sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

The Acceleration Bands stand out by aiming to capture the momentum as a financial instrument begins to trend, providing an entry signal during the acceleration phase. The effectiveness of these bands is influenced by the chosen indicator period, which should be tailored to the specific time frame and the trader's familiarity with the instrument. While direct price action remains irreplaceable, the Acceleration Bands offer valuable insights into market dynamics.

For trend-following strategies, it's suggested to initiate or close trades when the price crosses these bands, signaling potential shifts in market direction.

Although the core formula for calculating the bands remains consistent, the inability for users to modify the averaging method is a notable limitation. The default averaging approach significantly impacts the indicator's behavior; for instance, switching to a volume-weighted or price-weighted method could transform the Acceleration Bands to more closely mirror volatility bands, which rely on standard deviation. This adaptability may appeal to traders who prefer an alternative to traditional volatility indicators.

Acceleration Bands Features:

• User choice internal averaging method.
• Custom indicator period / length.
• Custom color and style. Middle curve can be toggled on/off.

Review the screenshots and video for setup options.

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