User Submitted App Features: NinjaTrader 8 Compatible

This indicator plots a line for the hourly high and hourly low. Can be used with different time frames, as well as tick charts. The line will move along with the highest high and lowest low, plotting the highest and lowest point for that hour.

This is my first attempt to program an indicator for NinjaTrader. The Simple Leg Counter is used to count the pullbacks in a trend. A new trend will start at zero then begin counting every pull back until there is a reset. For example, an uptrend will begin at zero and the indicator will label each found pullback until a lower high is printed. Equal highs or equal lows will not reset the counter. Note that the indicator will recognized 1, 2 and 3 sequential equal high/low bars. It does not currently recognize more than 3 sequential equal bars. Basic font features can be changed such as the color, family, size etc. The margin from the tops/bottoms of the candles can also be adjusted.

This indicator is useful to traders who like to trade pure price action such as the two-legged pull back technique.

Thanks!

There was an issue with my original Simple Leg Counter indicator. It would not save to the workspace or to a template. The user was forced to keep adding the indicator back onto the chart the next time NinjaTrader was opened or when switching to a different workspace. I have fixed that issue with this new version of the indicator. The indicator still works exactly the same as before but with the issue corrected. I labeled this version as version: 07.01.24. Please delete my original version and use this version instead. My apologies for not recognizing this issue sooner. I have also included a slightly larger screenshot that should give a better picture of what the indicator does. Thanks!