Re: Prior Day OHLC Indicator

[Antraman]

Thanks, a very useful indicator.

1. How does it measure previous day...by date counter, or by "Session Begins" and "Session Ends" in Chart/Properties?

2. Would it be too much to add to it to make a new indicator called Pivot Points, showing Resistance 1 and 2 and Support 1 and 2 lines based on previous session's HLC?

Pivot Point = (H + L + C)/3
Resistance1 = (2 x Pivot Point) - L
Support 1 = (2 x Pivot Point) - H
Resistance 2 = Pivot Point + (H - L)
Support 2 = Pivot Point - (H - L)

thanks for great support with charts!

Antraman


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[NinjaTrader_Ray]

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1. Date, then session times
2. If I have time I will try and do something here

[Antraman]

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Thanks.0

[Antraman]

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Gee, you guys are on the ball - PIVOT POINTS already in the latest version!

Hows that for fast!!!

thanks

Antraman


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[Trillion]

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I have found pivot points to be very helpful. I was wondering ninjatrader when you mention date, then session times what do you mean? Is it going to make an impact for traders in other time zones?

Steve

[NinjaTrader_Ray]

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I mean that sessions are only available intraday not across two days. So if you are in set session time to be US Equitiy markets and you are in the Pacific Rim, you would need to reset your PC clock to a US time zone so that the session does not span across two days.

[Antraman]

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I've had some measure of success with this option. Firstly I had to go into safe mode to be able to change my time zone, as in normal mode, Windows XP would not allow a change of TimeZone in the Date/Time settings dialog.

Secondly, the Session Begins/Ends times DID change on my charts but not quite to the time that I was hoping, and now I am finding it unable to change again. It seems the Session times are pegged to a chart template, regardless of how many more days data I download in the new time setting.

If I delete just the problem templates that I was using in the charttemplates folder (except default), will this allow me to open a new chart of the same period and have the new session begin time?

Antraman
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[Antraman]

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Uh oh! This can't be good...any suggestions how to fix? I've been reloading historical data at ever longer periods, it always freezes on 27March. I also tried changing intervals and deleting templates and making new ones. Didn't help. Isn't there some file I can kill so I can start anew?

cheers,

Antraman


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[NinjaTrader_Ray]

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NinjaTrader.mdb

[Trillion]

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At the moment I have been getting 2 different PP's within the one trading 'day' for the E-mini - as ninjatrader said I would have to change my pc time to avoid this happening. Also, it seems that with the OHLC indicator is only the date in my time zone, not the Emini start time to calculate OHLC.

Having seen the problems antraman ran into, I have been a bit apprehensive about going into safe mode to change time zone (and this could be laborious as I trade markets in US, asian and European time zones daily). Is there any other method of fixing this?

Is it possible to have the OHLC and PP indicators use only cme (as an example) time to calculate or make an option to make it easy if trading multiple time zones (especially since european and US markets are open at the same time!).

Otherwise, is there a method of conveniently changing time zones in ninja program for instruments?

[Antraman]

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Actually what would be nice is to have a manually placeable, automatically scaling PP, where you can place your first point with the first click, and the finish point with your second click, like with the Fibs.

cheers,

Antraman


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[yimbot]

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Most Forex traders use the full set of 9 pivot points (S2 M1 S1 M2 PP M3 R1 M4 R2). More info on these can be found here:

http://en.wikipedia.org/wiki/Pivot_point_calculations

http://forexinterbank.com/pivots.php

http://www.metastocktools.com/MACDH/Forex.htm

Generally, I calculate and plot these at midnight EST. How would I go atsetting this upin NT?

[NinjaTrader_Ray]

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You would have to custom code an indicator. See the help guide.

Ray