This tutorial explores the basic difference between range bars and renko bars. Both Range bars and Renko bars are timeless charts . Both range bars and renko bars use only price into consideration while plotting and keeps time and volume element outside.
When it comes to order flow, many newer traders tend to think of interpreting volume information and identifying where big volume happens. It is much more than that, and it really helps intraday and short-term traders to understand the nuance behind how markets facilitate order flow. Here is a short online webinar which gives a brief introduction to Orderflow, trading strategies using Orderflow and the other nuances involved in order flow.
If you are a Amibroker user and recently testing with Ninjatrader 7 or have plans to migrate your EOD or 1min database to Ninjatrader then probably you need to aware about Ninjatrader ASCII format for EOD and 1min data and import procedure to migrate your dataset.
Ninjatrader 8 is a next generation trading and trading analysis platform with a redesigned UI and with more than 500+ major enhancements compared to Ninjatrader 7. Fully multi-threaded core and user interface adds significant performance increases across the entire platform.
Tradezilla is India’s first ever exclusive and intensive ever online trading mentorship program for budding traders. Event will focus on providing quality information to Traders, developing dynamic thinking ability , self sustaining under complex market conditions and ability to separate trading signal from the noise.
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.
Would you like to test/practice your investing skills with US Markets. Getting a back adjusted equities/futures and forex data would be cumbersome for U.S Markets. Here is a better solution to get EOD data into NinjaTrader at free of cost. Yes Kinetick – data vendor provides 10 Years of Historical EOD data for U.S Stocks ,future and forex markets. However 10 years of Historical data is available for the NinjaTrader users at free of cost.
We last time presented simple and modified version of Stochastic Momentum oscillator in color coded histogram format for Amibroker. And this time replicating the same stuff for Ninjatrader. If you understand Stochastic Momentum Oscillator values ranges between +100 to -100. And Generally takes median of High and Low as input. Whereas in the modified version we changed the inputs to median of High, Low and Close. And also the modified version of Stochastic Momentum oscillator has two lookback periods instead of two.
NinjaTrader is a free application for advanced charting, market analytics, automated strategy development. In this webinar guides you about basic configuration, features and usage of Ninjatrader software with respect to Indian Markets.
In this webinar you will be getting the basic understanding about Ninja trader Platform and how to handle the platform effectively to improve your trading skills. Session focus more on learning about Ninjatrader Custom Indicators and Trading Systems and makes you independent in handling Ninjatrader.
Here is a quick video tutorial on how to connect Ninjatrader 7 with Globaldatafeeds Nimbledataproplus(lite). Adding symbols in Ninjatrader 7 is not as easy as adding in amibroker and this tutorial explores how to add the symbols in Instrument Manager in NT7. Moreover we also be discussing how to use Amibroker and Ninjatrader 7 simultaneously with Globaldatafeeds and the recommended datafeed type (Non Continuous data or Continuous Contract).
Market Profile is not a trading system but a market generated information and a decision supportive system along with your existing trading systems. It provides you knowledge about who is in control in the market (Long Term Players, Short Term Players, Day Traders), directional conviction. Market Profile gives an idea to a day trader about where to take a trade and which trend to play for the day based on trend conviction