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The Pivot Set up indicator identifies points where the market will change direction. Great for scalps, place your entry on the Green triangle and your stop loss on the red triangle.
Settings:
Larger Wick than Body: Signal candle must have a longer total wick, than body. This includes up and down wick.
Play Alert Sound: If Alert sound file exists in C:\Program Files\Ninja Trader 8\sounds, then it will be played when a Pivot setup is detected.
Directional Wick: Requires that the signal candle have a longer wick down for Long trades and a longer wick up for Short trades.
Look Back: The number of candles to look back at when detecting a Pivot Setup
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