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Hello - When doing contract rollovers for ES, how do folks retain their existing key levels from previous contracts? In other words, today was the rollover to the March contract, and I had some key levels drawn (e.g. based on Vol Profile) on the Dec contract. However, for the March contract, since the price shifted in ES, those levels are no longer accurate.
Other than manually having to adjust those levels, and sometimes there are quite a few of them, is there a more efficient way to map key levels from old contract into the new contract?
Thanks so much!
Can you help answer these questions from other members on NexusFi?
The only way to prevent this would be to change your NT's Global Merge Policy to ""Merge non-back adjusted".
By default, this is set to "Merge back adjusted", and you will experience this issue every rollover using that setting!
I personally use non-adjusted. Keeping drawn objects in place is a nice plus, but mainly do it because when looking back in time.
I want to see where price actually traded, not some arbitrary adjusted price to make indicators or historical candles look better.
But I'm sure there are others that would disagree and have their own reasons as to why they use whatever setting they do..
Thanks for your reply. I will certainly examine the non-default option in NT for "Merge non-back adjusted". And test it on the next rollover to see how it behaves.
You can actually switch back and forth any time to examine the differences.
Just Make Sure to Redownload/Reload All Historical Data for that Instrument.
Control Center / Tools / Historical Data / Download
or Right Click on Chart then Click Reload All Historical Data
Be Aware Though!!!!!
All Previously Saved Historical Data for that Rolled Instrument will be Lost!
NT8 by default stores historical data in documents/NinjaTrader 8/db/min-tick.
With Historical being saved to hd.. Over Time you can collect Years of data.
Most Brokers only offer 30 days of historical tick data and 100 days of min.
I might suggest you backup your entire db folder before switching first time.
This will allow you to restore just what you had if you elect not to switch.
.
josh
Georgia, US
Legendary Market Wizard
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
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I use back-adjusted charts, because it eases the transition on rollover. However, for longer term levels (for example, ones we're trading again from early 2022), use the cash chart. Futures have rolled 7 times since then and it just doesn't make sense to use anything from 2 years ago except the cash chart. That's just my opinion and there's no right or wrong, as all of this is subjective anyway. But, to back-adjust 7 times to see prices that never actually traded (ES high early 2022 is 5000+ which of course never traded) is bonkers to me. Compare a back-adjusted ES chart to SPY and you will see that a dividend-adjusted SPY chart is very close to SPX, which is what you want.