Tops and Bottoms

August 18th, 2009, 04:38 PM

Is there an indicator out there (preferably free or cheap) that identifies possible tops and bottoms via a paintbar, arrow, etc.? Thanks.

August 18th, 2009, 04:56 PM

You could try the NinjaPriceAction indicator and see if you like it. You can download it from the Ninja indicator sharing on their forum.

August 18th, 2009, 05:12 PM

You can also try the Swing(High/Low) indicator that represents the high and low points of stair stepping. I find it very useful. It can also be downloaded from the [B][COLOR=black]NinjaScript File Sharing Discussion[/COLOR][/B] on the Ninja Trader Support Forum.

August 18th, 2009, 05:58 PM

Thanks guys. I'll look into this.

Have you had any luck with John Carter's Scalper? I downloaded it from the NinjaTrader Forum. I find that it's kind of slow to confirm.

Any pointers on how to use it?

I was thinking, and I haven't tested it yet, if I use entries on a 4 range chart (YM), Look for a scalp to appear on a 2 range chart. Of course I'll be looking for other confirming information on a 4 range chart but that would be the basis of the strategy.

Or should I be looking for a scalp on a longer range chart, like 11?

Any pointers would help.

Tops and Bottoms

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Tops and Bottoms