This NinjaTrader Support/Resistance 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. Â
How can we catch a swing high exactly at its peak? Â
Only after more bars without a further price increase can we know it is a swing high.
Do you love NinjaTrader Support Resistance indicator?Â
Do you want to see a unique S/R indicator? Yes! Us too!
What is NinjaTrader Support/Resistance Radar indicator?
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. This NinjaTrader Support/Resistance indicator helps traders traverse the market and take opportunities, much like radar helps a plane navigate.
Swing point â the core element of our best-seller Divergence Engine$ â 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 zoneâs 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, itâs 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 data modes
Support/Resistance Radar provides 2 data types for you to choose from:
- SwingStrength: In this mode, âStrengthâ indicates how far the price bounces off from the swing price, like a radarâs 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.
Boost your edge in any market condition by adding our best NT8 indicators to your NinjaTrader 8 platform today.
_1787026707358.svg)
