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Help With CMI Pivots


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Help With CMI Pivots

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  #1 (permalink)
Melbourne, Australia
 
 
Posts: 13 since Dec 2010
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I have CMI Pivots running in NT6.5 and have had no issues until the weekend came. I am in Australia and this morning when I loaded NT, 5 of the 12 charts I use had no daily pivots, fibs or yesterday's OHLC.

The charts showing the info are all accurate based on Action Forex pivots, so am not sure why EUR/JPY, NZD/USD, AUD/USD, USD/CHF and GBP/AUD are all blank.

Is anyone able to suggest a fix for it?

If I go to the Session Times and put my local session time in, it gives me the pivots, fibs etc but they are incorrect. The labels say Local Session Closing Time for other instruments. Please Use Local Time!

I changed the Local Open to 09:00 and the Local Close to 17:00, which is what it is here, but just out by too much.

Does anyone know the correct way to get these pivots correctly displayed?

I might add that I am using range charts, though had no issues with that all of last week, which is when I loaded this indicator for the first time.

If I select User Defined Values and input the correct HLC of the last session, everything is fine. Is it perhaps a case of having to input it manually after the weekend session and then setting it back to CalcFromIntradayData once the London and US sessions have reopened?

Any suggestions gladly accepted.

cheers

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  #3 (permalink)
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Hi honkin,

let us see what is happening. First of all. which version fo the CMIPivots do you use, did you upgrade to the latest which is V86? What error message do you get exactly?

NT 6.5. has no session manager, so the indicator needs to be preconfigured for each instrument in view of the exchange time and daylight savings rules. If it is preconfigured, you can display correct ETH pivots. If it is not preconfigured, you can only use it in Local Session = True mode, which may produce inaccurate pivots.

However the indicator should work with all FOREX instruments, including the ones you mentioned. The correct setting is therefore Local Session = False. The session times for FOREX need to be set in EST (for V86, for some earlier versions it was GMT) via Session Begin FOREX and Session End Forex.

If you use the indicator in DailyBars mode, you would need to load daily data prior to making use of the indicator.

I have never tested the indicator with my systems clock set to Australian time, but it should work.

My suggestion is first

- apply CMIPivotsV86 to your chart
- reload the data to your database
- check your FOREX settings under Tools -> Options -> Misc -> Quote Currencies

If it still does not work, come back please and post a screenshot of your chart and your indicator settings. But in any case the indicator should either work for all FOREX instruments or for none. If it works for some FOREX instruments and does not for others, the problem is either related

- to missing data in your database
- to instrument settings

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  #4 (permalink)
Market Wizard
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By the way, there is absolutely no reason to stick with NT 6.5.

The SessionPivots indicator for NT7 uses session templates and will produce accurate ETH and RTH pivots for any instrument. It is much better than the CMIPivots indicator.

Also NT 7 is by far more stable than NT 6.5. Did not open NT 6.5 for 4 weeks, the first time I used it, it produced a sequence of full crashes on data loading, so I will refuse to deal with NT 6.5. anymore as it is really a waste of time.

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  #5 (permalink)
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Fat Tails View Post
By the way, there is absolutely no reason to stick with NT 6.5.

cheers Fat Tails

I hate to disagree with you on this one, but I am with a company called Your Trading Room. They have many proprietary indicators that I am led to believe do not work on NT7, so that is the reason I am still with NT6.5

Since my News trading requires no indicators, I use NT7 for that, but for scalping and using strategies I have developed and been taught, the YTR indicators are a must

cheers

honkin

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  #6 (permalink)
Melbourne, Australia
 
 
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Fat Tails View Post
Hi honkin,

let us see what is happening. First of all. which version fo the CMIPivots do you use, did you upgrade to the latest which is V86? What error message do you get exactly?

Hi Fat Tails

I am using V86 of the indicators. Initially there was no message, just no indicators. On checking again this morning, the offending charts had the message regarding insufficient data etc. Increase look back period. That was simple enough to deal and I have now set my default to 9 days so that should fix this part of it. The charts that all had pivots yesterday, had nothing when I got up this morning, but again, when I changed the days to 9, ti was all good.



Fat Tails View Post
NT 6.5. has no session manager, so the indicator needs to be preconfigured for each instrument in view of the exchange time and daylight savings rules. If it is preconfigured, you can display correct ETH pivots. If it is not preconfigured, you can only use it in Local Session = True mode, which may produce inaccurate pivots.

However the indicator should work with all FOREX instruments, including the ones you mentioned. The correct setting is therefore Local Session = False. The session times for FOREX need to be set in EST (for V86, for some earlier versions it was GMT) via Session Begin FOREX and Session End Forex.

If you use the indicator in DailyBars mode, you would need to load daily data prior to making use of the indicator.

Fat Tails, I have not configured the times at all, but can certainly do it. I have it set to the defaults for session times. I have Intraday Session set to True, Local Session set to False and Prior Day High/Low/Close set to CalcFromIntraDayData.

So to make sure it is accurate, I need to check the Session Begin and Session End times, but only for FOREX, yeah? I currently only trade Forex, though will look at the ES and TF shortly. So the setting should be 08:00 + 17:00, is that right. Funnily enough, the current setting is Begin 17:00 (ET) and End 17:00 (ET) with Break Period being set to 00:00.

cheers and thanks for your help

honkin

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  #7 (permalink)
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honkin View Post
Hi Fat Tails

I am using V86 of the indicators. Initially there was no message, just no indicators. On checking again this morning, the offending charts had the message regarding insufficient data etc. Increase look back period. That was simple enough to deal and I have now set my default to 9 days so that should fix this part of it. The charts that all had pivots yesterday, had nothing when I got up this morning, but again, when I changed the days to 9, ti was all good.

Fat Tails, I have not configured the times at all, but can certainly do it. I have it set to the defaults for session times. I have Intraday Session set to True, Local Session set to False and Prior Day High/Low/Close set to CalcFromIntraDayData.

So to make sure it is accurate, I need to check the Session Begin and Session End times, but only for FOREX, yeah? I currently only trade Forex, though will look at the ES and TF shortly. So the setting should be 08:00 + 17:00, is that right. Funnily enough, the current setting is Begin 17:00 (ET) and End 17:00 (ET) with Break Period being set to 00:00.

cheers and thanks for your help

honkin

Leave the current settings, as they are correct. For FOREX instruments you need to set the time in Eastern Time (New York) to get the correct pivots. For all other instruments these times are to be set in exchange time, just for FOREX it is New York, because New York owns the daily close of the FOREX markets.

For weekly pivots the indicator should be set to 15 days, for monthly pivots to 65 days lookback period. For daily pivots you do not need 9 days, unless there is a big hole in your data.


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  #8 (permalink)
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Fat Tails View Post
Leave the current settings, as they are correct. For FOREX instruments you need to set the time in Eastern Time (New York) to get the correct pivots. For all other instruments these times are to be set in exchange time, just for FOREX it is New York, because New York owns the daily close of the FOREX markets.

For weekly pivots the indicator should be set to 15 days, for monthly pivots to 65 days lookback period. For daily pivots you do not need 9 days, unless there is a big hole in your data.


Fat Tails

Now that we are 2 hours into the Asian session, my pivots on the AUD/USD are off by 30 pips from both MT4 and Action Forex. I have not changed anything, with Forex Begin and End still set to 17:00. Floor and Fib pivot are showing as .9885 but is .9914 in both MT4 and at Action Forex. GBP/USD is 1.5545 in NT and 1.5521 in both MT4 and Action.

It may well be just the range charts issue, so may have to adopt inputting the HLC manually each day. Would I still leave Local Session at False to do that? I just select User Defined in Prior Day HLC and input the figures manually, yeah?

cheers

honkin

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  #9 (permalink)
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honkin View Post
Fat Tails

Now that we are 2 hours into the Asian session, my pivots on the AUD/USD are off by 30 pips from both MT4 and Action Forex. I have not changed anything, with Forex Begin and End still set to 17:00. Floor and Fib pivot are showing as .9885 but is .9914 in both MT4 and at Action Forex. GBP/USD is 1.5545 in NT and 1.5521 in both MT4 and Action.

It may well be just the range charts issue, so may have to adopt inputting the HLC manually each day. Would I still leave Local Session at False to do that? I just select User Defined in Prior Day HLC and input the figures manually, yeah?

cheers

honkin

With NT 6.5. the only way to get correct pivots on range charts, is to use the indicator in DailyBars mode. But then you need correct daily data. I can only recommend again to use NinjaTrader 7. With NinjaTrader 7 you can set your sessions as required and the session end will correctly cut off the range bar, which is not the case for NinjaTrader 6.5. I attach the charts for AUDUSD created with the SessionPivots indicator for NT7.

(1) Chart 1 uses daily data from Kinetick to determine pivots. The main pivot is shown as 0.99133, calculated from: High = 0.99490, , Low = 0.98579, Close = 0.99330

(2) Chart 2 uses intraday data from Interactive Brokers. The main pivot is shown as 0.99150, calculated from: High = 0.99490, Low = 0.98620, Close = 0.99340

The minor difference between the two pivot values is data related. Both values match well the value that you have found with MT4 and Action FOREX.

Now, if you want to know, why the pivots are false, you have to look at the high, low and close of the indicator. It is displayed, as you can easily check visually, whether high, low and close are correct. If you are 30 pips off, it may well be that the indicator displays yesterday's pivots and not today's. This may occur, as I have never tested this indicator for any Australian timezone. Also try to set IntradaySession to false.

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  #10 (permalink)
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Finally managed to start NT 6.5. Pulled the GBPUSD chart and the main pivot PP is displayed as 1.55215 on a 3 min chart. which is correct.


Try to use the indie in DailyBars mode with range bars, that should work better.


NT 6.5. chart attached.

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  #11 (permalink)
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Fat Tails View Post
Finally managed to start NT 6.5. Pulled the GBPUSD chart and the main pivot PP is displayed as 1.55215 on a 3 min chart. which is correct.


Try to use the indie in DailyBars mode with range bars, that should work better.


NT 6.5. chart attached.

It has to be something to do with the data, as I switched to a 1 minute chart and got a pivot of 1.5535. I even opened up a fresh chart and added the Daily Pivot indie with the same result. It doesn't even have yesterday's close correct. It shows as 1.5551, instead of 1.5512.

I have it now set to DailyBars and Intraday session = False. I am not sure what else to do. I have tried changing session times for Forex and even Local, but it does not seem to shift

If I can't get it right, I will just have to daily input the HLC and then it will be accurate

cheers

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  #12 (permalink)
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honkin View Post
It has to be something to do with the data, as I switched to a 1 minute chart and got a pivot of 1.5535. I even opened up a fresh chart and added the Daily Pivot indie with the same result. It doesn't even have yesterday's close correct. It shows as 1.5551, instead of 1.5512.

I have it now set to DailyBars and Intraday session = False. I am not sure what else to do. I have tried changing session times for Forex and even Local, but it does not seem to shift

If I can't get it right, I will just have to daily input the HLC and then it will be accurate

cheers

The indicator displays prior day's high, low and close. So it is easy to identify the problem. If you chart displays a close of 1.5551, this is not invented, but taken from a price bar. For your problem, there are three possible explanations

(1) Your data base is incomplete and your charts have holes. You need to reload data.

(2) You selected a session under chart settings that cuts off some of the data, the chart session should be set to 24 hours.

(3) You used false indicator settings., in particular you changed the default session settings for FOREX, which need to be set at 5 PM New York Time.

If you want me to analyze this, you would need to post your charts and indicator settings. If I look at a a chart, it is easy to see what the indicator does. The question is where it takes its high, low and close, and this can be seen.

Without a chart to look at, I can only make guesses. The indicator cannot produce a close of 1.5551 with correct data and settings.

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  #13 (permalink)
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The strange thing is, Fat Tails, that the data rights itself at some point. I have just loaded NT and that same GBP/USD chart and the pivots, HLC are all spot on to the pip.

I will check out what happen when 9am come local time, as that is session rollover time, as it will be 17:00 in NY. I will be interested to see what happen then

Option 1 may certainly be possible, but then why would it miraculously fix itself?

Option 2 is not possible. Under Chart Properties I have Session Begins and Ends Local time as 9am, which as I said is close of NY. This gives me NY pivots. All charts have this set the same.

Option 3, well I can't say. The default Forex session times are still 17:00 for both begin and end.

Let me just wait until 17:00 NY time and I will see what happen with the new daily pivots, fibs etc.

Thanks very much for your help

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honkin View Post
The strange thing is, Fat Tails, that the data rights itself at some point. I have just loaded NT and that same GBP/USD chart and the pivots, HLC are all spot on to the pip.

I will check out what happen when 9am come local time, as that is session rollover time, as it will be 17:00 in NY. I will be interested to see what happen then

Option 1 may certainly be possible, but then why would it miraculously fix itself?

Option 2 is not possible. Under Chart Properties I have Session Begins and Ends Local time as 9am, which as I said is close of NY. This gives me NY pivots. All charts have this set the same.

Option 3, well I can't say. The default Forex session times are still 17:00 for both begin and end.

Let me just wait until 17:00 NY time and I will see what happen with the new daily pivots, fibs etc.

Thanks very much for your help

If it fixed itself, it is probably data related. If you have a problem again, just post a chart showing prior day's and today's data with the pivots. This allows me to see what is happening.

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Fat Tails View Post
If it fixed itself, it is probably data related. If you have a problem again, just post a chart showing prior day's and today's data with the pivots. This allows me to see what is happening.

Hi Fat Tails

OK, today, most charts seem fine, but here is the GBP/USD again. The pivot is out by 7 pips, the H + L are fine, but yesterday's close is out. Close of yesterday was 1.5469 and NT has 1.5446. That will be what is throwing the pivot out.

You can see the white vertical line on the chart. That is the new session. I have 9am to 9am in my session times, which coincides with NY close.

Even when I changed to a 3 minute chart, the close stayed incorrect, whereas it is obvious where the candle closes, right at 1.5469

Any suggestions Fat Tails?

cheers

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honkin View Post
Hi Fat Tails

OK, today, most charts seem fine, but here is the GBP/USD again. The pivot is out by 7 pips, the H + L are fine, but yesterday's close is out. Close of yesterday was 1.5469 and NT has 1.5446. That will be what is throwing the pivot out.

You can see the white vertical line on the chart. That is the new session. I have 9am to 9am in my session times, which coincides with NY close.

Even when I changed to a 3 minute chart, the close stayed incorrect, whereas it is obvious where the candle closes, right at 1.5469

Any suggestions Fat Tails?

cheers


You used the indicator in DailyBars mode, as shown on your chart. In DailyBars mode your indicator uses data from your daily data base. I have no idea who is your data provider for daily data and what data you have loaded into your data base.

The indicator processes that information, so we have a "garbage in -> garbage out" situation.

Before using the indicator in DailyBars mode you need to connect to your daily data provider and update the database. If the data provider cannot supply you with the daily close in real-time, you should either

- use the indicator in CalcFromIntradayData mode
- or change your daily data provider

You can check your daily data by opening a daily chart (not a 1440 min chart).

Also I notice that you selected to display Fibonacci pivots, not floor pivots. But this will not make a difference. The pivots can only be correct, if High, Low and Close are correct.

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Fat Tails View Post
You used the indicator in DailyBars mode, as shown on your chart. In DailyBars mode your indicator uses data from your daily data base. I have no idea who is your data provider for daily data and what data you have loaded into your data base.

The indicator processes that information, so we have a "garbage in -> garbage out" situation.

Before using the indicator in DailyBars mode you need to connect to your daily data provider and update the database. If the data provider cannot supply you with the daily close in real-time, you should either

- use the indicator in CalcFromIntradayData mode
- or change your daily data provider

You can check your daily data by opening a daily chart (not a 1440 min chart).

Also I notice that you selected to display Fibonacci pivots, not floor pivots. But this will not make a difference. The pivots can only be correct, if High, Low and Close are correct.

Fat Tails

Back again and still having some CMI pivot issues.

I am starting to wonder if it is my chart properties. I have my default chart properties set to 9am Australian EST, which is 5pm NY.

It's difficult to explain why it is doing what it is doing. As an example, on a chart of the EUR/USD the indy is showing Y High as what is today's high of 1.3325 today instead of the correct high of yesterday of 1.3434. Yesterday's close is

Yet, when I examine the chart, the data is correct. The high is there at 1.3434, the low is there at 1.3292 and the close is 1.3308. If this data is correct on the chart, why would the CMI show them incorrectly?

Settings are IntraDay = False
Local Session = False
Prior Day HLC = DailyBars
Calculate on bar close = True
Session Times are default, with Forex set to 17:00 for both begin and end.

Any thoughts Fat Tails, as it is doing my head in. My data provider if PFG Best, but if the chart is showing accurate candles, it seems wrong that the data is incorrect

cheers

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honkin View Post
Fat Tails

Back again and still having some CMI pivot issues.

I am starting to wonder if it is my chart properties. I have my default chart properties set to 9am Australian EST, which is 5pm NY.

It's difficult to explain why it is doing what it is doing. As an example, on a chart of the EUR/USD the indy is showing Y High as what is today's high of 1.3325 today instead of the correct high of yesterday of 1.3434. Yesterday's close is

Yet, when I examine the chart, the data is correct. The high is there at 1.3434, the low is there at 1.3292 and the close is 1.3308. If this data is correct on the chart, why would the CMI show them incorrectly?

Settings are IntraDay = False
Local Session = False
Prior Day HLC = DailyBars
Calculate on bar close = True
Session Times are default, with Forex set to 17:00 for both begin and end.

Any thoughts Fat Tails, as it is doing my head in. My data provider if PFG Best, but if the chart is showing accurate candles, it seems wrong that the data is incorrect

cheers

Hi honkin,

I cannot give any help, if you do not give me the necessary information.

I need to see the chart with yesterday's and today's data. I need to know high, low and close values, as shown on the chart. I also need to know whether you use range charts, volume charts or minute charts. I need to know the indicator settings.

All this can be seen on the chart, so please post a chart.

Some hints: You used the indicator in DailyBars mode, so the high, low and close is taken from your daily data, not from intraday data. If the values for high and low are false, there are only two possible explanations

- either your daily data base contains false data (this can be the case, if you use daily data from Interactive Brokers, as NinjaTrader cannot read it properly and mixes it all up)
- or the indicator catches the wrong day for whatever reasons

I suggest that you also post a daily chart, so that we can check your daily data used by the indicator.

Please let me know, who is your data provider. If the daily data is false or incomplete the indicator will produce false results: garbage in -> garbage out.

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Fat Tails View Post
Hi honkin,

I cannot give any help, if you do not give me the necessary information.

I need to see the chart with yesterday's and today's data. I need to know high, low and close values, as shown on the chart. I also need to know whether you use range charts, volume charts or minute charts. I need to know the indicator settings.

All this can be seen on the chart, so please post a chart.

Some hints: You used the indicator in DailyBars mode, so the high, low and close is taken from your daily data, not from intraday data. If the values for high and low are false, there are only two possible explanations

- either your daily data base contains false data (this can be the case, if you use daily data from Interactive Brokers, as NinjaTrader cannot read it properly and mixes it all up)
- or the indicator catches the wrong day for whatever reasons

I suggest that you also post a daily chart, so that we can check your daily data used by the indicator.

Please let me know, who is your data provider. If the daily data is false or incomplete the indicator will produce false results: garbage in -> garbage out.

cheers Fat Tails, but I thought I already gave you the HL+C. The chart itself is accurate, with yesterday's HL+C correlating to what I find online. It's just the indy is not showing what the chart represents. Not sure what other settings you need other than what I just included in my last post. I gave you the only variables that might make a difference. Everything is default.

Here is the chart, but will show no more than the info I gave. Thanks for taking the time to look, though.

Yes, I use range charts, almost exclusively. All my time anchor charts are in MT4. As I said in the last post, my data provider is PFG Best. Not sure how a chart can be correct in showing OHLC yet the indy cannot.

Amy help gladly accepted

cheers

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Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
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Posts: 9,855 since Mar 2010
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honkin View Post
cheers Fat Tails, but I thought I already gave you the HL+C. The chart itself is accurate, with yesterday's HL+C correlating to what I find online. It's just the indy is not showing what the chart represents. Not sure what other settings you need other than what I just included in my last post. I gave you the only variables that might make a difference. Everything is default.

Here is the chart, but will show no more than the info I gave. Thanks for taking the time to look, though.

Yes, I use range charts, almost exclusively. All my time anchor charts are in MT4. As I said in the last post, my data provider is PFG Best. Not sure how a chart can be correct in showing OHLC yet the indy cannot.

Amy help gladly accepted

cheers

You have still not posted any intraday chart, please post your range chart with yesterday's and today's data on.

The bars on the daily chart are too small. Could you make it large please and/or tell me the date and the high, low and close of the last two candles.

If need I can come on Skype now. I will send you a private message with my Skype-ID.

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Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,726 received

On your daily chart there are some fake bars. The last two bars are false. This means that NT 6.5. cannot read data from your data provider correctly.

If you look at the correct daily chart below, you will immediately recognize the difference.

As your daily data is false, the indicator will display false results. Please use a data provider, who is compatible with NT 6.5.

My recommendation is to scrap NT 6.5 and replace it with NT 7.0, as this will work much better.

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