I subscribe to opentick's live CME data. I have played with the "Session Begins" and "Ends" in the chart properties. I can't get the TRO pivots to match mypivots.
For example, today for the ESZ7, the PP matches at 1549.17, the S1 also matches, but all the rest are off. What confuses me is how a the PP and S1 match, but the rest don't (through S4 and R4). It'd make sense if none matched...
from mypivots:
The formula used in the calculation of Classic Pivot Points are:
R4 = R3 + RANGE (same as: PP + RANGE * 3)
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
S4 = S3 - RANGE (same as: PP - RANGE * 3)
from TRO's indicator:
pp = (currentHigh + currentLow + currentClose) / 3;
s1 = 2 * pp - currentHigh;
r1 = 2 * pp - currentLow;
s2 = pp - (currentHigh - currentLow);
r2 = pp + (currentHigh - currentLow);
s3 = pp - 2*(currentHigh - currentLow);
r3 = pp + 2*(currentHigh - currentLow);
s4 = pp - 3*(currentHigh - currentLow);
r4 = pp + 3*(currentHigh - currentLow);
s5 = pp - 4*(currentHigh - currentLow);
r5 = pp + 4*(currentHigh - currentLow);
What gives??
Thank you,
Bert
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