Buy Sell Pressure

Buy Sell Pressure
Indicator for NinjaTrader® 7/8

E-mini S&P 500 Future 5 min chart

 


Features

  • shows Strength of a Trend, by examining bar features and relation to prior bars (bodies, tails, overlap and open/close)
  • identifies possible Momentum and Exhaustion by showing
    Buying Pressure in a bull move and Selling Pressure in a bear move (momentum)
    Selling Pressure in a bull move and Buying Pressure in a bear move (exhaustion)
  • use as a discretionary indicator and for Automated Trading with BloodHound
  • use in NinjaTrader Market Analyzer
  • alert feature
  • does not work on HeikenAshi, Kagi, Renko, PointAndFigure and LineBreak charts

Example Charts

Example Trade Video

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Video-Link: https://youtu.be/J8JpWGMpNkY

Download a 20 day trial version

 


Buy now for US $ 230

you get redirected to our reseller MyCommerce/Digital River/Share-it to place your order
to order you need your NinjaTrader® Machine ID (please see FAQ)
for license activation  (please see FAQ)

Please contact us for a discount if you’re going to buy more than one indicator.


What do the signals mean?

The easiest way to put it: red = sellers and  green = buyers
Read more here: What do the signals mean?

Examples from the Blog

Here are a couple of the latest blog posts, that highlight the signals of the BuySellPressure indicator in context.
Read more here: More Charts

Automated Trading

Only the NinjaTrader 8 version of the Buy Sell Pressure 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.
Read more here.

What is Momentum and Exhaustion?

Momentum traders bet that an asset price that is moving strongly in a given direction will continue to move in that direction until the trend loses strength.
Source: FXCM.com

Exhaustion is a situation in which a majority of participants trading in the same asset are either long or short, leaving few investors to take the other side of the transaction when participants wish to close their positions. For example, if everyone has already bought, when those people want to sell there will be no more buyers to sell to which will cause the price to fall.
Source: Investopedia

Can I simply buy or sell the close of every momentum bar or signal?

  • this largely depends on context, trading style and stop loss (risk), also on your ability to scale in and the use of wide or swing stops (below the last higher low or above the last lower high in a trend).
  • for higher probability, wait for a pullback and enter on a with trend bar (e.g. with a bar stop) and an initial risk/reward of at least 1 (IR/R=1)
  • advanced traders can buy below the prior bar (in a bull) or sell above the prior bar (in a bear), if that is a with trend bar
  • the ability to scale in and use a swing stop greatly increases the probability of a successful trade
  • also look for confluence of multiple Buying Pressure / Selling Pressure signals and with other indicators or Support / Resistance
  • keep in mind, that faders often enter on large momentum trend bars and trade counter to the direction of the bar, they usually apply a scale-in approach to increase their probability

“I came across your web site by accident from the NT web site.
Very impressive work. Your buy/sell pressure looks great.
Please keep up the good work.”
Carl N.

Can I simply buy or sell the close of every exhaustion bar or signal?

  • this largely depends on context, trading style and stop loss (risk), also on your ability to scale in and the use of wide or swing stops (below the last higher low or above the last lower high in a trend)
  • to increase the probability of a successful counter trend trade you can wait for a strong Reversal Signal Bar after a couple of pushes at support or resistance and trade the breakout of that with a stop entry
  • in a pullback in a trend it’s reasonable to buy/sell closes to enter with trend
  • advanced traders can buy below or sell above (and scale in) swings created by exhaustion
  • also look for confluence of multiple Buying Pressure / Selling Pressure signals and with other indicators or support/resistance

What are the settings?

Indicator name: PABuySellPressure

Show Last 200 Bars only
Show the indicator signals only for the last 200 bars, which will speed up a reload of the chart or indicator

Sound Alert
Play a sound and show an alert in the alert window

Sound Alert File Buying Pressure
Pick a .WAV file from the NinjaTrader sound folder (how to install sounds, see here )

Sound Alert File Selling Pressure
Pick a .WAV file from the NinjaTrader sound folder (how to install sounds, see here )

Momentum
Shows Buying Pressure (BGP) in a bull move and Selling Pressure (SGP) in a bear move

Exhaustion
Shows Selling Pressure (SGP) in a bull move and Buying Pressure (BGP) in a bear move

Bodies
Checks the change of bodies of bars for BGP and SGP

Tails
Checks the change of tails of bars for BGP and SGP

Overlap
Checks the change of overlap of bars for BGP and SGP

Buyers/Sellers on Open
Checks for gaps between the Opens of bars and the closes of  prior bars

Extend Signals for N bars (auto trading)
Set the number of bars, a  Buying Pressure or Selling Pressure signal get’s extended to the following bars. If set to e.g. 5, a Buying Pressure signal from five bars ago is still set on the current bar (in the extended data series).
Please contact us, if you have questions.

Show All Tails
Set this to true, to see all three tails of a Buying Pressure or Selling Pressure signal, instead of only the last one.

 

 

 

 

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