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I have purchased the indicator below for TS but I want to move to NinjaTrader. TS can never be my broker because of where I live, so if I ever go live, I'll be using Ninja for order entry at least.
I like the slightly lagged S/R this indicator provides for me. It's part of my approach to paper trading and I don't see that changing right now. As a novice, I just don't know how many comparable indicators are out there. I've been actively looking for equivalent TS indicators in hopes NinjaTrader would have a match.
The developer didn't want to discuss porting it to NT either. He's primarily a trader and does the TS indi coding for his own use, and a side business evolved out of it. Thanks for reading and thanks for any matching indicators suggestions. I've found things that are close but nothing that a carbon copy.
Regards,
Josh.
Can you help answer these questions from other members on NexusFi?
Josh, the indicator is a channel indicator based on swing highs and swing lows. I have not seen this indicator anywhere, but it is not difficult to port it to NinjaTrader.
Thanks for the feedback. In terms of legality, if you purchase a TS indicator is it ok to take the code and try to recreate in Ninja. Or, do you mean coding something equivalent in Ninja?
I think that the indicator can probably be recreated just from looking at the chart.
No TradeStation formula needed.
Also it is too simple to be protected by a copyright.
Or would you try to file a patent for your observation that a swing high, which his higher than the highs of the two preceding and the two following bars, can be observed two bars later?
For now you could duplicate that with a bunch of the @Fat Tails contributed Visual EMA's in the time frames specified, all in the same panel, and all set to a period of 1. It does seems like a good idea. A bit tedious to set up all those indicators in the chart, though. And performance will suffer because each Visual EMA comes with its own small interval secondary dataseries that generates A LOT of BarsInProgress events.
That should just be a temporary expedient. There are better ways to do it. And the stairstep plots can be smoothed out.
Bye for now, I have more important things to work on. Such as how dog avatars might help my trading.
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