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X-Day Rolling Pivot

$149 $129

  • License

Description

Returning customers & ninZaFamily members
can get this product at 20% OFF [contact]

Platform

Availability for:

  • NinjaTrader 7 platform: NOT PLANNED
  • NinjaTrader 8 platform: AVAILABLE NOW

Overview

This indicator just works on INTRADAY charts. It does NOT plot weekly, monthly, yearly… pivots.

Rolling pivot is a trading method suggested by Mark B. Fisher in his book “The Logical Trader”. The original version just monitors 3 latest days for pivot calculation, but in our version we allow you to decide the number of days: it can be 3, 5, 7, 10 days… The basic idea is taking into account the highest high, lowest low of the past X days, and the close to calculate the pivot plots.

Fisher’s rolling pivot low & high are displayed as S1 and R1 in our indicator. The area between S1 and R1 is where the market trades without a clear bias. Therefore, our indicator shades this area in yellow to signal traders of a choppy zone where you should not trade.

You should only trade when the market moves out of the choppy zone between S1 and R1. When the market breaches above R1, a bullish phase is established and long trades are favored. When the market breaches below S1, a bearish phase is established and short trades are favored.

In order to help you have targets for long/short trades, we added S2/R2, S3/R3, S4/R4 which are user-defined offsets from the PP line (those new S/R plots are our improvements compared to Fisher’s version).

Especially, we allow you to specify the minimum differential percentage to normalize pivot differential between days, which helps the S/R lines locate better: neither too expanding nor too collapsing.

Key features:

  • Allow configuring the number of days (X)
  • Allow configuring minimum differential percentage
  • Plot pivots of today’s session as well as all the past sessions
  • Plot up to S4/R4 (optionally show/hide each pair)
  • Allow modifying factors to compute S/R levels
  • Colorize PP line to reflect if the market is bullish or bearish
  • Shade the regions between the price & S1/R1 line to reflect whether the market is bullish or bearish
  • Display how bullish/bearish the market is with an innovative ribbon
  • Label each pivot lines (with an optional pivot name)
  • Be NinjaScipt ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScipt signals

NinjaScript readiness:

  • Can be used in Market Analyzer
  • Can be used in Strategy Builder
  • Can be used in BloodHound
  • Can be used in 3rd-party indicators, strategies, products
  • Professional & clean signature for easy calling

Dedicated NinjaScipt signals:

  • Signal_State:

    • Above R4: 5
    • From R3 to R4: 4
    • From R2 to R3: 3
    • From R1 to R2: 2
    • From PP to R1: 1
    • From PP to S1: -1
    • From S1 to S2: -2
    • From S2 to S3: -3
    • From S3 to S4: -4
    • Below S4: -5

Compatibility:

  • Instruments: CFDs, forex, futures, indices, options, stocks
  • Interval types: timebased or non-timebased, standard or custom
  • Chart styles: whatever

Usability:

  • Ready to use out of the box
  • Fully configurable & customizable with ease

Media

Installation

Please read Installation Guide for details.

Support

FREE support for life! Feel free to ask us anything, anytime.
In NinjaTrader 8 platform, you even have access to our PRIORITY SUPPORT directly from chart.
Please read Customer Service for details.

Upgrade

All upgrades for NinjaTrader 7 and NinjaTrader 8 are FREE to request.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.

Terms

ALL SALES ARE FINAL & NON-REFUNDABLE!
Upon purchasing this indicator, you agree to be bound by Terms of Service.

Various types of indicators, all under one roof.
Please check out all of our NinjaTrader 8 indicators.

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