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Pivot Point Calculation
Updated May 31, 2011
Pivot Point Calculation
September 3rd, 2010, 12:20 PM
Berlin, Europe
Market Wizard
Experience: Advanced
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Attached Files
Elite Membership required to download: DailyPivots_Calculation.xlsx
Can you help answer these questions from other members on NexusFi?
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September 3rd, 2010, 03:55 PM
Quebec Canada
Market Wizard
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Do you know if there is an indicator that can plot both wide and narrow pivots for NT6.5 ? Presently i am using CMIPivotsDaily_V75 but i can't set wide or narrow. By default, narrow is used.
September 3rd, 2010, 05:50 PM
Berlin, Europe
Market Wizard
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trendisyourfriend
Do you know if there is an indicator that can plot both wide and narrow
pivots for NT6.5 ? Presently i am using CMIPivotsDaily_V75 but i can't set wide or narrow. By default, narrow is used.
I hate touching NT 6.5. again, otherwise it takes a few minutes to modify the indicator.
You could consider moving to NT 7.0, the SessionPivotsV23 indicator plots both wide and narrow pivots.
September 4th, 2010, 05:21 AM
Berlin, Europe
Market Wizard
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Here is a special version for Yvan including wide pivots . Only use it with NinjaTrader 6.5.
For NinjaTrader 7.0 use SessionPivots from the appropriate download section.
Attached Files
Elite Membership required to download: SessionPivotsV86.zip
September 4th, 2010, 05:12 PM
Quebec Canada
Market Wizard
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Fat Tails
Here is a special version for Yvan including wide
pivots . Only use it with
NinjaTrader 6.5.
For NinjaTrader 7.0 use SessionPivots from the appropriate download section.
Thanks, can it plot both levels with one instance or do i need to use two instances to get wide and narrow pivots ?
September 4th, 2010, 06:44 PM
Berlin, Europe
Market Wizard
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trendisyourfriend
Thanks, can it plot both levels with one instance or do i need to use two instances to get wide and narrow
pivots ?
It either plots narrow or wide. But remember that the difference only shows on the levels S3 and S4. For many trading days this is irrelevant.
This is what you can do:
-> After a narrow range balancing day, deactivate midpivots and set the pivots to "wide".
-> After a trending day activate midpivots and set the pivots to "narrow".
Do not ask me to automate this.
September 4th, 2010, 08:02 PM
Quebec Canada
Market Wizard
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Fat Tails
It either plots narrow or wide. But remember that the difference only shows on the levels S3 and S4. For many trading days this is irrelevant.
This is what you can do:
-> After a narrow
range balancing day, deactivate midpivots and set the
pivots to "wide".
-> After a trending day activate midpivots and set the pivots to "narrow".
Do not ask me to automate this.
Interesting and logical. Nice tip. I'll proceed that way as it makes sense and it's a way to adapt to the current condition. To automate this action, it would need to detect yesterday range and make a decision accordingly.
September 5th, 2010, 06:14 AM
Berlin, Europe
Market Wizard
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trendisyourfriend
Interesting and logical. Nice tip. I'll proceed that way as it makes sense and it's a way to adapt to the current condition. To automate this action, it would need to detect yesterday
range and make a decision accordingly.
I have rapidly made the changes of the pivots indicator. Could you please test, whether it works properly?
I have not yet tested it myself, as I do not use NT 6.5. anymore. Thank you.
September 5th, 2010, 07:01 AM
Italy - Roma
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Fat Tails
Short explanation on narrow and wide
pivots . I added the formula for wide pivots on your spreadsheet....
Thank you Fat Tails, I see you're growing...
September 5th, 2010, 07:07 AM
Berlin, Europe
Market Wizard
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jagui
Thank you Fat Tails, I see you're growing...
Yep, putting on weight, need some exercise.
Last Updated on May 31, 2011