Zerodha - Number One Discount Broker in India

[Verde]

New Pi release is out officially today. Click on check for updates under help

customization of indicator lines pending since a long time. thick, thin dashed
macd histogram and indicator lines are in 2 different panels, first time in the history of the world. need to integrate both in 1 panel

 

[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.

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........

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.

Zerodha,
Confirm me first, then only i will update to new version.

I updated with the unofficial release of update 7 days back. There i saw wrong value in floor pivot calculation. I pointed out. But your customer care and you too told that it is correct.

Then i installed the old version and my problem solved. Now what is the status ?

 

[Subhadip]

why too much stamp charges. I am from West Bengal.

 

[bpr]

why too much stamp charges. I am from West Bengal.

switch to brokers who don't charge based on west bengal.

 

[ankur07090]

No it's not corrupted files in most cases. I think it's antivirus. Disable it and run.


Wow Cover orders with limit entry? Can you explain? (or post a link to explain)

Do you know what are you talking about. :lol:

Zerodha,

I think I need to uninstall and reinstall again.:annoyed:
But it's an issue at your technical team who is developing the software. Don't use same words like uninstall and install and then again uninstall and install....
Why we never face such issue in ShareKhan TT or any other software like visual studio, eclipse and even windows

 

[goldenedge]

Yes. I know what I'm talking about.

Uninstall everything first.

Then download update and disable antivirus completely before installing.


try it first and then talk later.

 

[Subhadip]

switch to brokers who don't charge based on west bengal.

Please name one discount broker.

 

[deba72]

Please name one discount broker.

I think Finvasia charges Chandigarh stamp duty rate to all their clients though I am not sure how good ( or bad ) they are otherwise.

Better solution is to get an address ( if possible ) outside West Bengal ( preferably in states like Karnatka,Andhra,Odisha, Assam etc ) and then update your kyc with your broker.

 

[Zerodha]

Introducing Tradetax.in a tax filing initiative exclusively for traders and investors, an extension of the taxation module on Zerodha Varsity. http://zerodha.com/z-connect/trader.../tradetax-for-income-tax-returns-when-trading

 

[comm4300]

Introducing Tradetax.in a tax filing initiative exclusively for traders and investors, an extension of the taxation module on Zerodha Varsity. http://zerodha.com/z-connect/trader.../tradetax-for-income-tax-returns-when-trading

can you provide more info about this?

looks like connecting to google docs [access denied from office]

is this some sort of tie up between CA and you to help zerodha customer file taxes? esp ITR IV

what benefits do we get for using this service?

thanks.