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Swing High/Low and Zig Zag Indicators

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    Swing High/Low and Zig Zag Indicators

    There is an impressive set of indicators available in NinjaTrader but noticably absent are any price retracement type indicators such as:

    Swing (Pivot) High/Low - based on X number higher(lower) bars on either side of a price high(low), with a lookback period of y bars.

    Zig Zag - based on a fixed or percentage retracement amountrelative to a high (low) bar, with a lookback period of y bars.

    I would add, that in the event that the high(low) values are made by multiple bars, that therebe an ability to identify the last high(low) bar and not just the first high(low) bar. As Dierk points out in another thread, using drawing objects to connect the dots is not very practical and it would be good to know if this is the reason these types of indicators have not surfaced yet.

    Thanks for your consideration.

    Regards,

    Whitmark



    whitmark
    NinjaTrader Ecosystem Vendor - Whitmark Development

    #2
    imported post

    We'll put them to our list. Do you have some reference links available on how they work?

    Thanks for your suggestion.
    DierkNinjaTrader Customer Service

    Comment


      #3
      imported post

      Here are some links to use as reference in the public domain:

      Swing High/Low:

      http://www.fxstreet.com/education/te...ing-indicator/

      Sometimes swing high(lows)or pivot high(low) of "strength" 3 barsarealso referred to as a "three ring" pivot. It is also useful to be able to define the left and right "strength" as independant values. For example, it may be desireable to identify a swing high with a left strength of 10barsand a right strength of 3 bars, especially in identifying divergence patterns.

      ZigZag:

      http://www.traders.com/Documentation...adersTips.html

      Its important to have both a fixed priceand % price retracement parameter option in the indicator. Some indicators I have used will have an up color, down color, and another color for the line that connects the current high(low) bar until it retraces the defined amount and locks in.

      Typically, these indicators will also output the swing/zigzag high/low value as well as the number of bars ago the high/low value occured. Here again,where thereare multiple bars with the same high/low value, it would be nice to identify the last vs thefirst bar.


      Regards,

      Whitmark

      whitmark
      NinjaTrader Ecosystem Vendor - Whitmark Development

      Comment


        #4
        imported post

        Thanks for this info. We'll check it out.
        DierkNinjaTrader Customer Service

        Comment


          #5
          Any timeline yet as to when swing high/low or zig zag indicators might be developed as a standard NinjaTrader indicator?

          Whitmark
          whitmark
          NinjaTrader Ecosystem Vendor - Whitmark Development

          Comment


            #6
            Next release likely end of this coming week.
            RayNinjaTrader Customer Service

            Comment


              #7
              Hi Dierk

              These Indicators should accept other indicators as inputs as well as price.

              For example, Swing Low/High on ADX

              rgds

              Comment


                #8
                Thanks for your suggestion. We'll add it to the list.
                DierkNinjaTrader Customer Service

                Comment


                  #9
                  I hope you will create SwingHigh and SwingLow functions that are basically compatible with the Easylanguage versions. Basically they either return the swingHigh(low) price on the bar that a swingHigh(low) is identified on or a -1 if there is no swingHigh(low). And for completeness, though I dont use these much myself, Easylanguage also provides functions for SwingHighBar and SwingLowBar. These return the number of bars ago that the SwingHigh(low) occured.

                  Basically these functions use a while loop to interate across the bars defined by Strength looking for the max (high) or min (low) price. I was getting ready to break in my NinjaScript/C# coding chops on this but if you guys are about to release it - great.

                  Comment


                    #10
                    Yes we do.
                    DierkNinjaTrader Customer Service

                    Comment


                      #11
                      Are you saying Ninjascript currently has SwingHigh and SwingLow functions? I cant fund them in the doco. Are are you saying a future(next) release will have them?

                      Comment


                        #12
                        >> Are are you saying a future(next) release will have them?
                        Yes
                        DierkNinjaTrader Customer Service

                        Comment


                          #13
                          Do you have any news or ETA for the indicators?

                          Regards

                          Comment


                            #14
                            Hopefully this coming week.
                            RayNinjaTrader Customer Service

                            Comment


                              #15
                              Swing Indicators.

                              Originally posted by NinjaTrader_Ray View Post
                              Hopefully this coming week.

                              I am inquiring about the same Swing indicators. I have seen them on other packages, looks like they can be useful. If you are not releasing this week, can you email them so I can add them manually.

                              Comment

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