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Kris

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Posts: 347

Joined: 4/20/2006
Location: JNB, ZA

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Subject : RE: Rolling Pivot Points
Posted : 4/22/2007 1:07 AM
Post #4579 - In reply to #4233
Updated Hourly Pivots with additional Time-Zone adjustment. Still draws only the last set of pivots (no rolling pivots yet).

The point of Time-Zone adjustment is that depending where you live, you may want to adjust the Pivots starting point.

John Carter (RazorForex.com) suggests to calculate pivots as at Close of Business NYC time. I follow his teaching, so I have set the Time-Zone-Adjust = 1, as at 17h00 (in NYC) it is 23h00 in Johannesburg.

Peter Bain (ForexMentor.com) suggests to calculate pivots at beginning of business of the currency domicile market, or re-calculating it when a new major market opens (Tokyo, London, NYC).

So, now we can adjust our pivots to the Time-Zone we want.

Cheers, Kris
Attached file : HourlyPivots.txt (4KB - 598 downloads)

Deleting message 4579 : RE: Rolling Pivot Points


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