Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jmi88

Floor Trader Pivot Code Help....

Recommended Posts

Im plotting my daily pivot numbers that use the previous days OHLC of the FULL session...i.e. mini dow from 18:15 to 16:00 the next day. I modified the 'Floor Trader Pivots' indicator and just put in my formula in lieu of the other, but that dosent really matter cause its just a differnet mathmatical formula...but when I apply it to a chart with the sessions set at either 24 hours or 18:15-16:00 it starts the new day at midnight always, I cant seem to get it to use the data crossing over into a new day.....It works fine if I just use the pit session only data cause its just encompassing one day, not over midnight...I was wondering if there is there a way to use the data from a session that goes overnight as most markets do?

 

 

This is the original "floor traders pivots" code..like I said if you plot it with a session that goes overnight it uses data begining at midnight as the new day, I'd like it to use the data from i.e. 18:15monday-16:00tuesday. Thanks for any help.

 

Plots lines at floor trader pivot levels, based on the following formulae: 

Resistance Level 3 = R3 = R2 + YestHigh - YestLow 
Resistance Level 2 = R2 = PP + YestHigh - YestLow 
Resistance Level 1 = R1 = PP * 2 - YestLow 
PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3 
Support Level 1 = S1 = PP * 2 - YestHigh 
Support Level 2 = S2 = PP - YestHigh + YestLow 
Support Level 3 = S3 = S2 - YestHigh + YestLow 

Input specifies whether R3 and S3 are plotted in addition to the 5 lines at PP, S1, 
S2, R1, and R2. 
} 

inputs: 
  Plot_5or7( 5 ) ; { if 7, adds plots for S3 and R3 to other 5 lines } 

variables: 
   S1( 0 ), 
  S2( 0 ), 
  S3( 0 ), 
  R1( 0 ), 
  R2( 0 ), 
  R3( 0 ), 
  PP( 0 ), 
  TodaysHigh( 0 ), 
  YestHigh( 0 ), 
  TodaysLow( 0 ), 
  YestLow( 0 ), 
  TodaysClose( 0 ), 
  YestClose( 0 ), 
  Counter( 0 ) ; 

if Date <> Date[1] then 
  begin 
  { increment Counter to be sure enough data is processed - see comment below } 
  Counter = Counter + 1 ; 
  YestHigh = TodaysHigh ; 
  YestLow = TodaysLow ; 
  YestClose = Close[1] ; 
  TodaysHigh = High ; 
     TodaysLow = Low ; 
  PP = ( YestHigh + YestLow + YestClose ) / 3 ; 
  R1 = PP * 2 - YestLow ; 
  R2 = PP + YestHigh - YestLow ; 
  R3 = R2 + YestHigh - YestLow ; 
  S1 = PP * 2 - YestHigh ; 
  S2 = PP - YestHigh + YestLow ; 
  S3 = S2 - YestHigh + YestLow ; 
  end 
else 
  begin 
  if High > TodaysHigh then 
     TodaysHigh = High ; 
  if Low < TodaysLow then 
     TodaysLow = Low ; 
  end ; 

if Counter >= 2 and BarType < 3 then { if at least one full day's data has been 
processed and chart bar interval is daily, intra-day, or tick bar then plot } 
  begin 
  if Plot_5or7 = 7 then 
     Plot1( R3, "R3" ) ; 
  Plot2( R2, "R2" ) ; 
  Plot3( R1, "R1" ) ; 
  Plot4( PP, "PP" ) ; 
  Plot5( S1, "S1" ) ; 
  Plot6( S2, "S2" ) ; 
  if Plot_5or7 = 7 then 
      Plot7( S3, "S3" ) ; 
  end ; 

Share this post


Link to post
Share on other sites

jmi88,

 

Here is a few things to consider... Your code has an if statement like this "if Date <> Date[1]". This code will kick off on the new day at midnight. Also, check the session that you're using for the chart. If you're still having problems, post a picture of the chart with the indicator, your session settings, and your timezone and I'll try to help.

 

Regards,

Antonio

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.