The Indicator Store

New Setup : PM_EMA_Bouncer Strategy for Ninjatrader Hello everyone, we have a new setup to share with you. It is very easy to follow and can be considered as an "alternate version" of the PM_EMA . The PM_EMA is a trending setup. On this blog you will find several posts about it. We follow an EMA ( Exponential Moving Average ) and when price is far enough from it we are in Trade Ready condition. To measure the distance between price and EMA we use an envelope. The entry is a bounce at the EMA : The indicator painting the bars on these pictures is the TIS_EMA_Trader_Indicator, so it paints bars according to the trend, while PM_EMA_Bouncers trade against it. So;  Blue Bars = Sell Stop at EMA+Offset Red Bars = Buy Stop at EMA-Offset The PM_EMA_Bouncer Setup uses the exact same logic to trigger the trade ready condition but early and in opposite direction , so by definition it is a Counter Trend System We can use an early entry that allows to t...

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...