Common Mistake while setting Alert on Pivot Points!

 

NOTE: Different Pivot Points are plotted on the chart based on candle interval

There are three types of Pivot Points - Daily, Monthly & Weekly

  • DAILY Pivot Points - plotted on 5 min, 10 min, 15 min chart

  • WEEKLY Pivot Points - plotted on 30 min, 1 hour chart

  • MONTHLY Pivot Points - plotted on 1 day chart

 

If you want to set an alert on Daily Pivot Points then choose 5min, 10 min or 15 min as the candle interval. 

If you choose "Daily" as the candle interval, your alert will be set on Monthly Pivot levels and not on Daily Pivot levels.