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Indicatorwarehouse – Elliot Wave | Swing | Zig Zag Indicator

Indicatorwarehouse – Elliot Wave | Swing | Zig Zag Indicator

Sale page: https://www.indicatorwarehouse.com/ninjatrader-indicator/elliot-wave-swing-zig-zag-indicator/

The Most Profitable Distance Between Two Price Points

Fast and Simple way to measure the distances between Swing Points on a Chart.

The Swing Wave Calculator provides an quick and easy way to measure and analyze the distance between swing points and waves in ticks, points, or bars. These numerical values are drawn at the midpoint of the line that connects two dot endpoints.

The markets are always in one of two phases: expansion or contraction. The trick is to find out which way the market is expanding and get ready to go in that direction. Swing Wave Calculator helps see which side of the market is expanding by evaluating the different waves.

Likewise many traders want to know the “strength” of a wave they are on (I do!) If the wave is getting weaker then you would be on the lookout for a possible reversal/pullback.

These things may seem obvious but they’re not always easy to see when the charts are unfolding.  The Swing Wave Calculator Zig Zag Indicator QUANTIFIES the Swings moves to give you the data you need to make informed

The Swing Wave Calculator works very well in combination with the Mini-Elliot Wave and Ross Hook 1-2-3 Wave Counter for analyzing the strength of the waves in action.

In addition,  The Swing Wave Calculator’s price option is a useful  tool for quickly determining the dollar value (risk) of an entry.

This premium trading tool not only shows the distances between swing point, but also has a “ShowStatistics” mode to visually display the average distance and standard deviation of distances for any “dots” on the chart… this can be done with manually drawn dots or programatically with the built-in Zig-Zag nodes indicator.

The built in ZigZag Dots On Node indicator draws the necessary dots on each node of the ZigZag indicator. These dots are easily adjusted to your specificationas and serve as quick inputs for the Swing Wave Calculator.

Key Features

• DotSource – Select manually drawn dots, automatically drawn dots, or both. The indicator can be set to distinguish between manually drawn dots, or dots drawn automatically by an indicator or strategy. This powerful analysis and drawing tool is perfect for ZigZag swing calculation, historical strategy entry/exit distance calculation, and manual/automatic wave counting.
• OutputType – The type of numerical data printed to the chart. You can choose from the following:
• Output is # of ticks / # of bars.  So when two dots are 10 ticks apart in price and 3 bars apart time, then the output will be “10/3”
• Similar to TicksAndBars, but this is in instrument points.
  • Ticks: Displays only the number of ticks in price between dots.
  • Points: Displays only the number of instrument points in price between nodes. 
  • Bars: Displays only the number of bars between dots.
  • Volume: Displays only the number of Contracts traded between points

Category DotId

• ShowDotId – Each dot on the chart is given a sequential number, starting with “1”. If you want to print that sequential number near each dot, set this parameter to “true”
• DotTextSize – The font size (in font points) for the sequential number
• Fill Color – Rectangle color that prints behind the sequential number
• Separation – Distance of the sequential number from the drawn dot
• Text Color – Color of the sequential number

Visual Parameters

• Fill Color – Color of the distance number which will be drawn at the midpoint between two dots
• Line Color – A dashed line is drawn between the two input points. Set this to “Transparent” to turn-off the line.
• Line Width – Width of connecting line
• ShowStatistics – If you want to get data on the average distances between points, and you want to get data on the standard deviation of those distances, set this parameter to “true”. The information will be printed to the upper right corner of the chart and also to the Output Window.
• Text Color – Color of the distances information printed between two dots.
• Text Size – Font size of the distance information printed between two dots.

SPECIAL FEATURE

• Divide a group of dots into 2 separate groups
• Insert a “Square” in the appropriate place and it will act as a divider or terminator. The “Square” is drawn by an Alt-F6 keystroke.

Salepage : Indicatorwarehouse – Elliot Wave | Swing | Zig Zag Indicator

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