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IntraDay Levels V1

merIDLevelsV1 indicator:
I primary use this indicator during my trading to find good levels of entry during my intraday trading of the YM! You can find my journal here : https://nexusfi.com/trading-journals/30483-mergodon-topsteptrader-combine-journal.html and see a lots of good and bad example to use it

Please be advice the paramaters and settings are mainly focusod on YM. I do not know are this levels stand or not stand for any other indexies, commodities etc, but with a proper configuration you can very easly find it out.

Configuration:
- The indicator is quite simple to use. You have to load the default session template 24/7 and based on that timezone you have to setup the regural session start and regural session end time.
- Also you can setup the initial balance period, and the globex session extension level for bigger moves on the market

Hints:
- The levels are calculated from session start (not counting the market closing moves only in case of the Yesterday close time)
- The indicator doesnt calculate perfect timeing on tickchart, just getting the closest closing value. There is no addon for Multiple Time Frame things (Not like Fat Tails advanced indicator, where you have the possibility for exact time calculation). The methadology behind is not to use this levels as signals, more like use this levels to search change in the market conditions
- The indicator was tested on tick chart, if you find any bug please dont hesitate to pm me, I wil do my best to fix the issue
- If you have any other question you can find me in my journal

Change log:
- The old version of this indicator (merTickBasic) was completly rewritten following Fat Tails best pratices, and codebase, and configured it to my taste and use.
- The drawing is using custom plot logic (based on Fat Tails codes, thank you for that!) meaning it should be flawless, and very-very quick

Category NinjaTrader 7 Indicators

Details: IntraDay Levels V1
Category: NinjaTrader 7 Indicators

November 7th, 2014
Size: 6.56 KB
Downloaded: 1320 times

Keywords: ib intraday levels globex regural

Comments/ratings

jlwade123 November 7th, 2014 05:51 PM

Awesome!

fourtiwinks November 18th, 2014 11:46 PM

Thanks very much for sharing, matervisky! Wishing you success in your live combine and may you be a Senior Trader soon..

Tony09 March 18th, 2015 09:04 PM

Thank you, Great Indicator..Using every day now

Cerebro March 2nd, 2019 07:20 AM

Simple, Elegant, Reliable & Useful - Thx!