Pls fix....thnx
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Pivots and Prior Days OHLC Problem
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Pivots and Prior Days OHLC Problem
Looking at a YM chart (OpenTick) set to 24 hour data. The PivotPoint and Prior Days studies are computing for today(Monday) based on the Sunday night session (open through 12 midnight), rather than based on fridays data.
Pls fix....thnx
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O.K. thnx. That renders those 2 critical studies, for me, unusable at present. In my view this should be a high priority for traders to want to define session times to correspond with exchange traded hours. And with flexibilty to use "RTH' session only as well as combine "Overnite" and RTH sessions. Traditionally the pivot point study was always calculated (pit traders) on the RTH session hours only. Ideal would be to have total flexiblity (i.e. calculate pivots with RTH data but on Combined session or RTH charts) I believe Esignal and Ensign allow this to be user definable.
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Just putting a vote in for fixing this also. Having accurate pivot numbers is critical and the pivot #'s between ESignal and Ninja Trader just do not match at this point. So I have to use Ninja Trader for some chart stuff and ESignal for other chart stuff.
For example today, the ER2 pivot # in ESignal is 847.8 but its 848.3 in Ninja Trader
I've been doing some further reading on this and I think I understand why it is not that easy to "fix". Stock pivots are easy. Closing time is always the same. Futures pivots are not easy because closing times are different. ESignal handles this I believe by having a time parameter of "regular hours" and behind the scenes their software knows the regular hours for each of the futures symbols. Chapter 7 in John Carter's book "Mastering the Trade" has a good explanation of the correct way of calculating pivots for futures symbols. A link for the CME products and their settlement prices is http://www.cme.com/trading/dta/hist/....html?type=idx This link could be used to verify that the correct prices are obtained when working on an updated version of the pivot indicator. CBOT also has a web site link for the E-Mini Dow futures product.
Hopefully this additional info helps in terms of what is needed for correct pivot #'s. Also, there are 4 other things really needed in relation to the pivot indicators:
1) Weekly pivots (uses data at the end of the prior week)
2) Monthly pivots (uses data at the end of the prior month)
3) Ability to have more support/resistance points (S3/R3/S4/R4)
4) Ability to enable/disable midpoint resistance levels on the daily pivot numbers (people that trade off pivots a lot use these midpoint #'s but people that don't use them as much wouldn't want them). Thus the desire to have this a user option
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Yes, user defined inputs or you have to write an indicator that retrieves values from some other source.
Remember, NinjaTrader is not a market data vendor so we do not have "behind the scenes" access to floor settlement prices and thus we can only base pivots off of historical data/session times.RayNinjaTrader Customer Service
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