The NinjaTrader Trend Line Bounce indicator was developed to be similar to the Super Trend indicator. The Super Trend indicator has a distinct function that it changes direction when price touches the line, or closes above/below the line. The Trend Line Bounce attempts to improve the Super Trend by identifying when those touches/breaks of the line are true breaks, or when the market is just testing those areas. That means you won’t see price change on the first touch of the Trend Line Bounce indicator.
The Inventory Retracement indicator is built on our Moving Average Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video: