Problem with simple Pivot code

• 02/07/2019 at 1:14 PM #90721
  PastaPesto

  Hi again 🙂

  Just starting to look at a strategy including Pivots and got stuck directly on the first rule. My first rule is price to reach Res3 pivot, and I just made a simple code for that frst rule but it doesnt work. Please see picture attached and code. Picture will show two order that seems to be ok and one is executed in the wrong place (and there are lots of them). What do I do wrong here? Price has not reached the RES3 but gets triggered anyway.

  DEFPARAM CumulateOrders = False // Conditions to enter short positions Res3 = DHigh(1)+2*((DHigh(1) + DLow(1) + DClose(1))/3-DLow(1)) c1 = (close >= Res3) if not onmarket and c1 then SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions Pivot = (DHigh(1) + DLow(1) + DClose(1))/3 c2 = (close <= Pivot) IF c2 THEN EXITSHORT AT MARKET ENDIF

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  DEFPARAM CumulateOrders = False   // Conditions to enter short positions Res3 = DHigh(1)+2*((DHigh(1) + DLow(1) + DClose(1))/3-DLow(1)) c1 = (close >= Res3)   if not onmarket and c1 then SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Conditions to exit short positions Pivot = (DHigh(1) + DLow(1) + DClose(1))/3 c2 = (close <= Pivot)   IF c2 THEN EXITSHORT AT MARKET ENDIF

   

  

  PastaPesto

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  02/07/2019 at 1:38 PM #90725
  Vonasi

  Try using GRAPH to graph Res3, close and Pivot to confirm that they are calculated to match your indicator.

  Add to bottom of code

  graph res3 graph close graph pivot

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  graph res3 graph close graph pivot

   

  

  Vonasi

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  02/07/2019 at 2:32 PM #90731
  PastaPesto

  Thank you Vonasi, it is clearly monday that is the problem. It seems that RES3 is looking at sunday, and that messes up the pivots and draw them really close to eachother. It was very clear using the “graph”. Thank you for that tips.

  Is there someway to make RES3 not include sunday and look at friday instdead when calculating pivot for monday?

  

  PastaPesto

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  02/07/2019 at 2:51 PM #90736
  Vonasi

  I have some code somewhere that I wrote to avoid the Sunday candles issue. I’ll try to find it for you.

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  PastaPesto

  

  Vonasi

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  02/07/2019 at 2:56 PM #90739
  Vonasi

  I’m not sure if this is something that I wrote or I stole! – but here is the code as an indicator for pivot, s1 and r1 which you should be able to adapt easily to levels 2 and 3 and into a strategy code too.

  a1 = OpenDayOfWeek b1 = DHigh(1) b2 = DHigh(2) c1 = DLow(1) c2 = DLow(2) d1 = DClose(1) d2 = DClose(2) IF a1 = 1 THEN b1 = b2 c1 = c2 d1 = d2 ELSE b1 = b1 c1 = c1 d1 = d1 ENDIF H1 = b1//High L1 = c1//Low C = d1//Close Pivot = (H1 + L1 + C) / 3 R1 = 2*((H1 + L1 + C) / 3) - L1 S1 = 2*((H1 + L1 + C) / 3) - H1 return Pivot as "Point Pivot", R1 as "R1", S1 as "S1"

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  a1 = OpenDayOfWeek b1 = DHigh(1) b2 = DHigh(2) c1 = DLow(1) c2 = DLow(2) d1 = DClose(1) d2 = DClose(2)   IF a1 = 1 THEN b1 = b2 c1 = c2 d1 = d2 ELSE b1 = b1 c1 = c1 d1 = d1 ENDIF   H1 = b1//High L1 = c1//Low C = d1//Close   Pivot = (H1 + L1 + C) / 3 R1 = 2*((H1 + L1 + C) / 3) - L1 S1 = 2*((H1 + L1 + C) / 3) - H1   return Pivot as "Point Pivot", R1 as "R1", S1 as "S1"

   

  

  Vonasi

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  02/08/2019 at 10:11 AM #90828
  PastaPesto

  That works perfectly!

  Thanks!

  

  PastaPesto

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