This is an indicator based on a read many years ago by THIS book.
The indicator simply plots a reflection that is flipped about the X AND Y axis, which is a forward projection of the path of price.
You can set the lookback period, which is how many bars back to plot the forward projection. There are also "Entry Arrows" which simply paint based on the conditions in the book.
Basic idea is to capture trends and not chase the tops/bottoms.
I have the pdf, and you can likely find it online pretty easily if need be. Details of the theory is best found there.
My Take: Absolutely nothing special about this, as anything publicly available or sold is likely rubbish. But just cleaning out some things on my PC so figured I'd post in case anyone else was ever interested in such a thing.
Category NinjaTrader 7 Indicators
|
|
|
