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Here you’ll find our proprietary indicators for NinjaTrader 7 and 8, namely the premium versions of the Session Pivot and VWAP packages, as well as the Zerolag Oscillator and the Auction Bars. These indicators can be used as add-ons to improve any system you currently trade, alternatively you may use them as stand-alone trading tools.
Auction Bars
That the trend is your friend, is probably the single most used line in the trading community. Of course, one may identify trends that last for extended periods of time in higher timeframes, such as daily or weekly charts. This is however rarely the case in intraday trading. Typically there are temporary imbalances that lead to a sudden increase or decrease in price. For a brief moment the market will know where it is heading. But then the sudden move stops and the market returns back to a bipolar mode. The new price levels are now being tested until there’s a new sudden move with a breakout from the trading range. Leading Indicators
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The main idea of the Auction Bars is to identify these sudden shifts in value and to show reversal and breakout bars. Accordingly, the indicator identifies possible reversals patterns, i.e. reversal or spike bar candidates, and what we call Auction Bars that break a current trading range.
For reversal and spike bar, they only get labeled as such once confirmed. The default confirmation requires a price one tick above the high of a key reversal or spike bar up candidate. Opposite, it requires a trade which is priced at least one tick below the low of a key reversal or spike bar for a down candidate.
For Auction Bars, the concept is derived from thrust bars.
However, the close of a bullish Auction Bar is compared to the high of the current auction range instead of the high of the prior bar. A bearish Auction Bar will compare to the low of the current auction range, not the low of the prior bar. Leading Indicators
In order to improve the expectancy for trade entries based on key reversal and spike bars, the Auction Bars indicator comes with certain filters.
For example a key reversal or spike must also be a preliminary swing high or low.
Also, the reversal bar must have a significant range or volume (narrow range and low volume key reversal and spike bars are eliminated). Furthermore, one may also specify that key reversal or spike bars should only appear outside the auction range, or touch the congestion zone.
It is recommended to apply additional price benchmarks as as filters for the Auction Bars. Tests have shown that support and resistance indicators, such as VWAPs, SessionPivots or SupplyDemandZones can be easily combined with reversal bars to improve results. Leading Indicators
The indicator comes with a detailed user manual.
Session Pivots
Session Pivots are a well known trading technique used by market makers and were frequently used by local pit traders to calculate intraday support and resistance points. The technique has been around for decades, and because of its simplicity and efficiency, it is still in use today. Pivots are calculated from the high, low and close of the previous day’s session. This information is available prior to the start of the current day’s session and does not change throughout the day.
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The Session Pivots Indicator package is available for NinjaTrader 7. All indicators are leading indicators and can be used to display Floor Pivots, GLOBEX Pivots or JacksonZones. Floor Pivots are calculated from high, low and close of the regular trading hours. GLOBEX Pivots are based on full session data. Jackson Zones are a symmetrical variation of pivots with the zones based on Fibonacci numbers. JacksonZones can be calculated from both regular and full session data.
The indicators should only be used with session templates that reflect the contractual trading times of the instruments.
In the event that your data provider supplies the settlement price for futures, the indicators have an option to use the settlement price instead of the regular close.
The Session Pivots indicator package comes with 6 different indicators: The daily, weekly and monthly pivots can be used to display main pivot, central pivot, directional pivot and 3 major support and resistance levels, all based on the selected period. The JacksonZones will show the main pivot and two major support and resistance levels with the adjacent Fibonacci zones.
All indicators have an option to add rolling pivots or zones, which are calculated from high, low and close of the prior n days, weeks or months. When the rolling period of the daily pivot indicator is set to 3, the 3-day central pivot or balance point can be displayed.
Furthermore, all indicators allow you to plot pivot projections for the next day, week or month prior to the completion of the current period. The projections are based on the current period high, low and the last traded price. Leading Indicators
For futures contracts that are traded on CME or NYMEX, the indicators allow to calculate correct pivots for extended trading days and take into account current holiday schedules. Leading Indicators
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