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Fat Tails
I've read the thread and tried the indicators as mentioned but I haven't been very successful.
What I want to have is a chart with:
(1) Globex Session (US Futures) High and Low marked for RTH
(2) Yesterdays High and Yesterdays Low for Today's RTH
(3) 1st hour's Opening Range
I can get YH/L and the 1st Hour's Opening Range
But I can't seem to get the Globex session indicated correctly on a chart
I've used PriorDaysOHLC on a globex session chart but that plots the GLobex High/Low the day after (see chart/image for clarification)
Is it possible to use any of your indicators to plot the Globex Sessin High/Low correctly?
(I've tried playing around with Session Templates and adjusting the time parameters in the indicators but that has not worked)
I assume that you use the session template CME US Index Futures ETH for your chart.
(1) The Globex (night) session high and low can be displayed via the anaOpeningRangeV42 or the anaOpeningRangeV42MTF indicators. The indicator is preset for use with a session template that subdivides the trading day into three sessions. As you use it with a simple session template, you need to select different settings. Please set
"Select RTH session" = "First" (there is only one session, "Auto" would select the second session)
"Offset" = "+ 15:30" (to shift the opening range 15 hours and 30 min forward from 5:00 PM Central to 8:00 AM Central)
"Opening period" = "1:00" (one hour opening range)
(2) To display yesterday's high and low you would use the pivots indicator. I have not understood from your post whether you wish to display the ETH or the RTH high and low.
ETH (full session) high and low: Set the indicator to "CalculateFromSession" = "ETH" and will display yesterday's full session high and low. If you have a datafeed (such as Kinetick EOD) that supplies daily data for the full session, you can alternatively set the pivots indicator to DailyBars.
RTH (regular session) high and low: Set the indicator to "CalculateFromSession" = "RTH" and will display yesterday's regular session high and low. However, there is a catch. You need to tell the indicator the start and end times of the regular session for NQ. This is done via the session template. You need to use a session template to subdivide the trading day into the night session, the regular session and the evening session. If you have a datafeed (such as Rithmic or CQG) that supplies daily data for the regular session, you can alternatively set the pivots indicator to DailyBars. In this case the three section session template is not required.
Here is a chart with yesterday's ETH high and low:
And here is a chart with yesterday's RTH high and low:
Hi Fait Tails, quick question. Is there a way that I can use your indi to plot particular ranges in particular times? For example, once crude opens, I use the 7am to 9am Hi/Low levels to trade out of, but in the ES I use the 5am to 9am Hi/lo levels. Is there a way that I could manually change the times that the indi will mark the ranges? And is there a way I could make it into a strategy by using a one minute chart? One of the setups I've been working on is the following
ES - 240 min chart - Range between 5am to 9am
Plot hi/low
Buy the level low when price crosses back after breaking it, and sell the high level when price crosses back down after crossing up. Hope it can be understood.
I would like to run some strategy tests of different ideas base on these levels, and use the one minute chart to see how many entries there are at those levels and such.
The indicator allows for displaying high and low of the "European session". Now this can be any session, for example you can define a "session" in Eastern time that lasts from 7:00 AM to 9:00 AM in the morning and then display high and low for this session.
The chart below shows high and low of your pre-session (it is labeled EU-High and EU-Low, but you can easily change the labels inside the code, if you do not like them).
Accordingly, you can use the period from 5:00 PM to 9:00 PM for ES, if you like.
The pre-high and pre-low are exposed and can be accessed by an automated strategy.