Can someone help me with placing the pivot point calculator on Oanda? When I plug in the numbers from the pivot point calculator from here (babypips) I give it the close of the 4 pm EST candle on the previous day. I then give it the high and low of that day as well. It gives me the r1/s1 etc levels. On Oanda there is a pivot point graph. It lets you overlay this on your chart so you can see the levels. However it doesn’t let you place it on the numbers you want. It configures PP based on the candle you place it on. If i go back to that 4pm EST candle from the previous day it shows the pp as a different level than my babypips pp calculator. Anyone have any solid advice on how to do this?
use metatrader for your chart analysis and oanda for placing your orders
kenhamilton74,
The pivots on the Oanda charts are confusing… IMO their daily pivot overlay is useless! I don’t know why but Oanda uses 4:00 GMT as the open / close of their daily bars. So their daily pivots are calculated with the 04:00 to 04:00 GMT high / low / close. :mad:
I just use the babypips pivot calculator and manually snap colored dotted lines at the pivot and R/S levels on my Oanda charts. Good luck!
PS 04:00 GMT = 23:00 aka 11:00 pm EST