The Indicator Store

TIS_ATR_BarColor Indicator for NinjaTrader Update Since the release of the ATR_BarColor Indicator ( see previous post ), I’ve been experimenting changing some parts of the logic and adding different conditions to improve the performance of the signals when trading this indicator as an automated system. Lets make a review of how this indicator works ; As we have described before, we are using a well known trailing indicator, known as SuperTrail, SuperTrend, MultiTrail, etc as a complete trading system, with entries, exits and reversals. On the following example we can see the standard TIS_MultiTrail Indicator showing an up trend ( blue bars ) changing to a down trend ( red bars ) when the lower blue multitrail line is broken. The bear move finishes when the red upper multitrail line is broken. Used as Trailing stop, we exit the Long position on “A” and exit a Short Position on “B”. If we want to use this Indicator as Trade Setup, now we need an entry signal. The mo...