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Elliot on Ninja
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Elliot on Ninja

  #1 (permalink)
Elite Member
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Elliot on Ninja

Hi. Does exist any indicator(free of course) for counting Elliot waves on ninja trader?
Thanks guys.

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  #3 (permalink)
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danemo View Post
Hi. Does exist any indicator(free of course) for counting Elliot waves on ninja trader?
Thanks guys.

I have never seen any free indicator for counting Eliott Waves. I also do not think that anybody has coded one for free.

Elliott Wave Count is a complex task. It is complex, because there are no precise rules. For each chart there are at least five or six wave counts possible - including different timeframes - and in the end one of these scenarios needs to be favoured. This is always a bit subjective.

If you want to code a wave count, you have to follow strict rules. You would start with a zigzag. The zigzag uses a minimum deviation. Soon you will find out that you also have to include complex corrections, if these extend over a longer period, even if they are smaller than the minimum deviation. So this makes you redefine the zigzag indicator. Then apply about 50 rules to the various zigs and zags. The task is time consuming.

The only wave count indicators that work with NinjaTrader and that I have heard are add-ons:

MT Predictor

NinjaTrader7


Taylor Trading Technique

http://www.taylortradingtechnique.net/TTT_NT_Sample1.jpg

MT Predictor is rather expensive, TTT is comparatively cheap. I would not be astonished if you get what you pay for.

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Thank you very much

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  #5 (permalink)
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Wave count indicator

Hi,
You may want to check out Top Dog Trading site. They have custom indicators that include wave count. There are videos of the indicators you can watch... I'm not sure if this is for their clients only or not. You may ask them. I'm a client /student and I can access the indicators video page. The price is about $300.

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danemo View Post
Hi. Does exist any indicator(free of course) for counting Elliot waves on ninja trader?
Thanks guys.

http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=1&id=182

This is pretty good.

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hi prtester,
thanks for posting this.
can you give us a link to the place where this is posted ? - not only the download but the place it is located.
is it in downloads or in a thread ?
would be nice !
thanks
max

max-td
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Gotta love the search button on every forum!

View Comments and Ratings - NinjaTrader Support Forum

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  #9 (permalink)
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thanks a bunch ryan !

well - if you know for what to search
if indicators name is different to the script- + zip name its always getting a bit tricky ....

max-td
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NT7 version


The posted version does not work on NT7. The attached file will work on both NT7 and NT65 (needed to change the DrawText() calls to account for a new parameter added in NT7). Still trying to figure out what it actually does.

Attached Files
Register to download File Type: zip IGTDWaveUP.zip (17.9 KB, 691 views)
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