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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)


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