Zerodha - Number One Discount Broker in India

[shri_r3]

Shri, we send DIS book only if you request for it. Everything else is just online. The age of physical documents is dying, and less paper means more trees anyways.

Ok thanks.
Agree with less paper means more trees.

On that note when I opened trading a/c in 2012 I got a mail saying that a tree will be planted for every new a/c opened. Since my trading a/c didn't grow much I would be really happy to know whether my tree is doing good. Is it flowers , fruits or show tree .... Anything is good

Just out of curiosity!!!

 

[goldenedge]

Does zerodha have larger clients over $1M?

 

[Newbie Day-Trader]

@ Zerodha,

For some reason, for the last few days, Kite hasn't been asking me for the Transaction Password at all. Previously, it used to ask me for the Transaction Password for the first order of the day every morning without fail. What's going on?

 

[rrrajguru]

Zerodha,

Daily Pivot line, S1,S2, R1,R2 derive their values from previous day High, low and close.

For example we know that:

PP = (DayL + DayH + DayC)/3;
R1 = (PP * 2) - DayL
S1 = (PP * 2) - DayH
R2 = PP + R1 - S1
S2 = PP - R1 + S1
R3 = PP + R2 - S1
S3 = PP - R2 + S1

My question is, why the pivot values in PI and the pivot values in KITE are different?

I wrote a mail regarding this. Your customer care has written me that you are using two different formula in PI and KITE to calculate Pivot line, S1,S2, R1,R2.

Why it is so? Which Pivot formula you are using for the calculation.

Please explain this if you have some time.

 

[Zerodha]

Ok thanks.
Agree with less paper means more trees.

On that note when I opened trading a/c in 2012 I got a mail saying that a tree will be planted for every new a/c opened. Since my trading a/c didn't grow much I would be really happy to know whether my tree is doing good. Is it flowers , fruits or show tree .... Anything is good

Just out of curiosity!!!

yep the sapling should have grown by a bit in 4 years. We are also doing some things with project greenhands. https://zerodha.com/cares/plant-a-tree. You can go donate and plant a tree, for every tree you plant, Zerodha will contribute one extra.

 

[Zerodha]

Does zerodha have larger clients over $1M?

Yes we do, but not many. Rich people don't like the idea of not having a relationship manager.

 

[Zerodha]

@ Zerodha,

For some reason, for the last few days, Kite hasn't been asking me for the Transaction Password at all. Previously, it used to ask me for the Transaction Password for the first order of the day every morning without fail. What's going on?

Yes by popular request, we have removed transaction password requirement. It will be removed across all our platforms in the next 1 week.

 

[Zerodha]

Zerodha,

Daily Pivot line, S1,S2, R1,R2 derive their values from previous day High, low and close.

For example we know that:

PP = (DayL + DayH + DayC)/3;
R1 = (PP * 2) - DayL
S1 = (PP * 2) - DayH
R2 = PP + R1 - S1
S2 = PP - R1 + S1
R3 = PP + R2 - S1
S3 = PP - R2 + S1

My question is, why the pivot values in PI and the pivot values in KITE are different?

I wrote a mail regarding this. Your customer care has written me that you are using two different formula in PI and KITE to calculate Pivot line, S1,S2, R1,R2.

Why it is so? Which Pivot formula you are using for the calculation.

Please explain this if you have some time.

We haven't built the charting library in house. The formula used for certain indicators is different across vendors of charting platforms.

On kite the code is:

size=0;
total=0;
pivotPoint=0;
high=0;
low=0;
prevHigh=0;
prevLow=0;
hlSpread=0;

RESET PIVOT:
pivotPoint = total/size;
prevHigh = high;
prevLow = low;
hlSpread = high - low;
size = total = high = low = 0;


for quote in quotes

total += (previousQuote.High + previousQuote.Low + previousQuote.Close)/3;
high = Math.max(high,previousQuote.High);
low = Math.min(low > 0 ? lowreviousQuote.Low, previousQuote.Low);
size++;

if new year or month or week or day:
RESET PIVOT

For fibonacci

Resistance 1 = pivotPoint + 0.382 * hlSpread;
Resistance 2 = pivotPoint + 0.618 * hlSpread;
Resistance 3 = pivotPoint + hlSpread;
Support 1 = pivotPoint - 0.382 * hlSpread;
Support 2 = pivotPoint - 0.618 * hlSpread;
Support 3 = pivotPoint - hlSpread;

For Standard

Resistance 1 = 2 * pivotPoint - prevLow;
Resistance 2 = pivotPoint + hlSpread;
Resistance 3 = pivotPoint +2 * hlSpread;
Support 1 = 2 * pivotPoint - prevHigh;
Support 2 = pivotPoint - hlSpread;
Support 3 = pivotPoint - 2 * hlSpread;

 

[rrrajguru]

We haven't built the charting library in house. The formula used for certain indicators is different across vendors of charting platforms.

On kite the code is:

size=0;
total=0;
pivotPoint=0;
high=0;
low=0;
prevHigh=0;
prevLow=0;
hlSpread=0;

RESET PIVOT:
pivotPoint = total/size;
prevHigh = high;
prevLow = low;
hlSpread = high - low;
size = total = high = low = 0;


for quote in quotes

total += (previousQuote.High + previousQuote.Low + previousQuote.Close)/3;
high = Math.max(high,previousQuote.High);
low = Math.min(low > 0 ? lowreviousQuote.Low, previousQuote.Low);
size++;

if new year or month or week or day:
RESET PIVOT

For fibonacci

Resistance 1 = pivotPoint + 0.382 * hlSpread;
Resistance 2 = pivotPoint + 0.618 * hlSpread;
Resistance 3 = pivotPoint + hlSpread;
Support 1 = pivotPoint - 0.382 * hlSpread;
Support 2 = pivotPoint - 0.618 * hlSpread;
Support 3 = pivotPoint - hlSpread;

For Standard

Resistance 1 = 2 * pivotPoint - prevLow;
Resistance 2 = pivotPoint + hlSpread;
Resistance 3 = pivotPoint +2 * hlSpread;
Support 1 = 2 * pivotPoint - prevHigh;
Support 2 = pivotPoint - hlSpread;
Support 3 = pivotPoint - 2 * hlSpread;

In PI, which Pivot you are using ? Fibonacci or standard?

You must give us option to change . Probably some want Fibonacci.
But I want standard floor Pivot.........and there must be many more who need standard floor pivot too........

 

[rrrajguru]

Zerodha,

Check correctly. The new Beta version you have released (not official) is having some problem in calculation of Pivot levels.

I have installed the Old version again.