NexusFi: Find Your Edge


Home Menu

 





ZN Newbie question


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one NMTrader with 3 posts (0 thanks)
    2. looks_two Big Mike with 2 posts (2 thanks)
    3. looks_3 sharky with 1 posts (0 thanks)
    4. looks_4 zeller4 with 1 posts (0 thanks)
    1. trending_up 4,806 views
    2. thumb_up 2 thanks given
    3. group 5 followers
    1. forum 8 posts
    2. attach_file 1 attachments




 
Search this Thread

ZN Newbie question

  #1 (permalink)
 
NMTrader's Avatar
 NMTrader 
New Mexico, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES
Posts: 77 since Jun 2009
Thanks Given: 30
Thanks Received: 43

Can someone please explain and demonstrate how to calculate $ on the ZN? This is the first time I have ever traded an instrument that deals with fractions. I have googled for hrs now and only get the same "spec" info for the zn which so far has only served to confuse me even more. I know 1 tick is equal to $15.625 and that is it. I know it is probably going to be something real simple but please understand I tend to make things harder at times

Regards, NMTrader
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Better Renko Gaps
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,538

It is listed in 1/64 fractions. Price goes from 000 to 315 (a total of 320) in increments of 5. So:

116'000 <example entry, flat>
116'005 +1 tick
116'010 +2 ticks
116'015 +3 ticks
..
..
116'310 +63 ticks
116'315 +64 ticks
117'000 +65 ticks

Hopefully I got the math right there lol

What makes things more interesting is Ninja does the conversion for charting and DOM, but all the indicators and such paint in decimals so if you have Price Markers turned on or use NinjaScript strategies then it can be "fun".

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #3 (permalink)
 zeller4 
Orlando Florida
 
Experience: Intermediate
Platform: NT8
Trading: CL, NQ, ES, RTY
Posts: 477 since Jun 2009
Thanks Given: 1,416
Thanks Received: 404



NMTrader View Post
Can someone please explain and demonstrate how to calculate $ on the ZN? This is the first time I have ever traded an instrument that deals with fractions. I have googled for hrs now and only get the same "spec" info for the zn which so far has only served to confuse me even more. I know 1 tick is equal to $15.625 and that is it. I know it is probably going to be something real simple but please understand I tend to make things harder at times

Hi NM Trader,

I have the same problem... I've written a couple small scripts to try and identify the current price in decimals, the most recent price move in a swing, or anything that can help me get a grip on the type of moves that ZN makes.
These scripts aren't fully developed since the decimals aren't worked out and I'd rather see how much the current move is producing since the last swinghigh or swinglow.

anyway, if you modify this in someway to further your understanding, I hope it helps.
Kirk

Attached Files
Elite Membership required to download: ZN_Dollar_Difference.zip
Reply With Quote
  #4 (permalink)
 
NMTrader's Avatar
 NMTrader 
New Mexico, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES
Posts: 77 since Jun 2009
Thanks Given: 30
Thanks Received: 43

Thanks BM and Zeller4. This has opened up yet another world (or is it another can of worms). It will take a some getting used to but in time.

Zeller4, I'll play around with the indicator and let you know if I have any suggestions or questions.

Regards, NMTrader
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #5 (permalink)
 
sharky's Avatar
 sharky 
MIAMI,FL
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, tradingview
Broker: Private
Trading: Crypto and natural gas
Posts: 1,063 since Jun 2009
Thanks Given: 625
Thanks Received: 3,906

most of my friends calculate it on a spread sheet...sharky

Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
 
Ausy Mick's Avatar
 Ausy Mick 
Florida
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 69 since Jun 2009
Thanks Given: 45
Thanks Received: 65

Something that I do, is to keep the gridlines active on my chart. In chart properties I have my gridline interval set to 4. This way I know that 1 tick = $15.625 and that 4 ticks = $62.5. (I kinda think in "ES" terms )

Also Sharky's spreadsheet idea works very good.

Good trading - Mick

Reply With Quote
  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,538


Ausy Mick View Post
Something that I do, is to keep the gridlines active on my chart. In chart properties I have my gridline interval set to 4. This way I know that 1 tick = $15.625 and that 4 ticks = $62.5. (I kinda think in "ES" terms )

Also Sharky's spreadsheet idea works very good.

Good trading - Mick

I also apply "points" to the ZN in the same way I used to apply them to the ES, 4 ticks = 1 point. I've traded ES too long to not apply "points" to the other stuff

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #8 (permalink)
 
NMTrader's Avatar
 NMTrader 
New Mexico, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES
Posts: 77 since Jun 2009
Thanks Given: 30
Thanks Received: 43

Good suggestion Mike. I'll try that!

Regards, NMTrader
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #9 (permalink)
 
LordAlfa's Avatar
 LordAlfa 
Scarborough, Ontario
 
Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker: Mirus/Zenfire
Trading: CL, EURUSD, 6E
Posts: 88 since Jul 2009
Thanks Given: 7
Thanks Received: 49

Just use the ticks. Nothing else matters as long as it is +.

Follow me on Twitter Reply With Quote




Last Updated on July 19, 2009


© 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