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Date/Time: Fri, 03 May 2024 01:34:56 +0000

Post From: Pivot Points - Formula 5

[2019-02-15 10:08:46] Link To Thread - Link To Post [Go To First Post]
sync - Posts: 9
Hi, I've tested the new R4.5 and S4.5 levels in the new release and they do not match up with the formulas I suggested in my first post - they are almost 3 points off in the ES futures contract. If I match my formulas to the nomenclature for Sierra Charts, the formulas should be divided by 1.33, not divided by 1.5 as stated in your post. So the correct formula is: R4.5 = Yesterday's Close + Range * 1.1 / 1.33 S4.5 = Yesterday's Close - Range * 1.1 / 1.33 I do hope you will change the R4.5 and S4.5 to reflect this as I have seen these levels being useful pivots for many years of using Camarilla - it is not about having equidistant spacing or progression between each level, in my humble opinion. Thanks in advance.