Popular Ninja Trader Indicators

The advance of technology has transformed the financial world over the last 15 years. The open outcry system that dominated Wall Street trading for nearly a century has been largely replaced by electronic trading capabilities. Instead of screaming, spitting, and yelling in the trading pits of New York, Chicago, London, and Tokyo, traders and brokers are now able to open and manage large positions via electronic trading platforms.

This rise of electronic trading platforms has created a huge market demand for online trading platforms. Traders want platforms that offer a complete user experience including the ability to execute and manage trades at an incredible rate of speed, use charts to conduct technical analysis, and many other features common to the trading experience. Over the last several years, several major charting platforms have hit the market in the trading industry, and one that has garnered rave reviews from users is the Ninja Trader platform.

Ninja Trader has been widely accepted as a cutting edge, innovative trading platform by thousands of traders around the world. The Ninja Trader platform can be used by a trader at hundreds of different brokers for advanced charting analysis and market analytics.

One major advantage of the Ninja Trader platform is the ability for traders to develop custom indicators. The programming language on Ninja Trader makes it possible for traders to automate their trading ideas in the form of full expert advisor trading systems or as simple or complex indicators.

In the rest of this article, we are going to discuss a few of the most popular Ninja Trading indicators.

Starc Bands

Average True Range has been a long-standing favorite among traders. Volatility fluctuation is a powerful indicator of possible breakouts and reversals in financial markets, and average true range offers traders the ability to gauge increase and decrease in volatility levels on a particular financial asset or security. Starc Bands form around an SMA line, and the width of the line is calculated as the ATR for the period desired. This indicator helps give traders insight into potential breakouts when price is dealing inside of an established range.

ADX BollingerBandwidth CCI Indicator

CCI is another standard technical indicator that is widely respected among traders for its ability to gauge momentum. This indicator for Ninja Trader is modified version of CCI in that it takes inputs from both ADX and Bollingerbandwidth. When price is moving in a large, trending move, the ADX and Bollingerbandwidth tend to influence the indicator strongly.

Bollinger Bandwidth Indicator

This indicator does not come standard in Ninja Trader, although it is similar to the Standard Deviation indicator that is pre-built into Ninja Trader. Bollinger Bands are a common, but classic technical indicator that allows a trader to gauge price movement and predict possible reversals when a price begins to move outside its normal range, or beyond its standard deviation. The Bollinger Bandwidth indicator has a few custom parameters that allow a trader to reduce or amplify the shape of the indicator.

The Ninja Trader Platform has been widely accepted by traders around the world because of its advanced order management system, advanced charting features, and market analytics.

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