Description
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.
Highlights:
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
Sound Alert
User select draw object, colors and sizes
Toggle on/off from chart
Michael W –
5 stars
Mark –
4 stars
Alan R –
3 stars
Matthias –
3 stars
Christopher F –
needs more explanation
Graham K –
To add confluence
Bill M –
How do you rate these individually, Connor? I really can’t
John D –
5 stars
Carlton –
Good confluence indicator, just not as “popular” as others.
Alex B –
4 stars
Eric I –
4 stars
brett i. –
This is a great product. I’ve tuned it to capture the larger moves by raising the threshold. I’ll gladly reduce my trades per day for quality.
Franklin Parrish –
I found it to be an excellent tool right out of the box even before training it. I certainly see why the developer named it “Ricochet” as it catches price at turning points as if price ricochets off support or resistance areas. Utilizing time and sales data in this way was nothing short of genius by the developer. It is a thinking traders tool. We don’t always know why there is a flurry of activity at certain price levels but now we have a tool to to alert us when it occurs and therefore adding confluence to our trade decisions. I can’t wait to try other fine products from Intentional Trader. Thanks bunches!!
Robert S –
good indicator as well. i use it for confluence but i dont feel its as strong as others. Im not sure exactly what it measures
Abby –
love it
Ralph L –
When I Bunt traded I liked Rico Dots
Andy R –
Nice confluence
Ibe –
5 stars
Mark F –
Ricochet combined with pullback alert is a great setup, not very frequent but another great setup.
Sam F –
Love it & use it
Don –
Good supporting indicator
Trader Joe –
Good
Derek –
Good for confluence
John vn –
Takes some practice but great for confluence
Mike C –
Just like the PBA. My rules call for lots of confluence. This helps greatly.
BIll –
Keith –
The Ricochet indicator is very helpful in recognizing HFT activity, and/or a situation where the orderflow is building up for a possible reversal. Together with the PullBack Alert indicator, it adds to the confluence of events that I look for to get into
John A –
SP –
Great with the Pullback Alert! Very reliable
Bob R –
One of the top IT tools.