This study will show pivot points on a chart using the standard tradestation pivot logic. It will show when there has been a Higher Low or Lower High. A filter can also be applied to print only the pivots that form in the direction of the surrent trend.
The IBFX Daily Pivot Indicator draws the daily Pivot, Support and Resistance Levels at upper right corner of the chart. The indicator will also draw the lines on the chart. Resistance lines are shown in red and Support lines are shown in green.
I'm using this on a 5 minute chart. I am not sure of its usefulness on anything smaller.
You'll need a semi-wide right margin to see the text, or you can edit the indicator itself if you want to adjust that. v-d1..v-d5 just represents how many days back the line represents, I have it set to do a 5-day rolling action now.
All the lines are drawn ahead of time and do not change intraday.
The premise behind this indicator is to capture the overbought and oversold conditions of CCI, and then draw trend lines on the chart representative of the turning points.
It is designed for Range or Renko charts only.
The lines are drawn in realtime and do not change. They are drawn as soon as a bar closes where the CCI has pivoted to/from an overbought/oversold area, so you get instant feedback.
The idea is the top (resistance / blue) represents the top of the normal trading range. Price will normally bounce off this resistance area and move lower. The bottom (support / red) represents the bottom of the normal trading range. Price will normally bounce off this support area and move higher.
When price does break through either S/R area, it tends to make new highs and lows (ie: breakout).
Guys, I'm posting this here because I find it to be an absolutely fantastic pivot indicator. this is the version for Ninja 6.5.
Exported using NT Version 6.5.1000.14, will not run on NT 7
Give all credit and thanks (and questions) to Harry on the Ninja Trader Forum, I've been using these for quite some time and they are brilliant.
The download file reads SessionPivotsV5b, because is it automatically renamed by the forum software, inside you will find version 8.4
Family of Indicators for display of current day, week, and month OHLC, daily, weekly and monthly pivots.
Version 8.4 includes Fibonacci Pivots
Includes a number of options such as floor pivots, Fibonacci pivots, Camarilla pivots, Woodies pivots, VWAP of prior session and midpivots. The indicators work on fixed period, tick, volume and range charts.
Right side chart margin: Please set the right side margin under chart properties to at least 100 to allow for correct display of labels.
DailyBars mode: Quick and easy solution. If supported by your data supplier you may get the settlement price instead of the close. Sessions are only needed for locating lines horizontally. In Dailybars mode you will usually get full session pivots.
CalcFromIntradayData mode: More options, but pivots will be false, if you select the wrong session for the chart. In CalcFromIntradayData mode,
session end time under chart properties should be ideally identical with session end time chosen for the indicator (to compare convert session end time of indicator to PC clock time).
Session times: Pivots can be calculated from daily bars or from intraday data. In both modes enter session times via indicator panel to allow for correct display. For predefined markets enter session times in the timezone of the exchange, for all other markets set indicator to local mode and enter session times in the timezone of your PC clock. For predefined markets adjustment for daylight saving time will be automatic, in local mode you have to do this manually.
Supported markets: CME (ES, EMD, NQ, YM, ZB, ZN, ZF, ZT, 6A, 6B, 6C, 6E, 6J, 6S, ZC, ZL, ZM, ZS, ZW), NYMEX(CL, QM, HO, RB, NG. GC, SI, HG), NYBOT (TF, CC. CT, KC, SB) EUREX (FDAX, FESX, FGBL, FGBM), IPE (COIL, GOIL) and FOREX. For all other markets and instrument the indicator will only work in local mode.
Intraday sessions: For some special applications (Pivots based on night session, opening hour or any intraday session) you may haveto set IntradaySession mode to true to avoid 24 hour delay of display in some cases.
Example how to use: ES futures
(1) In CalcFromIntradayData mode it is recommended to set the session times under chart properties first. The session times needs to be entered in time of your PC clock. So if your PC clock is Eastern Time (New York) you would enter session begin = 4:30 PM, session end = 4:15 PM. Pivots will be accurate, if you enter session times here. For "DailyBars" and "UserDefinedValues" mode this is not required.
(2) For full session pivots (ETH) you will now enter the session times via indicator panel. This is (for CME you have to use Central Time) session begin: 3:30 PM, session end 3:15 PM, session break: 15 minutes. Full session pivots can be calculated from both daily data or intraday data. Some data suppliers use the settlement price for daily data, so you would get based pivots based on the settlement price in "DailyBars" mode.
(3) For day session pivots (RTH) you need to select "CalcFromIntradayData" mode and enter session begin: 8:30 AM, session end 3:15 PM and session break: 15 minutes.
On monday, on some futures like CAC40, DAX, pivots are not correct with Zenfire data provider. This indicator solves this problem.
(the code is based on the original Ninjatrader one).
Version:
20100118: V1
To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
This is a simple indicator which shows the various pivot levels: Pivot Point, S1, S2, S3, R1, R2, R3. It works only on a 24hour chart. You must choose your session open and session close. At present it will not work for overnight sessions. I will probably make a new one for overnight sessions as I am interested in this myself, but for now it won't work with overnight sessions.
There are pivot indicators available on the Ninja forum but the ones I found there were either overly complicated or they didn't keep the lines on the historical charts, only on the present day.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)