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Woodies pivot calc's are not correct


why even publish woodies pivots when you say they are not correct because you don't have all the data(opening price)?

"One of the key differences in calculating Woodie's Pivot Point to other pivot points is that the current session's open price is used in the PP formula with the previous session's high and low. At the time-of-day that we calculate the pivot points on this site in our Daily Notes we do not have the opening price so we use the Classic formula for the Pivot Point and vary the R3 and R4 formula as per Woodie's formulas."

Most peeps that use your site, don't know this.

Jeff
This was brought up when we first started publishing these numbers years ago. (Remember we've been publishing these numbers for over 10 years now.) The general comment from everyone at the time was that they'd rather keep them the way that they were than not have them.

Traders who are looking for the Woodie Pivot Point variation that you are talking about have been directed to take the previous session's numbers from the Daily Notes and combine that with the opening price and then to use the Pivot Point Calculator to get their number.