An introduction to the dynamic price pivots indicator for NinjaTrade
The dynamic price pivots indicator for Ninjatrader, is another of those indicators, which whilst superficially appearing to be very simple, is in fact a powerful and versatile tool which can be applied and used in many different ways.
Two specific pivot signals are displayed. A pivot low, and a pivot high. Both are shown with a yellow arrow and are triggered over a three candle pattern. The pivot low is triggered on the centre candle, when the candles or bars either side have a higher high and a higher low than that in the middle. The pivot high is triggered on the candle, when the candles or bars on either side have a lower high and a lower low. These simple phases of price action then signal potential reversals along with pause points into congestion, and the development of longer term trends.
Dynamic price pivots indicator for Ninjatrader in action
In this short video we look at a couple of examples of the pivots indicator for Ninjatrader in action. In the first example we see how to use the pivots indicator to describe a congestion phased on the gold chart in realtime, and in the second, how the indicator helps to define a trend, at the live edge of the market.
The pivots indicator is a simple but extremely powerful indicator, helping to describe and define the phases of price action live and in realtime.