DeltaT1 were heard saying: "We think that this is the most comprehensive, flexible, and simply the best, Pivot Point Calculator available. In fact we challenge anybody to show us a better one."
Add any questions and comments about it here.
ST
stock index futures
Rep: 15
Posts: 755
A new online Pivot Point Calculator by DeltaT1 is now available on the DeltaT1 web site:
Pivot Point Calculator
DeltaT1 were heard saying: "We think that this is the most comprehensive, flexible, and simply the best, Pivot Point Calculator available. In fact we challenge anybody to show us a better one."
Add any questions and comments about it here.
DeltaT1 were heard saying: "We think that this is the most comprehensive, flexible, and simply the best, Pivot Point Calculator available. In fact we challenge anybody to show us a better one."
Add any questions and comments about it here.
ST
stock index futures
Rep: 15
Posts: 755
quote:
Question on 04-03-05 05:48 PM:
For example say the price is 110 01.5' would'nt I enter 110 3/64 but the calculator is not excepting. I am old school(computer illiterate,but working on it). Thanks
You would enter 11003 and then click on the 64ths radio button.
You need to enter all the bond numbers (i.e. open, high, low, close) in 64ths if you enter 1 in this way.
If you click the 64ths radio button then the calculator assumes that the rightmost 2 digits are the fractional part.
So if you enter 11003 then it splits that out into 110 and 03.
PI
pive
Rep: 0
Posts: 2
I been using pivots for quite some time and I found this site looking for the camarilla pivot point formula... which seems to be working great.
however I found that the classic formula doesn,t give the same results.. those are (R3 = R2 + RANGE)and (S3 = S2 - RANGE ) dont have the same results as most other pivot calculators found on the web.
I havent seen any other pivot calculator with R4 and S4.. so I cant compare it but if R3 and S3 dont work as they should I dont thing (R4 = R3 + RANGE) and (S4 = S3 - RANGE) is working either
however I found that the classic formula doesn,t give the same results.. those are (R3 = R2 + RANGE)and (S3 = S2 - RANGE ) dont have the same results as most other pivot calculators found on the web.
I havent seen any other pivot calculator with R4 and S4.. so I cant compare it but if R3 and S3 dont work as they should I dont thing (R4 = R3 + RANGE) and (S4 = S3 - RANGE) is working either
ST
stock index futures
Rep: 15
Posts: 755
pive: What do you think that the formula for R3 should be? Do you have the URL of another pivot calculator on the web that gives a different result?
PI
pive
Rep: 0
Posts: 2
I checked around and found the formula for R3 and S3 to be (R3 = R1 + Range), (S3 = S1 - Range) which now coincides with most other pivot calculators
Now if we follow the sequence we can come up with R4 and S4 being
(R4 = R2 + range), (S4 = S2 - Range)... and if we keep following the sequence we can come up with an unlimited number of pivots
So I can add a R5 and S5 pivot (R5 = R3 + range), (S5 = S3 - Range) and so on
Some sites I found have R3 and S3 pivots but none with R4 and S4 making this calculator unique
Now if we follow the sequence we can come up with R4 and S4 being
(R4 = R2 + range), (S4 = S2 - Range)... and if we keep following the sequence we can come up with an unlimited number of pivots
So I can add a R5 and S5 pivot (R5 = R3 + range), (S5 = S3 - Range) and so on
Some sites I found have R3 and S3 pivots but none with R4 and S4 making this calculator unique
ST
stock index futures
Rep: 15
Posts: 755
Thanks for your post pive!
I checked the sites you mentioned and looked at the
Pivot Calculator and see that those sites use the "Woodie" set (in the "Quick Change Formula Set" option) with a standard Pivot Point of (H+L+C)/3.
So basically a combination of Woodie and Classic.
The objective of creating this Pivot Calculator was to give the trader the flexibility to use the formulae that work best in the market and time frame that they are trading and not forcing them into using a dictated or predetermined formulae such as the other sites. That is why the drop down boxes allow you to select the formulae.
You've brought up a valid point that perhaps another option for calculating R4 and S4 should be provided for traders. I'll look into adding that - but I've never heard of R4 and S4 being calculated like that so I'd like to hear from someone that uses R4/S4...?
I checked the sites you mentioned and looked at the
Pivot Calculator and see that those sites use the "Woodie" set (in the "Quick Change Formula Set" option) with a standard Pivot Point of (H+L+C)/3.
So basically a combination of Woodie and Classic.
The objective of creating this Pivot Calculator was to give the trader the flexibility to use the formulae that work best in the market and time frame that they are trading and not forcing them into using a dictated or predetermined formulae such as the other sites. That is why the drop down boxes allow you to select the formulae.
You've brought up a valid point that perhaps another option for calculating R4 and S4 should be provided for traders. I'll look into adding that - but I've never heard of R4 and S4 being calculated like that so I'd like to hear from someone that uses R4/S4...?
ST
stock index futures
Rep: 15
Posts: 755
quote:
Quote: Originally posted by pive
I checked around and found the formula for R3 and S3 to be (R3 = R1 + Range), (S3 = S1 - Range) which now coincides with most other pivot calculators...
Hi Pive,
I've done a bit of work on the Pivot Calculator and I've now added cookies to that page.
If you set the formulae to the ones that you want to use then each time you come back to that page the formulae will be the same as when you last used them.
This should allow you to customize the page to suit your preferences. I hope that this helps.
(It also remembers the input numbers and other settings that you last used.)
Guy
ST
stock index futures
Rep: 15
Posts: 755
Recent question:
Unfortunately I don't trade those currency pairs so I can't comment on the best time frames from which to draw the figures.
I can, however, suggest that you take a look at the following factors when determining what time of day to use as your cut-off:
1. When is the market most liquid? i.e. When does volume pick up and tail off?
2. What timeframes have historically worked for the pivots in the past? Try this link: How to back test pivot point
I hope this helps.
Guy
quote:
hi if you can, will you please tell me when is the best time of day to calculate the open/close hi lo pivots for the EUR/USD GBP/USD as i trade these two currency pairs on an intraday bases, i would love to start using the pivot point calculator, but as the markets are 24hrs i do not now what time of day to take the numbers from i.e. open close, can you help me please
respectfully
Unfortunately I don't trade those currency pairs so I can't comment on the best time frames from which to draw the figures.
I can, however, suggest that you take a look at the following factors when determining what time of day to use as your cut-off:
1. When is the market most liquid? i.e. When does volume pick up and tail off?
2. What timeframes have historically worked for the pivots in the past? Try this link: How to back test pivot point
I hope this helps.
Guy
ST
stock index futures
Rep: 15
Posts: 755
Here is an interesting email exchange that I had recently.
quote:
On 9/3/05, [email protected] <[email protected]> wrote:
Pivot Point Calculator from mindovermatter.com is better than any I have seen.
---------------------------------------------------------
On Sun, 4 Sep 2005 16:10:14 -0400 "Guy" writes:
It says that the web site is for sale? There doesn’t appear to be a pivot calculator there...
---------------------------------------------------------
From: [email protected] [mailto:[email protected]]
Sent: Monday, September 05, 2005 10:46 AM
To: [email protected]
Subject: Re: A better Pivot Point Calculator
Do a search for Pivot 2.
---------------------------------------------------------
On Tue, 6 Sep 2005 03:48:08 -0400 "Guy" <[email protected]> writes:
Using what?
Google shows up nothing linking to mindovermatter...
Do you have the link to the pivot calculator?
---------------------------------------------------------
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, September 06, 2005 10:34 AM
To: [email protected]
Subject: Re: A better Pivot Point Calculator
I found it with Yahoo search.......and it is better than any of the other "spread sheet calculators" such as yours.
---------------------------------------------------------
On Tue, 6 Sep 2005 11:11:57 -0400 "Guy" <[email protected]> writes:
Well what’s the URL of this calculator? I can’t comment if I haven’t seen it. It could easily be better than mine but I can’t agree/disagree with you until I’ve seen it.
---------------------------------------------------------
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, September 06, 2005 1:42 PM
To: [email protected]
Subject: Re: A better Pivot Point Calculator
To use pivot 2 all you have to do is enter the symbol, not H, L & C.
So go to Yahoo and get it and stop bothering me.
OM
omni72
Rep: 120
Posts: 222
quote:
Originally posted by guy
Here is an interesting email exchange that I had recently.
quote:
---------------------------------------------------------
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, September 06, 2005 1:42 PM
To: [email protected]
Subject: Re: A better Pivot Point Calculator
To use pivot 2 all you have to do is enter the symbol, not H, L & C.
So go to Yahoo and get it and stop bothering me.
i assume you found it, but JIC ...
http://www.mind0vermarket.com/mindovermarkets/pivot.asp?SYMBOL=%5EGSPC
take care -
omni
BTW: still lol'ing about
quote:
So go to Yahoo and get it and stop bothering me.
guy, you know how to bring it out in people, dontcha?
ST
stock index futures
Rep: 15
Posts: 755
quote:
Originally posted by omni72
guy, you know how to bring it out in people, dontcha?
I certainly do
Thanks for the link omni - I'd actually given up and forgotten about the pivot calculator after I he told me to stop bothering him.
I'm not sure if I've ever initiated a conversation with someone and then told them to stop bothering me. Is that in chapter 1 of Carnegie's How to Win Friends etc...?
DA
day trading
Rep: 39,586
Posts: 6,370
Interesting... I stuck in some numbers and it came up with this result. (My inputs are at the top)
What are the M numbers? There's no explanation on the site or formula to show how they are calculated?
Why are S3 and M0 so much higher than all the other numbers?
What are the M numbers? There's no explanation on the site or formula to show how they are calculated?
Why are S3 and M0 so much higher than all the other numbers?
Click image for original size
