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Simple recent S/R indicator


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  #1 (permalink)
rg12
Ramat Gan Israel
 
Posts: 6 since Jun 2013
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Hi everyone,

Is there a simple support/resistance indicator that draws the lines only on newly
created support/resistance?

All of the indicators i ran into until now are drawing too many lines including
on recent days etc.

I need this indicator for a simple strategy that has a dynamic/smart trailing stop
that goes under each newly created support as the stock moves higher
so an indicator that draws lines all over the chart wouldn't work for me.

Any ideas?

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  #2 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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Maybe one of these indicators would do the trick for your strategy:
https://nexusfi.com/download/ninjatrader-7/indicators/1207-download.html?view
https://nexusfi.com/download/ninjatrader-7/indicators/1411-download.html?view

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  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
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rg12 View Post
Hi everyone,

Is there a simple support/resistance indicator that draws the lines only on newly
created support/resistance?

All of the indicators i ran into until now are drawing too many lines including
on recent days etc.

....

Any ideas?

it is very simple to convert an indicator that "drawing too many lines" into just 1 line.

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  #4 (permalink)
rg12
Ramat Gan Israel
 
Posts: 6 since Jun 2013
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trendisyourfriend View Post
Maybe one of these indicators would do the trick for your strategy:
ww.bigmiketrading.com/download/ninjatrader-7/indicators/1207-download.html?view
ww.bigmiketrading.com/download/ninjatrader-7/indicators/1411-download.html?view

Thanks, I checked the links but it looks much more complex for my needs
Is there a way for simplifying these strategy to just stick the line to each newly
created support line?

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  #5 (permalink)
rg12
Ramat Gan Israel
 
Posts: 6 since Jun 2013
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bump...

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  #6 (permalink)
 
cory's Avatar
 cory 
virginia
 
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rg12 View Post
bump...

no reply because nobody understand what you asked, draw a picture to show what you looking for.

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  #7 (permalink)
rg12
Ramat Gan Israel
 
Posts: 6 since Jun 2013
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cory View Post
no reply because nobody understand what you asked, draw a picture to show what you looking for.

Here is the example:

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  #8 (permalink)
 
cory's Avatar
 cory 
virginia
 
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rg12 View Post
Here is the example:

which indicator you found draw multiple stop lines?

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  #9 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
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Maybe the swing indicator is what you're looking for. It is native in Ninja.


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  #10 (permalink)
rg12
Ramat Gan Israel
 
Posts: 6 since Jun 2013
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trendisyourfriend View Post
Maybe the swing indicator is what you're looking for. It is native in Ninja.


Thanks man, that looks like what i'm looking for!
I'll go check it out
Thanks again,
Roi.

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Last Updated on August 5, 2013


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