DeMarker Pivots indicator fix

I will look into this soon. I think a functional Demarker Pivots indicator would be great for the forum.

They sometimes appear on top and or below all price action. This is an incorrect representation of DeMarker pivots.

I have seen the indicator do this too, but I think it's because it's not coded for the official Demark Pivot calculations. It needs totally changed.


The daily close is below open, so this formula for 'X' applies:

If Close < Open, then X = High + (2 x Low) + Close

So X = 10206.50 + (2 X 9597.50) + 9853.50

So X = 39255


Pivot Point (P) = 39255/4 ---> 9813.75

Support 1 (S1) = 39255/2 - 10206.50 ---> 9421

Resistance 1 (R1) = 39255/2 - 9597.50 ---> 10030


So there should be a support line below current price, but there is not. All lines are above current price of 9853.50.

Yes the calculations that you have indicated are correct, Tom DeMark Pivot Points.

Okay, I will make a new indicator using the official Time DeMark Pivot calculations I mentioned. Please be patient.

Here is the new indicator called DeMark Pivot Points Indicator

I am also including it and any future updates in the 1st post for easy reference.

It seems to work fine, but feel free to let me know what you think.

Hello,
the indicator is still printing incorrectly.
Place the indicator on a 1Hr chart and scroll back, you will see it print below and above all price action.

Appreciate your efforts.

Thks

Please can you attach a screenshot so we can see and learn what you're explaining. 

Cheers.