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I am new to this forum and consider myself an intermediate level trader. I began learning to trade the spot Forex in 2003 and have since left that market. Though I did not lose money when trading live, I was not happy with the spot Forex's lack of regulation.
I am now currently reading Frank Ochoa's book, "Secrets of a Pivot Boss" and would like to know if anyone has coded the indicators that he has provided in appendix b. His provided code is for Omnitrader and is apparently VBA. My understanding is that NT is coded in C# so the code would need to be converted.
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
Fat Tails coded a daily pivot indicator (anaPivots v38). I can not code, but I was able to modify his indicator to produce what I wanted to see. I combined the pivot range with the Camarilla pivots as I found that to work well with NQ. I have not tried this indicator with ES so I can not speak to how well it works with that instrument, but I suspect it will work well. In the zip file are 2 indicators....Fat Tails original v38 one and my modification. Mine will not work without his being installed....I am not proficient enough at reading code to figure out why. Once my indicator is loaded, select Camarilla pivots and calculate from intraday data....enjoy
My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
I also just want to say that I found it easier to trade the Pivot Boss method using Sierra Charts....it has a volume value area lines indicator that does a good job and it has a pivot indicator that can do both the central pivot range (it is calcuation 16 on the daily pivot indicator) and the Camarilla pivots (calculation method 5). I don't know if your broker can use Sierra Charts, but I would suggest if you can use it, that you do......just my 2 cents....
My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
I am happy that you replied since it was your posts that encouraged me to try to find an indicator for ninjatrader to try out Frank's ideas on. I am preparing to start training with another trainer later this year and she uses ninjatrader exclusively with her methods since she is a programmer and has already written code for her methods into ninjatrader.
However, I also like what Frank has done with pivots and I have been using them since 2003 when I was trading the spot Forex market. I have left that market and am starting over since I lost my career in 2004 and have lost everything I owned. I have been fortunate to have been able to continue to practice trading with demo accounts even when I had to liquidate my live account back in 2005 just to live on.
I am just turning 60 next month and have two grandchildren and a 13 year old daughter that I would like to be able to do things for. So I am maintaining my focus on establishing my trading business.
When I first began trading I was encouraged to define what kind of trader I was (ie, scalper, swing trader, intraday, etc.)
I was also instructed to find one method and within that method - one trade setup that fit my personality and master it before trying a different setup or adding other strategies. That was some of the best advice I have ever been given. Perhaps you will find it of some value as well.
OK, I have the indicator now. Thank you for the help.
Trade well and may you and your family be blessed richly,
Thank you for your service and welcome home brother,
Michael
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248
Flyswatter
Thanks for your previous post.....here are some developing value area indi's for NT......find the one you like and use it profitably.....I know one of them came from Gabriele but I don't remember which.....
I could not figure out how to do Frank's central pivot range histogram so I emailed him. He said to divide the central pivot range value by the value of the pivot and then multiply by 100. This normalizes it to a value between 0 and 100....and then use his guidelines from the book. It works ok for giving a heads up for the day, but not 100%
My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
I have been using the CalculateDevelopingValueArea that says it is based on the Larry Levin's 70% of yesterday's trading range - which is what I was looking for. It includes POC but not VWAP.
There is a version of CalculateDev that says it has VWAP but I cannot see where it thinks it is showing it.
Anyone have an opinion on these others and which would be considered the best?
