vignesh120 Posted January 25, 2012 Report Share Posted January 25, 2012 Hi guys can someone pls explain how Daily pivot levels are calculated using averages of past data ... it is used in Dynamic trader. And how to calculate Ress 3 and support 3 and wat will be the pivot point Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 25, 2012 Report Share Posted January 25, 2012 G o o g l e ??? Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 25, 2012 Author Report Share Posted January 25, 2012 umm .. its not the common pivot levels ... it works differently Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 25, 2012 Author Report Share Posted January 25, 2012 and it has a awesome accuracy .. Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 25, 2012 Report Share Posted January 25, 2012 The 3 ways I know are Standard-, Camarilla- and FibPivots...you should find something for all of them in the net But I have to admit that I don't know Dynamic Trader and whether they are using their own proprietary stuff ForexRules 1 Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 25, 2012 Author Report Share Posted January 25, 2012 Ya its totally different from all those pivot levels ... it kinda uses data from previous 3-5 days and price moves like charm from those levels the software has only R1 R2 and S1 S2 ... price just shoots when it breaks R2 or S2 so just wondering if someone knows how R3, S3 is calculated Quote Link to comment Share on other sites More sharing options...
Sixer Posted January 25, 2012 Report Share Posted January 25, 2012 vignesh120, the following link shows the calculation of the Daily pivots: http://codebase.mql4.com/5207 Sixer Quote Link to comment Share on other sites More sharing options...
freddy Posted January 25, 2012 Report Share Posted January 25, 2012 Ya its totally different from all those pivot levels ... it kinda uses data from previous 3-5 days and price moves like charm from those levels the software has only R1 R2 and S1 S2 ... price just shoots when it breaks R2 or S2 so just wondering if someone knows how R3, S3 is calculated You can use this online PP calculator http://www.pivotpointcalculator.com/ and look if with the H L C of the last 3/5 days, you can match Dynamic trader's values. Play with parameters and if you get them, then you can change "correct" formulas in the indicator like the one provided by Sixer, then you will get your awesome results. Green pips to you! ForexRules 1 Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 26, 2012 Author Report Share Posted January 26, 2012 sixer.. freddy, the range tat Dt gives is totaly weird sometimes the resistance starts from previous days lows .. but price do move there to touch those levels .. and there is difference in range between R1, R2 and S1 S2 http://i42.tinypic.com/qqztl5.jpg Dt gave this lvls for nifty yesterday - ress 5162.33 - 5197.32 supp 5071.08 - 5014.82 (5151.5, 5174.15, 5130.25, 5158.30... this were the open, high, low, close) if u calculate according to classic pv calculation then it comes R1 5178.2, r2 5198.1, R3 5222.1 ----- S1 5134.3, S2 5110.3, S3 5090.4 Camarilla says R1 5162.32 R2 5166.34 R3 5170.37 ----------- S1 5154.27, S2 5150.25, S3 5146.22 Fibonacci R1 5171.00, R2 5181.36, R3 5198.13 ----------- S1 5137.46, S2 5127.10, S3 5110.33 woodie R1 5180.25, R2 5199.15 --------- S1 5136.35, S2 5111.35 the resistance may look nearby ........ but how can support be so out of the range Quote Link to comment Share on other sites More sharing options...
Sixer Posted January 26, 2012 Report Share Posted January 26, 2012 vignesh120, why don`t you send the information of post#9 to Robert Miner directly and ask him for clarification. I got anwsers from him to all my emails. Sixer Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 26, 2012 Author Report Share Posted January 26, 2012 no probs sixer ... One more thing sixer, can u help me with setting up intraday data in to dt ... i have data in this format ( AMBUJACEM.NS,20120125,09:15:04,160.0000,160.2500,160.0000,160.0000,6400 ) Quote Link to comment Share on other sites More sharing options...
Sixer Posted January 26, 2012 Report Share Posted January 26, 2012 vignesh120, i propose that you try the ASCII setup which is shown in the gif. I have assumed that you have stored your intraday data as “txt” file: http://imageshack.us/photo/my-images/259/intraday3format.gif/ Let me know if this works Sixer vignesh120 1 Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 26, 2012 Author Report Share Posted January 26, 2012 Sixer, i'm gettin a error sayin ''unable to find records in portfolio cds'' Quote Link to comment Share on other sites More sharing options...
Sixer Posted January 26, 2012 Report Share Posted January 26, 2012 vignesh120, you must create a portfolio with your intraday underlyings – have a look in the DT manual: http://imageshack.us/photo/my-images/69/portfolio.gif/ Sixer Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 26, 2012 Author Report Share Posted January 26, 2012 Sixer, i'm tryin to add scrips in portfolio ..but its not accepting, its giving Error Quote Link to comment Share on other sites More sharing options...
niftymover Posted January 26, 2012 Report Share Posted January 26, 2012 Sixer, i'm tryin to add scrips in portfolio ..but its not accepting, its giving Error how you are plotting pivots level on dt chart............... i can not place any pivots point on daily chart like your screen Quote Link to comment Share on other sites More sharing options...
Sixer Posted January 26, 2012 Report Share Posted January 26, 2012 niftymover, you will find this DT feature at the left side of the screen - the abbrevation is "DPL" http://imageshack.us/photo/my-images/803/dpl.gif/ Sixer niftymover 1 Quote Link to comment Share on other sites More sharing options...
vignesh120 Posted January 27, 2012 Author Report Share Posted January 27, 2012 I found how Dt calculates Pivot lvls .... it uses previous days data to calculate tomorrows levels ... not today's data to calculate tomorrows level (its simple classic pivot level calculation) Quote Link to comment Share on other sites More sharing options...
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