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Tops and Bottoms


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  #1 (permalink)
tradeguy24
San Diego, CA
 
Posts: 23 since Jun 2009
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Is there an indicator out there (preferably free or cheap) that identifies possible tops and bottoms via a paintbar, arrow, etc.? Thanks.


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  #2 (permalink)
 
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 Jeff Castille 
Northern California
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You could try the NinjaPriceAction indicator and see if you like it. You can download it from the Ninja indicator sharing on their forum.


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  #3 (permalink)
 jonesr9 
FL
 
Experience: Intermediate
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You can also try the Swing(High/Low) indicator that represents the high and low points of stair stepping. I find it very useful. It can also be downloaded from the [B][COLOR=black]NinjaScript File Sharing Discussion[/COLOR][/B] on the Ninja Trader Support Forum.


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  #4 (permalink)
tradeguy24
San Diego, CA
 
Posts: 23 since Jun 2009
Thanks Given: 5
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Thanks guys. I'll look into this.

Have you had any luck with John Carter's Scalper? I downloaded it from the NinjaTrader Forum. I find that it's kind of slow to confirm.

Any pointers on how to use it?

I was thinking, and I haven't tested it yet, if I use entries on a 4 range chart (YM), Look for a scalp to appear on a 2 range chart. Of course I'll be looking for other confirming information on a 4 range chart but that would be the basis of the strategy.

Or should I be looking for a scalp on a longer range chart, like 11?

Any pointers would help.


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Last Updated on August 18, 2009


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