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I just posted the link to it above your post. It works on any instrument. The timeframe is up to you. I use it on my 1 minute and 2 minute charts mainly. This is for Ninja Trader 8. It is good for identifying direction and also riding out a nice trend. Here is the link again below. Click on the banner.
Note: If you find bugs, have feature requests, or anything else, post in THIS (https://nexusfi.com/ninjatrader/56493-my-indicator-thread-just-placeholder.html#post830676) thread.
This is the TrendGRaBer, ORIGINALLY created by @Aligator (https://fut …
Failure is not an option
Can you help answer these questions from other members on NexusFi?
I got it. Thanks a lot. one followup question, as per advise it shouldn't bs used alone, so in that case any suggestion which other indicators to be used
along with this to make a final decision on buy and sell ?
Keep in mind, I don't just take trades because the indicator tells me. I am also looking for price patterns on my 5 range chart and taking support and resistance into account as well. The indicator is fairly new to me but I am finding it helpful in providing trend direction.
It would be way to much to try and explain how I go about with my system. If you are interested, I go into a lot of detail on my webinar. I did that a few weeks back and it was before I was trying the indicator. So between my system in the webinar and the indicator I am trying now, you should get a good idea of what I do.
It seems to me that you are looking for a simple yes, take the trade/no don't do it system, when what is being done here is somewhat discretionary based on years of experience and observation.
Please correct me if I am wrong Lance, but this is akin to riding a bike or driving a car. Lance is explaining the chassis, the gearset, the shocks, the brakes... but ultimately you have to learn how to ride it/drive it yourself.
Not a slam at all, just an observation. A hundred people could try to copy this system and come out with a hundred completely different results. IMHO it's a good framework to start with but ultimately ya gotta own it and make it your own.
Trades from today. Still experimenting with the 100 tick target 50 tick stoploss method. Results have been good so far, although it's challenging to hold some of these trades to their target.