NT7 beta 11 - PriorDayOHLC Pivots

[madlana]

Are the pivots R1, R2, S1, S2 and PP not accurate, sometimes accurate,or not recommended to use as they are still in work?
Recent email states:
"Pivot indicators are still work in progress and can still calculate incorrect values."

[higler]

madlana

I don't know where the Pivots indicator currently stands development wise, but I think it still needs some work based upon the email you reference. In the meantime, I've been plugging in the User Defined Values into the indicator. I've been getting my user defined Pivot values from http://www.mypivots.com/dn/ and the Pivot indicator has been calculating and plotting the values accurately on the chart using these values. Just select "User Defined Values" in the indicator, plug in the "Current" values from "Day Change Summary" for your instrument on the web site, and then confirm that the indicator has calculated and plotted the same pivot values as is listed on the web site. Works for me while NT7 is getting "tuned up"

[NinjaTrader_JoshP]

They should be accurate if you guys are using normal session templates. There are use case scenarios where they may not be correct. In either case, you should load it up in your scenarios and do a manual check of the calculations by hand. If you find them sufficient then you can go ahead and use that.

[higler]

Josh

I'll give it a try and see how the results look. Congrats on your job promotion. Bet you're working long hours.

[NinjaTrader_JoshP]

Thank you. Please let me know how it goes good or bad.