📊 TIS_ATR_Trend Indicator – Setup Guide (Nasdaq 5M Example)
🔎 What is it? The TIS_ATR_Trend (by The Indicator Store for NinjaTrader 8) is a trend-following indicator designed to: Detect trend changes while resisting market noise/volatility . Adapt to different instruments and chart types (e.g., Renko, time-based). Provide plots for automation , making it useful for discretionary traders and algorithmic strategies alike. 🎯 What is it for? Identify trend reversals more reliably. Avoid false signals caused by volatility. Customize sensitivity via ATR, N-Bars, and thresholds. Use as a filter in strategies (only take trades aligned with the main trend). ⚙️ Key Parameters ATR Multiplier → Adjusts sensitivity to price. Small (0.5) = more signals, but noisier. Large (1.5–2.0) = fewer signals, more robust. Mode (Calculation method): Mode 1 : Requires the entire candle to cross trend line (safer). Mode 2 : Only requires the close to cross (faster, more signals). N-Bars (Consecutive Ca...