What calculation does this use for the Pivots? They are usually a little different from other Pivot point indictors I have, but at the same time they are usually respected by price. Perhaps it's a difference in calculation or time offset?
Thanks
What calculation does this use for the Pivots? They are usually a little different from other Pivot point indictors I have, but at the same time they are usually respected by price. Perhaps it's a difference in calculation or time offset?
Thanks
you can see in the source code of it
you can see in the source code of it
OK, so I see it uses Open+High+Low+Close / 4. The standard pivot point calculation is High+Low+Close / 3. Is there any reason you choose to use the first calculation method??
OK, so I see it uses Open+High+Low+Close / 4. The standard pivot point calculation is High+Low+Close / 3. Is there any reason you choose to use the first calculation method??
just try different... :D
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Pivot Only:
This is a simple indicator showing pivot only for H1, H4, daily, weekly and monthly.
Author: Siti Latifah