TradeStation - ACD Daily Pivot
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ACD Daily Pivot
ACD Daily Pivot for TradeStation v1.0

Works on at least TradeStation 9.0 and later

Description:
Plots the ACD daily pivot. Allows the option of choosing either the ETH session or RTH session range.

Usage:
The indicator plots the daily pivot as described in Mark Fisher's book, The Logical Trader. Fisher's subscription service uses the RTH high and low to calculate the daily pivot along with the exchange close. This indicator does that and at the same time allows the option to use the ETH session high and low instead of the RTH session. The close used by the indicator is always the exchange close which is usually reset by the exchange, and is usually different than the last print for the session, between the ETH session close and the next ETH session open.

Works on the following chart types:
  • Time Only. It might work on the other chart types but it might be inaccurate.

Input Parameters:
For session start times, use the bar time of the first bar in the session. This would vary depending upon the interval of the time chart. For instance, for CL, in a 1 min chart, the first RTH session start bar would be 801 whereas in a 5 minute chart, the first bar would be 805. To get theoretically accurate values, the correct session start and end times must be specified.
  • ETHStart- Time in HH24MM format (eg: 0800 for 8 AM and 1600 for 4 PM) specifying the ETH session start
  • ETHEnd- Time in HH24MM format (eg: 0800 for 8 AM and 1600 for 4 PM) specifying the ETH session end
  • RTHStart- Time in HH24MM format (eg: 0800 for 8 AM and 1600 for 4 PM) specifying the RTH session start
  • RTHEnd- Time in HH24MM format (eg: 0800 for 8 AM and 1600 for 4 PM) specifying the RTH session end
  • UseETH_1OrRTH_2- Specify 1 to use ETH session or 2 to use RTH session
  • ShowPivotPoint- Specify True to show the daily pivot point (in addition to the range), False to hide it.

Change Log:
  • 02/15/2014 - v1.0 - Initial Upload


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Details: ACD Daily Pivot
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February 15th, 2014
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