Price Action Analyzer NinjaTrader 8
Uses various price action methods to help determine entry, trend, changes to supply and demand, and insight into what the market is telling us.
The The Swing Toolkit uses analysis of price swings to identify reversal areas. The UppDnn Price Action Analyzer is meant to compliment the The Swing Toolkit by identifying price action events when the market enters your reversal area.
Price Action and Signals Handled by the Price Action Analyzer
- Hidden Gap Bars
- Inside / Outside Bars
- Up Thrust and Spring (filtered, unfiltered, and requiring high volume)
- No Demand and No Supply (filtered and unfiltered)
- Effort to Rise and Effort to Fall
- Stopping Volume (up/down trend, two types)
Purchase Price Action Analyzer NinjaTrader 8
Price Action Analyzer ‘Cheat Sheet’
For easy reference, we’ve created a Price Action ‘Cheat Sheet’ you can easily print!
Click Here (PDF)
Price Action Analyzer ‘Additional Sound Files’
The sounds are customizable within the Indicator, but we include a collection of sound files to get your started. Please use this installation wizard.
Click Here (EXE)Market Analyzer Scanner
(Please visit our Market Analyzer Template page for more information and other templates!)
Hidden Gap Bars
These bars are indications of supply and demand change, where price is breaking out of an area of consolidation and discovering a new price area.
When an area of price is considered to be an accepted value, there will often be sideways price action. When this area is no longer considered fair value, then price breaks out of that area to search for a new value. This breakout can cause hidden gap bars to form.
In the screenshot below, the red boxes are highlighting these sideways price action areas (manually drawn). When price breaks out of these areas, often there are the blue, hidden gap bars.
These areas of value often become support/resistance later. Sometimes it is the edges of those areas (low volume nodes) or sometimes it is in the “middle” of those areas (high volume nodes) that offer the support/resistance (red lines in the screenshot below). These are Market Profile concepts.
Inside and Outside Bars
- Inside Bar – A lower high and a higher low than the bar proceeding it.
- Outside Bar – A higher high and a lower low, than the bar proceeding it.
These types of bars shows that the market is trying to find “value”.
An inside bar tells that the market is indecisive and the previous bar’s value is still the current, acceptable range. An outside bar that closes near the high is bullish and an inside bar that closes near the low is bearish.
Spring and Up Thrust
- Spring – Continuation of an uptrend signal. At the bottom of pullback during an uptrend, a bar will reverse and close near the highs of the bar.
- Up Thrust – Opposite of a “Spring”. An “Up Thrust” is a continuation of a downtrend signal. As price pulls back during an downtrend, the bar will reverse and close near the lows of the bar.
No Supply and No Demand
- No Supply – Occurs during a pullback in an uptrend. As price pulls back, volume decreases indicating that supply (interest in going lower) is dwindling. The signal is confirmed with a break of the high of the signal bar.
- No Demand – Occurs during a pullback in a downtrend. As price pulls back, volume decreases indicating that demand (interest in going higher) is dwindling. The signal is confirmed with a break of the low of the signal bar.
Effort to Rise, Effort to Fall, and Stopping Volume
- Effort to Rise – Occurs after a period of accumulation and indicates that a new uptrend may be beginning (or a continuation if in the direction of an established uptrend).
- Effort to Fall – Occurs after a period of accumulation and indicates that a new downtrend may be beginning (or a continuation if in the direction of an established downtrend).
- Stopping Volume – Similar reversal bar where high volume comes in at the end of a trend.
Volume: Accumulation and Distribution
Price Action Analyzer ‘Cheat Sheet’
For easy reference, we’ve created a Price Action ‘Cheat Sheet’ you can easily print!
Click Here (PDF)
Price Action Analyzer ‘Additional Sound Files’
The sounds are customizable within the Indicator, but we include a collection of sound files to get your started. Please use this installation wizard.
Click Here (EXE)Preferred Platforms
