Setting Pivots to London Open
Posted: Fri Jan 02, 2015 11:55 pm
Hello,
I would like to set my pivot points to London Open. Since the Pivot indicator is not adjustable, I imagine I should do this by shifting the time of the data. Since data is in GMT (correct?) and London opens at 8:00 GMT, then I think I should shift the data -8 hours when importing and then treat 0:00 as 8:00. Is this the correct procedure?
Also, is there any plan to have the Pivot indicator more manageable since some strategies call for London open pivots, where some call for NY close, and I have seen none that use GMT 0 as a starting point.
Kind regards,
Dave Rinaldi
I would like to set my pivot points to London Open. Since the Pivot indicator is not adjustable, I imagine I should do this by shifting the time of the data. Since data is in GMT (correct?) and London opens at 8:00 GMT, then I think I should shift the data -8 hours when importing and then treat 0:00 as 8:00. Is this the correct procedure?
Also, is there any plan to have the Pivot indicator more manageable since some strategies call for London open pivots, where some call for NY close, and I have seen none that use GMT 0 as a starting point.
Kind regards,
Dave Rinaldi