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2nd Pullback Entry Indicator Needed for Ninjatrader
I would like a visual and audio alert when price breaks the high of the previous bar after a 2-legged pullback in an uptrend. The reverse for a downtrend. The indicator will only look for long trades when the 21 EMA is above the 50 EMA and for short trades when the 21 EMA is below the 50 EMA. A pullback in an uptrend , when the 21 EMA is above the 50 EMA, is when the current bar breaks the low of the previous bar. The first time price breaks the high of the previous bar during this pullback is called the 1st entry which ends the first leg pullback. Once price again breaks the low of the previous bar the second leg pullback has started. When the previous bar's high is broken then the second entry is triggered which should have an audio and visual alert. This must happen without the most recent swing high where the initial pullback started being broken to the upside. The pullback count can continue with a 3rd entry, 4th entry, and so on as long as the initial swing high that started the initial pullback is not broken and the EMA's are still bullish (21 above 50ema). So the visual and audio alerts would be triggered on the 2nd entry, 3rd entry, 4th entry, and so on until the EMA's cross the opposite way or the initial swing high or low have been broken causing for the indicator to start counting over.
The exact opposite is true when the 21ema is below the 50 ema for short entries. Wait for a pullback which creates a swing low and only start alerts on the 2nd entry after the second leg pullback has been broken by the current bar breaking the low of the previous bar.
I want the flexibility to change the moving average size and moving average type. Also I want to be able to change the amount of ticks that is required to qualify as a break of the previous bar's high or low from 1 tick to 3 ticks.
Let me know how I can contact you and how much an indicator like this would cost to make.
Not sure you would be interested, but have you checked out Sharkindicators BloodHound? I have complicated technical trading strategies and alerts that I am able to program myself without knowing how to code. I tried it for 15 days and was sold, so yeah, bought it. In the long run it will cost you a lot less as you can build all of your alerts/strategies yourself. You can also get $150 off for being an Elite member of Futures.io. Anyways, food for thought.
I have been using shark indicator's renko bars (trial) with some of strategies that I found on youtube and I like it so far. However I called them several times and have left several messages and they have never called me back. I hope their customer service is much better and helpful than NT.
I have zero coding experience and I find their program very confusing, so if I continue with the paid version I hope, I can utilize their customer service to help me build my strategy.
Hey, so yeah, forget calling. Just send them a message through their site contact page. I always get a response, latest next day if I message them late. I also thought it was a bit confusing at first as there is a little learning curve, but you will get the hang of it. Just mess around with the solvers to see what they do. I am not a pro at it, but If you get stuck on something, I’ll be happy to help if I can. The other thing you can do is schedule a 1 on 1 with them, which I did with a nice guy named Mike. It was very helpful in getting a list of questions that I needed answered as well as flatten that learning curve. If you’re interested, let me know and I’ll send you that info.
There are also a few other Vendors besides ByeBye Money above. His is ok, but very generic. Pats has one and it was revised. I think I like his the best. And then there is TradeDevils. I purchased all three and Pats is my first recommendation.
I have never tried WizDough, but I would like to because it looks like a good strategy. But it appears it is only sold as a strategy? I tried his second entry indicator, but it was only a trial and I was using it on Forex pairs so I dont think I can give it a fair comment. It sits below the chart and is sort of a confirmational indicator. I dont see why one couldnt add it to an existing 2nd entry to try?