I previously used Ensign and used a trading method based on price action and momentum that used the Pyratool (aka Pyrapoint). I have moved to NinjaTrader and was wondering if there is anybody who knows if the Pyratool is (a) available in NT, or, (b) can anybody develop it? Being a complete non-techie, what I can offer in return is the sharing of the method.
If developing the Pyratool poses to be too big of a challenge, even if a trendline can be developed that allows the user to determine the angle (and the angle stays constant despite the scaling on the chart), that will suffice as well.
Thanks for the link - if anybody wishes to work on this and needs more information feel free to ctc me. An Anniebee, whilst the Pyrapoint does look a little overwhelming at first, it is really not that complicated (especially the way I use it).
Your picture does show the Fib retracement lines forming squares, but could you explain a little bit on how you are forming them? The key to the Pyratool is the 45 degree line that bisects the squares - this angle will not change irrespective of the scaling of the chart. You might be onto something here, so pls do explain and if it is workable then that'll be great. Thanks for your feedback anyway.