DAS Calculating Camarilla Pivot Points WRONG??

[RussWilliamL 21]

I really hesitate to bring this up since I've got a working strategy using the Camarilla Pivot Points in DAS.  However, I believe DAS is calculating the Pivot Points incorrectly.

 Here's an example of what I found.

Solving for R4 using the accepted formula: R4 = C + ((H-L)*1.5000)

MSFT on 4/10/2023  Close=289.39 High=289.60 Low=284.71

R4= 296.725 = (289.39 +((289.60-284.71)*1.5000)

However, DAS shows R4 on 4/11/2023 as 292.024 (this is DAS calculating WITHOUT using pre/post market data by the way)

When I "reverse-engineer" the DAS calculation for R4 using algebra, I find that DAS calculated like this: R4 = C + ((H-L)*0.5386)

I checked the eleven stocks I watch, and the DAS R4 multiplication factor ranges from 0.54 to 0.57.

Like I said, I'm a bit worried that the DAS programmers might fix this error.  If they DO fix it, a TON of BBT folks will have their strategies completely blown out of the water.

 

All the best,

Russell Landwehr

[Martin D 29]

I disagree with your accepted formula, this is different from Thor's book, pivot boss, IB etc etc. I wondered where this had come from and I see the first one that comes up when I googled has it listed like yours but every other source I looked at has 1.1/2 (instead of your 1.5).

Using your other figures it pretty much lines up with DAS calculation so don't think there is an issue

[RussWilliamL 21]

9 hours ago, Martin D said:

I disagree with your accepted formula, this is different from Thor's book, pivot boss, IB etc etc. I wondered where this had come from and I see the first one that comes up when I googled has it listed like yours but every other source I looked at has 1.1/2 (instead of your 1.5).

Using your other figures it pretty much lines up with DAS calculation so don't think there is an issue

1.1/2 is the same as 1.5

My point is that DAS isn't using 1.5 (or 1.1/2), it is using 0.54 (or 0.1/2)

Edited April 12, 2023 by RussWilliamL

[Martin D 29]

 

4 minutes ago, RussWilliamL said:

1.1/2 is the same as 1.5

1.1/2 isn't the same as 1.5. 1.1 divided by 2 is 0.55

DAS is a few cents away from what I get using your figures but DAS also has the odd dodgy prints so that's not surprising, a few cent matters little compared to some of the other issues DAS has with certain indicators.

[RussWilliamL 21]

5 hours ago, Martin D said:

 

1.1/2 isn't the same as 1.5. 1.1 divided by 2 is 0.55

DAS is a few cents away from what I get using your figures but DAS also has the odd dodgy prints so that's not surprising, a few cent matters little compared to some of the other issues DAS has with certain indicators.

Aha!  I was reading "1.1/2" as "one point one-half"... and apparently so are some other "experts" who make webpages about stock indicators.

NOW it makes sense... 

THANKS!!