Summary

These are Welles Wilders True Range and Average True Range indicators, and are used as functions in many, many indicators out there. In fact, I needed the True Range indicator separate from the Average True Range indicator and so I created them separately. One thing to notice is that TazaTeks version of the ATR is a little bit smoother than the NinjaTrader version of the ATR

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Usage

The Average True Range indicator can be used all on its own as a volatility indicator. Periods of low volatility, defined by low values of the ATR, are often times followed by very large price moves. As with most volatility indicators, the ATR won't tell you which direction the movement will be, only that there will be one. Average True Range and Bollinger Bands are often described together, because they both describe impending price moves. The ATR should always be used with a directional indicator, such as Williams %R or RSI, in conjunction with the Average True Range indicators.

Downloads

Download NinjaTrader True Range and Average True Range Indicators

Happy Trading!

Summary

The MOMA indicator was first introduced in a Feb 2005 article in TASC entitled "Visiting MOMA", and was based on a Simple Moving Average (SMA) that has a weighted lookback period.

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Usage

The MOMA Indicator is a trading indicator that is used very similarly to a Simple Moving Average (SMA), and can be used as a crosses above or crosses below strategy, depending on whether you are trading as a bull or a bear, or a combination of the two.

Downloads

Download NinjaTrader MOMA Indicator

Happy Trading!

Summary

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Usage

Here's a variation of the Heikin Ashi Indicator technique that looks more like a time line than a powerful indicator... but don't let looks fool you! This variation of the indicator is very, very powerful! It allows for the use of the Heikin Ashi techniques, without having to replace your candlesticks. Just look for the color changes in the indicator, and you know that you've changed trends. The original author (who's name is unknown) claims that this version of the Heikin Ashi Indicator works best on longer time frames, such as weekly and monthly, but I've used it in minute charts, and have had great success as well, though more choppy, as you can see in the images.

Downloads

Downdload Heikin Ashi Variation for TradeStation (ELD and Workspace)

Happy Trading!

Summary

Based on James Altucher's book Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading), this useful indicator is great for pairs traders that would like to trade only one side of a pair. I really recommend that you buy James Altuchers book, or at least check it out from the library. His book describes Unilateral Pairs Trading in depth, as well as several other trading techniques for high profits, and just general trading thoughts that are highly refreshing. The download includes 2 indicators and a bonus showme for buy/sell conditions At this time, the indicator is just for TradeStation, but as you all know, I'll get it into NinjaTrader soon!! NinjaTrader was missing a key function I needed, that I'm having to create by hand.

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Usage

James Altuchers book Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading) was my inspiration for the Unilateral Pairs Trading technique that he outlines in chapter 2. I've code up a simple TradeStation ShowMe to indicate buy conditions. You can turn on sell conditions too, but I've got some improvements to do on that half, so don't say I didn't warn you ;) The idea is that when two pairs are trading that are highly correlated ( I use pairs with a correlation value > .85, but that's just me) they will shift out of sequence with each other for short bits of time, and statistically they will "re-converge"

And how do I find 2 stocks that are highly correlated like that? Well, I wrote a program to analyze all the stocks, and compile them into a list, and tell me which ones are highly correlated :) You know, the easy, lazy programmers way!! I used to have it online, but there wasn't enough interest to keep it going. If I was to get a sudden surge in interest, I'd consider putting it back online again.... I might even make it free!! Just let me know if you prefer online, or a desktop app you run at home.

So now that you have a highly correlated pair, how to you apply it to the Unilateral Pairs Trading technique that James Altucher outlines? Well, basically for a long buy, and the ShowMe takes the work out of it, if the standard deviation of some calculated ratios is less then -1.5 (modifiable to suit your trading style) AND the percent change in price is greater than 2%, then you have a buy signal. On the other hand, if you have 1.5 standard deviations and greater than -2% change, then you have a short sell trading opportunity. There is more to it than that, and James Altuchers book is really great to read for insight into how this, and many other, trading techniques work for hedge fund managers

Downloads

Download Unilateral Pairs Trading Indicator (ELD and Workspace)

Happy Trading!

Summary

OK, this one is specifically for TradeStation users, and includes both the ELD file and a usable Workspace. This indicator is another Hilbert Sine Wave Indicator, but with a slightly better smoothing factor.

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Usage

I recommend that you use this Hilbert Sine Wave Indicator just like you did the other Hilbert Sine Wave Indicator that I posted a few days ago. This smoothed out version of the Hilbert Sine Wave Indicator creates less whipsaws than the other version I posted, and 1000X's less whipsaws than John Ehler's original Hilbert Sine Wave Indicator. As with all of John Ehlers cycle - trending indicators, it is imperative that you use them in conjunction with other indicators, such as RSI and Williams %R to properly identify profitable trends.

Downloads

Download Another Hilbert Sine Wave Indicator.Zip

Happy Trading!

Summary

All right NinjaTraders, here you go! This is another Hilbert Sine Wave Indicator that was translated from TradeStation. I suspect that there are several more Hilbert Sine Wave Indicators out there, but unless there are overwhelming requests for extra variations, I'm going to continue treading forward... Next stop - is a secret, but if you ever visited my old site pairs-list.com you might know what's up my sleeve!! In the mean time, just download the latest version of the Hilbert Sine Wave Indicator and relax.

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Usage

This is another Hilbert Sine Wave Indicator and is very similar to the other Hilbert Sine Wave Indicator that I converted just a few days ago, but I like this one a bit better, as it provides a smoother curve overall. But as with all of John Ehler's cycling indicators, make sure that you are using other indicators, like RSI and Williams %R to confirm your signals.

Downloads

Download Another Hilbert Sine Wave Indicator.Zip

Happy Trading!

Summary

This is the Heikin Ashi Indicator for TradeStation (ELD and Workspace included). If you aren't familiar with the Heikin Ashi Indicator, then take a look at the comparison screen shots that I have below. The upper chart has the Heikin Ashi Indicator applied to it, while the lower chart is a standard candlestick chart. For more information on the Heikin Ashi Indicator check out either this Investopedia Article or this Investopedia Definition

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Usage

The Heikin Ashi Indicator is used by technical traders to identify a given trend more easily. The Heikin Ashi technique should be used in combination with standard candlestick charts, as well as other indicators, to provide the technical trader the information needed to make a profitable trade.

Downloads

TradeStation Heikin Ashi Indicator (ELD and WorkSpace)

Happy Trading!

Summary

OK Guys... I didn't want my TradeStation buddies to get too jealous.... I'm sure that most of you have seen that I posted code for the Hilbert Sine Wave Indicator for NinjaTrader last night, and I really didn't want anyone to feel left out, so here it is.

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Usage

The Hilbert Sine Wave Indicator is based on John Ehlers Hilbert Sine Wave Indicator from his book Rocket Science for Traders. This isn't the original code given in the book, but a variation that is better smoothed. I highly recommend that you read the chapter on the Hilbert Sine Wave Indicator from his book for the best explanation.

Downloads

TradeStation Hilbert Sine Wave Indicator (ELD and Workspace)

Happy Trading!

Summary

All right all you Happy NinjaTraders, here you go, just 12 hours after my first release of the Hilbert Sine Wave Indicator and I have another version out. This is the original Hilbert Sine Wave Indicator, as translated from John Ehlers book Rocket Science for Traders: Digital Signal Processing Applications. In this version of the Hilbert Sine Wave Indicator, you'll notice that it is a lot choppier than my first version that I posted, but notice on page 104 of John Ehlers book, that his example was also choppy. I think that is why there are so many versions out there of the Hilbert Sine Wave Indicator, to try and smooth some of the choppiness and get more defined buy/sell signals. Commercially, I believe that there are many proprietary blends available for other trading platforms, but none for NinjaTrader that I am aware. For prosperity sake, this version of the Hilbert Sine Wave Indicator is priceless!

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Usage

Rocket Science for Traders has an entire chapter on how the Hilbert Sine Wave Indicator works and should be used, so I won't even try to explain things the way that John Ehlers does, but I would recommend that you buy his book for an excellent and in-depth explanation of the Hilbert Sine Wave Indicator. This indicator is both a trending and a cycle measurement indicator, and as with any other indicator, should be used in conjunction with other indicators.

Downloads

Original Hilbert Sinewave Indicator.Zip

Happy Trading!

Summary

OK Guys... Ask and you shall receive!

I had an overwhelming series of requests for the Hilbert Sine Wave Indicator .... so here it is, and to my knowledge, it is the only Hilbert Sine Wave Indicator available for NinjaTrader.... So you saw it here first :)

.... but before you head down to the bottom of the page and download the Hilbert Sine Wave Indicator, I'd like to take just a moment of your time, if you don't mind... if you do, just skip down and download the Hilbert Sine Wave Indicator.

Now... for the rest of you, I'd like to thank you for informing me of the power of NinjaTrader. No seriously. I had heard of it in passing, but never had used it. Shame on me! I really like it. And converting TradeStation's EasyLanguage to NinjaTrader is a breeze!

So this is why I wanted you to stick around.... I want to help the NinjaTrader community grow.... and I mean grow BIG! Like with a capital BIG! The only thing that I've heard of that is slowing down the growth of NinjaTrader, is the lack of indicators available .... This is where you come in! OK, are you ready?

Make a Request!

That's right, all I need of you is to request your favorite indicator. If there is TradeStation code for it, I can have it up online in a few days.... if there's a book or webpage that describes it.... well it could take longer... the more information that you give me, the better, and the faster that I can get it up online for the entire NinjaTrader community to enjoy! So go ahead and browse through the screenshots and see what you think. I was so excited to get this indicator up that I didn't write an instruction file to go with it, so if you need any help with it, let me know!

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Usage

OK guys, I was so excited to get the Hilbert Sine Wave Indicator out the door, that there isn't even a help file included with it. Don't worry, I'll get one for it this weekend. In the mean time, just download the Hilbert Sine Wave Indicator below, and use the NinjaTrader import facility to import the indicator. Then include the indicator the same way that you would any other indicator. The name of the indicator is TazaHilbertSineWaveInd (no use of hyphens or underscores, so I did the best I could). Any how, if you're not familiar with this indicator, the Hilbert Sine Wave Indicator was invented by John Ehlers. The book that I'm familar with him writing on the subject is Rocket Science for Traders: Digital Signal Processing Applications which also includes a lot of EasyLanguage examples that I can translate to NinjaTrader, if you make your requests! (Hint, Hint!!).

Downloads

Taza_Hilbert_Sine_Wave_Indicator.zip (NinjaTrader)

Happy Trading!