Intraday RWAP Pro
You will earn up to $44.4 in your ZR Wallet on purchase of this product
More benefits upon purchasing this product
💥 Not sure which Imbalance product to pick? 💥
⏭️ Read more here and choose your match!
Product Description
Shhh… there’s a secret discount behind this quiz 🤫
Play now to unlock 47% OFF or extra 15% OFF!
This indicator just works on INTRADAY charts. It does NOT plot weekly, monthly, yearly… RWAP.
As you know, Intraday VWAP Pro is an important indicator that measures a trading session's average price by taking into account traded volumes. VWAP is a CRITICAL benchmark of price that is used by big players. However, what if your instrument does not have volumes, or its volumes are not reliable? There is a great solution: use bar range in place of volume for weighting. Why it is a GREAT solution? Because when we compare RWAP and VWAP on real-volume instruments, we observe amazing similarities between them: similar shape, similar price. This proves that bar range can be a great substitution for volume when volumes are lacking or unreliable.
The major use of Intraday RWAP Pro is to help identify the intraday trend of the market. When the price is above RWAP, the market is in an uptrend; when the price is below RWAP, the market is in a downtrend. Therefore, this indicator can be used as a very powerful trend filter: we take only long signals when the price is above RWAP, and take only short signals when the price is below RWAP.
Second, RWAP can be used as a support/resistance indicator. For this purpose, we added S1/R1, S2/R2, S3/R3, S4/R4 which are user-defined offsets from RWAP. The offsets can be specified in multiple units:
- Standard deviation: 3 different formulas to compute StdDev
- Day-based unit: Prevday's range or Today's range
- Bar-based unit: Today's average bar range
We also added an option for range power to let you decide the power of range that will be used in weighting: square root of range (power = 0.5), normal range (power = 1), range squared (power = 2), range cubed (power = 3)...
You are allowed to configure up to 2 time regions where the range is less weighted. For example, in Asian sessions, only 30% of bar range is taken into account, and in European sessions, 60% of bar range is used.
Our innovative ribbon (which can be placed at the top or bottom) visually tells you how bullish/bearish the market is. For example, when the market reaches S3/R3, the ribbon is MORE red/blue than when the market is somewhere near S1/R1. Very convenient, right?
The RWAP line can be colorized to reflect whether the market is above or below RWAP. Chart background can also be painted for the same purpose. All of the plots (RWAP and S/R lines) are rounded to the nearest tick size.
Dedicated NinjaScript Signals
- Signal_State:
- 5 = above R4
- 4 = from R3 to R4
- 3 = from R2 to R3
- 2 = from R1 to R2
- 1 = from RWAP to R1
- -1 = from RWAP to S1
- -2 = from S1 to S2
- -3 = from S2 to S3
- -4 = from S3 to S4
- -5 = below S4
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Key Features
- Plot RWAP
- Allow configuring range power
- Allow smoothing RWAP with SMA
- Plot S1/R1, S2/R2, S3/R3, S4/R4 which are user-defined distances from RWAP
- Allow specifying S/R offset unit based on StdDev: 3 different formulas
- Allow specifying S/R offset unit based on day data: Prevday's range or Today's range
- Allow specifying S/R offset unit based on bar data: Today's average bar range
- Allow configuring S/R offset multipliers
- Paint regions between RWAP and S/R lines
- Colorize RWAP to show uptrend vs downtrend
- Paint background to show uptrend vs downtrend
- Display how bullish/bearish the market is with an innovative ribbon
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Usability
Ready to use out of the box
Fully configurable & customizable with ease
45 Days ninZaExchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Nov 28, 2020
Massive changes, fixes, and improvements were made (DPI, display name, Z order, property naming/positioning/grouping); a minor time issue was fixed.
Jan 23, 2020
The indicator was released (built new).
Product Media
How to Install?
Step by step guide on how to install the indicators
From Happy Customers
By: M.
Indicators Improved My Charts. Hannah's Help And Great Customer Service. Will Buy Again.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
By: Bartosz
Grace Goes Above And Beyond: A Customer Support Experience That Exceeds Expectations!
Thank You, Grace! Your support is extraordinary I wish all companies have such great support. Keep going I’m 200% satisfied.
By: Kari L.
ConnorsRSI Pro With Grace's Outstanding Customer Service
Thank you very much for your excellent customer service, Grace! You are doing an excellent job making customers' lives much easier.
By: T.
An Exemplary Customer Experience At NinZa.Co: Unveiling The Power Of Cumulative Delta
I'm a new customer with ninZa.co and i was needing help today in making a purchase. I made a request on your chat platform and Hannah came to my rescue. She helped me find the what I needed and even offered me a discount. Everything went very smoothly from that point. I made the purchase and she even provided me some documentation on the indicator. I am very pleased with her assistance. Thanks again Hannah for your excellent customer service !!
Have a question?
Write to us for pre-sales, trading consultations, tech support... or anything else on your mind. 😍
Weekly HOT Picks (7-days trending)
Super JumpBoo$t - Noble Cloud - Bo$$ Order Block
Looking to build a trend-following scalping strategy? See Fleet Barracuda Scalping in action below!👇
Join Telegram to receive sweet deals, exclusive coupons and many more...
Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.
NINJATRADER 8 INDICATORSWanna test your trading skills with us? 🤔
It takes just a second — and you could grab 47% OFF or an extra 15% OFF reward! 🎁
Why ninZa.co?
Lifetime Benefits
With one-time payment, you receive all these perks without any hidden fees.
- Lifetime licenses
- Lifetime upgrades
- Lifetime support
Premier Vendor
With our extensive experience, we have the industry skills and know-how to craft high-quality indicators.
- 50,000+ worldwide users
- 10 years in the industry
- Among top NinjaTrader 8 vendors
One-stop Shop
Discover all essential indicators in one convenient location, and enjoy ongoing attractive discounts.
- 250+ indicators of various types
- Comprehensive trading packages
- HelloWin for backtesting, add-ons
Risk-Free Shopping
Rest assured, our exchange program ensures your purchase is fully protected.
- 45-day exchange
- Straightforward process
- No additional fees
World-Class Support
Our dedicated team are committed to promptly addressing all your inquiries within 24 business hours.
- Remote desktop assistance
- Live chat support
- Email assistance
Great Value for the Price
Affordability doesn't compromise the essential, excellent, and elegant qualities that define our products.
- Prices below market averages
- Premium-grade indicators
- Lifetime after-purchase assistance
Sister Brands
ninZa.co is an official member of NinjaTrader Ecosystem together with 600+ industry-leading professionals that provide traders with quality trading products & services.
even more payment methods
Quick Links
Instructions
Support
Resources & Information
© Copyright 2024 All Rights Reserved
Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!
Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.