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NinjaTrader 8 Indicators and More
Indicators and Files in this section are compatible with NinjaTrader 8

View the winning 'starred entries' MarketRetrace 5 *
Winning Entry October 1st, 2023 to November 1st, 2023 [1 votes]

This indie looks at yesterdays High and Low and todays High and Low. It paints yesterdays High and Low on todays chart, as well as the mid and RMS values of yesterdays High and Low. The RMS values are estimated as 70.7% and 29.3% for a sine wave. It also paints todays High and Low. These values can be interesting turning points. All levels are labeled in the right side margin (I recommend a margin of 100). I posted a similar indie in NT7 called Pivots Plus that was very popular . This one does not have the pivots included, you can add that to the chart. This one does have a button to hide the indie if you want to declutter your chart.

Here is the wiki definition of RMS...
In mathematics and its applications, the root mean square (RMS or rms) is defined as the square root of the mean square (the arithmetic mean of the squares of a set of numbers).[1] The RMS is also known as the quadratic mean[2][3] and is a particular case of the generalized mean with exponent 2. RMS can also be defined for a continuously varying function in terms of an integral of the squares of the instantaneous values during a cycle.

I hope that you find it interesting....

Trade Well...

Category NinjaTrader 8 Indicators and More 
Suggest other entries I might like
Details: MarketRetrace
Category: NinjaTrader 8 Indicators and More 

January 27th, 2021
Size: 5.88 KB
Downloaded: 756 times

Keywords: high low pivots rms


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