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Direct MessagesDate/Time: Mon, 29 Apr 2024 13:03:18 +0000
Pivot points - Variable period
View Count: 636
| [2018-09-27 15:45:13] |
| User41512 - Posts: 58 |
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Hi, I loaded variable pivot points with identical settings on 2 separate charts. I noticed that the pivot points were at different levels on the 2 charts. I have since worked out that in chart settings, If i load 40 days in one chart, but 45 days in the other chart, this causes the pivot points to be at different levels. I have not altered any default settings in pivot points. Please Advise Rgds |
| [2018-09-27 17:56:46] |
| John - SC Support - Posts: 31159 |
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Please attach screenshots of what you are seeing in the two charts. You can follow the procedures here for how to post screenshots: https://www.sierrachart.com/index.php?page=doc/PostingInformation.php#Image
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2018-09-27 20:32:43] |
| User41512 - Posts: 58 |
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http://www.sierrachart.com/image.php?Image=1538080089789.png http://www.sierrachart.com/image.php?Image=1538080122523.png Identical charts, with identical studies, only diffrence being that one chart has 40 number of days to load (in chart settings) , and one has 50. But the variable pivot points are at 2 different levels. Rgds |
| [2018-09-27 21:10:52] |
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And what are the Input settings for the Pivot Points - Variable Period study?
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2018-09-28 06:24:37] |
| User41512 - Posts: 58 |
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Input settings below: Time Period Type : Months Time Period Length: 1 Formula type: 0 Minimum required Time Period :20 Round to tick size :No Display debugging output: No Forward project pivot point lines : No Number of days to calculate: 2 Auto skip Period of No Trading: No Number of Forward Bars: 1 |
| [2018-09-28 06:44:37] |
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The Number of Days to Calculate will have to be at least 31 for this calculation to make any sense. Otherwise, the whole result is completely inaccurate.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2018-09-28 06:45:13
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| [2018-09-28 06:55:09] |
| User41512 - Posts: 58 |
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This makes absolutely no difference..If i put in 31 days as the "number of days to calculate" on both charts, I am still getting exactly the same issue.
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| [2018-09-28 07:20:22] |
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Okay thinking about how that study is designed and accesses the prior data, we can see it is not affected in this particular way through the Number of Days to Calculate. But the problem is actually quite obvious. If you understand the pivot point formulas, of course you are going to get a difference. Refer to: Pivot Points: Formula Type 0 You need to substitute the word "Yesterday" with "prior month" in this particular case. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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