|December 5th, 2012, 11:40 PM||#1 (permalink)|
Futures Experience: Master
Favorite Futures: EUR/USD
Posts: 22 since Aug 2012
Thanks: 6 given, 5 received
Since now NinjaTrader has more than 350 partners providing add-ons and products, I found this forum beneficial to determine the best unique tools offered by some of them (which can be added to Ninja add-on toolbox).
The below is my opinion about StormIndicators provided drawing tools provided for NinjaTrader.
Though NinjaTrader is among my 3 platforms for day trading, I used Ensign software & market analyst 7 for superior drawing tools/ Gann Angles & Gartley patterns, Beck's emblem etc, but Storm Indicators has enhanced the NinjaTrader tool drawing and chart pattern capabilities to a magnificent level, as seen below.
1- StormIndicators has the ability to Identify and measure patterns within price movement and Span Lines across several points and provide the size of the measured move and it's entire time frame.
It acts as a drawing and a measurement tool for identification of price points within the chart and then let StormChartThing indicator draw all connecting lines and calculate all detailed measurements and ratios (upto 27 recent swing high & lows).
2- Interesting thing is as the Points are moved, Run Lines and Span Lines connecting the points and all Info Box display the changes dynamically (1) from price to price, (2) from time to time, (3) price retracement ratio and (4) price change ratio/ percent
3- I found this tool, extremely good in drawing pennant patterns and the Gartley patterns.
It displays Retracement and Projection measurements for each swing and you can drag the points on the chart, to measure several recent swings.
4- The StormZigZag indicator replicates the excellent capabilities of Wave59 drawing tools and Market Analyst 7 fibonacci circle. With this tool & new add-on, now NinjaTrader stands as a top competitor to other drawing tools, provided by top notch trading platforms.
5- The StormZigZag will also calculate the swing Retracements and Projections and displays various Fibonacci levels (Price Retracements, Price Extensions, Time Extensions, and Fibonacci Circle) for the current swing and all the historical swings up to 27 points).
I found this tool, extremely beneficial and superb, in enhancing drawing capabilities of NinjaTrader to an extraordinary high level.
Attached are 2 screenshots of this tool. Details about this tool, are provided on Ninjatrader website in announcement section, which is New hybrid indicator/drawing tools from Storm Indicators - NinjaTrader Support Forum