The Indicator Store

Using the Slope of an Indicator to define the Trend One of the most used techniques to define the Trend of a Market is looking at the Slope of an Indicator. Usually a Moving Average like HMA, EMA, SMA provide a good idea of the trend, having the first one ( HMA ) the fastest, and the last one ( SMA ) the slowest reaction. On this Chart we can see an example of 3 Indicators using the same Period : If we look at the Trend Changes, then the signals on each Indicator happens on the shown points : We can even look at combinations of Indicators to define the trend. For example, looking at a fast EMA to produce the quickest results may also produce too much signals, most of them not good, as we can see on this Chart : Here I apply an HMA(8) to get the fastest response : But to avoid so many signals, we can Average this line, using an EMA(8) of the HMA(8) and it looks like this : On all type of moving average types, using a small period offers more response, less del...

Hello Traders ! Today we are reviewing several Indicators that can be used to define a Crossover Trade Setup. There are some Indicators that produce only one line, like EMA, SMA, HMA, etc. Then we can use 2 Instances of same Indicator with different settings and check its Crossovers. Examples :  Crossovers of an EMA(14) vs EMA(7) Note : The places where the Blue Line crosses above the Cyan Line there is a Long Entry Signal. Where the Blue Line crosses below the Cyan Line there is a Short Entry Signal. On these type of Setups the Best Results can be obtained with faster Indicators like the HMA.  The HMA produces faster and less lagged results as we can see on this Chart Crossovers between an HMA(26) and an HMA(12) : Note : On this example the Crossovers are indicated with Arrows using the Custom Indicator TIS_HMA_XO The Entry Signals produced by the TIS_HMA_XO Indicator can be automated using the The Markers System . Some other Indicato...

Managing Multiple Positions on Ninjatrader allows to be Long and Short at Same time When we follow more than one Setup on an Instrument, it is possible that we may need to trade an Instrument which is already being traded. Usually we have different Setups on Different Charts for each Setup we Follow, but when we trade the same instrument multiple times on same account we get mixed orders making the analysis of each setup confuse. Let see on the following pictures how can we manage that situation on Ninjatrader using the Chart Trader : On this Chart we can see an example of a Long Trade of 1 contract with its corresponding ATM Stop and Target  Later, following a different Setup from other Chart we decide to Enter Short also 1 contract, so the net result would be flat. And we get the same mixed orders and positions on all Charts ( assuming we are trading both setups on same Account ) On this picture we can see that there is no position and targets above and ...

We have discussed several times in the past the EMA Setup for Ninjatrader, as we can see on the links at the end of this article. Today we are reviewing again the EMA , and its counterpart, the Bouncer . The EMA Setup is one of the easiest to learn and trade ; it only uses an EMA ( Exponential Moving Average ) and a Fixed Envelope . The EMA is included on all Platforms, including Ninjatrader . The Fixed envelope are 2 lines located at a fixed distance from the EMA, one above and the other below. Most of the Platforms include it. And on Ninjatrader we can get a free version here  TIS_EMA_Envelope_Free On the folowing examples the NEW custom indicator  TIS_EMA_V6  will be used On this example chart we can see an EMA Setup with Neutral Offset . The EMA is not shown, only the Envelope around it (gray light lines). When the price touches the Upper Envelope, the trend is Up and the bars are painted in blue. The Entry Price is at EMA + Offset. The Blue...