Floor Pivots Indicator for NJ8

[rezamerik]

Hi there - are the Pivots indicator in NJ8 same as Floor Pivots calculated as follows?

R3 = R1 + (High – Low)
R2 = Pivot + (High – Low)
R1 = 2 × Pivot – Low
Pivot = (High + Low + Close)/3
S1 = 2 × Pivot – High
S2 = Pivot – (High – Low)
S3 = S1 – (High – Low)

I cannot see the calculations that's why. If that is not it, is there a built-in indicator for floor pivots based on the abovementioned calculations? Thanks!

[NinjaTrader_BrandonH]

Hello rezamerik,

Thanks for your post.

Yes, the Pivots indicator that comes with NinjaTrader uses the calculations you shared. From the Pivots indicator script:

pp = (currentHigh + currentLow + currentClose) / 3;
s1 = 2 * pp - currentHigh;
r1 = 2 * pp - currentLow;
s2 = pp - (currentHigh - currentLow);
r2 = pp + (currentHigh - currentLow);
s3 = pp - 2 * (currentHigh - currentLow);
r3 = pp + 2 * (currentHigh - currentLow);

To view how the Pivots indicator is calculated, you could open a New > NinjaScript Editor window, open the Indicators folder, double-click on the Pivots file, and note lines 190-196.

Please let us know if we may assist further.