Free Price Action Indicators for NinjaTrader®
|Open Gaps from Prior Days
||On instruments with RTH (regular trading hours) you often have gaps on a chart, that stay open for more than a day. Read more here:
Gaps from prior Days
Indicator name: PASuppResOpenGaps
|Yesterday’s shallowest Trend Lines
||As a Day Trader horizontal Support and Resistance from the current and prior day are your main concern.
Add the shallowest Trend Lines from the prior day and you’re set.
Read more here:
Yesterday’s shallowest trend lines, be sure to draw them
Indicator name: PAShallowestTrendLinesFromYesterday
|Simple AlwaysIn EMA
||Shows Always In (Long or Short) direction using the number of recent bar closes above or below the EMA – a squiggly line, but with a different approach 😉
A trader preferably should be looking to enter the market in that direction only. Settings:
> EMA period
> Lookback period for number of closes above/below the EMA
> Percentage of bars to close above/below the EMA in that lookback period
Green plot means bullish market sentiment
Red plot means bearish market sentiment
Gray plot means neutral market sentiment
Indicator name: PASimpleAlwaysInEMA
This indicator is compatible with BloodHound from SharkIndicators or can be used in the Market Analyzer/Strategy Builder of NinjaTrader. You can call it as well from your own NinjaTrader indicators or strategies. Check out Automated Trading for BloodHound Templates.
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