Does Wyckoff have way to guestimate just how far the Emini NASDAQ100 Futures will drop?

StockJock,
be careful with NinjaTrader P&F intraday charts. They are wrongly constructed by Ninja. They know it but don't care. The session end starts a new P&F Box , which is wrong. P&F charts based on daily are OK as far as I know.

[COLOR=#0000ff]NinjaTrader_Brett[/COLOR]
NinjaTrader Customer Service

Yes this is in fact the case as we do start a new bar at the start of a new session. This is the same with all tick based charts (Tick/Range/PnF/ etc.).

Basically with building bars you have to choose one way or another with an approach to building these bars.

How the chart looks depends on where you start the chart and how much data is loaded.

For example lets us consider a Range chart, a range start loading 2 days back of data compared to a range chart loading 3 days back of data will give completely different results for the current day that is the same in both charts. The reason is the start price being different completely changes all the reference points for the range chart moving forward.

What we did so that everyone charts look the same is reset the charts every day, this normalizes everyone's charts and gives everyone the same start point at the beginning of the day so that each day the charts look the same.

This was a design decision we made and we had to essentially take the lesser of two evils if you will and that's what we decided to implement.

NinjaTrader is of course flexible enough that you can code in your own bars if you do not like this via custom programming.

We are looking into adding an option for this in our next major release however that is still sometime down the road and I cannot confirm at this time if this feature would be added.

-Brett

each PnF calculation starts at the opening of each day and is not carried over to the next day. Is this what you are trying to tell me?

Yes puma, it appears that your statement is correct. I suspect that means that each PnF calculation starts at the opening of each day and is not carried over to the next day. Is this what you are trying to tell me?

If someone if competent in programming C# language, this can be changed. For that matter, the PnF charts can also be reprogrammed to perform the Wyckoff PnF charting calculations which is different from other PnF calculations. For anyone willing to make these changes, I've attached the chart type code file for NJ7 that is located in My Documents / NinjaTrader 7 / bin / custom / type / @BarTypes.cs

If you post this request of the bar type in the "program your indicator for free" thread someone may be able to do it. Just need to let them know what it is you want. I am of no help on this.

I can't find the thread. Do you have a link to it ("program your indicator for free")?

Here you go. I had the name wrong. This would be for ninja. There is one for tradestation as well.

Want your NinjaTrader indicator created, free? Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader. The programmers on the forum (there are many), …

No wonder I couldn't find it. I have to pay $50 to request for a free indicator programmer.

The markets have been focused with the Fed doing QE3. This has added liquidity to both bonds and stocks, which has caused them to rally over the past many months. Without the liquidity pumped into the market, the market is forced to stand on it's own. So then the markets will be focused on the economy versus the Fed printing money. This most likely will allow bonds to go lower in favor of buying stocks.

Point and Figure charts are the way Wyckoff guesstimated moves.

That is one thread of thousands, only available to members who support the site. It is up to you if you want to support the site, but don't bad mouth what you don't know.

That thread alone is nearly 500 pages and has about 2,000 indicators in it, written and given away completely free from user generated requests and other members completing those requests.