jfritchey Posted January 7, 2020 Report Share Posted January 7, 2020 The labels TC and BC seem to be reversed on the chart. I think the TC should be on the top and BC on the bottom. I calculated the BC, P and TC using The H, L and C below CHTR 1/7/20 values High 498.15 Low 490.93 Close 497.45 Calculated BC 494.54 P 495.51 TC 496.48 The Indicator displayed on chart BC 496.3933 Versus calculated 497.48 TC 494.54 Correct P 495.4667. Versus calculate 495.51 My calculations used 2 decimal point values from Historical chart. The Pivot (P) I calculated looks to be the problem. What am I doing wrong? Pivot point post.txt Quote Link to comment Share on other sites More sharing options...
Mike Medved Posted January 8, 2020 Report Share Posted January 8, 2020 I have TC = (Prev High + Prev Low)/2 and BC = 2*Pivot - (Prev High + Prev Low)/2 Is that reversed? Quote Link to comment Share on other sites More sharing options...
jfritchey Posted January 8, 2020 Author Report Share Posted January 8, 2020 Yes it is reversed according to the article formulas below. I am a little concerned that no one noticed this before because TC means top and BC means bottom. I guess they ignored the labels. TC = (Pivot – BC) + Pivot Pivot = (High + Low + Close)/3 BC = (High + Low)/2 Did you find anything on the P calculation? That was more important than the labels. Quote Link to comment Share on other sites More sharing options...
Mike Medved Posted January 9, 2020 Report Share Posted January 9, 2020 Pivot is calculated as (prev day high + prev day low + prev day close) / 3 The difference could be the close of the day. MT takes it from the data, so if you have extended day it will take it from that. Compare your HLC values to MT's. Quote Link to comment Share on other sites More sharing options...
jfritchey Posted January 9, 2020 Author Report Share Posted January 9, 2020 1/8 close Chtr MT Historical Chart Values High 509.99 Low 498.55 Close 500.70 1/8 Stock chart values High 509.99 Low 498.55 Close 500.70 My calculated values Chtr 1/9 Intraday chart Pivot 503.17 I understand the label difference now. My Pivot calculation still differs from yours. I checked yesterday’s values and compared them to Stock charts which were the same for a couple of symbols. I still cannot figure how you get the result you display on the chart. Some MT symbol chart pivot values are correct but others differ from my spread sheet calculated values. Since the TC calculation uses Pivot it can differ also. What values did you use for CHTR from 1/8 close? Quote Link to comment Share on other sites More sharing options...
Mike Medved Posted January 14, 2020 Report Share Posted January 14, 2020 I am not sure whether you're using the historical chart candle values to calculate intraday pivot points? If so, that is not what MT uses. MT uses intraday data to calculate intraday pivot points. So look at intraday high low close - on the intraday chart candles - for the day. Oh and yes TC and BC were reversed. I changed that in code. Quote Link to comment Share on other sites More sharing options...
jfritchey Posted January 14, 2020 Author Report Share Posted January 14, 2020 That does answer the question. I have been using the Historical chart data. Thanks Quote Link to comment Share on other sites More sharing options...
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