Pivots, S3/R3 Not Calculating Correctly

[Ac1d27]

I have had another issue with pivots and NT. Well, since I've been using it. S3/R3 seem to be always off, I mean WAY off. I'm wondering if the place that I'm getting my pivot info is calculating them in a different way. Reason I say this is that S1/R1 and S2/R2 always match. But S3/R3 are always completely different between the two sources NT and http://www.actionforex.com/technical-analysis/pivot-points/pivot-points-summary-200603205734/.
Now the funny part is that ActionForex.com's OHLC data perfectly matches MT4's data. So I'm wondering if NT or the former are wrong in the way that they are calculating them.

[NinjaTrader_RyanO]

Hi,

Thank you for your post.

Can you please let me know which data provider you use for NinjaTrader.

You can also compare how the calculations occur in NinjaTrader with what you have provided for the other source of your pivots.

http://www.ninjatrader-support2.com/vb/showthread.php?t=4676

[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)


The SessionPivots Indicator allows you to choose between wide and narrow pivots.

References:

Narrow pivots:

- J. Welles Wilder: New Concepts in Technical Trading Systems
- J.F. Carter : Mastering The Trade
- https://www.sierrachart.com/support...hp/t-21832.html
- http://www.earnforex.com/pivot_points_calculator.php
- http://ezinearticles.com/?Forex:-Pi...Rules&id=446207
- http://tradingsharesonline.com/articles.php?article=199
- http://systems4trading.com/system,2...day-system.html
- http://www.floorpivottrading.com/fl...vot-trading.htm
- http://www.esignalcentral.com/excha...y_spotlight.asp
- http://tradingthingys.com/PitPivotPoints.pdf
- also used for Woodie's Pivots just with a different formula for the main pivot

Wide pivots:

- http://www.traderslaboratory.com/fo...ormulas-35.html
- http://www.investopedia.com/article...intstrategy.asp
- http://www.ninjatrader-support2.com...read.php?t=4676
- http://www.mypivots.com/page.aspx?p...tcalculatorhelp
- http://www.tralvex.com/pub/forex/pivots/index.htm