Here are two indicators for the "Identifying Cup Formation Early" by Giorgos E. Silligardos, PhD in April 2011 issue of Technical Analysis of Stocks and Commodities. Silligardos has another excellent article in a past TASC issue (Feb 2006) on formation of Cup and Handle with the code for Metastock. His articles are some of the best that I have seen in TASC during the past 25 years. These indicators help identify formation of C&H in their early phase.
Exported using: NT 7.0.1000.4
Import the zip file into NT 7. Two files, "SemiCup" and "SemiCupInternal" will be added to your indicator window and they need to be plotted together for the concept.
Note: These indicators seem to be more applicable for position trading rather than day-trading.
Category NinjaTrader 7 Indicators
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