Market Cycle Indicator
The Market Cycle indicator for NinjaTrader is a tool used to help traders identify the current market cycle phase, which can help make trading decisions. The Trading123 Market Cycle Software identifies patterns in the market by plotting price labels before the candle closes and uses a Higher Low and Higher High to indicate a bullish trend. In contrast, a Lower High and Lower Low would indicate a bearish trend. It also identifies Double Tops and Bottoms. This visual representation of patterns can help traders identify market trends more quickly.
The manual and videos provided explain certain accurate and powerful trade setups. Additionally, the indicator does not repaint; once plotted on the chart, it remains unchanged.
These patterns repeat daily, and with our advanced indicator for NinjaTrader 8, you can quickly learn and profit from them. Our indicator detects one of the best chart patterns for trend reversal: the Double Top and Double Bottom. Traders love this pattern as it often leads to dramatic price moves with solid momentum, resulting in more significant gains. Our indicator works exceptionally well with all futures and can help you identify patterns regardless of your trading style.
Trading123 Market Cycle Pro indicator moves with the price action and identifies trend reversals and is not a lagging indicator. One of the strongest moves is to buy the Higher Low and Sell the Higher Highs as the chart above shows. Once plotted on the charts the labels don’t repaint. Trading the higher lows tells us that the trend is bullish. So you trade with the trend. You’re not going to short a higher low. The Trading123 Market Cycle Software identifies the patterns. A Higher Low and Higher High indicate a bullish trend. Where an Lower High and Lower Low indicate a bearish trend.
Price labels are plotted before the candle closes. The visual effect of the patterns will help traders idntify the patterns. You will also get our new color-coded moving average that identifies the trend. The Moving average turns red to green for the overall trend and can be used with the Market Cycle Pro.
Trading123 Market Cycle Pro indicator riding the downtrend. Look for a print of a Lower High, like in the examples below. So if you shorted the lower high you would cover one of the Lower Low plots on the chart. Or if you wanted to go long, buy the lower low and cover once the Higher High appears on the chart.
Price labels are plotted before the candle closes. The visual effect of the patterns will help traders identify the patterns. Our ninjatrader indicators are professionally programmed by ninjatrader 8 programmers with over 25 years of experience.
The Trading123 Market Cycle Software identifies the patterns. Here we have a Higher High followed by a Lower Low, this is a bearish pattern. The Lower High will plot on the chart next and indicates a bearish trend, and the lower we go. Look to exit once the lower low plots on the chart. And these plots do not repaint once it appears time to exit the trade. In the chart above we have a live trade in NQ and after a Higher High which I labeled Take Profits as you can customize the labels. A Lower High plots we get short 3 contracts and ride the wave down for nice gains.
Now Double Tops are more than likely to be bearish patterns. It indicates that the price was unable to break above the previous high and could be moving into the previous resistance. Double bottoms are more bullish as it means the price could not break the low and may have found previous support.
You have the standard chart labels on the chart as shown. But we made them customizable to input what you wish. Like the chart shows, we took the Higher High and Labeled it Take Profits. For all the labels, you can rename them and customize them. With the software the labels do not repaint, once plotted on the chart there etched in they will not move or repaint. The software comes with the Trading123 Renko bars, manual, and video on how to set it up and use it.
In the parameters, you can change the label of the tags, and rename them if you wish. As you see, it identifies six different patterns from Higher High, Lower High, DT for Double Top, Lower Low, Higher Low, and Double Bottom.