# 2 Finger Salute

The AlgoBox™ 2 Finger Salute is an indicator-based strategy specifically designed for range bars. 

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FtFKHB4UIsPc4gHvBEbDN%2F2%20Finger%20Salute%20B%20GIF.gif?alt=media&#x26;token=043d9ee1-cc89-4094-9e84-82d4701036e5" alt=""><figcaption><p>Example of a Loose Up 2 Finger Salute (bullish).</p></figcaption></figure>

The 2 Finger Salute indicator detects a 2-bar pattern using proprietary algorithmic criteria.&#x20;

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FoAgYFQuM18NyFfRES6FR%2F2%20Finger%20Salute%20A%20GIF.gif?alt=media&#x26;token=f9b34821-4cbf-4354-9ac4-da75f8b9d5a3" alt=""><figcaption><p>Example of a Loose Down 2 Finger Salute (bearish).</p></figcaption></figure>

The only range bar charts in the default AlgoBox™ workspaces are the [Tide and Wave charts](https://docs.algoboxpro.com/fundamentals/chart-layouts), which are the highest "time frame" sized charts of the AlgoBox™ system. Since the 2 Finger Salute is designed only for range bars, it is not recommended as an entry strategy by itself.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FJw08dgmRYa8caneYyUkw%2F2%20Finger%20Salute%20D%20GIF.gif?alt=media&#x26;token=ea170f7e-e1c6-4701-a73b-171cc386f3c3" alt=""><figcaption><p>Example of a Moderate Up 2 Finger Salute (bullish).</p></figcaption></figure>

The 2 Finger Salute indicator is a powerful tool for identifying market bias and setting targets. Combine it with the Order of Operations for a comprehensive trading approach.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FGpWAKxNT88dnC1ToigIc%2F2%20Finger%20Salute%20C%20GIF.gif?alt=media&#x26;token=819d8c5b-3288-4a2c-9313-58f592298567" alt=""><figcaption><p>Example of a Moderate Down 2 Finger Salute (bearish).</p></figcaption></figure>

The 2 Finger automatically plots suggested potential levels for Target 1, Target 2 and Target 3.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FRoYxsLi3JhyMzAE4MPLV%2F2%20Finger%20Salute%20E%20GIF.gif?alt=media&#x26;token=ea34d13e-4fbf-4c1f-af6f-fd292e8e2876" alt=""><figcaption><p> Example of a Super Up 2 Finger Salute (bullish).</p></figcaption></figure>

The two green lines represent Target 1 and Target 2, and the red line represents Target 3.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2Fi8DyHvUrpK9W9KMRzbIM%2F2%20Finger%20Salute%20F%20GIF.gif?alt=media&#x26;token=1200cc55-fcc1-4488-8c7b-e653c5e747c4" alt=""><figcaption><p>Example of a Super Down 2 Finger Salute (bearish).</p></figcaption></figure>

There are 3 levels of 2 Finger Salute strength: <br>

* Loose
* Moderate
* Super

With a Super 2 Finger Salute, aiming for the red line (Target 3) may provide a higher probability of hitting than aiming for Target 3 with a Loose 2 Finger Salute.

***

## 2 Finger Salute Settings

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FsMlaY1wJdkaJRRBQRTkE%2F2FS%20settings%20gif.gif?alt=media&#x26;token=386ce2d3-30ed-4052-9cd6-f4a0db6f58b9" alt=""><figcaption><p>The 2 Finger Salute indicator offers a variety of customizable settings, allowing you to adjust them according to your preferences. Default AlgoBox™ settings are shown.</p></figcaption></figure>

## 1. Audio

The audio alerts you once a 2 Finger Salute is plotted on the chart. You can customize these alerts by changing the audio to a preferred voice or sound, or turn them off entirely.

<mark style="color:yellow;">Sound Alert:</mark> Receive sound alerts when a 2FS is detected on the chart, with the option to add your own custom sound.

<mark style="color:yellow;">AlgoVoice:</mark> You can enable or disable real-time audio alerts as per your preference.

<mark style="color:yellow;">Voice Rate:</mark> You can customize the speed of the AlgoVoice alerts to your preference.

All custom sounds must be in .wav file format only.

## 2. Calculations

Allows you to control how frequently the 2 Finger Salute indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.

<mark style="color:yellow;">Calc Override:</mark> Default setting is unchecked. Check this setting to customize and utilize Calc Interval.

<mark style="color:yellow;">Calc Interval:</mark> Set your custom desired calculation interval. The smaller the number, the more frequently the indicator will recalculate, which increases processing load on your system's CPU. The default setting of 1000 is in milliseconds, which is equal to 1 second. If you wanted the 2 Finger Salute to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.

<mark style="color:yellow;">Limit # of Bars (Performance):</mark> Set the maximum number of bars the indicator will use to calculate 2 Finger Salutes.

<mark style="color:yellow;">Show Strict:</mark> Setting on "Yes" will calculate/plot Super 2 Finger Salutes on the chart.

<mark style="color:yellow;">Show Moderate:</mark> Setting on "Yes" will calculate/plot Moderate 2 Finger Salutes on the chart.

<mark style="color:yellow;">Show Loose:</mark> Setting on "Yes" will calculate/plot Loose 2 Finger Salutes on the chart.

## 3. Custom Settings

<mark style="color:yellow;">Popup Alerts:</mark> Setting on "Yes" will display a popup alert via NinjaTrader when a 2 Finger Salute plots on the chart.

<mark style="color:yellow;">Show Text:</mark> Setting on "Yes" will display text labeling each 2 Finger Salute that plots on the chart.

## 4. Data Series

Displays the current chart instrument, contract date and configurations applied.

<mark style="color:yellow;">Input Series:</mark> This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.

## 5. Setup

Allows you to add a label, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.

<mark style="color:yellow;">On Price Change:</mark> Updates the indicator only when there is a change in the instrument's price.

<mark style="color:yellow;">On Bar Close:</mark> Updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.

<mark style="color:yellow;">On Each Tick:</mark> Updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This setting increases CPU processing load.

## 6. Visual

Allows you to customize line colors of target lines and modify the display settings to suit your preferences. The Visual Settings shown are default settings which usually do not need to be changed unless specified in release notes or instructional video, live stream or on Discord etc. Auto scale is recommended to be unchecked.

<mark style="color:yellow;">Auto Scale:</mark> Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.

<mark style="color:yellow;">Displacement:</mark> Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.

<mark style="color:yellow;">Display in Data Box:</mark> Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.

<mark style="color:yellow;">Panel:</mark> Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.

<mark style="color:yellow;">Price Markers:</mark> Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.

<mark style="color:yellow;">Scale Justification:</mark> Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.

<mark style="color:yellow;">Visible:</mark> Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.

{% hint style="warning" %}
All settings displayed in the settings image are the current default configurations provided by NinjaTrader and/or the AlgoBox™ Pro software, and may change at any time in future software updates without notice.
{% endhint %}

***

## Video Tutorials: 2 Finger Salute

{% embed url="<https://youtu.be/fSJrkx6ldXs?si=jJIl603wjUZdtkXf>" %}
WATCH: A Quick Video On The 2 Finger Salute&#x20;
{% endembed %}

{% embed url="<https://youtu.be/HVKoFmqxI8M?si=BbMgmCMnDNiitMRZ>" %}
WATCH: Vinny E. Mini teaches the 2 Finger Salute strategy and much, much more in this Part 1 video tutorial.
{% endembed %}

{% embed url="<https://youtu.be/IF9201izd-s?si=ObWexx92pM9N9R-A>" %}
WATCH: Part 2 of Vinny E. Mini teaching the 2 Finger Salute strategy and much, much more.
{% endembed %}

***

Only available on AlgoBox™ for NinjaTrader 8. [Try AlgoBox™ for free today.](https://www.algoboxpro.com/start-trial)

[**Disclaimer**](https://docs.algoboxpro.com/links/disclaimer)


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