Pivot Points Daily
(Shifted).mq4
Download Pivot Points - Daily
(Shifted).mq4
Floor taders pivots with the added
advantage of user defined time shift. If server itime is different
to desired Pivot recalculation time then user chooses the time
shift, be it NY EST or GMT etc to calculate the pivots.
For example, If user wants NY time pivots however the
server tome is calculated on GMT then set time shift to
"5". Lines drawn include PP, S1, S2, S3, R1, R2, R3.
Classic OR Floor Traders Pivots are
pre-calculated lines which indicate where there is a possibility of
support or resistance. Traders Floor pivots represent calculations
based on the daily range and previous days close. It displays the
new days Pivot Point, Low Level 1,2 & 3 and High Level 1,2 &
3.
Pivot (P) = (H + L + C) /
3
H1 = (2 X P)
L
H2 = P + H
L
H3 = H + 2 X (P
L)
L1 = (2 X P)
H
L2 = P H +
L
L3 = L 2 X (H P)
