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Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader.
The one Im looking for used two moving averages and when they crossed they plotted lines like in my attachment. Im going off memory so not sure if they plotted the naked lines or not...I think there was a thread on this ma cross indi, but it plotted swing highs and lows
What im really wanting to do is take a existing swing indicator whichever one plots the quickest and then add a adjustable default setting where I could adjust the plotting of the horizontal line after a swing has occurred. Meaning we all know the very Highest or lowest of a swing has the least amount of volume and activity at that point. So having the indicator plot the horizontal line minus on HH swings and positive on LL swings one could catch the move next time when price was approaching the prior swing .Hope this makes sense also i have included notes on second attachment for a better explanation
Ok last question...using just a swing point indicator that plots horizontal lines, can the option be added to settings to to minus (x)ticks so when the swing line plots it plots(x) ticks before swing high or low occurred?
for a swing point to be true it has to meet swing condition, at the minimum one bar after swing bar so it is already 1 bar late. I am not sure what is purpose of plotting a line from some tick back?
the purpose of (x) bars back is for the next time price comes to this area.example... In a down trend price will not come back to form a DT more than likely it will come close to where prior swing high was then fail. So If your target was off a horizontal line of a prior swing high you would miss your target and price would retrace to your entry and take you out. I am wanting to to trade small time frame off price action. And if price did pierce and form a DT as in my example you were still filled and would wait for next swing. Moving the location of the swing line is to make the % of positive trades higher when scalping off price action.
In sideways action is where this setup would really shine and in strong up or downtrend you would use the naked prior swing lines looking left as targets> I wanting these lines so when i scalp off PA I dont miss a upcoming area till its too late and price has retraced on me and I know I missed a area then I see it.
@cory> in attachment only the red lines on right side of chart are TRUE Naked all the circles have been tested if lines where moved. If you plot this way you have a higher % of wins vs using current way of plotting Highs and lows as targets
