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anaFibsfromanothersessionV38
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anaFibsfromanothersessionV38

  #1 (permalink)
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anaFibsfromanothersessionV38

@Fat Tails
how do I get this indi to plot 50% at the middle point of the prior 24/7 day I am using 24/7 default session template?
I have tried all settings and none will change 50% location

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  #2 (permalink)
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Rad4633 View Post
@Fat Tails
how do I get this indi to plot 50% at the middle point of the prior 24/7 day I am using 24/7 default session template?
I have tried all settings and none will change 50% location

pic attached

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anaFibsfromanothersessionV38-f1.png  
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  #3 (permalink)
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wow..


that is a little disrespectful bro. Really?

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  #4 (permalink)
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wldman View Post
that is a little disrespectful bro. Really?

@wldman: Many disrespectful questions have contributed to improving my indicators, as some of them were quite useful.

Some of the indicators are not easy to apply, and sometimes I have made a mistake, as nobody is perfect .

I don't mind, will find a few minutes to answer. And you will see that this question has a particularly interesting answer, I am glad that somebody asked it.

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  #5 (permalink)
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Answer
This post has been selected as an answer to the original posters question Answer


Rad4633 View Post
@Fat Tails
how do I get this indi to plot 50% at the middle point of the prior 24/7 day I am using 24/7 default session template?
I have tried all settings and none will change 50% location

@Rad4633: It is easy to answer, as you have included your chart and indicator settings.

Know Contract Specifications and Holiday Rules

The point is that July 4 is not an independant trading day, but all trades contracted on July 4 are for trade date July 5. This rule applies to all CME and NYMEX traded instruments.

trade executed July 3 -> trade date July 3 -> settlement July 5
trade executed July4 -> trade date July 5 -> settlement July 6
trade executed July 5 -> trade date July 5 -> settlement July 6

This means that on July 5, the previous trading day was July 3, and that the Fibs are calculated from this trading day.

The indicator takes into account the CME and NYMEX holiday schedule for 2012.


Never use a 24/7 Session Template - It is always false.

The second problem with your setting is that you calculate your pivots from daily data. Daily data typically refers to the ETH session from 3:30 PM CT to 3:15 PM CT.

You should then display the Fib lines according to that session they were calculated from, which can not be 24/7.


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  #6 (permalink)
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wldman View Post
that is a little disrespectful bro. Really?

nope not to my good friend Harry, thats one thing I would never do. It was just a question on something I didn't understand. Many thx big guy @Fat Tails for your reply to me. It had me stumped (confused) on why it was plotting that way because I use the 50% as a reference point...........ttys

Thanks Again
R


Last edited by Rad4633; July 6th, 2012 at 08:17 AM.
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  #7 (permalink)
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Must a been me

Retracting my criticism. Thanks for being gentle. Trade well. DB

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  #8 (permalink)
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Fat Tails View Post
@Rad4633: It is easy to answer, as you have included your chart and indicator settings.

Know Contract Specifications and Holiday Rules

The point is that July 4 is not an independant trading day, but all trades contracted on July 4 are for trade date July 5. This rule applies to all CME and NYMEX traded instruments.

trade executed July 3 -> trade date July 3 -> settlement July 5
trade executed July4 -> trade date July 5 -> settlement July 6
trade executed July 5 -> trade date July 5 -> settlement July 6

This means that on July 5, the previous trading day was July 3, and that the Fibs are calculated from this trading day.

The indicator takes into account the CME and NYMEX holiday schedule for 2012.


Never use a 24/7 Session Template - It is always false.

The second problem with your setting is that you calculate your pivots from daily data. Daily data typically refers to the ETH session from 3:30 PM CT to 3:15 PM CT.

You should then display the Fib lines according to that session they were calculated from, which can not be 24/7.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

@FatTails:

I just downloaded your indicators and thanks for your contributions.

It works well and happy that I don't need to draw lines physically everyday.

Please clarify whether I need to fill the NYMEX holiday dates for the year 2014, under section parameters: 'SETTLEMENT NEXT DAY FOR GLOBEX'?

Appreciate your guidance.

Thanks,

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  #9 (permalink)
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Raj1 View Post
@FatTails:

I just downloaded your indicators and thanks for your contributions.

It works well and happy that I don't need to draw lines physically everyday.

Please clarify whether I need to fill the NYMEX holiday dates for the year 2014, under section parameters: 'SETTLEMENT NEXT DAY FOR GLOBEX'?

Appreciate your guidance.

Thanks,

@Raj1,

or you could just download the latest version 42 which includes holiday calender for 2014

https://futures.io/download/ninjatrader-7/indicators/1114-download.html?view

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