NinjaTrader True Range and Average True Range Indicator

Tuesday 29 July 2008 @ 5:43 pm


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

Screen Shots

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!




Alligator Indicator

Wednesday 2 July 2008 @ 6:04 pm


Summary

It looks exactly like its title, so when it looks like an alligator, acts like and alligator, and trades like an alligator, then it must be an Alligator Indicator.

Screen Shots

Usage

This indicator is brought to us by Bill Williams, entitled the Alligator from New Trading Dimensions.

Downloads

Alligator Indicator

Happy Trading!




ADX Differential Indicator

Wednesday 2 July 2008 @ 4:17 pm


Summary

ADX Differential Indicator uses the ADX indicator to find periods where there is not a direction and it looks for breakouts from the previous range.

The ADX indicator gives a window into the strength of the current trend. The strength determines if there an actual trend and it gives some indication as to how long that trend may last. The ADX does not give any indication if the trend is up or down. The most important piece of information given by the ADX is the direction in which the indicator is moving, the value of the ADX is unimportant.

Screen Shots

Usage

This indicator will take the important information that the ADX provides from the current bar to the last bar and give a sense of trending. When the value is increasing it means a stronger trend.

To define directionless markets the ADX Differential Strategy is used with an intra-day lower time compressions, meaning fifteen minute bars or smaller. Daily charts will work; however, with larger intra-day time frames the gap from open to close will cause unexpected results.

To smooth the line a four bar average of the differential is used.

Downloads

ADX Differential (ELD and Workspace)

Happy Trading!




ADX and Adaptive Moving Average Combination Indicator

Wednesday 2 July 2008 @ 3:21 pm


Summary

The ADX - AMA is similar to the ADX-MA design by Daniel Chesler, but this is an original addition by TazaTek to instead of using the MA, we use Perry Kaufmans Adaptive Moving Average to provide a more robust indicator.

Screen Shots

Usage

Downloads

ADX Adaptive MA Combo

Happy Trading!




ADX and Moving Average Combination Indicator

Wednesday 2 July 2008 @ 2:49 pm


Summary

The ADX - MA indicator was originally designed by Daniel Chesler. This indicator is designed to be used in combination with other indicators, as is typical of most indicators

Screen Shots

Usage

The ADX/Moving Average Combination Indicator is a simple indicator based on the average directional movement indicator (ADX) and a moving average calculation. This indicator will give both a visual and an audio alert when there is a decrease in the ADX below a specified level, which is defaulted to 15.

Downloads

ADX MA Combo

Happy Trading!




Adaptive Stochastic Oscillator Indicator

Wednesday 2 July 2008 @ 1:12 pm


Summary

An indicator that implements Tushar Chande's Adaptive Stochastic Oscillator.

Screen Shots

Usage

Use this indicator much like you would with a traditional stochastic indicator. There is an input variable to change the length of the calculation, to alter your style with regards to long-term and short term. I recommend reading Tushars Books "The New Technical Trader" for more detailed information.

Downloads

Adaptive Stochastic Oscillator.zip (ELD and Workspace)

Happy Trading!