View Full Version : Pivot Points and Floor Pivots
NinjaTrader_Josh
07-27-2007, 05:27 PM
Pivot Points Enhanced
http://i18.tinypic.com/53fubty.jpg
-Draws Pivots up to R5 and S5.
-You can choose how far out you want the pivot lines to be painted with the "Width" parameter.
-You can also choose to show the pivot labels or not with the "Labels" parameter. The labeling will automatically differentiate between Daily, Weekly, and Monthly pivots.
Floor Pivots v1.1
http://i10.tinypic.com/4m2l20k.jpg
http://i14.tinypic.com/63bk76a.jpg
Changelog:
v1.1 - Added midpoint plots
v1.0 - Public release
-You can choose the Close, High, and Low for the pivot calculations.
-Set the "FloorLabels" to true if you want the indicator to label the pivot lines as Floor PP etc instead of just PP.
-"Labels" and "Width" work the same as they do in the Pivot Points indicator.
Note: These are the same indicators as the ones I posted here (http://www.ninjatrader-support.com/vb/showthread.php?t=2549). Just thought I'd make it easier to find for people not aware of that thread.
pdawg
08-16-2007, 12:35 AM
uacvax,
Thanks for the definable floor trader pivots, they are an integral part of my charting. I was wondering if would be possible to also program the midpoints as well?
NinjaTrader_Josh
08-16-2007, 02:11 AM
Grab it above.
pdawg
08-16-2007, 02:38 AM
uacvax,
What can I say, you are the man!
Thanks!
Rollins
09-21-2007, 07:58 AM
Thanks a lot Josh. I was looking for this enhancement, unfortunately changing the numbers messes up my volume profile.
Maybe I'll try to get it to calculate the values automatically with a parameter when the session closes. This would be my first ninjascript hack though.
prostyle
09-27-2007, 11:58 AM
Hello,
When taking yesterdays data to determine todays pivot points.
Do I use only the reg session data from yesterday or the entire day?
thanks,
Colin
pdawg
09-27-2007, 01:38 PM
Prostyle,
I use the numbers from www.mypivots.com
Rollins
09-27-2007, 03:16 PM
It depends on the instrument you're trading. E.g. it seems to me that in the currency futures the 24h pivots with eastern time work well.
Most often they are based on session data though like the ES (i guess?). -> mypivots.com
bertg
10-12-2007, 09:04 PM
Hi,
Does anyone know what the difference is between the below Floor Pivots and TRO's Slot Machine Battle Lines pivots?
I look at mypivots.com and enter the Close_Floor, High_Floor, Low-Floor values in Josh's FloorPivots indicator (btw, I record market data using OpenTick). The calculated values that appear on the chart are always the same as the mypivots.com values under the "Classic" column.
Then on the same chart, I try TRO's battle lines. But the above never match TRO's Battle Lines pivots, even though from what I can tell, TRO's indicator is using the same formulas.
Why the difference?
Thanks,
Bert
edit:
Also, what is the difference between pivots and floor pivots?
NinjaTrader_Josh
10-12-2007, 11:51 PM
TRO BattleLines uses the same pivot implementation as the one in the official NinjaTrader pivots indicator.
Floor pivots sometimes don't match up because of differences in opening/closing prices. This is commonly attributed to different session begin/end times. If your chart is set to begin at say 9am and end 4pm instead of 9am and 4:15pm then, you end up with different numbers being used in the pivots calculations. Basically once you sync up the time frames you should get the same numbers, but if you are using mypivots.com to determine your pivots there might be a difference in data that is causing the discrepancy.
I think the difference between pivots and floor pivots is just that floor pivots are the ones used on the floor. They like to use their own inputs instead of just going off of the chart? I'm not too sure.
MichaelB
10-28-2007, 03:28 AM
Hi Josh,
Thanks for the changes.
I live in Australia, and the US day session times are, at the moment, 23.30pm to 6.15 am. ( My local time)
In another indicator I use in Ninja Trader there is a section in the Parameters of that indicator , with the heading "Session Times". I have this set as follows
Session Times
Override Chart Session False
Session Begins 23.30.00
Session Ends 16.15.00
I don't know how much work is needed to include this ,as an option in the Parameters on this Pivot Point Indicator, but for anyone outside the USA using Ninja ,it is a excellant feature and time saver, being able to set the start and end times , so calcualtions are correct
Thanks
Michael B
NinjaTrader_Josh
10-28-2007, 05:20 AM
Hmm an interesting suggestion, but it would require a fundamental overhaul of the way the current implementation works. It would need a way to figure out that the difference between the dates still corresponds with one trading session. Perhaps someone from the community could make these changes?
MichaelB
10-28-2007, 05:30 AM
Hi Josh,
I use the TPo / Volume indicator from Muly , at Fin Alg . This indicator has this option in the parameters of the indictor.
For me, living outside of the US, it is a fantastic feature, and is the only practical manner in which I can use these tools.
Thanks
Michael B
NinjaTrader_Dierk
10-28-2007, 05:46 AM
We have the dealing with different time zone on our list for future enhancements yet. Thanks for you suggestion though.
bertg
11-01-2007, 08:59 AM
If your chart is set to begin at say 9am and end 4pm instead of 9am and 4:15pm then, you end up with different numbers being used in the pivots calculations.
Anyone know if mypivots uses the 9am ET to 4:15pm ET to set their high/low/close for e-mini futures?
And, also, which is the Ninja "official" pivot indicator? The one Josh wrote?
Thanks,
Bert
bertg
11-01-2007, 09:25 AM
Ok, I'm sorry about posting about this again.
I subscribe to opentick's live CME data. I have played with the "Session Begins" and "Ends" in the chart properties. I can't get the TRO pivots to match mypivots.
For example, today for the ESZ7, the PP matches at 1549.17, the S1 also matches, but all the rest are off. What confuses me is how a the PP and S1 match, but the rest don't (through S4 and R4). It'd make sense if none matched...
from mypivots:
The formula used in the calculation of Classic Pivot Points are:
R4 = R3 + RANGE (same as: PP + RANGE * 3)
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
S4 = S3 - RANGE (same as: PP - RANGE * 3)
from TRO's indicator:
pp = (currentHigh + currentLow + currentClose) / 3;
s1 = 2 * pp - currentHigh;
r1 = 2 * pp - currentLow;
s2 = pp - (currentHigh - currentLow);
r2 = pp + (currentHigh - currentLow);
s3 = pp - 2*(currentHigh - currentLow);
r3 = pp + 2*(currentHigh - currentLow);
s4 = pp - 3*(currentHigh - currentLow);
r4 = pp + 3*(currentHigh - currentLow);
s5 = pp - 4*(currentHigh - currentLow);
r5 = pp + 4*(currentHigh - currentLow);
What gives??
Thank you,
Bert
NinjaTrader_Josh
11-01-2007, 12:00 PM
bertg. Please ensure you are passing in the same HLC values to the mypivot calculator. You need to pass in the previous session's HLC for the current day's pivots. Please see my attached picture. It is accurate.
Also, the official pivots indicator is the one that comes with NinjaTrader out of the box. It is called "Pivots".
bertg
11-01-2007, 12:32 PM
bertg. Please ensure you are passing in the same HLC values to the mypivot calculator. You need to pass in the previous session's HLC for the current day's pivots. Please see my attached picture. It is accurate.
Also, the official pivots indicator is the one that comes with NinjaTrader out of the box. It is called "Pivots".
Josh,
Yes, I know your indicator works perfect. Thank you for it.
I wanted to get TRO's indicator to work, as there is no need for manual input. I am still puzzled as to how PP and S1 are correct, but the rest aren't.
Regards,
Bert
NinjaTrader_Josh
11-01-2007, 12:52 PM
Sorry I'm not sure I follow. The TRO BattleLines indicator uses the exact same algorithm as my PivotPoints indicator and as such they both produce the exact same results. Those two indicators do not require any manual input. The only version that requires manual inputs is the Floor Pivots indicator.
dgregor5
11-05-2007, 04:40 PM
Hi - I am no expert on the pivot points, so a quick question. with Pivot Points set to daily, I am assuming that yesterday's data are used to calculate the pivot points, Resistance & Support? If so, is it possible to modify this to make it intra-day (i.e. for the current day).
thx
David
NinjaTrader_Josh
11-06-2007, 12:51 AM
It is possible, but I've never seen pivots calculated that way anywhere before. You can go through my code and just change up the logic a bit to reflect the current day's HLC
zelli
11-06-2007, 11:54 AM
Here is a forex web site that uses intra day pivots. It's all the same thing really, just based on your time period....monthly, weekly,daily,4hour,1hour...etc.
http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/gbpusd_200603215756/
dgregor5
11-14-2007, 03:32 PM
Hi. I am a little confused on Pivot Points. Hope you can help.
I am assuming that with the YM the open time is 8:15pm EST & the close time is 5:00pm EST.
Is this correct?
I am in the UK, so my open time is 1:15am GMT & close time is 10:00pm.
Again is this correct?
I am assuming that I also have to change the chart settings (via properties) to incorporate these open & close times.
Sorry if this all sounds a little dumb.
thx
David
That doesn't sound right.
Although you can trade the dow emini 23.5 hours per day (excluding 16:15 to 16:45) the principal trading hours are from 09:30 to 16:15 Eastern time.
To convert to UK time, add 5 hours (you did this correctly, you just started with the wrong times.)
bertg
11-15-2007, 05:37 PM
That doesn't sound right.
Although you can trade the dow emini 23.5 hours per day (excluding 16:15 to 16:45) the principal trading hours are from 09:30 to 16:15 Eastern time.
To convert to UK time, add 5 hours (you did this correctly, you just started with the wrong times.)
Hello,
I feel like I am beating a dead horse here, but what is the widely used time period for getting pivots? For example, what time period does mypivots.com use? Is it 9:30ET to 16:15ET? Or is it 0:00ET to 23:59ET? Or other?
What time period do you guys use?
Thanks,
Bert
NinjaTrader_Josh
11-16-2007, 12:58 AM
No idea what mypivots.com uses, but I personally just use 9:30 to 16:15.
ashish
11-21-2007, 01:50 AM
Josh,
Are you saying 'personally' or the 'out of the box' pivots indicator use 9:30 to 4:15? It seems to me the Ninja indicator is dependent on 'session' times set in the chart's properties. BTW, 12am to 12am is the closest to mypivots.com's.
It seems to me that mypivots.com uses OHLC from 12am to 12am....the problem/question is, sometimes, they have different data.
For instance for today,day end 20 Nov) they have an open of 1438.50 and my chart has 1438.25;High of 1456.50 vs 1456.50;Low of 1422.00 vs 1422.00.
For day ending 19 Nov: Open of 1460.25 (which is the prev close from only 11:15pm for som reason?) vs 1461.25;high 1465.75 vs 1462.75(mine) (3:44-3:45am);Low of 1433.25 vs 1433.25.
I don't understand the 'high' discrepancy at all, but if you look at the archives, the open is NOT the previous close. So that doesn't explain the open of 'day ending 19 Nov....It is certainly a bit frustrating. What's one to do!!!???
Ashish
NinjaTrader_Josh
11-21-2007, 01:54 AM
"Personally" as in the indicators I put out. You are correct in your assumption of the default indicators being based on your chart's session begin and end times. I do not know what mypivots.com uses, but yes, differences in data will cause differences in pivot calculations. There isn't much one can do if the data is different. You could just use the Floor Pivots and input in the numbers being used by mypivots I guess.
dgregor5
11-27-2007, 10:22 AM
Another question on pivot points.
I use specific timeframes for pivots (YM futures). When operating from 5 min, 10 min or one hour bars (in fact any time frame) I get the same pivot points for each time frame (& the values are what I expect). However, when using tick charts (e.g. 34 ticks per bar) I get different values for the pivots - not hugely different, but different.
Any ideas on why this would be the case along with recommended corrective actions.
thx
DG
NinjaTrader_Josh
11-27-2007, 02:41 PM
Check the OHLC data points on the various time frames and then compare it to the OHLC of the tick chart. The only reason the calculated pivots will be different is if the data is different.
To compensate you will need to either find the session begin/end times that will make the data the same or you can just simply use the Floor Pivots version and input in the HLC values.
amenlo9
01-28-2008, 10:09 AM
is it possible to create weekly and monthly pivot with SR as well?
NinjaTrader_Josh
01-28-2008, 11:46 PM
The newer NT default pivots allows you to choose weekly/monthly as an option when you load the indicator.
amenlo9
01-31-2008, 08:59 PM
i got it!thanks for help
NinjaCustomer
02-25-2008, 11:58 AM
anyone know why the floorpivots indicator doesn't work with 6.5 on Range Charts?
also 6.5 pivots standard indicator also exhibits this behaviour.
Is there some switch I need to set?
or if I have to modify code, what should I be looking at modifying exactly? I mean what is the reason it doesn't work on Range charts?
NinjaTrader_Ray
02-25-2008, 12:03 PM
Please make sure you are on the latest Beta. The pivot indicator implementation has changed. If you use the "DailyBar" option in the new pivot indicator and your connection provides historical daily data, it will work as expected. Otherwise, on range bars it will not work as expected since the nature of range bars means that the intraday calculated open/close prices of the sessions can be off since a single range bar can span a session break.
More information on pivots - http://www.ninjatrader-support.com/vb/showthread.php?t=4676
NinjaCustomer
02-25-2008, 12:12 PM
yes but I only want to use it using custom HLC values...
what do i need to modify in the code to get it to work? if you can't provide specifics, at least perhaps just point me to the correct area?
NinjaTrader_Ray
02-25-2008, 12:31 PM
To confirm -
- You are on Beta 9
- You are using the latest Pivots indicator
- You have selected user defined values
--> This does not work as expected? If this is correct, what is the behaviour you are seeing?
NinjaCustomer
02-25-2008, 12:43 PM
yes beta 9... user defined...
but what is "latest pivots indicator"? I was testing the one included with beta 9.
also floor pivots from this site doesn't work either on range bars.
I am just not seeing any lines drawn at all... if I switch to 1m or tick I see them.
NinjaTrader_Ray
02-25-2008, 12:49 PM
The latest indicator is part of Beta 9. Please remove it from your chart completely and add it back.
There is a new parameter "PriorDayHLC" --> Select "UserDefinedValues". This will work. I responded to your other post regarding range bars.
NinjaCustomer
02-25-2008, 12:57 PM
to clarify... I am only concerned about Range Charts in these posts. I thought that you were saying these new pivots indicators should work with user-defined values also on Range Charts.
Now I am thinking that you are saying they would not.
In that case need to know, what is the reason that user-defined values are not able to generate Pivot lines? It seems to me like it shouldn't matter what kind of chart it is, if the high low close values are manually inputted, after all it is just drawing lines on the chart.
If I know this then it will save me a lot of effort trying to fix the code to get it to work.
NinjaTrader_Ray
02-25-2008, 01:32 PM
It should work on range charts. Please remove indicator and add it back to a chart and try again. It works as expected here on range charts.
NinjaCustomer
02-25-2008, 01:43 PM
strange, appears to work on a "none" template range chart.
I will have to try and figure out why it doesn't work on a chart with my usual templates.
maybe I just need to ditch my chart and open a new one... I just tested a new chart with my usual template and it works.
RK_trader
04-21-2008, 10:52 PM
Thanks Josh for the indicator contribution.
Would it be possible to plot session based pivots on an intraday chart ,based on user input Session values (like 9:30-12:00 for example). Say like for example on a 610 tick chart, plotting pivots based on morning session. If it would be possible to enhance this (if its a minor code change) to pass session parameters, I would appreciate it.
Thanks
RK
NinjaTrader_Josh
04-22-2008, 12:59 AM
I don't remember exactly, but I do think there are several further enhanced versions floating around somewhere. Try taking a look in the file sharing section and discussion areas for any other ones. I vaguely remember one that does something similar to what you want.
capstone
06-11-2008, 11:41 AM
Been using it fine till the upgrade . The lines are now overlaying on top of each other.
Any idea why ?
Also is there a FibPivot for Ninja ? Thought I ask as users are stuck with many standard indis on NT platform .....Hmm....
Thanks
SteveM
07-29-2009, 09:45 PM
Can some one help me with setting up the values of Floor Pivots. I have downloaded the indicator but when I put in 130, 131 and 129 as the values, it is not showing on my chart.
Please advise.
Thanks
NinjaTrader_Bertrand
07-30-2009, 05:07 AM
SteveM, which indicator did you download exactly? Please try the per default supplied 'Pivots' indicator in NinjaTrader.
SteveM
07-30-2009, 09:04 PM
I downloaded the indicator from the list of indicators from this forum under the label "Floor Pivots". The values of this indicator while adding it on to the chart is Zero. I am unable to find what is the right number for these correct pivot points.
SteveM, which indicator did you download exactly? Please try the per default supplied 'Pivots' indicator in NinjaTrader.
NinjaTrader_Bertrand
07-31-2009, 05:28 AM
Did you try the default 'Pivots' indicator supplied per default with NinjaTrader? Does this work as expected? Which instrument and datafeed are you using? If you don't have access to daily data, please ensure the Pivots are set to calculate from intraday data.
SteveM
08-02-2009, 08:53 PM
I downloaded teh indicator from the forum and the explanation that went along was of the 129, 130 and 131 as the values to be put in and when I put in those values, nothing was showing on the chart.
Did you try the default 'Pivots' indicator supplied per default with NinjaTrader? Does this work as expected? Which instrument and datafeed are you using? If you don't have access to daily data, please ensure the Pivots are set to calculate from intraday data.
NinjaTrader_Bertrand
08-03-2009, 06:12 AM
SteveM, I'm still not sure what exactly you're referring to, for the Pivots to be calculated properly you would need to input the correct daily High / Low and Close values if you choose to input them manually, otherwise leave the 'UserDefinedValues' input at 0.
http://www.ninjatrader-support.com/HelpGuideV6/Pivots.html
SteveM
08-03-2009, 07:34 AM
When I leave the input to be Zero, I get nothing on the chart. there are no Res / Sup lines on the chart at all. I am wondering how to put the numbers. I definitely know where the numbers would come from but as I am trading in Currency Futures and that is a 24 hour market, how to be able to find what is the open and close of the day.
Thanks for your help.
SteveM, I'm still not sure what exactly you're referring to, for the Pivots to be calculated properly you would need to input the correct daily High / Low and Close values if you choose to input them manually, otherwise leave the 'UserDefinedValues' input at 0.
http://www.ninjatrader-support.com/HelpGuideV6/Pivots.html
NinjaTrader_Bertrand
08-03-2009, 07:39 AM
SteveM, for the currency markets you would need to set a time for the closing open etc to happen, people normally use the regional (London, New York, Tokyo) market hours for this. Which connection / broker are you using? If you're using for example Gain please try to switch the Pivots to 'CalcFromIntradayData' in the inputs. Thanks
SteveM
08-03-2009, 03:20 PM
Thanks for your input. I am using AMP traders as my brokers and they are in Chicago.
Please do guide me. Will the closing be at 4.15 EST and if yes, then what should be the opening time. Is it the exchange opening time, ie: 9.30 EST or the switch over of the midnight time ??
Thanks for all your support. I sencerely appreciate it.
SteveM, for the currency markets you would need to set a time for the closing open etc to happen, people normally use the regional (London, Neq York, Tokyo) market hours for this. Which connection / broker are you using? If you're using for example Gain please try to switch the Pivots to 'CalcFromIntradayData' in the inputs. Thanks
NinjaTrader_Josh
08-03-2009, 03:47 PM
SteveM,
The indicators would be based off of whatever session you define for your chart. If you define your session to begin at 9:30 then that will be when the indicator begins. If you define it to start at midnight then it will start there.
You would want to select a session time frame for the particular instrument you would be trading based on the exchange time frames for that instrument.
SteveM
08-03-2009, 07:11 PM
If I am using midnight to midnight as my start to end session, then how do I make the indicator work for me ?
ThanksThe indicators would be based off of whatever session you define for your chart. If you define your session to begin at 9:30 then that will be when the indicator begins. If you define it to start at midnight then it will start there.
You would want to select a session time frame for the particular instrument you would be trading based on the exchange time frames for that instrument.[/quote]
NinjaTrader_Bertrand
08-04-2009, 05:12 AM
SteveM, this is tied to your local PC set timezone. So if you want to start the session at 9 in the morning, then 9:00 AM as Session begin time, vice versa for the Session end time.
SteveM
08-05-2009, 05:44 AM
Thanks for the input and your help. Appreciate your help.
SteveM, this is tied to your local PC set timezone. So if you want to start the session at 9 in the morning, then 9:00 AM as Session begin time, vice versa for the Session end time.
Scott.Eklind
08-05-2009, 02:58 PM
I'm new to pivots, and can only get the Pivot indicators ('Pivots' & 'Pivot Points Enhanced') to work on minute (60, 30, 15, etc) charts.
Can I get pivot points for my daily charts?
Thank you.
NinjaTrader_Josh
08-05-2009, 03:04 PM
Pivots are generally for intraday charts only.
Scott.Eklind
08-05-2009, 03:12 PM
Thank you very much... that's what I was starting to assume.
Pivots are generally for intraday charts only.
gilkester
08-16-2009, 11:20 AM
Thank you very much
rockwarrior
03-18-2010, 08:17 AM
Hi. I'm trying to use the pivot indicator on NT for ES, but the values are not right. I've used the PriorDay OHLC and the value for the prior session are all correct.So I dont understand why all the pivot indicators that I used gave me wrong values. They dont work on CalcFromIntradayData and dailybars optins, only in userdefined values. I'm from Portugal and in chart sessions time i've put end: 20h15 and begins: 20h30.
Thanks for the help
NinjaTrader_Bertrand
03-18-2010, 08:44 AM
Welcome to our forums - you would need to enter the correct session times, you just entered a 15 min session window, thus values would be off compared to the manual ones you entered.
http://www.ninjatrader-support2.com/vb/showthread.php?t=4676
rockwarrior
03-19-2010, 04:16 AM
Even when I put end session: 20h15 and begin session: 20h15. The problem is the same. And besides that I dont understand how de indicator HLOC are right. The wrong values for support and resistence are different from the correct ones by 1 or 2 points...so the difference is not mutch...it's something very litle that is not right...
NinjaTrader_Bertrand
03-19-2010, 07:48 AM
rockwarrior, to which values are you comparing? The CurrentDayOHL and PriorDayOHLC would 'grab' their relative times from the session begin and end times as well.
rockwarrior
03-19-2010, 02:18 PM
The values that the priorHLOC gives me are right. it was just a test to see if the NT could recognized the right values to do the calculations...So i dont understand why the pivot indicator dont use the right values...
What times should i put in the end and begin session?
NinjaTrader_Bertrand
03-19-2010, 02:33 PM
For example to calcuate the pivots for the cash (RTH) session, please try entering session begin 09:30 to session end 16:15, all times EST and if you're PC time is not set to this timezone you would need to adapt them accordingly.
This will become more convenient with NT7's session manager in the future -
http://www.ninjatrader.com/webnew/NT7/NinjaTrader7.html
rockwarrior
03-19-2010, 03:32 PM
Still not working... for ES 06-10 the normal valus are: R1-1164,75; PP- 1160,50; S1-1157,00. But my pivot indicator says that: R1-1163,92; PP-1160,08; S1 - 1156,92 !!!! The session end at: 20h15 (16h15 EST) and it begins at: 20h15.
Because the values area almost correct it's just a tiny thing that's wrong...
NinjaTrader_Josh
03-19-2010, 04:56 PM
rockwarrior,
Pivots in 6.5 are calculated based off of the data on your chart. Should you find discrepancies you would have to check the actually processed data. When you compare against other sources for pivots if you are not using the exact same data set then unfortunately it will be slightly different in calculation.
rockwarrior
03-19-2010, 05:12 PM
I inderstand, but then why in the priorday HLOC indicator all the values are correct?
NinjaTrader_Ben
03-21-2010, 12:06 PM
Hello,
It is likely because the data points on your chart just happen to line up with whatever you are cross checking your pivots with.
rockwarrior
03-23-2010, 07:05 AM
From all the kinds on pivot points (classic, woodie, camarilla, ******)i can't figure out the best ones to use on ES for daytrading... Which is (are) the one that works better to identify levels of support and resistance?
regards
forexample
12-27-2010, 10:29 PM
I'm trading the forex marketn and I’m trying to find a custom Pivot indicator for NinjaTrader 7 that allows the mid point levels to also be included on the charts with the support and resistance levels.
Could someone refer me to a custom pivot indicator that simply includes the mid point levels with the standard suppor and resistance levels?
Thanks.
NinjaTrader_Bertrand
12-28-2010, 04:06 AM
You can take a look through the sharing section for NT7 related scripts - http://www.ninjatrader.com/support/forum/local_links_search.php?action=show&literal=1&search=pivots&desc=1
djkiwi
04-01-2011, 12:19 PM
Hi Guys, I am having may problems getting accurate pivot points to show and have accepted the compromise with cal from intraday bars instead of daily bars.
However there seems to be an error in your formula when calculating R3 and S3. For example using the data below from 31 March for TF (see below copied from excel) I inserted the Hi, Low, and Close into the user defined values of Ninja's Pivots indicators. The attached chart shows the correct pivots (thick bars based on the values below )and agree with the manual calculation with the spreadsheet below. The biggest issue is ninjas S3 and R3 (blue and red lines) which seems to be way off what they should be. Can somebody please check the formula and see what the issue is? Thanks. DJ
TF
1-Apr
Data:
Open 838.8
Hi 843
Low 836.3
Close 841.8
Formulas:
PP 840.37
S1 837.73
S2 833.67
S3 831.03
R1 844.43
R2 847.07
R3 851.13
Calculations:
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
Resistance 1 = 2 * Pivot - Low
Resistance 2 = Pivot + (R1 - S1)
Resistance 3 = High + 2*(Pivot - Low)
NinjaTrader_Bertrand
04-01-2011, 12:24 PM
dj, it seems you're referencing a different S3 / R3 formula - the one the default NT indicator uses is listed here - http://www.ninjatrader.com/support/forum/showthread.php?t=4676
djkiwi
04-01-2011, 01:34 PM
Thanks Bertrand. That explains it although I'd be interested in your reference for this. I'm not saying it's wrong but I've not seen your calculation in any literature on pivots.
Anyway another issue I was hoping you could clear up that is causing some bother. I want to show retail pivots on a 24/7 charts. The problem is the pivots seem to calculate based on the session template. So if I select nymex energy RTH session template it gives me the pivots I want but then only shows the retail session.
Thanks again
DJ
forexample
04-01-2011, 09:47 PM
Why can't NinjaTrader simply include the Midpoints in their Pivots indicator?
C'mon, how hard can that be?
I've looked at the other indicators posted on the forum. They either require manually entering the prior day's high, low and close values, or come with way too many "bells and whistles."
Every forex chart package I've seen (free charts) simply has the midpoints included in their Pivot indicators?
You're killing me.
NinjaTrader_Brett
04-03-2011, 11:02 AM
Hello,
Midpoints could be added into NinjaTrader very easily with custom coding if you need this functionality as this is the power with NinjaTrader is the ability of flexible charts. I will send this into development however as a user requested feature and get a tracking number for you.
Also, DJWiki you can also have the pivots indicators calculations modified by changing the formula of the strategy if you need a different calculation method then industry standard.
You can contact one of our NinjaScript consultants to assist you with coding this or you can use our NinjaScript guide and forums to code this indicator yourself if you are a programmer.
NinjaScript Consultants:
http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm
NinjaScript Help Guide:
http://www.ninjatrader-support.com/HelpGuideV6/Overview17.html
NinjaTrader Support Forum:
http://www.ninjatrader-support2.com/vb/index.php
Strategy Wizard:
http://www.ninjatrader-support.com/HelpGuideV6/Overview41.html
NinjaTrader_Brett
04-04-2011, 11:28 AM
Hello,
This has been added to our suggested list with tracking number 824.
Thanks for submitting it.
djkiwi
04-04-2011, 11:37 AM
Hi Brett, what specifically has been added? The ability to show retail pivots on different timeframes?
Thanks
DJ
NinjaTrader_Brett
04-04-2011, 01:39 PM
The tracking number I posted was for midpoints.
For your suggestion this is tracking number #831
Thanks for bringing this to my attention.
Have a great rest of the day.
mrcartel
04-05-2011, 11:12 AM
I am new and I imported the floor pivots. I entered the data for the 6E but the mid points did not appear on my chart after I hit the apply button.
NinjaTrader_Bertrand
04-05-2011, 11:34 AM
Welcome to our forums - the currently supplied per default Pivots indicator would not offer the MidPoints to be displayed unfortunately, this is on our list for the future.
Harry
04-22-2011, 09:36 AM
Have a look at the SessionPivots indicator:
-> it has an option to display Midpivots
-> it allows to choose from the two different formulas for R3,R4,S3 and S4 (settings floor and wide)
-> you can select between ETH and RTH pivots with the appropiate session template
Download Link (this forum):
http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=4&id=343
forexmania
05-02-2011, 12:37 PM
Very good indicator. Thank you.
However it does not work on EUR/USD. Have you a solution?
Have a look at the SessionPivots indicator:
-> it has an option to display Midpivots
-> it allows to choose from the two different formulas for R3,R4,S3 and S4 (settings floor and wide)
-> you can select between ETH and RTH pivots with the appropiate session template
Download Link (this forum):
http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=4&id=343
Harry
05-02-2011, 02:37 PM
Very good indicator. Thank you.
However it does not work on EUR/USD. Have you a solution?
Of course it works with EURUSD. Post your chart and indicator settings or send me a private message.
mrcartel
05-02-2011, 05:05 PM
The session pivots along with the midpoints are working for me trading the 6E
forexmania
05-03-2011, 02:31 AM
Yes 6E EUR.USD it's work well. But concerning $EURUSD (forex) no line displays
Thank all for your help
http://img840.imageshack.us/f/pivoteurusd.png/
http://img840.imageshack.us/f/pivoteurusd.png/
Harry
05-03-2011, 04:03 AM
Yes 6E EUR.USD it's work well. But concerning $EURUSD (forex) no line displays
Thank all for your help
http://img840.imageshack.us/f/pivoteurusd.png/
http://img840.imageshack.us/f/pivoteurusd.png/
Your chart shows a gap of a few hours prior to midnight, so there is some data missing. Try to reload your chart data. There might also be a problem with daily data.
Do you use the correct session template?
See chart with pivots for EURUSD below.