SDX Forex TzPivots Indicator Calculation of Pivot and Similar Levels Based on Time Zones

Calculation of pivot and similar levels based on time zones.

 

Time-Zone Inputs:

 

  • LocalTimeZone: TimeZone for which MT4 shows your local time, e.g. 1 or 2 for Europe (GMT+1 or GMT+2 daylight savings time). Use zero for no adjustment. The MetaQuotes demo server uses GMT +2.
  • DestTimeZone: TimeZone for the session from which to calculate the levels (e.g. 1 or 2 for the European session (without or with daylight savings time). Use zero for GMT

Example: If your MetaTrader server is located in the EST (Eastern Standard Time, GMT-5) zone and you want to calculate the levels for the London trading session (European time in summer GMT+1), then enter -5 for LocalTimeZone, 1 for Dest TimeZone.

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Please understand that the LocalTimeZone setting depends on the time on your MetaTrader charts (for example, the demo server from MetaQuotes always located in CDT (+2) or CET (+1)), no matter what the clock on your wall says.

If in doubt, leave everything to zero.

 

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