Pivot Points and Floor Pivots

[djkiwi]

Pivot Points S3 and R3 Issue

Hi Guys, I am having may problems getting accurate pivot points to show and have accepted the compromise with cal from intraday bars instead of daily bars.

However there seems to be an error in your formula when calculating R3 and S3. For example using the data below from 31 March for TF (see below copied from excel) I inserted the Hi, Low, and Close into the user defined values of Ninja's Pivots indicators. The attached chart shows the correct pivots (thick bars based on the values below )and agree with the manual calculation with the spreadsheet below. The biggest issue is ninjas S3 and R3 (blue and red lines) which seems to be way off what they should be. Can somebody please check the formula and see what the issue is? Thanks. DJ



TF
1-Apr

Data:
Open 838.8
Hi 843
Low 836.3
Close 841.8

Formulas:
PP 840.37
S1 837.73
S2 833.67
S3 831.03
R1 844.43
R2 847.07
R3 851.13

Calculations:
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
Resistance 1 = 2 * Pivot - Low
Resistance 2 = Pivot + (R1 - S1)
Resistance 3 = High + 2*(Pivot - Low)

[NinjaTrader_Bertrand]

dj, it seems you're referencing a different S3 / R3 formula - the one the default NT indicator uses is listed here - http://www.ninjatrader.com/support/f...ead.php?t=4676

[djkiwi]

Thanks Bertrand. That explains it although I'd be interested in your reference for this. I'm not saying it's wrong but I've not seen your calculation in any literature on pivots.

Anyway another issue I was hoping you could clear up that is causing some bother. I want to show retail pivots on a 24/7 charts. The problem is the pivots seem to calculate based on the session template. So if I select nymex energy RTH session template it gives me the pivots I want but then only shows the retail session.

Thanks again
DJ

[forexample]

Pivots Indicator with Midpoints

Why can't NinjaTrader simply include the Midpoints in their Pivots indicator?

C'mon, how hard can that be?

I've looked at the other indicators posted on the forum. They either require manually entering the prior day's high, low and close values, or come with way too many "bells and whistles."

Every forex chart package I've seen (free charts) simply has the midpoints included in their Pivot indicators?

You're killing me.

[NinjaTrader_Brett]

Hello,

Midpoints could be added into NinjaTrader very easily with custom coding if you need this functionality as this is the power with NinjaTrader is the ability of flexible charts. I will send this into development however as a user requested feature and get a tracking number for you.

Also, DJWiki you can also have the pivots indicators calculations modified by changing the formula of the strategy if you need a different calculation method then industry standard.


You can contact one of our NinjaScript consultants to assist you with coding this or you can use our NinjaScript guide and forums to code this indicator yourself if you are a programmer.


NinjaScript Consultants:

http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm

NinjaScript Help Guide:

http://www.ninjatrader-support.com/HelpGuideV6/Overview17.html

NinjaTrader Support Forum:

http://www.ninjatrader-support2.com/vb/index.php

Strategy Wizard:

http://www.ninjatrader-support.com/HelpGuideV6/Overview41.html

[NinjaTrader_Brett]

Hello,

This has been added to our suggested list with tracking number 824.

Thanks for submitting it.

[djkiwi]

Added

Hi Brett, what specifically has been added? The ability to show retail pivots on different timeframes?

Thanks
DJ

[NinjaTrader_Brett]

The tracking number I posted was for midpoints.

For your suggestion this is tracking number #831

Thanks for bringing this to my attention.

Have a great rest of the day.

[mrcartel]

I am new and I imported the floor pivots. I entered the data for the 6E but the mid points did not appear on my chart after I hit the apply button.

[NinjaTrader_Bertrand]

Welcome to our forums - the currently supplied per default Pivots indicator would not offer the MidPoints to be displayed unfortunately, this is on our list for the future.

[Harry]

Have a look at the SessionPivots indicator:

-> it has an option to display Midpivots
-> it allows to choose from the two different formulas for R3,R4,S3 and S4 (settings floor and wide)
-> you can select between ETH and RTH pivots with the appropiate session template

Download Link (this forum):

http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=4&id=343

[forexmania]

Very good indicator. Thank you.
However it does not work on EUR/USD. Have you a solution?

Have a look at the SessionPivots indicator:

-> it has an option to display Midpivots
-> it allows to choose from the two different formulas for R3,R4,S3 and S4 (settings floor and wide)
-> you can select between ETH and RTH pivots with the appropiate session template

Download Link (this forum):

http://www.ninjatrader.com/support/f...catid=4&id=343

[Harry]

Very good indicator. Thank you.
However it does not work on EUR/USD. Have you a solution?

Of course it works with EURUSD. Post your chart and indicator settings or send me a private message.

[mrcartel]

The session pivots along with the midpoints are working for me trading the 6E

[forexmania]

Yes 6E EUR.USD it's work well. But concerning $EURUSD (forex) no line displays

Thank all for your help

http://img840.imageshack.us/f/pivoteurusd.png/