Why do pivot points differ on Kite and Pi? How is this calculated?

[nithin]

@Tarzan

Something is off. I am looking at Infy 5 min stock chart. The OHLC for Thursday 6th july is 945, 957, 947, 944.2 (I am checking this on the daily candles/market depth). Using this data pivot point is (H+L+C)/3 = 949.45. But pivot point on the Kite chart is showing 949.35 for 7th July. Can you explain why this difference?

When you open the 5 min chart, the charting engine will have only 5 min data points historically. It won’t have 1 day data points. What this means is that to find the previous day OHLC, the 5 min chart will look at all the candles in the previous day and then take these points.

The previous day OHLC taken from a 5 min chart can be different from OHLC from a daily candle. Hence the pivot point may not match the way you are calculating. I have explained this here. Make sure to read all the links I have shared as well.

So if you are looking at 5 min Infy chart, the OHLC is taken from the places I have tick marked

So OHLC is 946.85, 957, 944.25, 946.8. Pivot point = (H+L+C)/3 = 949.35, which matches what is on the chart.