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PRIME
Support/Resistance Radar

$496

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Product Description

[NEW System] Zephyrus Force: Smart and unique Trailing stop for optimal exit points. See the charts now!

This indicator uses swing-point analysis. A delay of N bars is required for a swing to be detected. Therefore, the swing point appearance is delayed by N bars, where N = 10 by default for accurate identification (N is at least 1). However, this delay is not serious because of the long-term effect of the support/resistance, often tens or hundreds of bars afterward.

How can we catch a swing high exactly at its peak?

Only after more bars without a further price increase can we know it is a swing high.

Do you love NinjaTrader Support Resistance indicator?
Do you want to see a unique S/R indicator? Yes! Us too!

Support/Resistance Radar is our excellent PRIME* indicator in the S/R family that took us two years to develop. It was made with swing points, the visual concept of Market Profile, and our proprietary algorithm. The final result is an amazing tool that can find outstanding S/R zones. It helps traders traverse the market and take opportunities, much like radar helps a plane navigate.

Swing point – the core element of our best-seller Divergence Engine$ – is the backbone of the indicator. It helps calculate and draw S/R zones. The indicator finds qualified swing points and then groups them together by vicinity to create an S/R zone. Depending on the data mode you choose, a zone’s value is displayed either in cumulative swing strength or by the total number of points. Finally, multiple zones stack together in the form of volume profile. Thus, it’s new but will feel familiar to most traders.

You will be stunned, just like we were, when you first apply this support resistance indicator ninjatrader 8 to your chart and see the power of those swing points that make the S/R zones. For such a simple idea, the effectiveness is beyond imagination. These zones are places where the market frequently aims for rest, bounces, and reverses. Like real radar, it helps traders navigate the market to find a good spot for a position, or just to warn them about choppy movement ahead.

Support/Resistance Radar provides 2 data types for you to choose from:

  • SwingStrength: In this mode, “Strength” indicates how far the price bounces off from the swing price, like a radar’s waves bounce off from objects. Cumulative strength of points within a zone represents the value of that zone.
  • SwingCount: In this mode, the number of points within a zone represents the value of that zone.

Key features:

  • Allow selecting profile data type: SwingStrength or SwingCount
  • Allow configuring swing point’s neighborhood
  • Allow configuring swing point’s monitoring period
  • Allow configuring swing point’s minimum strength
  • Allow configuring S/R zone max height (ticks)
  • Allow filtering peak line by neighborhood
  • Allow customizing the color & visibility of swing points
  • Allow customizing the color & visibility of peak line
  • Allow painting profile with colors gradient to highlight where profile data distributes most or least
  • Allow quick on/off switch via a draggable & customizable toggle, WITHOUT reloading chart

Dedicated NinjaScript signals:

  • Signal_Trend: 1 = uptrend, -1 = downtrend
  • Signal_State: 1 = high, -1 = low, 0 = middle
  • Signal_Trade: 1 = uptrend start, 1 = downtrend start, 0 = no signal

Software Changelog

  • 28 Feb 2024 - The indicator was released (build new).

 

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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  2. product_image Support/Resistance Radar $$
    5 5

    Thank you Pi

    Pi replied me in one hour. I just asked for free indicators, not for paid indicators, and he replied me very fast. That says really good things about ninZa.co. Thank you for your help.

  3. product_image Support/Resistance Radar $$
    5 5

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These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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