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Date/Time: Fri, 29 Mar 2024 05:49:19 +0000



Post From: Shadowtrader Pivots Not Quite Right

[2021-04-28 21:06:51]
SC Support Tom - Posts: 450
WRT Post #1:

I checked both the Shadowtrader website and the Sierra Chart function CalculatePivotPoints. Our formulas do indeed disagree with those of Shadowtrader. The correct formulas are listed in that post.


PIVOT = (High + Close + Low)/3
R3 = High + 2(Pivot – Low)
R2 = Pivot + (R1 – S1)
R1 = (2*Pivot) – Low
S1 = (2*Pivot) – High
S2 = Pivot – (R1 – S1)
S3 = Low – 2(Hi – Pivot)