J-Hook
Advanced Trade Strategy For Experienced Users Only
Last updated
Advanced Trade Strategy For Experienced Users Only
Last updated
The AlgoBox™ J-Hook is a powerful three-target strategy which can indicate a potentially large move in the market.
This strategy is automatically plotted on the chart by AlgoBox™ showing an optimal entry zone with a stop level and three target levels for your consideration in your trading analysis.
The two green lines represent a zone to look for a potential entry.
Here is another example of a J-Hook with FlowMaster™ Enigmas as confluence:
Here are two examples of a J-Hook with a FlowMaster™ Alpha Omega as confluence:
The audio alerts you once a J-Hook 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.
Sound Alert: Receive sound alerts when a J-Hook is detected on the chart, with the option to add your own custom sound.
AlgoVoice: You can enable or disable real-time audio alerts as per your preference.
Voice Rate: You can customize the speed of the AlgoVoice alerts to your preference.
All custom sounds must be in ( .wav file ) format only.
Allows you to control how frequently the FlowMaster™ Enigma indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.
Calc Override: Default setting is unchecked. Check this setting to customize and utilize Calc Interval.
Calc Interval: 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 FlowMaster™ Enigma to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.
Strength of Swing: Represents the size and distance of the J-Hook. A higher number indicates a larger swing size to be calculated before appearing on the chart.
Limit # Of Bars (Performance): Allows you to set the maximum number of bars calculated.
Show Text: You can toggle the display of the J-Hook text ON or OFF when it appears on the chart.
Show Fib Lines: You can toggle the display of the J-Hook fib lines ON or OFF when it appears on the chart.
Show Target Marks: You can toggle the display of the J-Hook target line marks ON or OFF when it appears on the chart.
Show Dots: You can toggle the display of the J-Hook dots ON or OFF when it appears on the chart.
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.
The J-Hook strategy becomes even more powerful when another AlgoBox™ signal of confluence appears near the J-Hook entry zone, such as a , , or matching its direction.
Only available on AlgoBox™ for NinjaTrader 8.
