Woodies Pivots Ninjascript

[shogunforlife]

Does anyone know where I can find the Woodies Pivot ninjascript or the formula used to draw the Pivot lines?

I can't seem to locate the Woodies ninjascript indicator in the Ninjascript editor.
Also when I try to draw lines conforming with:
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + (TODAY'S OPEN * 2)) / 4
S1 = (2 * PP) - HIGH
S2 = PP - RANGE

It does not line up with NT8's pivot lines

Thank you,
Shogunforlife

[NinjaTrader_PaulH]

Hello shogunforlife,

Thanks for your post.

The Woodies Pivots indicator is not open source and is not available in Ninjascript. You can try a search of the internet for the formulas.

The NinjaTrader Pivots indicator uses the pivot point (PP) as yesterdays (High + Low + Close) / 3. You can review the open source Ninjascript for the Pivots indicator.

[shogunforlife]

Hi Paul,

Thanks for letting me know that it is not open source.

I did search the internet for the formulas and there seem to be a few of them floating around, yet none of them line up with what Ninjatrader is using. Very strange.

Anyway, I am wanting to incorporate Woodie's Pivots in a strategy and not sure how else I can do this in NT8.

Do you have any suggestions?

Thanks,
Shogunforlife

[NinjaTrader_PaulH]

Hello shogunforlife,

Thanks for your reply.

You can include woodies pivots in your strategy the same as any other indicator.

Here is an example where we are looking for the Close data to cross above the R2 pivot.

			else if (State == State.DataLoaded)
			{				
				WoodiesPivots1				= WoodiesPivots(Close, NinjaTrader.NinjaScript.Indicators.HLCCalculationModeWoodie.DailyBars, 20);
			}
		}

		protected override void OnBarUpdate()
		{
			if (BarsInProgress != 0) 
				return;

			if (CurrentBars[0] < 1)
			return;

			 // Set 1
			if (CrossAbove(Close, WoodiesPivots1.R2, 1))
			{
                          // do something
			}
			
		}

In the above example code (generated by the strategy builder) you could replace R2 with any of the pivots plots.

[woodie1]

woodies pivot

my pivots use YEST HIGH AND LOW , todays OPEN TWICE...DIVIDE BY 4 = WOODIES PIV

This gives the pivots a better representation of the over night change of market mechanics. this is reason very popular by traders as all others rely on old data from yest, and not the change of overnight.