Both NinaTrader 8 and Amibroker are capable of advanced charting and analysis, as well as auto-trading, algo-trading support. It is very difficult to choose one over the other for every kind of analysis. It depends on your purpose of analysis, your style of analysis and functionalities that are very crucial for your analysis. In some […]
Investopedia says, “A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, “renga,” since the chart looks like a series of bricks. A new brick is created when the price moves a specified price amount, and each block is positioned at a 45-degree angle (up or down) to the prior brick. An up brick is typically colored white or green, while a down brick is typically colored black or red”.
Virtual trading provides an opportunity for traders to test their strategies and market analysis to see how trades might have played out. While live, real-time market data is often used for paper trading, it is conducted in a simulated account so there is zero monetary risk. In this article, we will see how to use the virtual trading functionality of Ninjatrader 8 with manual trading.
Market analyzer in Ninjatrader 8 brings real-time scanning & Alerting functionality provides an overall snapshot of current market conditions and trading opportunities. In this article, we are going to see how to create our own custom scanner with Market Analyzer of NT8 and add alerts on top of the scan results.
Everyone knows that a trader’s trading software interface is a critical component of a smoothly running trading operation. This is because the trading software(s) have come a long way than just plotting the charts and placing orders. The best ones out there are capable of much more than plotting charts, like running real-time scans, paper trading functionality, backtesting a trading system and even a limitless possibility of automation of the entire trading process. NinjaTrader 8 by NinjaTrader LLC does all the aforementioned tasks and a lot more.