Hi everybody, I'm wondering if anybody knows of a Ninjatrader indicator that measures a market swing? Kind of an ATR but instead of it measuring the average range of individual bars, it displays the size of a market swing?

Recently, in my day trading, the market has shown diminished volatility and I am realizing that the targets I'm setting aren't realistic. It would be helpful to have an indicator that would automatically measure the most recent X market pivots/swings - based on whatever chart I'm looking at - and display it as a number. So for example if today's market has been pivoting worth an average of 3 points / 30 ticks, I will know that 4 points probably isn't realistic.

I hope that makes sense. I tried searching the indicators but didn't come up with anything. Thanks in advance for your suggestions!

w00dmann 

Hi everybody, I'm wondering if anybody knows of a Ninjatrader indicator that measures a market swing? Kind of an ATR but instead of it measuring the average range of individual bars, it displays the size of a market swing? Recently, in my day trading, the market has shown diminished volatility and I am realizing that the targets I'm setting aren't realistic. It would be helpful to have an indicator that would automatically measure the most recent X market pivots/swings - based on whatever chart I'm looking at - and display it as a number. So for example if today's market has been pivoting worth an average of 3 points / 30 ticks, I will know that 4 points probably isn't realistic. I hope that makes sense. I tried searching the indicators but didn't come up with anything. Thanks in advance for your suggestions!

I think you are referring to ZigZag, if you want to measure between HH/HL + LH/LL etc. You can find an enhanced version here:

PriceActionSwing discussion I welcome any feedback, comments and suggestions for improvement. Please discuss the PriceActionSwing (PAS) indicator in this thread. Any comments or suggestions are more than welcome here. If you have a more private issue send me a PM or better an …

You might instead be talking about ADR (average daily range). It can be extrapolated to make a weekly/monthly range as well. I believe that @Fat Tails includes an ADR indicator in his Session Tools package, but am not sure. He can clarify:

Session Toolbox - Trading the Session (Fat Tails) This thread is about session indicators and how to trade them. I have coded quite a few indicators for NinjaTrader, which I would like to explain, and for which I do regular updates. So far I have posted in various threads to discuss their features …

Mike

Big Mike 

You might instead be talking about ADR (average daily range). It can be extrapolated to make a weekly/monthly range as well. I believe that @Fat Tails includes an ADR indicator in his Session Tools package, but am not sure. He can clarify: Session Toolbox - Trading the Session (Fat Tails) This thread is about session indicators and how to trade them. I have coded quite a few indicators for NinjaTrader, which I would like to explain, and for which I do regular updates. So far I have posted in various threads to discuss their features … Mike

The anaCurrentDayOHLV42 which is part of the SessionPivotsV42 comes with noise bands and target bands. The target bands are based on the average daily range (ADR).

https://nexusfi.com/download/ninjatrader-7/indicators/371-download.html

Thanks guys, I believe zigzag is what I'm looking for (or at least will get me closer to my goal). Appreciate the responses.