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New Indicator, Parabolic Trend Angle
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New Indicator, Parabolic Trend Angle

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Elite Member
Honolulu, Hawaii/United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 10 since Sep 2014
Thanks: 3 given, 3 received

New Indicator, Parabolic Trend Angle

Hello,

Not sure if this is where I should post this, apologies if I posted in the wrong place.

Anyone here know if there is a NinjaTrader indicator that measures the angle of ascent of a trend, with the goal of finding a parabolic trend angle?

If such an indicator does not exist, I would like to request that someone consider creating it.

I'm sure many here have seen that when the steepness of a trend becomes parabolic, a reversal often follows soon afterwards.

Having such an indicator for NinjaTrader that we could use to scan through our list of markets, would certainly make life easier.

In the screenshot below, the yellow lines I drew indicate where a typical 45 degree angle trend is measured against the current parabolic trend channel angle.

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