Are Pivots Calculated properly?

[NinjaCustomer]

is there something buggy about R3/S3 levels? or is there an option to set so that they agree with those on actionforex site?

the reason I ask is because the ninjatrader values are constantly very far away. So I'm guessing actionforex site has more correct r3/s3 values because they are closer together.....

or is there just many ways to calculate r3/s3 ?

[NinjaTrader_ChristopherJ]

Hello NinjaCustomer,

Thank you for your post.

Yes, Pivots values may vary depending on the calculations used, data, etc. Unfortunately I am not familiar with how Actionforex calculates their Pivots however I have provided a link below to our Support Forum that goes over the calculations used within NinjaTrader.

http://www.ninjatrader.com/support/forum/showthread.php?t=4676

Please let me know if I may be of further assistance.

[Harry]

For R3 and S3 there are 2 alternative formulas being used:

Narrow pivots formula: Adding daily range to R1 or subtracting daily range from S1

R3 = R1 + (H-L) = H + 2*(P-L)
S3 = S1 - (H-L) = L - 2*(H-P)

Wide pivots formula: Adding daily range to R2 or subtracting daily range from S2

R3 = R2 + (H-L) = P + 2*(H-L)
S3 = S2 - (H-L) = P - 2*(H-L)

More information here:

http://www.ninjatrader.com/support/forum/showpost.php?p=139537&postcount=13

Session Pivots Indicator - see download section - has both options.