Improving Fast Stochastic Setups
The Fast Stochastic is a momentum indicator developed by George Lane. On momentum, Lane is quoted as saying: “If you visualize a rocket going up in the air – before it can turn down, it must slow down. Momentum always changes direction before price.“ Therefore, the concept is to spot situations where a momentum fall-off may…
Trigger Lines: Cross vs. Thrust
In this Indicator Spotlight, we’re looking at the Trigger Lines indicator which can be used as a trend filter. The Fast Trigger is a LinReg Indicator, similar to the standard NinjaTrader version. The signal line is calculated by applying an EMA to the linear regression indicator. Therefore, an identical plot can be achieved by simply…
Chande Kroll Stop vs Chandelier Exit
The Chande Kroll Stop was presented by Tushar Chande and Stanely Kroll in “The New Technical Trader”. It is a volatility based trailing stop and as most indicators in this category, it will help manage your profits by keeping positions open as long as they move in your favor. In this post we’ll compare the…
Awesome Oscillator Strategy with Z-Score values
In this Indicator Spotlight, we’re looking at the Z-score and how you can use it to normalize oscillator values. Specifically, we’ll show the Z-score can be used to condition entry and exit conditions for an Awesome Oscillator strategy. To learn more about the general idea behind the Z-score and how to apply it to the…
The Wilder Volatility Stop
When used with time based bars, the Volatility Stop indicator adjusts to the current market environment. Specifically, it allows for stop widening when volatility increases and tightening when it decreases.
The Linear Regression Channel
The LizardIndicators Linear Regression Channel indicator comes with significant improvements vs. the standard version that comes with NinjaTrader 8.
The TDI Indicator – using the RSI in three timeframes
In this Indicator Spotlight, we’re looking at the Traders Dynamic Index (TDI), an indicator that combines the RSI in three (3) timeframes…
Using the Heikin Ashi Indicator for Determining Market Trends
The Heikin-Ashi indicator (sometimes spelled Heiken Ashi) is used for determining market trends, identifying short/long biases.
The Weekly VWAP Calculation
In this Indicator Spotlight, we’re looking at “The Current Week VWAP”. Many are already familiar with the current day VWAP, available from our indicator library and / or the Order Flow VWAP that comes with NinjaTrader 8. The Weekly VWAP, is a nice supplement to this analysis as it allows you to review trend and overbought/-sold information in a higher timeframe.
Donchian Channel Strategy – The Turtle System
In this spotlight we’re looking at a Donchian Channel strategy, originally developed by the Turtle Traders. This is a trend-following approach…