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Hi everybody, I'm wondering if anybody knows of a Ninjatrader indicator that measures a market swing? Kind of an ATR but instead of it measuring the average range of individual bars, it displays the size of a market swing?
Recently, in my day trading, the market has shown diminished volatility and I am realizing that the targets I'm setting aren't realistic. It would be helpful to have an indicator that would automatically measure the most recent X market pivots/swings - based on whatever chart I'm looking at - and display it as a number. So for example if today's market has been pivoting worth an average of 3 points / 30 ticks, I will know that 4 points probably isn't realistic.
I hope that makes sense. I tried searching the indicators but didn't come up with anything. Thanks in advance for your suggestions!
Can you help answer these questions from other members on NexusFi?
I welcome any feedback, comments and suggestions for improvement.
Please discuss the PriceActionSwing (PAS) indicator in this thread. Any comments or suggestions are more than welcome here. If you have a more private issue send me a PM or better an …
You might instead be talking about ADR (average daily range). It can be extrapolated to make a weekly/monthly range as well. I believe that @Fat Tails includes an ADR indicator in his Session Tools package, but am not sure. He can clarify:
This thread is about session indicators and how to trade them.
I have coded quite a few indicators for NinjaTrader, which I would like to explain, and for which I do regular updates. So far I have posted in various threads to discuss their features …
The anaCurrentDayOHLV42 which is part of the SessionPivotsV42 comes with noise bands and target bands. The target bands are based on the average daily range (ADR).
Exported using NT Version 7.0.1000.26
Indicators will only run on NT 7.0.1000.5 or later.
Family of 6 indicators to display daily, weekly and monthly pivots and OHL of current day, current week and current month. The package includes
- anaPivotsDailyV43
- …
