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Decisionbar ( trading system

  #7 (permalink)

Udon Thani Thailand
Trading Experience: Advanced
Platform: Ninja trader
Broker/Data: Zen Fire
Favorite Futures: CL FDAX 6E 6B 6A 6N TF GC SI
Posts: 10 since Jun 2010
Thanks: 0 given, 49 received

Free indicator

Yes you can look right here on big mikes indicator downloads & or NT indicators on the ninja trader forums. There is an indicator there called : dynamic support & Resistance. This is very similar to the decision bar set up, with the same type of dynamic S&R lines automatically drawn on your chart, but when you get a break out or
break down bar closing above or below the support or resistance lines this indicator does not label the bar as a breakout or breakdown like Decision bar does but its easy to see without the labels.
There is even a breakout / breakdown indicator that paints arrows on one or both of these forums that you could add if you think it will help. Yes just taking all the breakouts or break downs blindly won,t work.
Just like any other trading if you can wait for all your ducks to line up before jumping in , ie best times of the day to trade, double tops & bottoms, reversal bars, mayor S&R areas , convergence, breakouts or breakdowns after tight range consolidation your trades will have a higher success rate. good luck.

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