NTSvePivots

[Christopher Leggit]

hello i would like to understand more about these pivots, what are the R1M, R2M, R3M, S1M, S2M, S3M?

https://ninjatraderecosystem.com/user-app-share-download/ntsvepivots-indicator-nt8/

i understand the Camarilla pivots work well with the nasdaq futures.

What were these NTSvePivots designed for?

I have read the article listed on rhe ecosystem site

S&C article titled ‘The V-Trade Part 3: Technical Analysis - Fibonacci Projections and Daily Pivots' by Sylvain Vervoort.

Referenced article:

http://traders.com/Documentation/FEEDbk_docs/2018/12/TradersTips.html

[NinjaTrader_Jesse]

Hello Christopher Leggit,

The PDF from the article on stocks and commodities would be the best way to learn about that indicator, the code for that script was mirrored from another platforms indicator so we would have no specifics on how it works besides that article. The plots you are referring to are support and resistance lines. The calculation for the plots would be the following items:

r1m = (r1 - pp) / 2 + pp;
s2m = (s1 - s2) / 2 + s2;
r2m = (r2 - r1) / 2 + r1;
s3m = (s2 - s3) / 2 + s3;
r3m = (r3 - r2) / 2 + r2;