Buy Sell Pressure Indicator for NinjaTrader® 7/8

Features

  • shows Strength of a Trend, by examining bar features and relation to prior bars (bodies, tails, overlap and open/close)
  • identifies possible Momentum and Exhaustion by showing
    – Buying Pressure in a bull move and Selling Pressure in a bear move (momentum)
    – Selling Pressure in a bull move and Buying Pressure in a bear move (exhaustion)
  • use as a discretionary indicator and for Automated Trading with BloodHound
  • alert feature
  • does not work on HeikenAshi, Kagi, Renko, PointAndFigure and LineBreak charts

Example Charts

Example Trade Video

All of our available paid indicators are distributed in one package.
This package also includes a chart template (“PA_Indicators_ES_5min”) .
After installing the indicator package into NinjaTrader, that chart template can be
used to show a possible setup of the indicators for the ES E-mini 5 minute RTH chart.

FAQ

What is Momentum and Exhaustion?

Momentum traders bet that an asset price that is moving strongly in a given direction will continue to move in that direction until the trend loses strength.
Source: FXCM.com

Exhaustion is a situation in which a majority of participants trading in the same asset are either long or short, leaving few investors to take the other side of the transaction when participants wish to close their positions. For example, if everyone has already bought, when those people want to sell there will be no more buyers to sell to which will cause the price to fall.
Source: Investopedia

What do the signals mean?

The easiest way to put it: red = sellers and  green = buyers

Can I simply buy or sell the close of every momentum bar or signal?

  • This largely depends on context, trading style and stop loss (risk), also on your ability to scale in and the use of wide or swing stops (below the last higher low or above the last lower high in a trend).
  • for higher probability, wait for a pullback and enter on a with trend bar (e.g. with a bar stop) and an initial risk/reward of at least 1 (IR/R=1)
  • advanced traders can buy below the prior bar (in a bull) or sell above the prior bar (in a bear), if that is a with trend bar
  • the ability to scale in and use a swing stop greatly increases the probability of a successful trade
  • also look for confluence of multiple Buying Pressure / Selling Pressure signals and with other indicators or Support / Resistance

Can I simply buy or sell the close of every exhaustion bar or signal?

  • this largely depends on context, trading style and stop loss (risk), also on your ability to scale in and the use of wide or swing stops (below the last higher low or above the last lower high in a trend)
  • to increase the probability of a successful counter trend trade you can wait for a strong Reversal Signal Bar after a couple of pushes at support or resistance and trade the breakout of that with a stop entry
  • in a pullback in a trend it’s reasonable to buy/sell closes to enter with trend
  • advanced traders can buy below or sell above (and scale in) swings created by exhaustion
  • also look for confluence of multiple Buying Pressure / Selling Pressure signals and with other indicators or support/resistance

What are the settings?

Indicator name: PABuySellPressure

Show Last 200 Bars only
Show the indicator signals only for the last 200 bars, which will speed up a reload of the chart or indicator

Sound Alert
Play a sound and show an alert in the alert window

Sound Alert File Buying Pressure
Pick a .WAV file from the NinjaTrader sound folder 

Sound Alert File Selling Pressure
Pick a .WAV file from the NinjaTrader sound folder 

Momentum
Shows Buying Pressure (BGP) in a bull move and Selling Pressure (SGP) in a bear move

Exhaustion
Shows Selling Pressure (SGP) in a bull move and Buying Pressure (BGP) in a bear move

Bodies
Checks the change of bodies of bars for BGP and SGP

Tails
Checks the change of tails of bars for BGP and SGP

Overlap
Checks the change of overlap of bars for BGP and SGP

Buyers/Sellers on Open
Checks for gaps between the Opens of bars and the closes of  prior bars

For any inquiries please email

  • stockradar12@gmail.com
  • +91-9958406102
  • intraday.trading
  • StockRadar.in
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