Getting Indicatives When There Is None- When Instruments Roll On Nadex (Indicative Watchlist in NT7)


#1

Silver and Copper Friday expirations are using September but their current contracts (intraday and daily) remain on July until Thursday at 6 PM ET. Due to these two different future months, currently Nadex does not show an indicative.

For Some reason Natural Gas is not showing an indicative at all. This happens usually on the Friday when a contract rolls on Saturday but sometimes just happens.

Due to this you will have issues viewing the indicative and therefore having a chart. Even if the indicative where available you need to make sure you’re looking at the right month depending on the contract, ie the July/Sep issue on Silver. If you’re trading weeklies look at September. If you’re trading Daily Intradays up until Thursday at 6 PM ET then look at the July contract. Note the contract month you should look at is right in the name of the contract. Be careful not to over look this.

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In addition, what if you want the indicative on the futures? Apex has an indicator called clarity price. It uses the same formula, last 15 trades, middle 15 average on futures. You can also change the variables if you want ie longer price or smaller larger average etc. But if you want a clarity price that is similar/the same and often faster than the Nadex Indicative price use the clarity price indicator on your charts provided in the Apex Toolkit for P3 and Elite members.

You can also set up a market analyzer to keep an eye on the clarity price of each market.

The clarity price allows you to filter out some of the noise in ticks and so that way you don’t get nicked in or out by a tick.

One solution to this is to use the market analyzer and add the Apex Clarity Price indicator. With the default settings it matches Nadex Indicative (actually its faster to update :slight_smile: ) on the futures (note forex uses a different formula but for futures and rollovers this is a great way to keep an eye on the “indicative prices”).

Steps to make a clarity price watch list:

  1. File
  2. New
  3. Market Analyzer
  4. (from right click menu) Add Instrument List
  5. Choose Your Default List (Make sure your default list is up to date and has all the futures it should including any upcoming rollovers that are happening mid week

This shows currently underlyings: http://tools.apexinvesting.net/NadexRolloverCalendar#currentUnderlyings

This shows underlyings that are coming up this week http://tools.apexinvesting.net/NadexRolloverCalendar#rolloverCalendar

Remember rollover happens at 6 PM ET on the day before on Nadex as that is when the daily contracts open on most markets.

  1. (from right click menu) Click on Columns
  2. Indicators
  3. ApexDiagnosticClarityPrice
  4. Add - Ok
  5. (from right click menu) Click Templates - Save As (Apex Clarity Price Template)

Result:

The forex is calculated differently and we are still developing the forex clarity price. Though I must admit I like our formula much better than Nadex’ 25 last non-sequential quote average middle 15.

Note the clarity price is Apex price of the last x trades average of middle x trades. It is not to be confused with Nadex’s indicative or Nadex’s official settlement price.

SIDE NOTE: If there is no indicative reminder the stop trigger function on the scanner will not work for that instrument. We are working on a solution to this but in the meantime understand you can’t use the stop trigger function if no indicative is quoting. Pay attention to this on rollover weeks where it may be quoting right up until midnight the night before rollover happens.