The ADXVMA Indicator and Adaptive Moving Averages

The ADXVMA indicator is an adaptive moving average and automatically responds to price volatility. Specifically, it follows price closely during trending markets whereas it is less sensitive during sideways action. To learn more about the ADXVMA indicator and adaptive moving averages, watch the video or continue reading below: Moving Averages vs. Adaptive Moving Averages Originally,…

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SuperTrend: A Versatile Stop Loss

SuperTrend M11

The SuperTrend indicator is an enhancement of the Maximum Adverse Excursion (MAE) concept, as introduced by John Sweeney in the mid-nineties. It is most commonly applied as a trailing stop indicator, adjusting to both prices and volatility. When volatility is high, the trailing stop is further away from prices. Conversely, when volatility is low, the…

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The Quantitative Qualitative Estimation Indicator

The Quantitative Qualitative Estimation ( QQE ) indicator is an offspring from Wilder’s famous Relative Strength Index ( RSI ). The base plot is an RSI smoothed over 5 periods supplemented by a signal line. The signal line is composed of a moving Average True Range (ATR). By smoothing the QQE and signal lines, the…

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The Arnaud Legoux Moving Average: Information Value vs. Information Confidence

In this Spotlight we’re looking at the Arnaud Legoux Moving Average (ALMA) which was developed as an alternative to conventional moving averages. Specifically, Legoux sought to create a smooth moving average without compromising responsiveness. To learn more, check out the video or continue reading below. The ALMA indicator is a linear filter whose coefficients are…

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Bearish Belthold

Bearish Belthold for NT8

A Bearish Belthold is very similar to the Black Marubozu pattern, opening at the candle high, falling to close near its low. This is what leaves the small lower shadow at the bottom of the candle. To learn more, check out the video below: What is a Bearish Belthold The Bearish Belthold pattern will plot…

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Bullish Belthold

Bullish Belthold for NT8

A Bullish Belthold is very similar to the white marubozu pattern, opening at the candle low, rallying to close near its high. This is what leaves the small lower shadow towards the top of the candle. To learn more, check out the video below: What is a Bullish Belthold The Bullish Belthold pattern will plot…

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Evening Doji Star

Evening Doji Star for NinjaTrader 8

The Evening Doji Star is a 3 bar pattern that forms following a up-trend, indicating a possible bearish reversal. It may therefore indicate a possible shift in market sentiment. To learn more, check out the video below: What is the Evening Doji Star Pattern The first bar in the Evening Doji Star pattern is a…

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Evening Star

Evening Star for NT8

The Evening Star is a 3 bar pattern that forms following an up-trend, indicating a possible bearish reversal. It may therefore indicate a possible shift in market sentiment. To learn more, check out the video below: What is the Evening Star Pattern The first bar in the Evening Star pattern is a large body up-close…

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Bearish Engulfing

Bearish Engulfing for NT8

The bearish engulfing pattern is a two bar reversal pattern where the first bar is an up-close or a doji bar. The second bar is a large body down-close, closing below the body low of the prior candle. The candle wicks are not considered for this pattern. What is a Bearish Engulfing Pattern As the name implies,…

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Bullish Engulfing

Bullish Engulfing for NT8

The Bullish Engulfing pattern is a two bar reversal pattern where the first bar is an down-close or a doji bar. The second bar is a large body up-close, closing above the body high of the prior candle. The candle wicks are not considered for this pattern. What is a Bullish Engulfing Pattern As the name implies,…

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