The indicator Support Resistance Swing can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
$197.00
The NinjaTrader indicator Support Resistance Swing is built on our Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. The swing indicator that comes default in NinjaTrader is a simple tool designed to mark swing highs and lows, typically used to display when price breaks out of a range based on its strength setting. This strength setting is symmetrical in that the peak / trough marked will have the same depth / height on both sides. The higher the strength setting, the more relevant the swing point captured, however, more bars are required to mark the swing and therefore a potential breakout may be missed. To minimize this effect, we expanded the strength setting to include a left strength as well as a right strength. By setting the left strength to the desired (typically higher) strength setting, the more relevant swing points are captured. By setting the right strength to a lower value, the swing point will compute more quickly and be available for use in a breakout signal. Depending on the volatility of the instrument, this right strength value can be set to a fraction of the left strength so it is available near immediately.
