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Submitted by gcaldridge
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Alert on Price Retracement (NT7)

I don't want to have to watch charts by the minute (or even hour). I am looking to watch for a trade after price has reached a certain level (X), reversed to another specific level (Y) and then retraced to another level (Z) which may or may not be the same as (X). Note this has nothing to do with any wave theory.

Example IBM drops to 120(X). At that point I want to start a strategy or indicator to be alerted if price goes back up to 125 (Y) and then down to 119 (Z). The alert happens at Z but only if Y has been reached.

Does anyone know of an indicator or strategy that does this?

Thanks

Geoff

Category NinjaTrader 7 Indicators

Details: Alert on Price Retracement (NT7)
Category: NinjaTrader 7 Indicators

February 27th, 2014
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