Candle Quarters

We have all studied price action of candles to try to predict what might be coming up. I have been studying and trading off of candle centers for quite some time and finally made a simple indicator to mark the 25%, 50%, 75% and Pivot of the candle to show me where turns might occur or pullbacks might go to. For instance, Bull Candles that close below 50% can indicate that the Bull move is ending. The reversing candles like to retrace to 50% on the new move, so you know where to jump in when the new move has started. Study it and see what you think. I use it and find it valuable on various time settings. I also brought out the ZOrder as the indicator occasionally hides behind the candles. The ZOrder is a function that is documented in the Ninja help files and you can adjust with hotkeys if needed. ZOrder is the stacking of the drawing objects on the chart. It is not well controlled by Ninja but I found that a value of 30006 seems to work pretty well.

Trade Well

Bob

Created By bobc635
NinjaTrader Version 7
File Size 2.1 KB
Create Date 07/01/2013
# of Downloads 2175

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