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hourly pivot indicator-Ninja trader
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hourly pivot indicator-Ninja trader

  #11 (permalink)
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Notifications sent.

Strike that, this is a new upload not an update?

Mike

It is an update, but I had never uploaded this indicator to the download section.

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  #12 (permalink)
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In a future update, could you add the possibility to display the pivot range as you do with the daily version?


Fat Tails View Post
I have updated the hourly pivots indicator and improved the code efficiency. It is now several times as fast as the original version and can be used with COBC = false.

The indicator is also an example for a simple multi-timeframe indicator.

It is now available in the download section of the forum.

https://futures.io/download/ninjatrader-7/indicators/1348-download.html


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Update Hourly Pivots


@trendisyourfriend: Following you request, I have reworked the indicator and added the pivot range and the prior high and low.

I have also improved the multi-timeframe architecture and speed up the indicator a little. If it takes a second to show up on the chart, this is due to the use of DrawRegion(), which always slows the plot a bit. It would be better to replace DrawRegion() with a manually coded plot, but that would take too much time now.

The hourly pivots need to be aligned somewhere, that is you need to start to count the full hour at one point. The indicator now alternatively allows to align the starting point to the trading day or the session start.

The updated indicator is here:

https://futures.io/download/ninjatrader-7/indicators/1348-download.html

The chart below shows the 120 min pivots for CL 03-13.


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Last edited by Fat Tails; January 21st, 2013 at 05:55 PM.
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Using the indicator to display rolling session pivots

Attached are two examples of an unconventional use of the indicator for 6E 03-13:


Displaying daily pivots (ETH) based on the high, low and close:

If you select the combined length of the intraday session - for 6E this is 1380 minutes - then the indicator can also be used to display daily pivots over the intraday session segments. The pivots need to be aligned to the start of the trading day.


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If you use the indicator with the same settings, but switch it to align the start of the pivot period to each session, then it will calculate the pivots from the 3 prior sessions, which cover 1380 minutes. The sessions are rolled.


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Notifications sent.

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Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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Hourly Pivot error?

@Fat Tails

After I installed the HourlyPivot indicator from downloads. I installed it and it plotted on my Hybrid renko chart but when I tried to go to a 5 min the chart , it plotted as shown in attachment. Then after trying various changes ie session templates time changes my chart had a red X appear on it so i had to close down chart. I reopened another hybrid chart installed hourly pivot on it but they did not plot, I tried different session templates none would make the hourly pivot indicator plot. Then I noticed my min bar types would only plot on the chart as shown in picture attachment, also week,day,month,year bar type all plot the same as in attachment. Sec, tick,range,hybrid,uni renko all plot correctly.

The only fix I can find is to remove Hourly Pivot indicator, restart Ninja then min and all others work fine again. Thoughts?

Attached Thumbnails
hourly pivot indicator-Ninja trader-f1.png  
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Rad4633 View Post
@Fat Tails

After I installed the HourlyPivot indicator from downloads. I installed it and it plotted on my Hybrid renko chart but when I tried to go to a 5 min the chart , it plotted as shown in attachment. Then after trying various changes ie session templates time changes my chart had a red X appear on it so i had to close down chart. I reopened another hybrid chart installed hourly pivot on it but they did not plot, I tried different session templates none would make the hourly pivot indicator plot. Then I noticed my min bar types would only plot on the chart as shown in picture attachment, also week,day,month,year bar type all plot the same as in attachment. Sec, tick,range,hybrid,uni renko all plot correctly.

The only fix I can find is to remove Hourly Pivot indicator, restart Ninja then min and all others work fine again. Thoughts?

@Rad4633: Thank you for your comment. You are correct. The indicator had a bug, which let it access an indefined value under specific conditions. I have modified the code. Could you please test and report back?

Attached Files
Register to download File Type: zip HourlyPivots.zip (3.8 KB, 88 views)
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Fat Tails View Post
@Rad4633: Thank you for your comment. You are correct. The indicator had a bug, which let it access an indefined value under specific conditions. I have modified the code. Could you please test and report back?

Thank you for your fast response, this indicator works with no issues

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  #19 (permalink)
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Indicator Update - Hourly Pivots

I had to update the hourly pivots, because it did not work with all datafeeds.

Here is the reason: During times when liquidity is low, it may happen that no transaction takes place during a full minute. Not all data feeds handle this situation in a similar way.

(1) some data feeds insert a minute bar which shows a single trick at the last price traded
(2) other data feeds insert nothing, leaving a blank space

With the second type of data feed an hour sometimes had less than 60 minute bars, and the indicator did not work properly. Therefore I have recoded it based on time intervals, which is the appropriate way of dealing with hourly pivots anyway.

The indicator is a genuine multi-timeframe indicator. The hourly pivots are calculated from a secondary bar series of 1-minute bars. For the sake of discretionary traders, I have allowed the indicator to repaint the lines back to the session start during the first minute of each hour (or other interval selected via indicator dialogue box). This will also avoid a different picture in modes COBC = false and COBC = true. Due to the repainting the indicator is not fit for use with an automated strategy. Please contact me, if you wish to use it for automated trading, as it will require a minor modification.

The indicator can be found here:

https://futures.io/download/ninjatrader-7/indicators/1348-download.html?view

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Notifications sent.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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