User Submitted App Features: NinjaTrader 8 Compatible

MomentumDivergence

This indicator creates colored lines along the momentum line at higher highs and lower lows.
this indicator serves as a quick glance for identifying higher highs and lower lows in price along the line, but the reason for this indicator is to identify when momentum acts inverse to price.

when price makes a higher high but momentum is showing lower than the previous high, it signals a divergence and this could be an indication of price starting to reverse. same applies if lower low price shows higher momentum than previous low price.

Try it out and see if you like it. if you make it better or have questions or issues reach out.
Use it and abuse it!

-Casey

RR Profit Targets Strategy Builder Example

This is meant as an Example for Strategy Builder. Shows how to build custom RR Profit Targets on Builder.

With these RR Targets, we take the distance between your Initial Entry and your Stop, we then multiply that number by our desired RR ratio and set our profit target.

Example:

  • 1RR = 1:1
  • 2RR = 2:1
  • 3RR = 3:1..so on

This is mainly helpful to those trading with a custom stop size that changes on every trade and you want to keep your targets the same distance in relation to your Stop.

Utilizes a Custom Series in order to perform the calculations required.

Full video example on how to build this:

https://youtu.be/n1-3nggEW2E