JY ANALYTICS

INDICATORS | EXCEL MACRO PROGRAMMING | BACKTESTING

SUPPORT AND RESISTANCE


This indicator was built to help aid momentum style charting in finding support and resistance lines. It was specifically made for the ES instrument plotted with tick bars. This tool may help cut down on chart preparation time or get your chart caught back up if busy with other tasks. It is possible to use the indicator on other instruments such as CL and GS, but JY Analytics has not used it for that purpose. Try the free trial to see if it works for you. There are two parameters that can be configured and fine tuned to your liking. The first parameter is the look back period. The second parameter is the sensitivity value.

The support and resistance indicator can also be a useful during backtest charting on historical bars since the indicator starts plotting at the beginning of the chart. This can help reduce the time spent on manually logging hypothetical trades.

Disclaimer: The user should always practice observational discretion when using any indicator but especially when charting support and resistance lines. This is a tool to aid momentum style charting and should not be interpreted or construed as the absolute method for charting these lines. JY Analytics accepts no responsibility for any trading activity that this indicator is used for. The user accepts all responsibility for all trading activity that they intend to use this indicator with.


The indicator was created for NinjaTrader version 8 and will not work for other versions or trading platforms.

Support and Resistance Lines
Example: downside into sideways
Support and Resistance Lines
Example: sideways into upside
Support and Resistance Lines
Parameters

CLICK HERE TO DOWNLOAD INDICATOR


How to install indicators

This indicator has a 3 day trial that is automatically managed without a need for registration or machine id.

Single charge of $200.00 USD.
The price is for one license on one computer at a time. Additional computers require additional licenses.

After buying the indicator please email your NinjaTrader assigned "Machine ID" to indicators@jy-analytics.com
To find your "Machine ID" open NinjaTrader then go to Control Center, click Help, then click About. It is the 5th line down.

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.