Hello,
There are different ways to calculate pivot points, Kite and Pi uses slightly different ways and hence may not match.
The input for pivot point is High, Low, and Close (HLC) of previous candle.
On pi the previous candle is hard coded to day candle. So whatever chart time frame (1min,15mins, 30mins, 1hour, 4hours) the pivot points are calculated based on yesterday’s High, low and close.
In Kite it is dynamic,
Previous day candle HLC values are considered for 1,3,5,10,15 min timeframe.
Previous week candle HLC values are considered for 30 min and 1 hour.
Previous month candle HLC values are considered for 1 day timeframe.
Hence the pivot points may not match when looking at a 30min, 1 hour, or 1 day time frame.
Also, the way S3 or R3 is calculated is slightly different on Kite and Pi. See the formula below.
Pivot Points formula on Kite:
Pivot point § = (H + L + C) / 3
First support level (S1) = (2 * P) – H
Second support level (S2) = P – (H – L)
Third support level (S3) = P – 2*(H-L)
First resistance level (R1) = (2 * P) – L
Second resistance level (R2) = P + (H – L)
Third resistance level (R3) = P + 2*(H – L)
Pivot Points formula on Pi:
Pivot point § = (H + L + C) / 3
First support level (S1) = (2 * P) – H
Second support level (S2) = P – (H – L)
Third support level (S3) = Low – 2(High – PP)
First resistance level (R1) = (2 * P) – L
Second resistance level (R2) = P + (H – L)
Third resistance level (R3) = High + 2(PP – Low)
Note: S3/R3 values are calculated differently for Kite and Pi.
There are different ways to calculate pivot points (so both ways are correct), both kite and pi is powered by different charting engines and hence they differ. .