Pivot Calculation

gmax
I am seeing some difference in pivot points calculated manually and in zerodha chart. Can anyone help ?

Bank Nifty -> BANKNIFTY18FEBFUT
Date : 29-01-2018

Pivot point (PP) = (High + Low + Close) / 3
First resistance (R1) = (2 x PP) – Low
but there is a difference in R1 in the chart
High: 27637.35
Low : 27170
Close : 27374.25

So Pivot should be as per formula - 27393.8
R1 as per formula - 27617

Pivot in chart - 27385
R1 in chart - 27597
  • rakeshr
    Hi @gmax ,
    Go through this thread for pivot point calculation done on Kite charts.Further query, write to support@zerodha.com.
  • Imran
    Hello,
    We are a team of software developers and we write strategies for Zerodha Kite connect, Upstox, MT4 , Amibroker and Oanda.

    You can contact us at.
    +91 9921754273
    developer.algotrade@gmail.com
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