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I'm trying to get the indicator to plot levels for a 20 minute opening range that starts from 9:30 AM no matter what I play with I cant seem to get it to work. I've attached my settings is something of that's causing it not to work?
The contractual trading session for ES 06-15 is 5:00 PM Central Time to 4:15 PM Central Time. Please make sure that you use a proper session template that reflects the contractual trading times.
-> the trading day starts at 5:00 PM
-> please set select RTH session to "First", if you use a session template which is not subdivided into night session, regular session and evening session
-> set the offset to 15:30 (this shifts the opening range start time from 5:00 PM Central to 8:30 Central)
-> set the opening period to 0:20 min
-> the Asian session cannot start at 5:00 PM Eastern, as this would be prior to the start of the trading day
-> the European session cannot start at 9:30 AM Eastern, as this would be the US session
Thanks for the reply, but it still won't plot A values.
I made the following changes.
Changed RTH session to #1 as I'm using the CME US Index RTH template session
Changed the offset to 15:30
Changed the opening period to 00:20
Changed Asian session to 8:00 to 13:30
European session to 13:30 to 8:00
I've attached the parameters again. Sorry I'm probably missing something very obvious but I haven't used NT in a long time and the only reason I'm playing around with it now is because I found your indicator. Thanks for the help.
Thanks for a great series of posts. Could I ask how, in practice, you handle the time factor that mark Fisher puts empasis on - price staying at A for 1/2 the duration of the OR; price not staying too long inside the pivot range for pivot range trades; price staying too long at a level when you are in a trade.
I can think of a number of approaches - each requiring different levels of intensity and systematic or intuitive approach and some comments on how you approach this aspect woudl be interesting
- tape watch when price reaches a level
- watch short time frame bars (eg 1 min) and whether their closes and/or hi/lo stay at or above A level and / or don't retrace back into OR
- watch longer time frame bars (e.g. 1/2 opening range duration) for the same things
Would it be possible to get a copy of your ACD coding? I am new to this and would be interested in utilizing some of Fishers concepts. I am currently using thinkorswim. Not really sure if the coding is directly transferrable across all platforms.