The Indicator Store

Entry Signals There are different ways to Trade a Market, no matter what Instrument or Time Frame, we must analyze which works best ; I would classify the possible Setups in 2 Ways ; Trade Breakouts We must define a rule to specify an area ( over and below the market ) that once broken will trigger an entry signal ; a long when the area is broken to the upside, and a short when broken to the downside. Trade Pullbacks We must define a rule to calculate the Trend. When it exceeds a threshold, then we are trade ready to enter on a retracement Some instruments can be traded better on one mode than the other. The combination of instrument and timeframe is also important, because the same instrument can perform better with breakouts on one time frame while working better with pullbacks on other. Examples : This is a 5 Minutes EURUSD Forex Chart If we use the last 8 Bars Pivot ( we can use the Swing(8) Indicator) then we can define our breakout area by the last detected u...

High Time Frame Filtering Filtering our signals taking into account the trend defined on a Higher Time Frame is one of the most important factors to take into account. We can see on these Charts some Examples : This is a High Time Frame Crude Oil Chart, very slow for Day Trading, where each bar has a Size of 18 Ticks, too big for the precision of an average day trading trade, where we use targets and stop near or lower those 18 Ticks. But if we go back to our Trading Chart, much faster than this one, where we can have several Up and Down signals during one single bar of this slow Chart, which of these trades will have more Odds to Succeed ? It is evident that we can get much better targets and less losers if we filter these signals using the higher timeframe trend. Now, How we define the Trend ? 1) OpenClose The example shown here ( 1st Chart ) is the easiest way ; while bars are closing up (green), the Trend is Up. When bars are closing down (red), the Trend is Dow...

Beginner's Guide to Define a Trade Setup Hello Everyone ! On this Article I will explain the basics on defining and executing a Trade Setup. It doesn't matters if we are analyzing Forex, Futures, Stocks or any other instrument, the rules are the same and they work anywhere. An important step we must follow to document what are we doing is to write the rules in a way that anyone can understand and trade in the same way. As a suggestion, try to avoid long and complex conditions and try to differentiate the setup into these 3 different items : Entry Trigger A group of conditions that when all in agreement trigger an Entry Signal Filter Conditions A group of conditions that must agree to accept an Entry Signal Usually we can put all these conditions together with #1 Exit Trigger A group of conditions that when all in agreement trigger an Exit Signal. Any remaining position is closed when this happens. Examples of #1) Entry Trigger Fast Line crosses above S...

Markers Plus 4 for Ninjatrader Creating our own Trade Setup Versión en Castellano Hello Traders As we know, a trade setup consists on set of rules that define when to Enter the Market and in which Side, Long or Short.  It can be just that, or can include also a rule set to define when to close a position. As we saw on previous posts, Markers Plus 4 include tools to create Signals. Those Signals can be used to either enter the Market or Exit the Market. Lets review the most important included tools : Universal Slope Tool Universal Crossover Tool Universal  Crossover  Tool With this Tool we can identify the Cross between any pair of lines. Those lines can be drawn by any indicator installed on the platform. Example : These pair of Red and Blue Lines are an example of 2 things ; We can define the trend by the relative position When Red Line is above Blue Line, the trend is Up So, we only take Longs We can also paint a signal on the crosses...