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Pyratool or Fixed Angle Trendline for NinjaTrader
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Pyratool or Fixed Angle Trendline for NinjaTrader

  #1 (permalink)
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Pyratool or Fixed Angle Trendline for NinjaTrader

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.

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  #3 (permalink)
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pyrapoint


http://www.dacharts.org/archives/pyrapoint/Beanman-pyra3.jpg

found this jpeg on pyrapoint to help those that may be able to help,
looks really compliated!!!

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  #4 (permalink)
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If you use the Fibonacci tool you can create cheap squares quite easily, see picture.

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  #5 (permalink)
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anniebee321 View Post
http://www.dacharts.org/archives/pyrapoint/Beanman-pyra3.jpg

found this jpeg on pyrapoint to help those that may be able to help,
looks really compliated!!!

Hi Anniebee,
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).

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  #6 (permalink)
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trendisyourfriend View Post
If you use the Fibonacci tool you can create cheap squares quite easily, see picture.

Hi Trendisyourfriend,
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.

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