Pivot calculation

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Pivot calculation

Postby User » Fri Jul 03, 2009 10:14 am

Forum transfer: submitted by murhii on January 16, 2008 - 12:57.

how can i calculate pp accurately and an advice for me as new trader (leaning)
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:16 am

Forum transfer: Submitted by Ted on January 23, 2008 - 09:24.

Try this page

http://www.fxpivot-points.com/?page=4
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:17 am

Forum transfer: Submitted by User on January 26, 2008 - 09:48.

P = (H + L + C) / 3
R1 = (P x 2) - L
R2 = P + (H - L) = P + (R1 - S1)
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1)

H - high, L - low, C - close for the previous day.
P - represents pivot point, R - resistance levels, S - support levels.

You may use H, L, C values from mid to midnight or from market close to market close NY time.
Pivots are an easy tool, especially when you have so many online calculators to calculate it for you. Once you trade with Pivots couple of times, I'm sure you will like it.
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:18 am

Forum transfer: Submitted by Alf on March 25, 2008 - 19:09.

May I add my observation.

If you calculate pivots points from 5pm to 5pm every day, then if you happen to be trading at 5pm when new pivots are reset there are sometimes quite good opportunities to catch a new market move as it realizes what side of the new pivot it has opened after 5 pm...

Alf
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:19 am

Forum transfer: Submitted by bibi234 on May 18, 2009 - 10:18.

how can one calculate pivot on a monday morning.am a bit confuse
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Re: Pivot calculation

Postby Edward Revy » Fri Jul 03, 2009 10:20 am

Forum transfer: submitted by Edward Revy on May 20, 2009 - 08:11.

To calculate Pivot points for Monday take Friday + Sunday data.

Also, good point from Alf. Thanks a lot.

Regards,
Edward
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:21 am

Forum transfer: submitted by User on June 1, 2009 - 11:13.

Were can I get the High, Low, Close, Open data for the Midnight-Midnight EST or 5PM-5PM EST for any Forex prices.
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:22 am

Forum transfer: Submitted by User on June 5, 2009 - 10:33.

I don't know where to get ready data, but you can always find O, H, L, C by looking at your charts (point a cursor at daily candle).
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Re: Pivot calculation

Postby User » Fri Jul 03, 2009 10:22 am

Forum transfer: Submitted by louR77 on July 1, 2009 - 20:20.

Hi to everyone. just registered. . Can someone point me in the rite direction on how to get pivot templates? instructions, etc. i have read about them here somewhere. Thanx
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Re: Pivot calculation

Postby Edward Revy » Fri Jul 03, 2009 10:23 am

Forum transfer: Submitted by Edward Revy on July 3, 2009 - 14:32.

Hi louR77,
Here is a custom indicator fro MT4 charts:

Auto_Pivot_mod.mq4

If you were referring to anything else, just let me know, I'll be glad to help.

Regards,
Edward
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