Resolved Question
How to calculate the monday pivot
im using midnight to midnight EST to calculate pivot. but i have a problem when to calculate pivot on monday since my broker didnt have the sunday midnight EST closing. can anybody assist me to solve this problem. Thanks for advance
about 1 month ago
Best Answer - Chosen by Voters
I would advise that you use the 4:00 pm EST close of the previous day for you pivot calculations. Take note, most traders also use this for their pivot point calculations and its important that you align your points with their so that you know what price areas other traders are aiming at as well. For Monday's pivot, you can use Friday's New York session close.
about 1 month ago
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Answers (1)
You might also want to check the link that I provided below. Thanks!
about 1 month ago
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