How is Daily pivot levels calculated in dynamic trader

[vignesh120]

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

[iwjw]

G o o g l e ???

[vignesh120]

umm .. its not the common pivot levels ... it works differently

[vignesh120]

and it has a awesome accuracy ..

[iwjw]

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

[vignesh120]

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

[Sixer]

vignesh120,

 

the following link shows the calculation of the Daily pivots:

 

http://codebase.mql4.com/5207

 

Sixer

[freddy]

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!

[vignesh120]

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

[Sixer]

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

[vignesh120]

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 )

[Sixer]

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]

Sixer, i'm gettin a error sayin ''unable to find records in portfolio cds''

[Sixer]

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

[vignesh120]

Sixer, i'm tryin to add scrips in portfolio ..but its not accepting, its giving Error

[niftymover]

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

[Sixer]

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

[vignesh120]

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)