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Common mistake when setting Alerts on Pivot Points

Mistake #1

Choosing "Daily" candle duration for getting alerts on Daily Pivot Points.

Correction

Choose "15 mins" candle duration for getting alerts on Daily Pivot Points.

Why?

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

Hence, to set alerts on daily pivot points, remember to use '15 mins' candle duration.

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

How to fix your existing alerts?

  1. Go to Alerts Screen
  2. Find your alert
  3. Click on Edit Button
  4. Click on Candle Duration
  5. Change it to 15 min
  6. Save
  7. Done!

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Common mistake when setting Alerts on Pivot Points
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