Dark
Theme
Light
Theme
Register
Username or Email
Username or Email
Password
Password
Forgot
Signup
Forgot
Browse
Register
Downloads / Indicators
Articles
Upgrade to Elite
Unanswered Posts
My Posts
Return to Homepage
Today's Posts
Trading Reviews and Vendors
Futures Brokers Reviews
Traders Hideout (general)
Platforms and Indicators
Trading Journals
Elite Trading Journals
Psychology and Money Management
Off-Topic
The Elite Circle
Webinars
Trading Articles
Main Trading Articles Index
Article Categories
Help, Tutorials, How-To's
Traders and Trading Methods
Platforms, Tools and Indicators
Terms (Glossary)
Article Tools
List New Articles
List Recent Article Changes
Random Article
Most Popular Articles
Category Groupings
Wanted Articles
Most Linked to from Forum
Go to Page...
Quotes
by TradingView
>
Downloads
>
NinjaTrader
>
NinjaTrader 7 Indicators
>
Categories
Show
Search
Help
Search
title and description
keywords
Advanced Search
Winning nominations
What's Hot
What's New
New Ratings
Some Random Entries
Home Category
Login to Download
Hourly Pivots - Intraday Pivots
Exported using NT Version 7.0.1000.21
The indicator calculates pivots from any selectable period of N minutes. The first period starts with the session break. Depending on the indicator period selected the last period of the session can be an odd period. The pivots of the first period will not be calculated from the odd period, but from the full period deducted from the session break.
The default setting of the indicator is 60 minutes. With default settings the indicator will display hourly pivots including the main pivot PP, R1, R2, S1 and S2. Further levels can be added as an option.
The indicator is an easy to understand example of a multitimeframe indicator, as it loads a secondary bar series of 1-min bars, which is used to calculate the intraday pivots. The pivots will therefore always be calculated from a period of N minutes, not depending on the primary bars shown on the chart. If set to COBC = false, the pivot lines may show sligthly earlier, if applied to fast bars plotting during the first minute of the session.
Update January 21, 2012: Pivot range added. The pivots can now be aligned to the start of the trading day or the start of each session as per session template.
Update January 22, 2012: Bug removed. Please reinstall indicator.
Update February 23, 2014: The indicator did not work with datafeeds that do not plot a bar every minute during periods of lesser liquidity. Changed the architecture of the indicator and recoded it entirely.
Update April 28, 2018: The indicator was modified to allow for display of 1-minute pivots.
Category
NinjaTrader 7 Indicators
Details:
Hourly Pivots - Intraday Pivots
Category:
NinjaTrader 7 Indicators
February 23rd, 2014
Size: 5.11 KB
Downloaded: 1967 times
Keywords:
hourly
pivotrange
pivots
1348
Fat Tails
Comments/ratings
leonex
January 21st, 2013 09:57 AM
very useful thanks
meganer
February 9th, 2013 03:15 AM
No Comment
Buscador
April 14th, 2013 03:35 PM
Thank you, FT, very useful pivot indicator.
As always, your programming is very smart.
buddy858
June 4th, 2013 12:13 PM
Thanks!
harry737
September 28th, 2013 05:52 PM
Thanks very handy
Zondor
February 23rd, 2014 07:54 PM
Exemplary.
Shamal
February 23rd, 2014 08:54 PM
Thanks , your work is fundamental to my income.
Buscador
February 24th, 2014 12:45 AM
Thanks. This is very useful for intraday trading
Rougno
February 26th, 2014 07:22 AM
a pretty nice idea! thank's for your work
wilson619
June 28th, 2014 10:57 AM
No Comment
Page 1 of 2
1
2
>
Sort by
Date created (ascending)
Date created (descending)
Username
futures io is now NexusFi
Trading Webinars How-to's
Trading Reviews & Products
Legends Trading (Prop Trading)
NinjaTrader Brokerage (Broker)
Markets Chat (Trading Rooms)
Ninja Mobile Trader (Server Hosting)
Apex Trader Funding (Prop Trading)
Tradovate (Trading Platform)
NinjaTrader (Trading Platform)
SharkIndicators (Trading Software)
© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.