The SaraStrat Indicator is provided through NinjaTrader LIVE – https://ninjatrader.com/learn/livestreams/
Version 1.0 – Developed March 2025
The SaraStrat indicator is a candlestick price action labeling tool that identifies key bar patterns and overlays text labels on the price chart accordingly. It is designed to help traders visually spot and classify bar behavior using a numeric/text code system. This can be helpful for traders who use price structure and bar formation patterns to guide trade decisions
________________________________________
Pattern Rules & Label Definitions:
Each bar is labeled based on its relation to the previous bar:
“3” – Outside Bar
Condition: Current bar high is higher than the previous bar high, and its low is lower than the previous bar low.
“1” – Inside Bar
Condition: Current bar high is less than or equal to the previous high, and the low is greater than or equal to the previous bar low.
“2U” – Higher High, Higher Low
Condition: Current bar high is greater than the previous high, and the current low is greater than or equal to previous bar low.
“2D” – Lower High, Lower Low
Condition: Current bar low is less than the previous low, and the current high is less than or equal to the previous bar high.
Performance and Memory Handling:
The indicator tracks and stores bar labels in a memory-safe way by limiting the number of stored items via the MaxStoredItems parameter (default: 1000).
Real-time bars are dynamically updated to reflect the most recent structure.
________________________________________
Customization:
MaxStoredItems: Controls how many bar labels are stored and displayed historically. This helps manage performance on long charts.
________________________________________
Disclosure:
Futures trading involves significant risk and is not suitable for all traders. The SaraStrat indicator, provided by NinjaTrader, LLC, is intended solely for educational and demonstrational purposes. It does not constitute financial advice or a recommendation to trade. Past performance is not indicative of future results. All trading decisions are your sole responsibility. Additional disclosures can be found on the NinjaTrader website. for additional information contact [email protected].