50% Balance Point Rule

April 19th, 2010, 05:59 PM

The problem is that it is not systematic in taking each time 2 days from today, and then going back one day at a time taking the previous 2 days.

I do not want to put you to any trouble to write a simple version if it is not going to work. I f you do not mind then I can test it. So its up to you.

April 20th, 2010, 01:49 AM

I test fdax, 6e, 6a on this version and they look ok.

Jura · April 20th, 2010, 08:04 AM

cory

I test fdax, 6e, 6a on this version and they look ok.

Thanks for sharing Cory!

Sadly, it doesn't work on NinjaTrader 7. I've tried to make it working, which succeeded partially.

haha, perhaps anyone can give a suggestion of how to proceed?

Generated errors when importing in NT 7:
Line 177:

Code

DrawTriangleDown("Stop High" , 0, High[0] + TickSize, Color.Red);

Should be for NT7:

Code

DrawTriangleDown("Stop High" , false, 0, High[0] + TickSize, Color.Red);

Line 183:

Code

DrawTriangleUp("Stop Low" , 0, Low[0] - TickSize, Color.Blue);

Should be for NT7:

Code

DrawTriangleUp("Stop Low" , false, 0, Low[0] - TickSize, Color.Blue);

Line 199:

Code

DrawRay("ray", CurrentBar-arrayBar[1], todaysMidLine, 0, todaysMidLine, rangeColor,ls,lw);

Should be for NT 7:

Code

DrawRay("ray", false, CurrentBar-arrayBar[1], todaysMidLine, 0, todaysMidLine, rangeColor,ls,lw);

(Perhaps the indicator can also be improved by including sometime like ' + CurrentBar ' with the name of the drawed arrows and rays? That way the signals wil remain on the chart, which can be handy when examining historical data. On the other hand, the chart can become quite full that way).

The following problems from NT7 I'm not able to solve:
Line 151:

Code

DateTime bar = new DateTime(Bars.GetSessionBar(sessionsBarsAgo).Time.Year, Bars.GetSessionBar(sessionsBarsAgo).Time.Month, Bars.GetSessionBar(sessionsBarsAgo).Time.Day, Bars.SessionBegin.Hour, Bars.SessionBegin.Minute, Bars.SessionBegin.Second);

The last part of this line gives errors because NinjaTrader 7.0 uses a different logic in handling Time than NT 6.5 did. Does someone know how to "translate" this line to NT7?

According to the NinjaTrader 7.0 Code Breaking document:

Code

Bars.SessionBegin and Bars.SessionEnd are deprecated. Please use this:
BarsArray[int barSeries].Session.GetNextBeginEnd(DateTime time, out DateTime 
sessionBegin, out DateTime sessionEnd)

Also see: NinjaTrader Support Forum

Regards,

April 20th, 2010, 11:26 AM

I'm thrilled to trip over this interesting thread. Big Big Thank You to both Perry and Cory!!

Would be great if one only needs the Balance Line to trade .. smile ..

A quick newbie request please. Since it's based on the HH and LL of the previous 2 days, I added the indicator using the default setting per enclosed. Thanks to Cory for making it so user-friendly! Please correct me if I need to do more. Thank you.

Happy & Successful Trading!

Beth

April 20th, 2010, 11:41 AM

Cory,

I have now tested on a number of Chart. I get the lines, but the calculations are incorrect. Please take a look a the enclosed chart, and see if that is the way you calculate. I think you are taking different highs and lows. If you have any questions let me know

April 20th, 2010, 12:14 PM

today is 20, for 6E chart Zenfire shows data for days 20, 19, 16, 15... it skips day 18 and 17. So from today the 20th we want 2 days back, looking at chart 2 days back = day 19 and 16 so I set day back = 4 to include all data back to the day 16. on the chart you can see 2 triangles marking where is the H/L for 16 thru 19.

I see we don't have the same definition for day 1 , day 2, day 3, seems like your 'day' is running as 2 days data when I just simply counting backward how many days.

April 20th, 2010, 12:35 PM

We have very different charts AND numbers. I think that your chart is not 24 hours, but you are using a SESSION chart that gives you only a certain part of the day. Use a session of 00:00 to 00:00 or 23:50. You are missing data

April 20th, 2010, 06:25 PM

perryg

We have very different charts AND numbers. I think that your chart is not 24 hours, but you are using a SESSION chart that gives you only a certain part of the day. Use a session of 00:00 to 00:00 or 23:50. You are missing data

I don't have good clean data there are many holes in them, but anyway here is the latest as you can see select 3 days back and it will calculate just day 3 + day 4 back

April 20th, 2010, 06:45 PM

I'm looking to make an EasyLanguage version of this.

I may be way off, but isn't it just:

Today = 4/20

To plot today's balance point, we need the LOW from yesterday 4/19, and the HIGH from the prior day 4/16. Divide by two.

?

If so, here is my EasyLanguage version. I will make a separate thread so this one doesn't get sidetracked, but wanted input if I am right or wrong on the code. Seems too simple if I am right, so I'm probably not

Code

                            
inputs:

    tlstyle (1),

    tlsize (3);

    



vars:

    yhigh (0),

    yhigh2 (0),

    thigh (0),

    ylow (0),

    tlow (0),

    tlid (0);



once Plot1(0, "Balance Point");

    

if date <> date[1] then begin



    yhigh2 = yhigh;

    yhigh = thigh;

    ylow = tlow;

    tlow = L;

    thigh = H;

    

    tlid = TL_New(date, time, (yhigh2+ylow) / 2, date, Sess1EndTime, (yhigh2+ylow) / 2);

    TL_SetStyle(tlid, tlstyle);

    TL_SetSize(tlid, tlsize);

    TL_SetColor(tlid, GetPlotColor(1));



end;



if H > thigh then thigh = H;

if L < tlow then tlow = L;

[img]https://nexusfi.com/v/dju36j.png[/img]

Mike

April 20th, 2010, 06:52 PM

Big Mike

I'm looking to make an EasyLanguage version of this.

I may be way off, ...

check out his attachment
https://nexusfi.com/attachments/ninjatrader-programming/11627d1271778057-50-balance-point-rule-50-balance-point-3-days.png

50% Balance Point Rule

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50% Balance Point Rule