5 trading indicators from NinjaTrader Ecosystem apps and services
September 13th, 2024
Futures trading is a fast-paced and complex endeavor, making it essential to use all available tools to stay competitive. One of the most effective strategies for success is incorporating technical analysis into your trading routine.
A key part of technical analysis involves studying trading indicators—mathematical tools plotted on price charts that can help traders identify potential market trends, entry and exit points, and overall momentum.
Here’s a breakdown of five trading indicators available from NinjaTrader Ecosystem Apps and Services that every futures trader should consider:
1. Universal Oscillator by AMNTrader
This indicator operates on the general principles of the RSI, CCI, and OsMA oscillators. It helps you identify potential upcoming reversals based on the values of the oscillator.
2. QW LoL Indicator by Quant-Wise
This free trading indicator is new-concept. Limit of Length (Lol) is what you’re looking for in situations where the market is moving sideways but there’s trending inside the curve. The challenge is to identify the length of the curve and estimate, with consistency, whether the price rebounds.
3. SuperTrend by Trading Indicators
This indicator will catch the trend and improve trading consistency with smart trend-following trading signals. SuperTrend highlights trend direction, continuation, and reversals while filtering out false signals. Buy and sell signals are printed onto the chart when trend direction changes.
4. PFA Hedger by Pure Financial Academy
This innovative add-on to the PFAZoneSuite supply and demand indicator provides the ability to submit hedging positions on any market. Simultaneously submit trades on one market and hedge orders on another, directly from the same chart.
5. MBidAskOscillator by MBoxWave
This indicator separates volume into trades executed at the best bid price and those executed at the best ask price. It gives traders insights into market action, with evidence of aggressive selling or buying presented clearly.
For full access to a growing library of popular indicators, plus Market Analyzer and SuperDOM add-ons and more, visit the NinjaTrader Ecosystem’s trading apps and services section.
How to Add 3rd Party App to NinjaTrader
To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:
- Download the app or add-on file to your desktop
- From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
- Select the downloaded file from your desktop
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