Hi folks,
I’ve created a little gadget which people might find useful. It calculates the daily pivot data for any currency pair and displays the data in the bottom left hand corner of your chart. It only does the main levels ie S2,S1,PP,R1 & R2 but I hope it’s of use.
It automatically deals with the yen crosses in terms of the point value being different so you’re pivot readings are always correct.
The calculation is based on midnight GMT except for Mondays which uses Friday’s close data.
If anyone is interested in more sophisticated pivot trading systems using intermediate levels and multi-timeframe based pivot data please let me know
PS. You can also control where the pivot data is displayed on the chart by editing the x&y co-ordinates in the “input tab” of the indicator
Enjoy!