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Date/Time: Fri, 29 Mar 2024 14:14:34 +0000



Post From: Shadowtrader Pivots Not Quite Right

[2021-06-03 10:02:17]
SC Support Tom - Posts: 450
WRT Post #1:


The formulas provided in Pivot Formula 8 are not quite correct.

and Post #4 (my post):



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.

The disagreement that I noted was that the formulas quoted in the Shadowtrader website use "High", "Low", and "Close", whereas Sierra Chart uses "PriorHigh", "PriorLow", and "PriorClose". But the Prior values are indeed the ones to be used, as per the Shadowtrader website. I understand now that the disagreement that you noted has to do with the 15 min discrepancy in equity trading hours vs CME session hours. This is more subtle, and will require a closer look.