This is our first release of the Ned Davis 4% indicator. Although it defaults to looking for a 4% weekly move, the indicator is generic enough to generate a colored candle based on percentage thresh hold.
|Up Color||The color for a move above the PctChange threshold|
|Dn Color||The color for a move below the PctChange threshold|
|MarkerEnable||Turns on or off the Diamond markers|
|PctChange||The amount the price has to move between closes to trigger a color change|
**Note to rlCandle indicator users, this indicator must be installed after the rlCandle indicator as both re-write the candle colors and the last indicator wins.
To use this indicator, install it with the NinjaTrader script import and put it on your charts. It will work with any symbol and with any time frame.
There is a Ned Davis / Zweig 4% strategy available also for premium members. You can find the strategy for test Pct move entries using any index to trade a 2nd instrument, ie, you can use pct moves to trigger in the S&P500 for a buy or exit in IBM for instance.