NexusFi: Find Your Edge


Home Menu

 





Pivots, Support, Resistence for Ninja


Discussion in NinjaTrader

Updated
    1. trending_up 5,077 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 14 posts
    2. attach_file 4 attachments




 
Search this Thread

Pivots, Support, Resistence for Ninja

  #11 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
Frequency: Daily
Duration: Minutes
Posts: 588 since May 2011
Thanks Given: 217
Thanks Received: 990

I notice you're using RTH and not ETH. When I use RTH, the chart changes completely.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
Cheap historycal L1 data for stocks
Stocks and ETFs
What broker to use for trading palladium futures
Commodities
Better Renko Gaps
The Elite Circle
 
  #12 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
Frequency: Daily
Duration: Minutes
Posts: 588 since May 2011
Thanks Given: 217
Thanks Received: 990

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


Started this thread Reply With Quote
  #13 (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: 27,103



phantomtrader View Post
Here's a jpg of the ES 5 minute with the PivotZones indicator using CME inputs.


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).

Reply With Quote
  #14 (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: 27,103


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.

Reply With Quote
  #15 (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: 27,103


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?


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.

Reply With Quote




Last Updated on February 13, 2012


© 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