Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

How to Build Custom Nested Indicators in NinjaTrader 7

37 sec read

Hull of RSI

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Here is a simple demonstration to create Custom Nested Indicators using Ninjatrader 7. We had taken a simple example to plot Hull of RSI. At marketcalls we use Hull of RSI as sentimental indicator. The logic behind the multimeframe sentimental dashboard is nothing but the smoothed hull moving average of RSI. This bring more responsiveness and good in identifying shorter term trend cycles. Suits mostly for a discrete mean reversion traders.

httpv://www.youtube.com/watch?v=KHwstBwz5IY

Requirements

This indicator requires NinjaTrader version 7

Installation Procedure

1)Save the zip-file Download HMAColorChange indicator for Ninjarader 7 (no need to unzip) to the location of your choice

2)Go to menu Control Center -> File -> Utilities -> Import NinjaScript…
Import Ninjascript

3)Select the saved zip-file in the opened dialog

4)If everything is OK you will see a confirmation (otherwise an error will be displayed)

Import Ninja Success Message

5)Now to go your charts ->Right click over the chart and Select Indicators -> Select HMAColorChnage and follow the procedure as per the above video to get the nested custom indicator [ HMA(RSI(7),14) ]

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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