Market Scanner- Pivot Point Column Config

[andrewtrades]

Does anyone know how to set up a market scanner to show/alert you when an instrument is equal to or approaching the pivot point on a chart. Seems like its only showing me the the numeric value of the pivot point. Not quite sure how to make the changes.

Thanks
Andrew

[NinjaTrader_Marco]

Hello,

Thanks for posting to the forums.

NinjaTrader 8 plots a total of 7 points based on the previous high, low and close values reported by the data provider connected to NinjaTrader. Below is a breakdown of how each pivot is calculated:

• PP = (High + Low + Close) / 3
• S1 = 2 * PP – High
• R1 = 2 * PP – Low
• S2 = PP – (High – Low
• R2 = PP + (High – Low)
• S3 = PP – 2 * (High – Low)
• R3 = PP + 2 * (High – Low)

* PP = Pivot Point

While there are a number of methodologies to trade Pivots, a prime example of how day traders can possibly use Pivot Points for entry and exit signals is to short an instrument as it nears resistance levels with a stop placed just above the R1 level and a profit target placed at the PP. Or, conversely, a enter into long position as price action nears support.

Unfortunately, this works best when viewed on a chart as the numerical values are displayed in a more meaningful way on a chart, though you would still be able to take these values and create crossover alerts in the Market Analyzer.

Please let me know if I may be of further assistance.

[andrewtrades]

Yah thats what im trying to do is set up some sort of alert when it crosses over the pivot point.

[NinjaTrader_Ariana]

Hello andrewtrades ,

Thank you for your response.

What you are looking to achieve, is achievable in a Chart window. Please follow the steps below.

In this example we are using a 1 minute chart with a data series of ES 12-19.

1. Before creating this alert, be sure that the indicator Pivot is on the the chart window.
2. Right click in the chart window to retrieve the right click menu, then click on the Alerts... option.
3. Once in the Alerts window, select add on the bottom left hand corner to create a new alert.
4. In the Properties section of this alert, we are going to set the following:
   1. Check to enable.
   2. Name the alert.
   3. Set the Alert type to: "On bar close"
5. In the Conditions section we are going to set two conditions (cross above and cross below) for the desired indicator plots (ie:S1, S2, S3, etc). In this example we will only be making conditions for the S2 indicator plot, but you will be able to do the same for ever indicator plot.
6. In the Conditions section, please click the drop down to "If Any of the following conditions are met"
7. Select add on the bottom right hand corner under the Conditions section.
8. In the conditions window, Create the condition: Cross above.
   1. Set the first object to Data Series: ES 12-19(1 minute)
   2. Set the condition to Cross above
   3. Set the second object to Indicators: Pivots
      1. Under the General section under the second condition, set the Indicator Plot to S2.
   4. Click OK.
9. In the conditions window, Create the condition: Cross above.
   1. Set the first object to Data Series: ES 12-19(1 minute)
   2. Set the condition to Cross below
   3. Set the second object to Indicators: Pivots
      1. Under the General section under the second condition, set the Indicator Plot to S2.
   4. Click OK.
10. Once you have created the conditions for the desired indicator plots, you may create an action (in your case, select Play a sound) in the Actions section of the Alerts window.
11. Click OK, then close the window with the x in the top right hand corner.

Here is a link from our NinjaTrader 8 Help Guide for more information on the Alerts window:

https://ninjatrader.com/support/helpGuides/nt8/configuring_alerts.htm

Please let me know if I may be of further assistance.

[andrewtrades]

Hi Ariana,

Perfect, thanks for explaining that. So the only way i'm gonna be able to have pivot point alerts on multiple instruments is having each instrument up on their own chart and make sure that that chart never gets closed or the alerts are erased? There is no way to do this from a watch list/ market analyzer window so i can monitor a larger number of instruments?

Thanks
Andrew

[NinjaTrader_Ariana]

Hello andrewtrades ,

Thank you for your response.

This is also achievable in the Market Analyzer window. Please follow the steps below to achieve this.

In this example we will be using the Plot PP. If you are looking to create an alert for all plots (PP, S1, R1, S2, R2, S3, R3) you will need to follow these instructions for every single plot.

New Column for Pivot indicator:

1. Before creating an alert for the plot PP, create a new column for the pivot indicator (Market Analyzer > Right Click > Columns > Available > Indicator)
2. In the Indicator Properties:
   1. Select the indicator in the drop down.
   2. Select the Plot in the drop down.
   3. Under the Set up drop down, set the label to the the Indicator name and the Plot (in this example:Pivot PP)
3. Click OK, then close out the window in the x in the top right hand corner.

Creating the Alert:

Right Click in the Market Analyzer window to retrieve the right click menu. Select the "Alerts..." Option (Market Analyzer > Right Click > Alerts).

Once in the Alerts window, select add on the bottom left hand corner to create a new alert.

1. In the Properties section of this alert, we are going to set the following:
   1. Check to enable.
   2. Name the alert (name the alert what it is so in the alert log, you will be able to see what Plot has crossed over).
   3. Set the Alert to: On bar close
2. In the Conditions section we are going to set two conditions (cross above and cross below) for the desired indicator plots (ie:S1, S2, S3, etc). In this example we will only be making conditions for the PP indicator plot, but you will be able to do the same for ever indicator plot.
3. In the Conditions section, please click the drop down to "If Any of the following conditions are met"
4. Select add on the bottom right hand corner under the Conditions section.
5. In the conditions window, Create the condition: Cross above.
   1. Set the first object to Column: Ask Price, Bid Price, or Last Price.
   2. Set the condition to Cross above
   3. Set the second object to Column: Pivot PP
   4. Click OK.
6. In the conditions window, Create the condition: Cross below.
   1. Set the first object to Column: Ask Price, Bid Price, or Last Price.
   2. Set the condition to Cross below.
   3. Set the second object to Column: Pivot PP.
   4. Click OK.
7. Once you have created the conditions for the desired indicator plots, you may create an action (in your case, select Play a sound) in the Actions section of the Alerts window.
8. Click OK, then close the window with the x in the top right hand corner.

Open the Alerts Log to view what instrument and plot alerted in the Market Analyzer window (Control Center> New > Alerts Log).
Here is a link from our NinjaTrader 8 Help Guide for more information on the Alerts window:

https://ninjatrader.com/support/help...ing_alerts.htm

Please let me know if I may be of further assistance.

[andrewtrades]

That's great. Thanks a lot for your help that's exactly what i was looking for.

Andrew