NinjaTrader Charting Pivot Points Incorrectly?

FortuneTeller · Jun 23, 2008

Maybe it's just my imagination, but it sure seems that NT pivot points are way off.

Example: PP today on NT is 1325.75 when I believe it should be 1322.75 or so.

R1 is on NT is 1336.00 when I believe it should be 1330.25 or so.

And no, they aren't Woodie's pivots. Using ZenFire data. (IB is the same).

Tasker_182 · Jun 23, 2008

Which contract?

Today's ES September contract was:

1351.25
1335.00
1325.00 PP
1308.75
1298.75

IanMacQuaide · Jun 23, 2008

Some Pivot Calculators use the Open, some use the "close", some the true Settlement price.
I trade the YM, and cook my own using OHLC, with the close being the CBOT Settlement price.

dandxg · Jun 23, 2008

There are multiple calculations for pivot points that's one of the problems. The pivot itself is always the same that I have seen but R1 and such change depending on the calculation used. Look at all of the ways, not including Woodies or Camarilla that you can calculate them http://www.sierrachart.com/index.php?aid=def&file=doc_TechnicalStudiesReference.html#87

FortuneTeller · Jun 23, 2008

Quote from Tasker_182:

Which contract?

Today's ES September contract was:

1351.25
1335.00
1325.00 PP
1308.75
1298.75

ES September.

Just opened NT again and I am getting 1325.75 as my PP and 1336.00 as R1 which is close to what you have but using a pivots calculator I get the #'s I wrote in my post above. Either way, my NT is still off from your numbers a little bit. Maybe my pivots calculator is out to lunch.

FortuneTeller · Jun 23, 2008

Quote from IanMacQuaide:

Some Pivot Calculators use the Open, some use the "close", some the true Settlement price.

Anyone know what NinjaTrader is using? I assumed it was high/low/close (using cash session).

FortuneTeller · Jun 23, 2008

Quote from FortuneTeller:

Anyone know what NinjaTrader is using? I assumed it was high/low/close (using cash session).

I just figured out I had the pivot indicator in NT to calculate from Daily bars instead of intraday. I guess you can do either or use your own values. I was wondering why my own values wouldn't work. It's because you have to have it on that setting.

FortuneTeller · Jun 23, 2008

Quote from dandxg:

There are multiple calculations for pivot points that's one of the problems. The pivot itself is always the same that I have seen but R1 and such change depending on the calculation used. Look at all of the ways, not including Woodies or Camarilla that you can calculate them http://www.sierrachart.com/index.php?aid=def&file=doc_TechnicalStudiesReference.html#87

Sierra has quite a few, that's for sure. I must be out of the loop because I have never heard of Frank Dilernia Pivots.