NexusFi: Find Your Edge


Home Menu

 





50% Balance Point Rule


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one perryg with 34 posts (24 thanks)
    2. looks_two cory with 25 posts (15 thanks)
    3. looks_3 john5 with 22 posts (27 thanks)
    4. looks_4 Mr III with 22 posts (15 thanks)
      Best Posters
    1. looks_one john5 with 1.2 thanks per post
    2. looks_two perryg with 0.7 thanks per post
    3. looks_3 Mr III with 0.7 thanks per post
    4. looks_4 cory with 0.6 thanks per post
    1. trending_up 35,430 views
    2. thumb_up 83 thanks given
    3. group 12 followers
    1. forum 122 posts
    2. attach_file 46 attachments




 
Search this Thread

50% Balance Point Rule

  #21 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288

OK. Yes it now shows. I must now check the numbers.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Deepmoney LLM
Elite Quantitative GenAI/LLM
ZombieSqueeze
Platforms and Indicators
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
Battlestations: Show us your trading desks!
26 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
  #22 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

ok, add color, line thickness, line style, and text

4/19 clean up extra code and move text to current day

Attached Thumbnails
Click image for larger version

Name:	YM 06-10  4_16_2010 (30 Min).jpg
Views:	372
Size:	54.6 KB
ID:	11479  
Attached Files
Elite Membership required to download: BalanceLine.cs
Reply With Quote
  #23 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


looking good

Attached Thumbnails
Click image for larger version

Name:	TF 06-10  4_19_2010 (5 Min).jpg
Views:	337
Size:	72.8 KB
ID:	11513  
Reply With Quote
  #24 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288

Cory,

The indicator does not work on currency futures like 6A, 6B, 6E, using Minute charts. On Range charts it works. Why did you hard code the start and end time. Currency work 24 hours. The caluclations should be from DAY to DAY i.e. 00:00 to 23:59. a full calander DAY. I also find that the 50% line is not the same number that I calculate by hand.

Started this thread Reply With Quote
  #25 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090

no hard code for start/end time it is just left over codes from another indicator. It works for some contracts but not others must be data format something. That is why it put triangles at H/L to see if it marks them correctly.

Reply With Quote
  #26 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

Hi perryg,

a suggestion how to obtain the balance points for the last week. Basically you would want to scan the price action for swings and then determine the midrange of the dominating swings. This is nothing else than finding the 50% Fibonacci retracement levels for those swings. To display the balance point you could take the Fib Cluster Indicator (published in the download section of this forum) and exclude the larger swings that date back several weeks. Just set the levels A to E to false, and you will obtain something as shown below. You can all set all other lines to transparent that you do not want to display.

For YM there were two balance points, 1 relating to a 2 day period, the other one to a 4 day-period. You can see them on the chart below.

Attached Thumbnails
Click image for larger version

Name:	YM 06-10 (60 Min)  16_04_2010 light.jpg
Views:	359
Size:	114.3 KB
ID:	11529  
Reply With Quote
Thanked by:
  #27 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288

I will look at it again. If my data feed is the same, Zenfire, it should work all the time or it should not work at all.

Started this thread Reply With Quote
  #28 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288

Hi Fat Tails,
I will take a look at your suggestion. Up until now I do it manually. Takes half a minute by taking the highest high and the lowest low of the past 2 days and divide by 2

Started this thread Reply With Quote
  #29 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

If you are interested, I can modify the indicator and eliminate the other lines, just leave the 2 of them, LOL. But have a look first.


perryg View Post
Hi Fat Tails,
I will take a look at your suggestion. Up until now I do it manually. Takes half a minute by taking the highest high and the lowest low of the past 2 days and divide by 2


Reply With Quote
  #30 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


That sounds good. Are you refering to CMIFibcluster_V90 or V91bis

Started this thread Reply With Quote




Last Updated on February 12, 2019


© 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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts