• Download software • Tutorial videos
• Subscription & data-feed pricing • Class schedule


• New account application • Trading resources
• Margin rates • Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Pivot Points calculations

Pivot Points calculations Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
peterlee823
Posted : Thursday, December 29, 2011 11:56:18 AM
Registered User
Joined: 12/26/2011
Posts: 4
 Hi I am new to TC2000 and I've noticed that the pivot point calculations are a bit off.

Maybe I am adding the indicator incorrectly? I'm not sure. As an example, I would bring up a 15min chart of NFLX. Then go to the left hand column where it says "Indicators" then select pivot points. When I did it today, it is showing the pivot point for NFLX = 69.587.

But, using the standard formula to calculate Pivot Point = (High + Low + Close) / 3

NFLX pivot point today = ( 69.09 + 67.61 + 69.20 ) / 3 = 68.63

Hence, I'm a bit confused why on TC2000 it is showing 69.587 vs 68.63. Any help to explain this would be greatly appreciated. Also please keep in mind that I am writing this message at 11:51 am EST. (because the high and low of the day might change from now until market close which would change the numbers above)
Back to top
Bruce_L
Posted : Friday, December 30, 2011 7:28:41 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 The standard formula for Pivot Points uses the High, Low and Close of the previous day, not the current day.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.