Hi Linuxser,

I have such an idea about the method of calculation of the pivots. If I understand it correctly, pivots are calculated using the high, low and closing prices of the previous day. But related to the timezone, all of these change, I guess. And depending on the previous price movement, pivots and consequently all levels may vary a great deal for different people in just a single day of trade.

Shouldn't there be a sort of standart GMT offset parameter for this system? It might be easier to test the system using common entry/target levels, regardless of the timezone...

The three main markets (Tokyo, London and New York) open at fixed hours every day. How about modifying the system so that it shows 3 different sets of pivots and buy/sell zones each day, calculated using the high, low and closing prices of the hours of activity of the previous market zone? For example, pivots for the New York trading hours being calculated from the highs/lows/close of the London trading hours, etc.? I think such a method of calculation would reflect in a better way the change of pivot values in regard to timezone change. Hope it will bring about interesting results, too.

Thanks a lot for posting your great indicator! Respect.

Valentin