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background for diffenrt sessions template
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background for diffenrt sessions template

  #11 (permalink)
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razorbuzz View Post
looks absolutely perfect for me.
same for CL.

Just for my understanding:
If I use it for ES:
The times are:
8.30 am to 3.15 pm
3.30 pm to 8.15 am

when I write it in the template, the indicator shows me only one coloured background.

I'm totally wrong?

Session times would be
8.30 am to 3.15 pm
3.30 pm to 8.30 am

The indicator will show a different backcolor for the night and the RTH session, see below.

Attached Thumbnails
background for diffenrt sessions template-session-colors-es.jpg  
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  #12 (permalink)
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i dunno why, but session template stuff always gets me.. my question is, i want to have my 6E chart be color 1 from:

sunday- 5pm to monday 2am

then regular chart background color from:

monday 2am - monday 10:30am

then back to color 1 from:

monday 10:30am - tuesday 2am

and then the rest of the week like that..

but i also want my pivots indicators to follow the regular CME FX Futures ETH that i have currently setup(default) which is what is confusing me..

dont believe anything you hear and only half of what you see

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  #13 (permalink)
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madLyfe View Post
i dunno why, but session template stuff always gets me.. my question is, i want to have my 6E chart be color 1 from:

sunday- 5pm to monday 2am

then regular chart background color from:

monday 2am - monday 10:30am

then back to color 1 from:

monday 10:30am - tuesday 2am

and then the rest of the week like that..

but i also want my pivots indicators to follow the regular CME FX Futures ETH that i have currently setup(default) which is what is confusing me..

I know, life is so difficult, especially if you want to add some colors.

Why don't you use a template that divides the trading days into three segments.

-> first segment from 5:00 PM to 2:00 AM
-> second segment from 2:00 AM to 10:30 AM
-> third segment from 10:30 AM to 4:00 PM

I suppose that all times are in Central Time (CT).

You can now use the anaSessionColors indicator to color the background. Of course, you need to select the same color for the first and the third segment.

The pivots indicator will display ETH pivots correctly, if you set it to ETH and "DailyBars=true", provided that your daily data base contains correct historical data. If you set it to "DailyBars = false", it will still calculate ETH pivots, but will use the 4:00 PM CT close instead of the settlement price at 2:00 PM CT.

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  #14 (permalink)
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Fat Tails View Post
I know, life is so difficult, especially if you want to add some colors.

Why don't you use a template that divides the trading days into three segments.

-> first segment from 5:00 PM to 2:00 AM
-> second segment from 2:00 AM to 10:30 AM
-> third segment from 10:30 AM to 4:00 PM

I suppose that all times are in Central Time (CT).

You can now use the anaSessionColors indicator to color the background. Of course, you need to select the same color for the first and the third segment.

The pivots indicator will display ETH pivots correctly, if you set it to ETH and "DailyBars=true", provided that your daily data base contains correct historical data. If you set it to "DailyBars = false", it will still calculate ETH pivots, but will use the 4:00 PM CT close instead of the settlement price at 2:00 PM CT.

ok thanks very much. i am connect to kinetic data and using dailybars true, then i connect to my regular data provider to ensure i get clean data from kinetic..

so would it look something like this?:

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how come i wouldnt just go from 10:30am to 2am the next day skipping the 4-5pm ETH market closure?

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  #15 (permalink)
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madLyfe View Post
ok thanks very much. i am connect to kinetic data and using dailybars true, then i connect to my regular data provider to ensure i get clean data from kinetic..

so would it look something like this?:

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how come i wouldnt just go from 10:30am to 2am the next day skipping the 4-5pm ETH market closure?

The template looks good, if you continue it until Friday 4:00 PM.

If you skip the 4:00 PM market closure, you do not respect the official trading day for 6E. This has the following inconvenients

-> the pivot indicator will not know the correct high and low for the session
-> in DailyBars = false / ETH mode the pivot indicator will collect the false closing price
-> the pivot indicator will display the same pivots prior to 4:00 PM and after 4:00 PM as it is the same session, so either the prior pivots or the pivots after 4:00 PM will be false
-> on tick, volume and range charts you will get bars reaching from the old trading day into the new trading day and not many serious traders will have such bars

Suggestion: Make always sure that you have a session break at the end of the trading day.

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  #16 (permalink)
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Fat Tails View Post
The template looks good, if you continue it until Friday 4:00 PM.

If you skip the 4:00 PM market closure, you do not respect the official trading day for 6E. This has the following inconvenients

-> the pivot indicator will not know the correct high and low for the session
-> in DailyBars = false / ETH mode the pivot indicator will collect the false closing price
-> the pivot indicator will display the same pivots prior to 4:00 PM and after 4:00 PM as it is the same session, so either the prior pivots or the pivots after 4:00 PM will be false
-> on tick, volume and range charts you will get bars reaching from the old trading day into the new trading day and not many serious traders will have such bars

Suggestion: Make always sure that you have a session break at the end of the trading day.

ok one last question and ill stop buggin you.. how do the pivot series of indicators happen to know which of the diff session segments that i make in the session template to be the open/close for coming up with its calculations?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #17 (permalink)
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madLyfe View Post
ok one last question and ill stop buggin you.. how do the pivot series of indicators happen to know which of the diff session segments that i make in the session template to be the open/close for coming up with its calculations?

NinjaTrader uses a heuristic to determine, which of the sessions is the first session of the trading day.

This is not a very clever decision, as the heuristic process only mostly works, but not always. This is a weakness of NinjaTrader, as other software packages such as MultiCharts allow the user to specifiy, which of the sessions is the first one.

If you set the indicator to ETH, it is thus NinjaTrader that determines the full session.

If you set the indicator to RTH, you need to specify via indicator dialogue box, which of the session segments shall be used to calculate pivots. The default session set is the second session, as nearly all futures contracts have a pre-session or a night session. But of course this can be changed.

If you use the pivots indicator in DailyBars mode, it will take the settlement/close from daily data, independently from the selected session.

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  #18 (permalink)
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is this because of one of my settings? i occasionally go to mypivots.com to make sure everything is function properly and i noticed this. my previous days OHLC are correct per their numbers, but in this picture you can clearly see where the close is and where the previous days close is marked by the indicator.. is something wrong here?

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here are the mypivots numbers which are inline with the numbers on my chart:

10-Feb-2012:
Open 1.3288
High 1.3292
Low 1.3157
Close 1.3172

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #19 (permalink)
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madLyfe View Post
is this because of one of my settings? i occasionally go to mypivots.com to make sure everything is function properly and i noticed this. my previous days OHLC are correct per their numbers, but in this picture you can clearly see where the close is and where the previous days close is marked by the indicator.. is something wrong here?

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


here are the mypivots numbers which are inline with the numbers on my chart:

10-Feb-2012:
Open 1.3288
High 1.3292
Low 1.3157
Close 1.3172


I cannot help you, if you delete the indicator settings from your chart. Please make them appear on the top of the chart, or post a separate screenshot.

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  #20 (permalink)
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Fat Tails View Post
I cannot help you, if you delete the indicator settings from your chart. Please make them appear on the top of the chart, or post a separate screenshot.

sorry about that fatty:

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

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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