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Newbie question about swing indicator
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Newbie question about swing indicator
I am new to ninjatrader 8 can anyone tell me on which candle the dot forms on the swing indicator?Tags: None
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Hello JamesCopeland,
Thanks for your post and welcome to the NinjaTrader forums!
The indicator will start drawing dots when the swing high or swing low has been confirmed. The swing point are confirmed when the "Strength" number of bars have passed without a higher (or lower) point than the potential swing point.
For example, the indicator has a default strength setting of 5. So 5 bars after a potential swing point the indicator would confirm the swing point and first draw 5 dots back to the swing point and then on each new bar would continue drawing dots forward until the next swing point.
From the help guide indicvator description, "The Swing indicator will plot lines that represent the swing points based on the strength (number of bars to the left and right of the swing point) parameter provided, it's mostly a visual tool and not meant to be predictive in nature. Only after the strength number of bars has passed since the extreme point, the swing return value could be definitely set, thus the indicator updates it's calculations as new incoming data warrants so."
Reference: https://ninjatrader.com/support/help...nt8/?swing.htm
Paul H.NinjaTrader Customer Service
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