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Time zone - open/high/low
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Time zone - open/high/low

  #1 (permalink)
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Time zone - open/high/low

i have the day's open, high, low on my chart.

My question is do these plot based upon the time on my charts (in my time zone) or based upon the opening according to instruments exchange opening.

Does it matter? If it does, how can you change the plots to synch with the actual recognized open, high, low without changing the charts times.

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  #3 (permalink)
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TrendTraderBH View Post
i have the day's open, high, low on my chart.

My question is do these plot based upon the time on my charts (in my time zone) or based upon the opening according to instruments exchange opening.

Does it matter? If it does, how can you change the plots to synch with the actual recognized open, high, low without changing the charts times.

For what platform?

You should use sessions for the instruments, matching the Exchange times. It should always been in Exchange time. There are two sessions, RTH (cash/day) and ETH (globex/overnight/24h).

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  #4 (permalink)
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For NinjaTrader you can use Fat Tails Opening Range V38 with the offset function Downloads - NinjaTrader 7 Indicators - Big Mike's Trading Forum

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  #5 (permalink)
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I'm using NT

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  #6 (permalink)
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Mike, which is more important to be synched with - RTH or ETH?

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  #7 (permalink)
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TrendTraderBH View Post
i have the day's open, high, low on my chart.

My question is do these plot based upon the time on my charts (in my time zone) or based upon the opening according to instruments exchange opening.

Does it matter? If it does, how can you change the plots to synch with the actual recognized open, high, low without changing the charts times.

Yes, it matters. You should plot the open, high and low according to the trading day as per contract specifications. Some examples

Electronic Trading Hours (ETH)

ES, YM, NQ (Globex): 3:30 PM CT - 3:15 PM CT
CL, GC, SI (NYMEX): 6:00 PM EST - 5:15 PM EST
ZB, ZN : 5:30 PM CT - 4:00 PM CT
6E, 6J, 6B : 5:00 PM CT - 4:00 PM CT

Regular Trading Hours (RTH)

ES, YM, NQ (Globex): 8:30 PM CT - 3:15 PM CT
CL, GC, SI (NYMEX): 9:00 AM EST - 2:30 PM EST
ZB, ZN : 7:20 PM CT - 2:00 PM CT
6E, 6J, 6B : 7:20 AM CT - 2:00 PM CT

To catch both ETH and RTH session use an appropriate session template and download the SessionPivotsV38 indicator

https://futures.io/download/ninjatrader-7/indicators/371-download.html

It includes the anaCurrentDayOHLV38 indicator, which plots open, high, low according to the selected session as per chart session template. If you just want to plot the Globex night session high and low, you can use the OpeningRangeV38 indicator, which can be found here:

https://futures.io/download/ninjatrader-7/indicators/620-download.html?view

Make sure that you use the proper session template for each instrument. The best solution is to set the session templates in the instrument manager and only open charts with <instrument settings>.

Below are a couple of charts for ES.

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  #8 (permalink)
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Thanks for the reply. Not to appear dense but what is a "session template"?

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TrendTraderBH View Post
Thanks for the reply. Not to appear dense but what is a "session template"?

LOL.

Each instrument has its own trading times. Those trading times are part of the contract specifications, as available on the CME website. ES closes at a different time than ZB, and ZB closes at a different time than CL, etc.

If you want to display a chart correctly, you need to select the appropriate trading times for each instrument. Many indicators, such as the CurrentDay OHL, the Pivots, the Opening Range rely on that information. For this purpose NinjaTrader allows to enter session templates, which store both the time zone of the exchange and the trading times. This is a three step process:

-> first you need to create the session template via the session manager
-> in a second step you need to link the instrument to the appopriate session template
-> then you can open a chart with the session template <instrument settings>

Now the chart automatically catches the correct trading times for the instrument, and the indicators will automatically use this information to calculate the values that you need for your trading. If you are living in a different time zone then the exchange, NinjaTrader will automatically shift all times according to the different daylight savings schedules.

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  #10 (permalink)
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I'm working on setting this up correctly.

How do you do this?

"To catch both ETH and RTH session use an appropriate session template"

As it seems that you can only select one or the other at a time.

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