Manual Pivot Indicator

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flipflopper
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Manual Pivot Indicator

Postby flipflopper » 05 Dec 2011

All auto pivot Indicators are wrong if the close it captures isn't the official close.

Are there any studies out there that allow the user to adjust only the closing price in order to get real pivots?

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Katrin Yanenko
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Re: Manual Pivot Indicator

Postby Katrin Yanenko » 06 Dec 2011

Hi,

Please explain the issue with the pivot indicators in details.
What do you mean by "if the close it captures isn't the official close"?
We need more details in order to investigate it.

flipflopper
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Re: Manual Pivot Indicator

Postby flipflopper » 06 Dec 2011

Daily Floor Trader Pivots require 3 pieces of information.

The previous session high, low, and close.

High and low should always be correct. The "official close" is a closing price calculated several minutes after the actual close.

What I wanted to do is have the study calculate the high and low and I just enter the official close.

I took the floor trader pivots study and added a my close input. Strangely the pivots don't match.

Also it would be nice to round the pivots to the nearest tick for the ES (.25).

I would essentially want my pivots on my chart to match numbers here:

http://www.mypivots.com/dailynotes/symb ... ember-2011

Any help is appreciated.

inputs:
Plot_5or7( 5 ),
MyClose(1000);

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 = MyClose ;
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 ;

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Katrin Yanenko
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Re: Manual Pivot Indicator

Postby Katrin Yanenko » 09 Dec 2011

flipflopper,

Could you provide more information regarding this issue?
Is it possible to send us the screenshots of the charts which demonstrate it?

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Re: Manual Pivot Indicator

Postby flipflopper » 10 Dec 2011

I figured it out. The high and low were from the overnight session and I was only plotting the intraday. I now just manually enter the high low and close and I get the proper pivots on my study.

Thanks


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