This indicator was another happy discovery we made as we developed the SpeedTick indicator. As we were analyzing the data that makes the SpeedTick so incredible, we also noticed a completely different set of data patterns begin to emerge that was actually unrelated to the SpeedTick data but came from the same source. This data also pointed to a high probability pullback.
Load this indicator onto your NinjaTrader 7 trading platform and see for yourself. It is truly amazing how accurate it is.
Add to any chart or time frame
Prints on the current bar in real time
DOES NOT repaint several bars after the fact
Based on underlying tick chart data
User defined tick chart size
User defined tick count time period
User defined thresholds
User select draw object, colors and sizes
Toggle on/off from chart