Swing High/Low and Zig Zag Indicators

[whitmark]

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

[NinjaTrader_Dierk]

imported post

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

Thanks for your suggestion.

[whitmark]

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

[NinjaTrader_Dierk]

imported post

Thanks for this info. We'll check it out.

[whitmark]

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

Whitmark

[NinjaTrader_Ray]

Next release likely end of this coming week.

[zoltran]

Hi Dierk

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

For example, Swing Low/High on ADX

rgds

[NinjaTrader_Dierk]

Thanks for your suggestion. We'll add it to the list.

[shawnj]

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.

[NinjaTrader_Dierk]

Yes we do.

[shawnj]

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?

[NinjaTrader_Dierk]

>> Are are you saying a future(next) release will have them?
Yes

[PrTester]

Do you have any news or ETA for the indicators?

Regards

[NinjaTrader_Ray]

Hopefully this coming week.

[richa61416]

Swing Indicators.

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.