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"Breakout Recognition" indicator for ninja 8


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"Breakout Recognition" indicator for ninja 8

 
pfsmedical
Colombia
 
Posts: 12 since Oct 2010
Thanks Given: 4
Thanks Received: 3

i am gradually making the transition to 8. however there are fewer 3rd party indicators available in 8 like there are available for 7 (understandably).

i would like to see if there is a ninja 8 version of the indicator called "BREAKOUT
RECOGNITION"

https://ninjatrader.com/support/forum/local_links_search.php?action=show&s=&literal=1&search=breakout&desc=1&keys=1&ents=1

(5th one down -- submitted by elliott wave) and yes .. i already sent him a private message

thanks...


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JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
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pfsmedical View Post
i am gradually making the transition to 8. however there are fewer 3rd party indicators available in 8 like there are available for 7 (understandably).

i would like to see if there is a ninja 8 version of the indicator called "BREAKOUT
RECOGNITION"

https://forum.ninjatrader.com/local_links_search.php?action=show&s=&literal=1&search=breakout&desc=1&keys=1&ents=1

(5th one down -- submitted by elliott wave) and yes .. i already sent him a private message

thanks...

Not sure you need the indicator converted. I didn't follow the link, so I may be off base here. But from memory you are basically looking at Bollinger Band (14,2) breakout.

You go long with 2 bar closes above the upper Bollinger Band providing the bar prior to the break out closed inside the Bollinger Band. Opposite for a short.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
 
pfsmedical
Colombia
 
Posts: 12 since Oct 2010
Thanks Given: 4
Thanks Received: 3



JonnyBoy View Post
Not sure you need the indicator converted. I didn't follow the link, so I may be off base here. But from memory you are basically looking at Bollinger Band (14,2) breakout.

You go long with 2 bar closes above the upper Bollinger Band providing the bar prior to the break out closed inside the Bollinger Band. Opposite for a short.


thanks for your reply ..

actually yes & no .... i do use bollinger ..yes ... but ... only for quick COUNTER trend scalping trades -- once price breaks outside of bands ... i look to take a quick 2 - 4 "tick" scalp using 2 contracts. (targeting the bollinger midline)

but no ...

the breakout recognition indicator ... works with channel breakouts ... when i get into a Trend trade ... its always comforting to here that alert go off while in a TREND trade .. gives me that "warm & fuzzy feeling" that the pattern will not fail before hitting my small / obtainable targets ...

ive also attached the zip file i would like to have upgraded

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Elite Membership required to download: BreakoutRecognition_v1.0.zip
 
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
Thanks Given: 706
Thanks Received: 3,854


pfsmedical View Post
thanks for your reply ..

actually yes & no .... i do use bollinger ..yes ... but ... only for quick COUNTER trend scalping trades -- once price breaks outside of bands ... i look to take a quick 2 - 4 "tick" scalp using 2 contracts. (targeting the bollinger midline)

but no ...

the breakout recognition indicator ... works with channel breakouts ... when i get into a Trend trade ... its always comforting to here that alert go off while in a TREND trade .. gives me that "warm & fuzzy feeling" that the pattern will not fail before hitting my small / obtainable targets ...

ive also attached the zip file i would like to have upgraded

You could always try this thread.


--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------

 



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