FOREX TRADING COACHES - PIVOT POINTS

PivotPoint

The pivot point indicator automatically calculates daily, weekly or monthly pivot lines depending upon which timeframe is displayed on the chart. For charts 30 minutes and less, it displays the daily pivots. For the 1 hour it displays weekly pivots. For the 4 hour and daily charts it displays the monthly pivots. This automatic behavior can be overridden by changing some of the indicator options which will be discussed later. The pivot points are recalculated at midnight eastern time.

NOTE: This is one of the indicators that are dependent upon your GMT Offset being set correctly.  Please be sure you configure the GMT Offset on your trade station.

Parameters

(Click here for more info about parameters)

forceDaily=false; 
forceWeekly=false; 
forceMonthly=false; 
dayPeriodEnd_EST=0; 
showDailyHLC=true; 
showMLines=true; 
useDeMarkMethod=false; 
showAsBackground=true; 
PivotColor=MediumAquamarine; 
PivotStyle=STYLE_SOLID; 
PivotWidth=1; 
RLineColor=LightSalmon; 
RLineStyle=STYLE_SOLID; 
RLineWidth=1; 
SLineColor=C'121,117,198'; 
SLineStyle=STYLE_SOLID; 
SLineWidth=1; 
MLineUpColor=Gold; 
MLineUpStyle=STYLE_SOLID; 
MLineUpWidth=1; 
MLineDownColor=Gold; 
MLineDownStyle=STYLE_SOLID; 
MLineDownWidth=1; 
pivotsAsOfDate=D'2030.01.01 00:00'; 

forceDaily=false;

If set to true, then regardless of the periodicity of the chart, the daily pivots will be displayed.

forceWeekly=false;

If set to true, then regardless of the periodicity of the chart, the weekly pivots will be displayed

forceMonthly=false;

If set to true, then regardless of the periodicity of the chart, the monthly pivots will be displayed

dayPeriodEnd_EST=0

Instructs the indicator what time is considered the end of day for the purposes of calculating the daily pivots.  Zero equals midnight EST, 1 would indicate 1 AM GMT.  Numbers 0-23 are valid.