This is my first attempt to program an indicator for NinjaTrader. The Simple Leg Counter is used to count the pullbacks in a trend. A new trend will start at zero then begin counting every pull back until there is a reset. For example, an uptrend will begin at zero and the indicator will label each found pullback until a lower high is printed. Equal highs or equal lows will not reset the counter. Note that the indicator will recognized 1, 2 and 3 sequential equal high/low bars. It does not currently recognize more than 3 sequential equal bars. Basic font features can be changed such as the color, family, size etc. The margin from the tops/bottoms of the candles can also be adjusted.

This indicator is useful to traders who like to trade pure price action such as the two-legged pull back technique.

Thanks!

There was an issue with my original Simple Leg Counter indicator. It would not save to the workspace or to a template. The user was forced to keep adding the indicator back onto the chart the next time NinjaTrader was opened or when switching to a different workspace. I have fixed that issue with this new version of the indicator. The indicator still works exactly the same as before but with the issue corrected. I labeled this version as version: 07.01.24. Please delete my original version and use this version instead. My apologies for not recognizing this issue sooner. I have also included a slightly larger screenshot that should give a better picture of what the indicator does. Thanks!