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Pivots, Support, Resistence for Ninja
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Pivots, Support, Resistence for Ninja

  #11 (permalink)
Elite Member
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I notice you're using RTH and not ETH. When I use RTH, the chart changes completely.

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  #12 (permalink)
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I changed back to 24/7 and now the chart looks closer to yours. Do you think there's something new with Ninja 7?

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  #13 (permalink)
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phantomtrader View Post
Here's a jpg of the ES 5 minute with the PivotZones indicator using
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For the chart you have used a session template which displays the ETH session. The Auto setting selects RTH pivots for index futures. You cannot display RTH pivots on an ETH template.

If you want to display ETH pivots, you can use that ETH template but will need to set the indicator to ETH.

Your chart shows

-> RTH pivots from the ETH session, which are ETH pivots
-> uses the close instead of the settlement price, as supplied by daily data from CQG

So you have got near-correct ETH pivots (1 tick of due to the difference between settlement/close).


Last edited by Fat Tails; February 13th, 2012 at 05:49 AM.
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  #14 (permalink)
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phantomtrader View Post
I notice you're using RTH and not ETH. When I use RTH, the chart changes completely.

I have used RTH for ES 03-12 and ETH for 6E 03-12. The indicators allow you to use whatever suits you.

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  #15 (permalink)
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phantomtrader View Post
I changed back to 24/7 and now the chart looks closer to yours. Do you think there's something new with Ninja 7?

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If you want false pivots, you need to select the session template 24/7. The pivots are now false for all instruments. There is no instrument where the trading times as per contract specifications start at 0:00 AM EST.

With 24/7 the yesterday's high and low are calculated from the period 0:00 AM until 0:00 AM. As you have false highs and lows, your pivots will be false as well. The high of 1343 shown on your chart was made at 4:40 AM EST and is neither the ETH nor the RTH high.

Your chart has RTH (Auto) settings, but a false ETH session template. No way of producting correct pivots that way.

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