NinjaTrader 8 Indicators and More - Hourly Pivots (amaPivotsHourly)
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NinjaTrader 8 Indicators and More
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Hourly Pivots (amaPivotsHourly) 5 *
Version 1.0 January 14, 2019

The Hourly Pivots indicator applies the calculation used for daily floor pivots to intraday time frames. The indicator displays pivots for any selectable period of N minutes. All pivots are calculated from the high, low and close of the prior N-minute period. The pivots can be displayed as floor pivots, wide pivots or Fibonacci pivots. The indicator further plots the pivot range, which is a value area derived from the prior N-minute period.

The default setting of the indicator is 60 minutes. With default settings the indicator will display hourly pivots including the Main Pivot PP, Central Pivot CP, Directional Pivot DP, Pivot Range, R1, R2, R3, R4 S1, S2, S3 and S4. The first period always starts with the daily session break. Depending on the period selected, the last period of the session may terminate before completion. It will not carry over to the first period of the next session.

Pivot range: The pivot range is the range between CP and DP. It is a symmetrical range around the main pivot PP.

Prior high, low and close: The indicator also displays the high, low and close for the prior N-minute period. These levels often act as support or resistance for the consecutive N-minute period.

Pivot formulas:

All options: H = prior day high, L = prior day low, C = prior day close, X = H - L
Main Pivot: P = (H+L+C)/3
Central Pivot: CP = (H+L)/2
Directional Pivot: DP = 2*P - CP
Floor Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R1 + X, S3 = S1 - X, R4 = R3 + (P-L), S4 = S3 - (H-P)
Wide Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R2 + X, S3 = S2 - X, R4 = R3 + X, S4 = S3 - X
Fibonacci Pivots: R1 = P + 0.382*X, S1 = P - 0.382*X, R2 = P + 0.618*X, S2 = P - 0.618*X, R3 = P + X, S3 = P - X, R4 = P + 1.382*X, S4 = P - 1.382*X

Category NinjaTrader 8 Indicators and More 
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Details: Hourly Pivots (amaPivotsHourly)
Category: NinjaTrader 8 Indicators and More 

January 22nd, 2019
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Keywords: fibonacci floorpivots high hourly low pivots resistance support


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