This indicator employs swing-point analysis. A delay of N bars is necessary for a swing to be identified. Consequently, the appearance of a swing point is postponed by N bars, where N = 10 by default for precise identification (with N being at least 1). However, this delay is not a significant issue due to the long-term impact of the support/resistance, often extending over tens or even hundreds of bars.
How can we capture a swing high at its pinnacle? Only after observing more bars without a further increase in price can we confirm it as a swing high.
Are you enthusiastic about support/resistance?
Would you like to witness a distinctive S/R indicator? Absolutely! So do we!
Support/Resistance Radar stands as our exceptional PRIME* indicator within the S/R family, and it took us two years to develop. It was created with swing points, drawing inspiration from the visual concept of Market Profile, and incorporates our proprietary algorithm. The end result is an incredible tool capable of pinpointing exceptional S/R zones. It aids traders in navigating the market and seizing opportunities, much like radar assists a plane in its navigation.
The swing point, which serves as the cornerstone of our best-selling Divergence Engine$, is at the heart of this indicator. It assists in calculating and delineating S/R zones. The indicator identifies qualified swing points and groups them by proximity to form an S/R zone. Depending on the selected data mode, a zone’s value is presented either in terms of cumulative swing strength or by the total number of points. Ultimately, multiple zones stack up, resembling a volume profile. As a result, it’s a fresh take, yet it will feel familiar to most traders.
You’ll be amazed, just as we were, when you initially apply this indicator to your chart and witness the influence of those swing points in creating the S/R zones. For such a simple concept, the effectiveness surpasses imagination. These zones represent areas where the market often seeks rest, experiences rebounds, and undergoes reversals. Like real radar, it assists traders in navigating the market to identify an opportune position or simply warns them of potential choppy movements ahead.
Support/Resistance Radar offers two data types for you to select from:
- SwingStrength: In this mode, “Strength” indicates how far the price rebounds from the swing price, akin to how a radar’s waves bounce off objects. The cumulative strength of points within a zone signifies the value of that zone.
- SwingCount: In this mode, the number of points within a zone signifies the value of that zone.
- Allow selecting profile data type: SwingStrength or SwingCount
- Allow configuring swing point’s neighborhood
- Allow configuring swing point’s monitoring period
- Allow configuring swing point’s minimum strength
- Allow configuring S/R zone max height (ticks)
- Allow filtering peak line by neighborhood
- Allow customizing the color & visibility of swing points
- Allow customizing the color & visibility of peak line
- Allow painting profile with colors gradient to highlight where profile data distributes most or least
- Allow quick on/off switch via a draggable & customizable toggle, WITHOUT reloading chart
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
- Ready to use out of the box
- Fully configurable & customizable with ease
Please read Installation Guide for details.
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
NinjaTrader 8 version:
- 27 Jul 2022 – The indicator was released (build new).