Trading Hours

[tonynt]

Hello,

when I have "use instruments settings" in parameters the indicators (pivots...) are plotting on mondays including calculations from Sunday. When I switch to 24x5 then the other days of the week the levels are not plotted with same prices as we have in a traderoom (that coincides with "use instrument settings", unless mondays).

Why is 24x5 different from "use instrument settings" when Sunday markets are closed?
How can one resolve this for having correct plottings from Monday to Friday?

Thank you!
Tony

[QuantKey_Bruce]

Because 24x5 is midnight to midnight EST, Monday through Friday. You can see all this yourself by going to Tools -> Trading Hours and choosing Default 24 x 5 or the default for your instrument - for instance ES is CME US Index Futures ETH. When you compare the two, you'll see that one includes the Sunday evening session, and one does not because it's Monday through Friday, Midnight to Midnight. That's the meaning of 24 x 5 as it is defined in the trading hours.

[tonynt]

Of course. The question is how to get settings from Monday-Friday so that on Monday its plotted correctly.

[bltdavid]

How can one resolve this for having correct plottings from Monday to Friday?

Isn't everyone in the trading room supposed to be using the same settings
on their charts?

I'm not sure you're gonna get there any other way.

-=o=-

@Pivots.cs uses daily HLC values, so the Sunday Open is ignored.

But the daily High or Low could occur during the Sunday session, that is,
if it happens before Midnight, well, you ain't gonna see that with 24x5.

Both 24x7 and 24x5 force lies upon your charts. They make your charts
think the session closed and immediately re-opened at Midnight, which
is total baloney.

I don't know why some traders and trading rooms insist on using those
trading hours -- I've never seen it adequately explained that identifies
anything of real value.

-=o=-

The only time I ever use 24x7 is with Simulated Data Feed.

How come?
Because, on weekends, that's how you force that puppy to work.
So, in my mind, if I'm using SDF, I'm also using 24x7.

Just my 2˘.

[tonynt]

I have to rephrase my question (english is not my language, I did not describe accurately...) Let me try again:

in the attached screenshot the pivots are "use daily bars" on the left chart and on the right chart its "calculated from intraday data". My question was not correct as I was referring to the trading-hours.

Why are pivots different from "use daily bars" and "calculated from intraday data"

Thank you!

[NinjaTrader_Clayton]

Hello Tonynt,

Thank you for the message.

As the other users have suggested in this forum, the various Trading Hours templates are defined within the platform and you can use the suggested Instrument settings, select a different trading hours template, or create your own custom template for the times and days you want plotted and considered on the chart. Ultimately, the trading hours template that is used is completely up to the user.

• If you want to create your own, I suggest "Copying" one of the templates that most closely matches your desired days/times and then adjusting it accordingly. This ensures it has a Unique name and that you easily copy over all of the Holidays.
• Please see the link below for more information on creating and modifying a Trading Hours Template:
  • https://ninjatrader.com/support/help...urs_window.htm

As a side note:
Daily Charts are not affected by the Trading Hours template as they are built using Daily bars which come from the provider as a Daily bar.

A 1440 Minute chart (Number of minutes in a day) would be affected by the Trading hours template since it is being built from Minute Bars and then refined by the Trading Hours template.

Please let us know if we may provide any further assistance.

[bltdavid]

Why are pivots different from "use daily bars" and "calculated from intraday data"

That's probably due to your data provider.

Many data providers adjust the Daily Close price to match the settlement price.

When using 'Calculated from intraday data' the last price of the session is taken
as the Daily Close price. That is, the bars on the chart are used, so the close
price of the last bar of the session assumes the role of the Daily Close.

A Daily Close which is settlement adjusted is rarely the same price as the
actual last price of the last bar of the session.

To know if your data provider adjusts the Daily Close to the settlement price,
look at this page ... then scroll to the far right for the last column.