The Indicator Store

The Small Range Indicator for Ninjatrader has been finally Automated ! If you like the Small Range Setup , one of the most easy to configure and follow , with the best results , then you will love this automated version : The PM_Small_Range_Trader strategy will trade the Small Range Setup Signals ( as explained on previous post of this blog ) with the following enhancements : We can specify 3 different Time Windows where to place orders, and also define if positions must be held outside those windows When we have a signal, the system will place a stop entry order and keep adjusting its value until we get a fill or the signal is gone. When the signal is gone without a fill, We can also define the number of bars to keep the order alive. Sometimes, on manual trading I leave the order by just one bar until I cancel it. Now we can backtest and get the optimal results; on Gold and Crude Oil I found that using 1 bar ( instead of zero ) is the best option. On the followi...

The Internal Fibs Ratios provide very important information that we can use to define New Trade Setups Today we are going to cover the definitions of Internal Fibs and explain two very easy to follow setups : Definition : Given a Time Interval ( it may be a number of bars into the past, or today's price action ), we take the High, the Low, and then we calculate a percentage inside that range. If for example we are using the 78.6 % fib ratio, we have 2 levels : The 78.6% of the High The 78.6% of the Low ( or 100-78.6 = 21.4% of the High) The most useful values to follow are the 50% ( the middle of the range ) and the 78.8% One setup we can try is the 50-Vwap Trade ; It consists on looking at the confluence of the Vwap ( Volume Weighted Price Average ) and the 50% retracement of today's Range. This is a very easy to follow setup, we just need a fib tool and a Vwap. If we want to have a dedicated indicator to keep adjusted the high and low of the ...

Using the Multitrail Indicator for Ninjatrader logic to define a New Trade Setup ; we present the TIS_ATR_BarColor Some time ago we discussed how to use the TIS_Multitrail Indicator and today We are going to describe how to use it to define a New Trade Setup. As we know, the Multitrail uses ATR and HMA ( Hull Moving Average ) to have the best price following effect and proportional to the current Volatility. This give us the best tool for trailing stops.... ...but how can we use it to define a Trade Setup ? For that purpose we just need 2 events : Multitrail level has been broken ( if we were trailing a runner we are flat now ) If going to reverse, we require a pivot to be formed first Look at the following example : Bars are Red and Multitrail is on Downside Mode until price breaks above it, taking out the trailing stop ( if we were short ) and generating a possible Entry on this New Setup : To trade a continuation we only need to break the multitra...

These are the Last Trades of the Impulse Setup, as we explained the last week British Pound Futures ( 6B ) and Forex ( GBPUSD) The chart has overlapped the entry markers of the Indicator TIS_Impulse_Indicator and the entries executed by the PM_Impulse Strategy . As we see there is only 1 entry missed due the time filter used on the strategy. Euro Futures ( 6E ) and Forex ( EURUSD) This chart shows the same setup executed on Euro Futures ( or EUR-USD Currency Pair on Forex ). We are missing one trade again, because the start time adjustment of the strategy. As we already explained, the Impulse Setup Logic is SIMPLE ; When a Fast Band is above a Small Band , We are in Long mode. When a  Fast Band  is below a  Small Band , We are in  Short mode . ..on old versions ( PM_Impulse_v2 ), Fast Band was just a moving average . This behavior can be emulated on this last version using a null width. Once We are in Long/Sh...