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Date/Time: Thu, 02 May 2024 22:48:30 +0000



Post From: Issue with Pivots

[2020-10-15 22:22:36]
Sawtooth - Posts: 3992
Pivot points are based on the day season from the previous day 9:30-4:15 and should have nothing to do with time frame.
In Sierra, it does make a difference because the Pivot Point is calculated on yesterday's HLC average of the chart's time frame.
This is why the Pivots can be different between an RTH chart and an Historical >> Daily chart.
An Historical >> Daily chart may not have the same HLC values as an RTH chart, so Pivots may actually be inaccurate if you are expecting an Historical >> Daily chart to be using the HLC of the RTH.
If you want accurate Pivots for the RTH, the chart's session times must be 09:30:00 to 16:14:59 (assuming US Eastern Time Zone).
If your chart is using other intraday session times, you would need to overlay them from an RTH chart using the Study/Price Overlay study on the destination chart.

Is it possible to set up the weekly pivots like i want or not?
If you want the pivots from an Historical >> Daily chart on an intraday chart, you would need to overlay them using the Study/Price Overlay study on the intraday chart.
But note: Pivots on an Historical >> Daily chart are not necessarily the same as from an RTH chart.