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Hourly Pivots (amaPivotsHourly)
Version 1.0 January 14, 2019
The
Hourly Pivots
indicator applies the calculation used for daily floor pivots to intraday time frames. The indicator displays pivots for any selectable period of N minutes. All pivots are calculated from the high, low and close of the prior N-minute period. The pivots can be displayed as floor pivots, wide pivots or Fibonacci pivots. The indicator further plots the pivot range, which is a value area derived from the prior N-minute period.
The default setting of the indicator is 60 minutes. With default settings the indicator will display hourly pivots including the Main Pivot PP, Central Pivot CP, Directional Pivot DP, Pivot Range, R1, R2, R3, R4 S1, S2, S3 and S4. The first period always starts with the daily session break. Depending on the period selected, the last period of the session may terminate before completion. It will not carry over to the first period of the next session.
Pivot range:
The pivot range is the range between CP and DP. It is a symmetrical range around the main pivot PP.
Prior high, low and close:
The indicator also displays the high, low and close for the prior N-minute period. These levels often act as support or resistance for the consecutive N-minute period.
Pivot formulas:
All options: H = prior day high, L = prior day low, C = prior day close, X = H - L
Main Pivot: P = (H+L+C)/3
Central Pivot: CP = (H+L)/2
Directional Pivot: DP = 2*P - CP
Floor Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R1 + X, S3 = S1 - X, R4 = R3 + (P-L), S4 = S3 - (H-P)
Wide Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R2 + X, S3 = S2 - X, R4 = R3 + X, S4 = S3 - X
Fibonacci Pivots: R1 = P + 0.382*X, S1 = P - 0.382*X, R2 = P + 0.618*X, S2 = P - 0.618*X, R3 = P + X, S3 = P - X, R4 = P + 1.382*X, S4 = P - 1.382*X
Category
NinjaTrader 8 Indicators and More
Details:
Hourly Pivots (amaPivotsHourly)
Category:
NinjaTrader 8 Indicators and More
January 22nd, 2019
Size: 8.29 KB
Downloaded: 1459 times
Keywords:
fibonacci
floorpivots
high
hourly
low
pivots
resistance
support
2038
Fat Tails
Comments/ratings
skfutures
January 22nd, 2019 05:39 PM
No Comment
zohar
January 25th, 2019 07:06 PM
Thanks for sharing looks good.
Buscador
April 6th, 2019 04:59 PM
Thanks for sharing another thought out indicator. Should be very useful.
patfaninba
July 14th, 2019 03:22 PM
Thank You !
rijas
December 15th, 2019 10:02 PM
THANK YOU
Jelelg
August 12th, 2020 12:24 PM
No Comment
Suraj
November 20th, 2020 10:04 AM
Thanks - had been looking for this for a while
interactivetrader
January 6th, 2021 02:46 AM
Thanks, it saved me money.
215soleout619
December 20th, 2021 08:14 AM
Thank you for the awesome product.
ballhaj
November 12th, 2022 09:00 AM
tanks for sharing
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