Motivewave Pivot Point calculation not correct

[debug]

Hello.

I discover that Clssic/regular Pivot point calculation are not correct.

This NQZ4 weekly pivot point is ( pH + pL + pC) / 3 = (20 508 + 19 902 + 20 450) / 3 = 20 287

(you can take the value here : https://www.investing.com/indices/nq-100-futures-historical-data

But the motivewave weekly NQZ4 pivot point is 20 274 (see picture).

You can verify with Daily and Monthly of course. there is the same issue. and it impacts all Support and all resistance of course

I think the problem is comming from 'time' value the java code used for the Study :

They put this comment in the code:

" // If the trading hours are off by a little bit, its possible that the time from the daily bar
// is actually on the previous day. Add a bit of time here to work around »


time = instr.getStartOfDay(time + 6*Util.MILLIS_IN_HOUR, ctx.isRTH());
if (ctx.isRTH() && time < series2.getStartTime(i) - 6*Util.MILLIS_IN_HOUR) time += Util.MILLIS_IN_DAY;
end = Util.getEndOfBar(time, time+barSize.getSizeMillis(), instr, barSize, ctx.isRTH());

the Study does not take the closed value as they add a bit of time so automatically it takes the next value that is the OPEN value of the next day.

What do you think about this conclusion?

 

[igor.s]

First: the time is not impacting the actual pivot calculation - it is used for drawing purposes. second: for that particular week the close is 20413.25. The pivot 20274 is correct.

cheers

 

[debug]

Thank you for your reply. but the close for this week calculation was 20450 (and not 20413). look at the NQZ4 historical data picture attached. I also put the Prorealtime weekly pivot poinn screen shot (picture attached). I have the same rerult on Quantower too (20 287)

Where do you get your weekly historical NQZ Data please?

 

[igor.s]

The historical data for Motivewave is provided by CQG.

 

[debug]

ok. So we start to understand. you are not using the same data as others even the NASDAQ offical DATA is showing close at 20 450 (look at the screen shoot).
- Data from Investing
- Data from Yahoo
- Nasdaq website (they have 20 450 as a close the 11 oct 2024)

 

[igor.s]

The MW platform Pivot calculation is correct. 2+2=4 - there is no magic or issue here. But it depends on the data feed. By default the historical data is coming from CQG provider. You can change that behavior to using a different data provider such as IQFeed, dxFeed and etc. A list of supported data providers is on the web site.

 

[debug]

This is unbelievable to see you do not admit your SQG datafeed generates wrong pivot table calculation (even you do not even check the value close I demonstarte to you. look at the chart 20450 weekly close the 11 th October)
You propose paid services in order to get it.
this is a shame to see that your plateform is not accurate and we must paid to have accurate data for Traiding.
I will have to cancel my subscription and go to Quantower or Prorealtime or other
Or you have another solution for free historical data and get a right pivot point calculation please?

 

[igor.s]

First of all I do not admit anything, I only indicate that the platform calculation is data dependent. Second of all you can do whatever you want. You have a choice. I use MW platform for 9 years, it works for me and I don't look for anything else.
Good luck!

cheers.

 

[debug]

Hello igor
Sorry, i though you where from Motivewave team support and you were able to correct this issue.
I did not want to upset you.
The plateform is great but it is very strange to have such issue on pivot points.
Best regards

 

[igor.s]

Hello igor
Sorry, i though you where from Motivewave team support and you were able to correct this issue.
I did not want to upset you.
The plateform is great but it is very strange to have such issue on pivot points.
Best regards

No problem. This is the user's forum. If you want to report an issue you need to contact the MW support directly.

 

[MrSharky]

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[HUB]

I have the TOS indicator pack. the TOS pivot point is showing the same levels as the motivewave pivot points on the SPY.

 

[debug]

I have the TOS indicator pack. the TOS pivot point is showing the same levels as the motivewave pivot points on the SPY.

Hello
thank you for your participation.
I have for this week the Weekly pivot point at 20420 for the Nasdaq futur (NQZ4) and 5 854 for the SP future (SPZ4) on motivewave (see picture)
Can you tell me what you have on TOS indicator pack please?
thank you very much

 

[HUB]

Sorry, I don't have futures data on motivewave.

 

[igor.s]

Hello
thank you for your participation.
I have for this week the Weekly pivot point at 20420 for the Nasdaq futur (NQZ4) and 5 854 for the SP future (SPZ4) on motivewave (see picture)
Can you tell me what you have on TOS indicator pack please?
thank you very much

ToS weekly pivot at 20420. ToS matches Motivewave.
cheers.

 

[debug]

Thank you.

Do you confirm that last week NQZ4 close is 20.498,75?