I have one query. when I plot the pivot points on different timeframes (1min, 3min, 5min, 10min etc) for a same stock, they are different from the daily pivot of the daily chart. Can you please suggest me the formula which is plotting it differently for different timeframes.
Thanks a lot.
Pivot Points use the prior period’s high, low and close to formulate future support and resistance.Pivot Points for today’s intraday charts would be based solely on yesterday’s high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.
I have checked in Kite, I have two observations.
- If you check daily Pivot points for any security, then 10 min timeframe pivot points are different from pivot points shown on 1min, 3 min , 5 min 15 min.
- Also, the pivot point levels gets plotted daily after 9:30 PM and not before 9:15 PM.
Please help on these two issues.