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Wicks & Tails 4 *
I've been a fan of Better Renko bars for several years now and was looking for a way to identify when a Wick or a Tail on a Better Renko bar was larger than the setting I had chosen.

Eg., Using a 4 Better Renko bar setting on the ES and looking for Wicks or Tails that were 5 ticks or greater.

This little indicator will do that for you. It simply draws an Arrow symbol above or below the corresponding Wick or Tail.

When I trade the NQ I prefer a 3 Better Renko bar, I use the irWicksandTails indicator to highlight 4 tick Wicks or Tails.

I don't use them for trade entries, I just note when they start to show up and rely on their presence to help me discern a "short term" trend bias.

This indicator is for NT-8, and was compiled with Version 8.0.17.2 64 Bit


Category NinjaTrader 8 Indicators and More 
 
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Details: Wicks & Tails
Category: NinjaTrader 8 Indicators and More 


May 8th, 2019
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Keywords: bias candlestick patterns tails trend wicks
 


 
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