The attached indicator, SessionPivots, which is customized upon NinjaTrader built-in Pivots indicator, plots popular pivots such as Floor pivots, Camarilla pivots, and Value Area pivots session by session.The session can be intraday, weekly, and monthly. Following are some additional features on top of built-in Pivots indicator.
1.Popular pivots of Camarilla and Value Area are supported.Value Area is calculated following the way introduced in Mind over Markets-Power Trading With Market Generated Information.
2.Even for Floor pivots, I added 4 more levels. They are R4, S4, TC(top central pivot), and BC(bottom central pivot).
3.Developing pivots are supported. However, for best performance, they will be only calculated in the last session when IsDPShowing is set to TRUE.
4.Various set of pivots can be shown depending on PivotType, which can be set to Floor, ValueArea, Camarilla, FloorAndVA, CamarillaAndVA, and All.
5.Three profile types, VOC/TPO/VWTPO, are supported for Value Are calculation by setting ProfileType.
6.This indicator is developed for NinjaTrader 7.x.
Attached image is a monthly AMD chart, where you can see Floor and VA pivots are plotted on monthly basis. Showing pivots session by session will be very helpful to analyze relationship and trend of pivots. This could be a big advantage when you make trading decision based on these popular pivots.
Comment