Pivot points are different when using volume/tick charts

[Greg1]

2 questions/problems when using pivot points on volume or tick based charts:

1) I have two tick based currency charts (tick values of 1080 and 2584). The pivot #'s on the 2 charts are different. They should be the same. I suspect the logic is getting the HLC values of the last bar of the previous day instead of getting the HLC values on a daily basis

2) The pivot #'s are different than the ESignal pivot numbers (possibly also because of #1)

Anenhancement request. Weekly and Monthly pivot points are also extremely important as support/resistance points. Is there a plan to add that logic into the standard indicator (it's pretty simple logic as it uses end of month or end of week values as its HLC inputs)

[NinjaTrader_Dierk]

1) There is a bug which we will need to look into. We'll let you know.
2) We'll add this request to our list of futrue considerations. Thanks for your suggestion.

[bmaltz]

Hi,
I second the vote for needing weekly and monthly pivot point support and resistance lines.

Thanks,
Ben

[Greg1]

Also, note that other indicators that use end of "day" data have the same problem as the pivot point indicator. For example, the PriorDayOHLC indicator.

[NinjaTrader_Dierk]

1) There is a bug which we will need to look into. We'll let you know.


This issue will be fixed with next update. Thanks for bringing it up.

[Greg1]

I just got the latest NT update (6.0.1000.2). The pivot #'s are better when using volume charts but still not correct. For example, I'm loading the ER2 futures symbol and looking at two different volume charts (17711 and 4181). The pivot # on the 17711 chart is 817.5 while the pivot # on the 4181 chart is 817.2

Same situation also with prior day OHLC values (should be the same but are not).

[qitrader]

Can we add R3 and S3 to the next release as well?

here is the code

s3 = currentLow - 2 * ( currentHigh - pp );
r3 = currentHigh + 2 * ( pp - currentLow );

thanks

[NinjaTrader_Christian]

I just got the latest NT update (6.0.1000.2). The pivot #'s are better when using volume charts but still not correct. For example, I'm loading the ER2 futures symbol and looking at two different volume charts (17711 and 4181). The pivot # on the 17711 chart is 817.5 while the pivot # on the 4181 chart is 817.2

Same situation also with prior day OHLC values (should be the same but are not).

Hi Greg1 !

That's the way the volume bars are supposed to be build. If SessionBegin or SessionEnd is not set, the bars are filled up until they reach volume 17711 or 4181, thus producing different timestamps of the last bar and different values for close.

If you want the close values to be the same, please set e.g. SessionEnd to 11:59 PM.

[Greg1]

Changing the session end by a minute has helped. Thanks much.