Ignition Bar
Strategy & Indicator
Last updated
Strategy & Indicator
Last updated
The Ignition Bar is a range bar that is a "solid" bar from top to bottom with minimal "wick." It is intended to be used with the 89 range Tide chart.
The Ignition Bar is an invaluable filtering tool in the Order of Operations process.
The Ignition Bar is the 3rd bar from the start of a price swing in the same direction on the Tide chart.
Since each bar on the Tide chart is 89 ticks, the intention of the Ignition Bar is to estimate a high probability scenario of price continuing in the same direction of the swing during the next (4th) bar.
Ideally, the Ignition Bar direction and swing matches the Favorable Direction.
During the 4th bar is where we drill down to the faster charts in the Order of Operations analysis.
The AlgoBox™ Ignition Bar indicator instantly alerts you—visually and/or audibly—the moment it appears. No more counting bars on the 89 range bar chart or second-guessing if it's an Ignition Bar. Now you can stay focused on the Ripple entry charts.
AlgoVoice: You can enable or disable real-time audio voice alerts On (checked) or Off (unchecked).
Voice Rate: You can customize the speed of the AlgoVoice alerts to your preference.
Ignition Long Sound: You can customize with your own sound for the Ignition Bar Long alert.
Ignition Short Sound: You can customize with your own sound for the Ignition Bar Short alert.
Enable Email Alert: You can enable or disable real-time email alerts On (checked) or Off (unchecked).
Email: Enter your preferred email address to receive the alerts.
Long Bar Color: You can customize the color of the Ignition Bar Long to your preference.
Short Bar Color: You can customize the color of the Ignition Bar Long to your preference.
Displays the current chart instrument, contract date and configurations applied.
Input Series: This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.
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.
On Price Change: Updates the indicator only when there is a change in the instrument's price.
On Bar Close: 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.
On Each Tick: 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.
Allows you to customize button colors, adjust the button placement, and modify the font type and size 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.
Auto Scale: Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.
Displacement: 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.
Display in Data Box: 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.
Panel: 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.
Price Markers: 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.
Scale Justification: Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.
Visible: Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.
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.
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