Support Board
Date/Time: Thu, 28 Nov 2024 20:31:47 +0000
Post From: PIVOT POINTS 1 HOUR / Accuracy
| [2023-04-04 16:30:54] |
| User373190 - Posts: 8 |
|
Hi guys I am using an intraday chart based on reversal bar 4 ticks to trade ES (ESM23_FUT_CME). I see that the calculation of the pivot point 60 minutes (based on pivot points variable period study, formula type 0) don't seem accurate on the chart: right now it is 12:30 pm Eastern time. Last hour data (from 11 am to 11:59 am) is the following for the ES: High:4140,50 Low:4125,25 Close 4125,75 therefore unless mistaken, the PP 1 Hour should be (4140,50 + 4125,25 + 4125,75) / 3 = 4130,50 413 on the SIERRA CHART the PP is equal to 4123,42 therefore a difference of 7,08 points. the other R1, R2, R3 etc..show a difference as well I've read the table of content "pivot points are not accurate or are different. Is there a way around this using a reversal bar in ticks? Please advise, Thanks, |