Indicators: Pivot Only

davesarge1 2017.12.21 14:08 #1

What calculation does this use for the Pivots? They are usually a little different from other Pivot point indictors I have, but at the same time they are usually respected by price. Perhaps it's a difference in calculation or time offset?

Thanks

Indicator dump by Dserg Trading using two pivot What is pivot point

Siti Latifah 2018.02.07 08:06 #2

davesarge1:

What calculation does this use for the Pivots? They are usually a little different from other Pivot point indictors I have, but at the same time they are usually respected by price. Perhaps it's a difference in calculation or time offset?

Thanks

you can see in the source code of it

davesarge1 2018.02.10 10:03 #3

Siti Latifah:

you can see in the source code of it

OK, so I see it uses Open+High+Low+Close / 4. The standard pivot point calculation is High+Low+Close / 3. Is there any reason you choose to use the first calculation method??

Siti Latifah 2018.02.10 10:55 #4

davesarge1:

OK, so I see it uses Open+High+Low+Close / 4. The standard pivot point calculation is High+Low+Close / 3. Is there any reason you choose to use the first calculation method??

just try different... :D

davesarge1 2018.02.10 11:08 #5

Siti Latifah:
just try different... :D

I already use a few different pivot point indicators. I was just curious about the calculation of this one.

Nino Guevara Ruwano 2023.09.12 06:22 #6

Simple but nice :-) Thanks for sharing