Zigzag Swing Pro

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Description

Zigzag Swing Pro is among the very few NinjaTrader 8 swing indicators that land what you’re looking for.

Overview

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Numerous swing indicators are available, but the majority of them provide incorrect swing points. To address this issue, we created Zigzag Swing Pro, a groundbreaking NinjaTrader swing indicator. This indicator is based on the zigzag pattern algorithm and is intended to overcome the limitations of conventional swing indicators.

Typical swing indicators often have a number of issues, such as incorrectly identifying swing points, particularly in sideways or consolidation periods, and swing points changing when switching timeframes. This is because these indicators only consider the number of bars around a swing point, disregarding the vertical price change. To rectify this, zigzag logic is employed in the development of the zigzag swing indicator for NinjaTrader, which accurately identifies swing points and maintains consistency across different timeframes. By defining the “Minimum Swing Length” in two units, users only see meaningful swing points, and the indicator recognizes tops and bottoms with more precision—essential for swing trading setups.

Additionally, important data such as swing length, bar count, duration, volume, and retracement is displayed at each swing point, and the indicator plots swing levels, divided into Inactive and Active levels, to provide a more intuitive view of support and resistance levels and enhance price action trading.

Overall, Zigzag Swing Pro is a revolutionary and among the best swing indicators on NinjaTrader, offering a better understanding of market structure and helps traders gain an advantage over their competitors.

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Software Changelog

• 01 Feb 2023 – The indicator was released (build new).