Hi,
another question...
I have to say that I'm pretty new to MC and have a bit of trouble with the scaling in general.
Specially when it comes to price lines like the floor trader pivots.
When I insert the study, they don't seem to plot correctly (which maybe has to do with the session?) and also if I scroll back in the chart price and lines seem to move - and the lines change their location (value). Even when they don't plot the estimated markers.
I hope I was able to describe the problem.
I tried a lot of stuff, but nothing really worked.
Setting up Floor Trader Pivots [SOLVED]
Re: Setting up Floor Trader Pivots
The floor trader pivots study does not seem to work at all.
Is there a way to get the proper levels?
I did a search on the forum, but without a real result - only that it the study seems to calculate them wrong...
Thanks
Is there a way to get the proper levels?
I did a search on the forum, but without a real result - only that it the study seems to calculate them wrong...
Thanks
- TJ
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Re: Setting up Floor Trader Pivots [SOLVED]
You have to describe what do you mean by "does not seem to work at all".The floor trader pivots study does not seem to work at all.
Is there a way to get the proper levels?
I did a search on the forum, but without a real result - only that it the study seems to calculate them wrong...
Thanks
Re: Setting up Floor Trader Pivots
Sorry, you are right.
The study does not seem to calculate the correct pivot.
Does it need a special reference like a daily chart?
I tried to apply it to a volume chart and the pivots were all wrong.
And again I had problems with the scaling and experienced that the lines move with the price when scrolling.
The study does not seem to calculate the correct pivot.
Does it need a special reference like a daily chart?
I tried to apply it to a volume chart and the pivots were all wrong.
And again I had problems with the scaling and experienced that the lines move with the price when scrolling.
- TJ
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- Joined: 29 Aug 2006
- Location: Global Citizen
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Re: Setting up Floor Trader Pivots
Which version of MultiCharts are you using?Sorry, you are right.
The study does not seem to calculate the correct pivot.
Does it need a special reference like a daily chart?
I tried to apply it to a volume chart and the pivots were all wrong.
And again I had problems with the scaling and experienced that the lines move with the price when scrolling.
I didn't know the DT version has the Floor Trader Pivot indicator.
- TJ
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Re: Setting up Floor Trader Pivots
this is the code for the Floor Trader Pivot:
Code: Select all
inputs:
Plot_5or7( 5 ) ;
variables:
var0( 0 ),
var1( 0 ),
var2( 0 ),
var3( 0 ),
var4( 0 ),
var5( 0 ),
var6( 0 ),
var7( 0 ),
var8( 0 ),
var9( 0 ),
var10( 0 ),
var11( 0 ),
var12( 0 ),
var13( 0 ) ;
if Date <> Date[1] then
begin
var13 = var13 + 1 ;
var8 = var7 ;
var10 = var9 ;
var12 = Close[1] ;
var7 = High ;
var9 = Low ;
var6 = ( var8 + var10 + var12 ) / 3 ;
var3 = var6 * 2 - var10 ;
var4 = var6 + var8 - var10 ;
var5 = var4 + var8 - var10 ;
var0 = var6 * 2 - var8 ;
var1 = var6 - var8 + var10 ;
var2 = var1 - var8 + var10 ;
end
else
begin
if High > var7 then
var7 = High ;
if Low < var9 then
var9 = Low ;
end ;
condition1 = var13 >= 2 and BarType < 3 ;
if condition1 then
begin
if Plot_5or7 = 7 then
Plot1( var5, "R3" ) ;
Plot2( var4, "R2" ) ;
Plot3( var3, "R1" ) ;
Plot4( var6, "PP" ) ;
Plot5( var0, "S1" ) ;
Plot6( var1, "S2" ) ;
if Plot_5or7 = 7 then
Plot7( var2, "S3" ) ;
end ;
- TJ
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Re: Setting up Floor Trader Pivots
What do you mean by "does not seem to calculate the correct pivot"?Sorry, you are right.
The study does not seem to calculate the correct pivot.
Does it need a special reference like a daily chart?
I tried to apply it to a volume chart and the pivots were all wrong.
And again I had problems with the scaling and experienced that the lines move with the price when scrolling.
Can you give an example of the calculation from the indicator,
and your calculation?
- TJ
- Posts: 7743
- Joined: 29 Aug 2006
- Location: Global Citizen
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