Description
Only ninZaFamily members have access to DOWNLOAD ZONE to get this software [contact]
Platform
Availability for:
- NinjaTrader 7 platform: NOT PLANNED
- NinjaTrader 8 platform: AVAILABLE NOW
Overview
For those who are in search of an accurate zigzag indicator, it’s worth using our version: Zigzag Swing 4U. Most importantly, you have FREE access to this valuable indicator.
Zigzag Swing 4U is a swing indicator built upon the algorithm of zigzag patterns, aimed to tackle the drawbacks of typical swing indicators.
Traders have long witnessed these problems in typical swing indicators:
- Swing points are often identified incorrectly, especially in sideways or consolidation periods.
- Swing points will change upon timeframe switch.
Why do these drawbacks exist? Because typical swing indicators only take into account the number of bars surrounding a swing point, but don’t care about the vertical price change. The result is a lot of meaningless swing points, whose swing lengths are too small compared to the overview of price action. Also, when you switch your chart to another timeframe (of the same instrument), swing points will most likely shift.
Solution? We need to define a swing length based on price change! Therefore, we employ the zigzag logic in our swing indicator development. This radical solution has swing points identified accurately, plus identically across different timeframes. Imagine: when you switch from a Minute chart to a Tick chart of NQ, you will still see the same swing points, and therefore the same market structure.
In this indicator, you can define “Minimum Swing Length” (the vertical distance between 2 consecutive swing points) in 2 units: ninZaATR and Tick. All swing lengths must meet the minimum size specified by users, which means you only see meaningful swing points. Using this approach to scan the market movements, the indicator is able to recognize tops & bottoms with much more precision than typical swing indicators.
In summary, Zigzag Swing 4U is a revolutionary zigzag-based swing indicator that helps you read price action as well as identify trends more accurately & easily.
Media
Installation
Please read Installation Guide for details.
Download
Please hit the nice button below to go to a special page where you can download this freebie instantly. You will also have the download access to ALL of ninZa.co's freebies ($1000+ value).
If you have any questions, do not hesitate to contact us. Thank you!Software Changelog
NinjaTrader 8 version:
- 05 Jan 2023 – The indicator was released (build new).
