Pivots Calculation

[Botan626]

Hello,

I was wondering for a long time, why S3 and R3 levels have so big values usually, in other words the distance between S2 and S3 and between R2 and R3 is quite wide, until I found out in the NinjaScript Editor, that calculation for S3 and R3 is different from commonly used:

https://www.actionforex.com/markets/pivot-points/

Please press on Explanations to see the formulas.


I'm not expecting from NT team to change it, so how can I change the formulas in the build in indicator by myself? I tried, but it says I can't modify a system indicator, then I tried to copy it in the Indicators folder without "@" and rename it, then modify it, but I'm getting some errors I don't understand completely.

[Botan626]

But still will be interesting to know why NT uses that formulas for S3 and R3.

[koganam]

Hello,

I was wondering for a long time, why S3 and R3 levels have so big values usually, in other words the distance between S2 and S3 and between R2 and R3 is quite wide, until I found out in the NinjaScript Editor, that calculation for S3 and R3 is different from commonly used:

https://www.actionforex.com/markets/pivot-points/

Please press on Explanations to see the formulas.

I'm not expecting from NT team to change it, so how can I change the formulas in the build in indicator by myself? I tried, but it says I can't modify a system indicator, then I tried to copy it in the Indicators folder without "@" and rename it, then modify it, but I'm getting some errors I don't understand completely.

That s because you are going about in the hardest possible way. Whereas it can certainly be done that way, it is error-prone and time-consuming.

Do it in the recommended, much easier, more reliable, manner instead. Just right click in the indicator code and select 'Save as', enter a fresh name to which to save the indicator, and you have a copy for modifications, with all references correctly amended before you start writing any code.

[Botan626]

That s because you are going about in the hardest possible way. Whereas it can certainly be done that way, it is error-prone and time-consuming.

Do it in the recommended, much easier, more reliable, manner instead. Just right click in the indicator code and select 'Save as', enter a fresh name to which to save the indicator, and you have a copy for modifications, with all references correctly amended before you start writing any code.

Sorry to disappoint you, but I tried your way, and there are still 3 errors, something about global names and definitions...

[koganam]

Sorry to disappoint you, but I tried your way, and there are still 3 errors, something about global names and definitions...

It might help if you would paste in the exact error messages, so that we know where to look?

[Botan626]

It might help if you would paste in the exact error messages, so that we know where to look?

I thought about it, but the thing is, that I'm using rus version of Windows, and script editor gives me errors in rus too. Still, maybe line references will help, so here you go, thanks for your help:

[koganam]

I thought about it, but the thing is, that I'm using rus version of Windows, and script editor gives me errors in rus too. Still, maybe line references will help, so here you go, thanks for your help:

That error refers to duplicate type identifiers. I think that maybe you have not removed the file that you created on your first attempt (as per your original post), where you tried to copy and rename the file directly from the file system? Did you delete that file?

[Botan626]

That error refers to duplicate type identifiers. I think that maybe you have not removed the file that you created on your first attempt (as per your original post), where you tried to copy and rename the file directly from the file system? Did you delete that file?

Yes, I did delete it.

[Botan626]

You tried to do the same things you suggested me and you had no errors?

I called new one PivotPoints and I'm modifying lines 191, 192 to this:

s3 = currentLow - 2 * (currentHigh - pp);
r3 = currentHigh + 2 * (pp - currentLow);

[koganam]

You tried to do the same things you suggested me and you had no errors?

I called new one PivotPoints and I'm modifying lines 191, 192 to this:

s3 = currentLow - 2 * (currentHigh - pp);
r3 = currentHigh + 2 * (pp - currentLow);

I gave you the general correct method used to clone and modify an indicator in NT. I have not done it with that particular indicator.

Now looking into that particular indicator, I can see some public types declared in the Global namespace. I know generally how to handle that, but as you suggest, I will have to do it first, so that we have no more erratic instructions from me. I apologize, but as this was not an issue in NT7, it was not something that I took into account.

[koganam]

You tried to do the same things you suggested me and you had no errors?

I called new one PivotPoints and I'm modifying lines 191, 192 to this:

s3 = currentLow - 2 * (currentHigh - pp);
r3 = currentHigh + 2 * (pp - currentLow);

As my earlier responses somewhat misled you, I decided that I should just modify/create the indicator for you. I have made notes in there as to what I did, so you can follow along and see how I resolved the issue. Once again, apologies.

[Botan626]

As my earlier responses somewhat misled you, I decided that I should just modify/create the indicator for you. I have made notes in there as to what I did, so you can follow along and see how I resolved the issue. Once again, apologies.

Hi, koganam!

Yes, I just successfully compiled your version of indicator, and all is good, S3 and R3 lines now make sense.

Thanks a lot for your help, and no need to apologize, we all make mistakes while doing something