My demo account has it at 1.2699 and the live account has 1.2703
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DislikedRare, my DP is 1.2698, exactly where it bounced away two times, well its Psych number 00 also as well.
I really have no explanation on that.
Do you use the original setup from the first page or did you add anything else?Ignored
DislikedThanks everybody for your contribution about the pivot discrepancy. As you can see, there is some reason why some of our pivots are not even close. I am looking into this so please refrain from bugging cobra about it. Doblece, do you have any ideas?Ignored
DislikedPrice feeds usually differ among brokers... that's one of the possible whys if not the only one. Anyway Pivots and S/R should be considered as "areas" and not a single particular price. On my side, I have found that the Action Forex site (linked some posts above) almost always coincides or at least is very near to what my pivots indicators show, so maybe it would be a good idea to take their PP/S/R prices when analyzing... (besides the fact that they have all versions possible of PPs calculations).
And if in doubt as for setting targets or stops...Ignored
Dislikedelfural, GuateForex and lynnette, what version of MT4 do you have?
edit: I'm sorry, more specifically, what Build do you have?Ignored
DislikedMT4 V4.00 Build 220
I dont believe this has to be with the version... I believe it has to be with the broker... because I download another demo account with I trade FX broker and this has te pp on 1.2699
I have this PP (and I installed the same Indicators downloaded from Cobra's page in both programs)
FXPro PP =...Ignored
DislikedAfter i post the las message I was watching.... It's only an idea... Don't you think this diference has to be with the amount of decimals that the broker works.... watch... the broker with 4 decimals has the pp on 1.26691 and the one that works with 4 decimals has it on 1.2699 ... the central part of the decimals looks similar ***69***...
It is only an idea... I'm very new in this and I'm still learning how to use de Mt4.... so I may be wrong... but for u all the experts... have and eye on it ....Ignored
DislikedCobra and I already confirmed we have the same feed and the same time zone. ActionForex has the same DP (roughly) as what my chart is drawing, but others here have close to the same as cobra's. I definitely do use the pivot "area" concept, but it seems 1.2658 to 1.2703 seems to be too different. I'll keep thinking about it.Ignored
DislikedAlso if the indicator takes sunday candle into account, monday pivots will be showing a large difference.
Finally, demo/live accounts prices may differ on the same broker. Even live/live accounts usually differ for a few pips (not everybody gets the same exact price).Ignored
DislikedMT4 V4.00 Build 220
After i post the las message I was watching.... It's only an idea... Don't you think this diference has to be with the amount of decimals that the broker works.... watch... the broker with 4 decimals has the pp on 1.26691 and the one that works with 4 decimals has it on 1.2699 ... the central part of the decimals looks similar ***69***...
It is only an idea... I'm very new in this and I'm still learning how to use de Mt4.... so I may be wrong... but for u all the experts... have and eye on it ....Ignored
DislikedThe problem is if any indicator uses the "Point" into its calculations... on additional decimal brokers "Point" should be replaced with "Point * 10" because what the system interprets as "Point" is the pipette (or fractional pip) so any formula based on "Point" from a normal 4 decimal broker, will give strange results on 5 decimal brokers.
Also, and what I think is the problem, the sunday candle will give bad results every monday if taken into account. Check tomorrow for example and you'll see that everything went back to normal...
The...Ignored
DislikedAlso the timezone of the broker has an influence, as especially the close price won't be the same.
Anyway on Af's site standard and Fib PP are also at 1.2667.
I can't see any additional reason for the 30 pips difference...Ignored
QuoteDislikedDaily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT.
QuoteDislikedResistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
QuoteDislikedThe formula used in the calculation of Camarilla Pivot Points are:
R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C - RANGE * 1.1/12
S2 = C - RANGE * 1.1/6
S3 = C - RANGE * 1.1/4
S4 = C - RANGE * 1.1/2
Where R1 through R4 are Resistance levels 1 to 4, PP is the Pivot Point, S1 through S4 are support levels 1 to 4, RANGE is the High minus the Low for the given time frame (usually daily).