This indicator creates colored lines along the momentum line at higher highs and lower lows.
this indicator serves as a quick glance for identifying higher highs and lower lows in price along the line, but the reason for this indicator is to identify when momentum acts inverse to price.
when price makes a higher high but momentum is showing lower than the previous high, it signals a divergence and this could be an indication of price starting to reverse. same applies if lower low price shows higher momentum than previous low price.
Try it out and see if you like it. if you make it better or have questions or issues reach out.
Use it and abuse it!
-Casey
Created By | ccagle |
NinjaTrader Version | 8 |
File Size | 3.5 KB |
Create Date | 11/26/2024 |
# of Downloads |
Importing to NinjaTrader 8 is Easy!
To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:
- Download the app or add-on file to your desktop
- From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
- Select the downloaded file from your desktop
Questions?
Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.