TS Yearly

NinjaTrader 8

Custom

Time Study

TS Yearly

• Purpose: Displays the price action for Globex Yearly range.
• Description:
  • Plots price range intervals for the Yearly range
  • Plots use the standard E-widget with Gladiator model
  • Observable patterns may emerge as the Year progresses
  • Simple to grasp the high, low, middle zones
  • User friendly, presets can easily be overwritten on the front end
• NinjaTrader Use:
  • Displayed by an E-widget, using the Gladiator setting. Values can be custom fit by the user. 
  • Preset Sessions: Beginning of Year at Overnight 06:00 pm open to 5 p.m close current year.
  • I like to plot the year open as a reminder.
  • The Three Box System is helpful visually for me.
  • The grey and blue rectangles represent the mid zone +/- one interval.
  • Note top and bottom levels.
• Practical Example:
  • Observe the relative levels to gauge strength of a breakout move or regression trade as price evolves throughout the year.
  • A display box shows the total range for the year.
  • By using a “SBS” (side by side) comparison with the prior year, we can observe breakouts and regression ideas.
  • Note the reactions at the top of the green and bottom of the red rectangular box levels.
  • By comparing the TS Studies, we can see the influence of the OTF players, notably weekly and monthly traders that move the market.
  • Note I have added some moving averages to the study.
  • Current aggressive support on a Yearly basis is the bottom of the red rectangle.
  • The Step by Step method is a logical means of understanding market structure.