WHAT IS THE HEAD AND SHOULDERS INDICATOR, AND WHAT CAN I GET FROM IT?
The famed Head and Shoulders Indicator detects bullish-to-bearish trend reversals based on the famous algorithm by Giorgos E. Siligardos, PhD. It is widely considered to be one of the most accurate trend pattern algorithms and we are happy to provide it for NinjaTrader 8.
Using three peaks (2 “shoulders” and one “head”), this chart formation is a forecasting indicator for a reversal in a bearish market. A unique chart pattern that signals a change in trend from bullish to bearish. The pattern appears as a baseline with three peaks, the centre peak being the tallest and the outside two peaks being very close in height.
The Head and Shoulders Indicator is one of our favorite reversal indicators and therefore listed in our market trading indicators for NinjaTrader 8!
OBTAIN THE NINJATRADER HEAD AND SHOULDERS INDICATOR
Download the Head and Shoulders Indicator by Devside Trading for NinjaTrader 8 today!
✅ Features
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✅ Based on proven technical analysis of charts
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✅ Shows trend reversals
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✅ Suitable for all types of traders and investors
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✅ Easily set up
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✅ Full customization including colours
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✅ Drawing the "m-point", price target region, cross target signals & arrow markers
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✅ Fully compatible with NinjaTrader 8
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✅ Drawing the "m-point" ~ projection of head point to the neckline
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✅ Drawing the price target region
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✅ Drawing arrow markers when the close value crosses into, above or below the region
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✅ Cross target signals for the following states: above price region = -1, inside price region = 0, below price region =1, pattern not yet found = 2
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✅ Factors: Shortens or increases the left half of the Head And Shoulders pattern for searching for the left shoulder
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✅ Target Percent Lower Border: Defines the lower border of the price region
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✅ Target Percent Upper Border: Defines the upper border of the price region
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✅ Nearly unlimited amount of search bars for Head And Shoulders patterns
ANALYZE THE MOST RECENT PRIZE PATTERNS AND INCORPORATE THE HEAD AND SHOULDERS INDICATOR INTO YOUR PLAN TO YOUR ADVANTAGE!
The pattern of the Head and Shoulders Indicator is sometimes employed to identify market reversals. As a result, you can utilize the pattern on the lower periods to spot the conclusion of a reversal and a change in the main trend's direction if you are particularly interested in trading opportunities in that direction.
One of our favorite volume indicators is the Volume Delta Profile indicator, which provides more in-depth analysis. You can also use it in conjunction with one of our momentum indicators, like the Stochastic Oscillator Superior indicator, to get a more precise estimate of how long a price change will last.
OTHER USEFUL REVERSAL INDICATORS FOR NINJATRADER AND MORE!
With the Head and Shoulders Indicator download you are using one of the most reliable trend reversal patterns, but be sure to check out our other reversal indicators
The opposite of head and shoulders pattern is the inverse head and shoulders pattern. An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
Both pullbacks and reversals involve a security moving away from its highs, but pullbacks are brief while reversals are more prolonged.
DISCOVER DEVSIDE TRADING'S NINJATRADER HEAD AND SHOULDERS INDICATOR AND MORE TOOLS!
Add the Head and Shoulders Indicator to your basket to download it and enjoy all of its advantages, including notifications and trend changes. After entering the necessary information during checkout, you can select one of our many secure payment options.
You will then receive a confirmation email from us with an activation code, allowing you to download the Head and Shoulders Indicator without risk. Interested?
Do you need assistance utilizing our app's Head and Shoulders Indicator or activating your paid downloads? View our handy activation guide for more information! Need more?
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Any questions left? Feel free to contact us using our contact form or you can chat with us directly!
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