Length of Swing Draw Tool...

[Alfred]

How about a Length of Swing draw tool...??
A mirror of a Length of Swing line will often call an important chart point...
perhaps a turn or acceleration point.

See screen shot below....

This could be a Ninja exclusive...I have not seen (so far) another program that has a draw tool like this...

Thanks....

[NinjaTrader_Joydeep]

Hello Alfred,
Thanks for your feedback.

I will send your feature request to development for future consideration.

Please let me know if I can assist you any further.

[Alfred]

Further ideas on this...

Hi again...testing this idea out a bit....I Googled trading "length of swing" & got 15800 results (screen shot below...some of these results may refer to children's swings and golf swings though)...apparently there is quite a bit of interest around this classic charting technique. With so much interest in this specific area, perhaps Ninja might wish explore this as a useful draw tool idea to include in Ninja....

I have used a length of swing automatic indicator in another program (indicator by Clyde Lee)....it worked fairly well but the problem is it measured between automatically selected pivot points and one therefore tends to get a bit of chart clutter where too many swings can be called....and also get swing points that sometimes do not work all that well.

I would personally prefer a manual draw tool for working with length of swing...where with a bit of skill one can then select well defined trends, chart patterns and lengths of swing on a chart to get a mirror image of for a target....targets that may also coincide with those from other techniques....and with a manual draw tool one could quickly alter the measuring points as may be required as chart points develop.....often there will be a bit of ambiguity on which points to measure to or from, and with a manual tool one could easily explore these....

Thanks...

[NinjaTrader_Joydeep]

Hello Alfred,
I will let development know about your request.

Please let me know if I can assist you any further.

[Alfred]

Revised tool graphics...

Screen shot below shows revised Length of Swing draw tool graphics suggestions...

Thanks...

[Alfred]

One more addition...

The Length of Swing cycle will often repeat 2 or 3 times (maybe even 4)....possibly add optional vertical target lines at these points....the user could select the number of repetitions desired for each Length of Swing application....

Screen shots below.....

Thanks....