robstephen
Recruit
- Messages
- 5
I have a quick question.
A peculiarity of the FX markets is they are open 24 hours 5.5 days a week yet they have daily charts.
My question is this, what is the correct time for cut off for the daily interval on a chart?
In Ninja Trader daily interval cutoff for FX is midnight EST, most websites calculate pivot points using 5pm EST cutoff.
I am a little confused as a website like actionforex uses the 5pm EST cutoff to calculate pivot points etc but the charts on their website appear to have a midnight cutoff.
I guess I am keen to find out what the majority of punters use for the cutoff, on their daily charts.
Rob
A peculiarity of the FX markets is they are open 24 hours 5.5 days a week yet they have daily charts.
My question is this, what is the correct time for cut off for the daily interval on a chart?
In Ninja Trader daily interval cutoff for FX is midnight EST, most websites calculate pivot points using 5pm EST cutoff.
I am a little confused as a website like actionforex uses the 5pm EST cutoff to calculate pivot points etc but the charts on their website appear to have a midnight cutoff.
I guess I am keen to find out what the majority of punters use for the cutoff, on their daily charts.
Rob