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****** Pivots indicator

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    ****** Pivots indicator

    Can anyone share or code this indicator for me?...****** Pivot Points
    ****** Pivot Points were developed by Tom ****** and are entirely different compared to other pivot points. For ****** pivot points, the main pivot point is not significant. Only the R1 and S1 pivot levels are significant. However, the calculation for R1 and S1 differs depending on whether the previous period's close was higher, lower or equal to the previous period's open. If the close was higher, then the high is given more weight; if the close was lower, then the low is given more weight; and if the close is the same as the open, then the close is given more weight. For each of these conditions, the X is calculated and R1 and S1 are determined by using the formula:
    X / 2 - previous low and X / 2 + previous high
    for R1 and S1 respectively.
    If the previous period's close is higher than the open that is the previous period closed up on the open then X is calculated using the formula:
    ( 2 x previous high ) + previous low + previous close
    If the previous period's close is lower than the open that is the previous period closed down on the open then X is calculated using the formula:
    previous high + ( 2 x previous low ) + previous close
    Finally, if the previous period's close is at the same level as it's open then X is calculated using the formula:
    previous high + previous low + ( 2 x previous close ) or here-




    ****** uses a magic number X to calculate the upper resistance level and the lower support.
    He calculates X as follows:

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

    If Close > Open then X = ((High * 2) + Low + Close)

    If Close = Open then X = (High + Low + (Close * 2))

    Using X as reference point, he calculates the resistance and support as follows:

    Upper Resistance level R1 = X / 2 – Low
    Pivot Point = X / 4

    Lower support level S1 = X / 2 – High

    #2
    Hello jvr421,

    I appreciate your post & interest in NinjaTrader.

    I wanted to briefly mention that the NinjaTrader Support is not able to custom code for clients, however, this thread will remain open for the community to assist you.

    Also, if you do find that you would like to contact a professional NinjaScript Consultant to create this script for you below I am adding a publicly available link to a list of NinjaScript Consultants.
    http://ninjatraderecosystem.com/Part...ultants.php#81

    Please let us know if we may be of any further assistance.
    DanielleNinjaTrader Customer Service

    Comment


      #3
      I can add it as another option to the SessionPivots indicator, which is in the download section of the forum. Probably an hour of work. Pivots can be calculated from the regular or the full session.

      Comment


        #4
        Who is ****** ?

        Comment


          #5
          Originally posted by sledge View Post
          Who is ****** ?
          A very litigious market technician who has published a lot of his work, but will then send many high-priced lawyers after you if you actually use (the published information) in any public manner, like on a website or forum.

          He is so infamous that fora routinely block out his name (just like they do swear words), just to avoid the hassle of dealing with him. See how you cannot see his name here on the NT Forum?

          Comment


            #6
            www.marketstudies.com

            I personally prefer floor pivots or Globex pivots.

            Comment


              #7
              Originally posted by Harry View Post
              I can add it as another option to the SessionPivots indicator, which is in the download section of the forum. Probably an hour of work. Pivots can be calculated from the regular or the full session.
              Hi Harry, Is this something you see adding in the near future?
              Thanks and Hope you have great new year!

              Comment


                #8
                Originally posted by newbie0101 View Post
                Hi Harry, Is this something you see adding in the near future?
                Thanks and Hope you have great new year!
                No problem to do this, but then eventually running into copyright problems just for coding a variation which is actually worse than the standard floor pivots indicator.

                What are you going to do with it?

                Comment


                  #9
                  Originally posted by Harry View Post
                  No problem to do this, but then eventually running into copyright problems just for coding a variation which is actually worse than the standard floor pivots indicator.

                  What are you going to do with it?
                  Was going to look at it on a chart.
                  No big deal did not realize was problem. After all you are the one that brought up the fact about adding it, I was just inquiring. Not to mention I was just passing thru this thread and said "hey,cool" again no bigee, for me anyway not sure about the person that originally requested it?
                  Thanks
                  Last edited by newbie0101; 12-26-2014, 03:32 PM.

                  Comment


                    #10
                    This indicator is outdated can you please update this ??
                    Sessionpivots V43 is not compatible with NT8

                    Comment


                      #11
                      Hello JN999,

                      Welcome to the NinjaTrader forums!

                      This thread will remain open for Harry to respond to.
                      Chelsea B.NinjaTrader Customer Service

                      Comment


                        #12
                        Originally posted by NinjaTrader_ChelseaB View Post
                        Hello JN999,

                        Welcome to the NinjaTrader forums!

                        This thread will remain open for Harry to respond to.

                        I am sorry for my late reply. I did not notice that there was a post in this thread. Actually, the SessionPivots V43 were a bundle of 6 indicators for NinjaTrader 7 including

                        - daily, weekly, monthly pivots (GLOBEX or floor pivots)
                        - daily, weekly and monthly high/low/close with Fibonacci retracements
                        - daily weekly and monthly range projections (noise bands, expansion bands and ADR projections)

                        We have mostly converted them to NinjaTrader 8, but not posted here in the forum. Please feel free to send me a message or post here, if you have specific questions.

                        Last edited by Harry; 10-10-2021, 11:02 AM.

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