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 Trade Video
https://www.youtube.com/watch?v=J8JpWGMpNkY&feature=emb_logo
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.
Download For NinjaTrader 7
Download For NinjaTrader 8
FAQ
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?
What are the settings?
- 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
Buy Sell Pressure Indicator for NinjaTrader® 7/8
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