Fat Lady is officially bearish, but a test would be nice $ES_F 1654 x 1612

Today’s Economic News:

image

So just when you think Europe is doing great, in comes that negative retails sales and GDP. UK looking better.  In the USA today, it is GDP and factory orders. Those should be movers.  

Featured Breadth Chart of the Day:

image

The Zweig is fairly weak and our call for safe swim isn’t taking hold.  We do want to see a test higher just to get a feel for the conviction of the bears and the anxiousness of the bulls.

 

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1654
Long:  1612

image

Triple bottom, what is that adage? There is no such thing as a triple bottom?  We did expect to get a bounce, it didn’t happen.  It might today, I hope so because it would help reveal so much.   We are keeping the landing zone at 1612 for now and it is looking more and more like the market wants down.

I did a guest piece for the MrTopStep MiM today, you can go to the opening print and get more details about the MiM. 

image

Here is the synopsis from my cool closing trade chart.  The best trade was an entry long at 3:20pm ET with an exit at 3:40pm just before the pubic MOC orders are published.  Here is what we saw:  by 3pm a very decent and strong buy-side imbalance was building, and that peaked around 3:10 at 85% and I am favoring that 3:20 entry time so I took a flyer on the NQ.  Not too long after that the market started to run and as it ran up, the imbalance started to bleed off, almost down to the point of noise.  (I have a model in my head that anything under 67% either way is sorta neutral).  So with a nice 6 point SPX run and a waning buy-side imbalance, it was time to leave the trade.

The MiM is so new that there is no owners manual, but it is pretty simple to read and to build up the conviction and confidence side.  The story on the close was indecision with a 6 point run able to wipe out all the buy side and to attract sellers.  In other words, there are sellers looking to get out. 

 

Comments about the Front US Dollar DX futures contract:

image

We wanted that 82.63 to hold before getting all bullish again.  With weaker data out of Europe today we like the dollar longer again.

 

Comments about TLT (Twenty year Bond ETF):  

image

Still no fear yet and TLT having a hard time finding some solid ground to bounce.  We are targeting the 112.50 area as a next possible hold.

 

>>> Follow us @redliontrader<<<<<

 

Breadth Charts in Full :

Zweig Breadth Thrust:

image

Weak, today will be a good test with a gap-down opening.


Cumulative Volume Index:

image

No info here.

.


Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):

image

Getting down into negative 40 territory, that produced the last bounce.


New Highs / New Lows ratio chart :

image

Bouncing on the NHs/NLs.


Trenders :

Short Term Trender –  McClellan Summation Index:

image

Bearish.


Long Term Trender –  Cumulative 4-week Highs – Lows (the fat lady):
image

Fat lady is officially bearish, but we would like that test.

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

 

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. RedlionTrader.com, its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. RedlionTrader.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

rlNedDavis4PctStrat vers 1.0 Release for NinjaTrader

This is the 4% system for NinjaTrader as interpreted from Martin Zweig’s Winning on Wall Street.  The basic rules can be found on our website where we trade the system using the Value Line Index and the UWM ETF.

 

We use our TradeStation version of this indicator to do our 4% trading and, unfortunately, I don’t have access to a Value Line symbol for Ninja (unless someone knows how to get it).  Our example here has substituted the IWZ (Russell 3000) broad based index as a proxy for the trigger symbol and it doesn’t quite produce the same results as the Value Line.

 

That being said, there are certain advantages that the Ninja version has over TradeStation, one of which is the simplicity of changing the underlying trigger symbol that is built into the strategy.

 

We have also added in the ability to model profit targets, stops, and even a maximum trade length.  These can be disabled by placing a 0 (zero) in their input value fields.

 

This is a long only strategy but we see room for improvement by adding in some shorting capabilities.

 

The basic 4% model is that whenever the trigger symbol closes up 4% for the week, you buy. When it closes down 4% for the week, you sell.  That’s it.  And at its simplest function that is what this strategy does.

 

We are supplying with the strategy a basic emulation of the Ned Davis 4% system as documented, but we are also supplying a setting that whenever one gets a 4% up on the IWZ, one enters QQQ for a few days to capture some upward thrust profit.  That strategy does pretty good with a 61% win rate and a profit factor near 2.  We haven’t spent much time yet with the Ninja version except to debug, but we will be looking at it more closely, a lot closely on follow though price action from 4% IWZ moves!

 

The concept you need to grab here is that there are two symbols and time frames involved in this strategy.  There is the underlying index (could be an ETF or any stock really or an index) that is calculated on a weekly percentage gain or loss.  That gain or loss is settable by you, as is the trigger symbol but not the time frame, currently fixed to weekly.  Then there is the traded symbol, which can be on any time frame.  It can be the same symbol as the underlying, or not, and the same time frame, or not.  Dealers choice.

 

In addition, you can set the exit long strategy to be something other than the simple 4% down exit.

 

Here are some suggested areas to explore with the strategy:

  • Change the underlying index to a leading index such as the QQQs and buy traditional laggards long on 4% up weeks.
  • Find some good trading pairs that are correlated with a time shift, that is, when one goes up, the next week the other has a high probability of going up.

We have plenty of great ideas to improve this strategy and will be returning as soon as we catch up to implement.

  • Add in shorting
  • Allow the user to set the time frame for the underlying
  • Improve the auto-trading with a break-even stop once profit is hit
  • Add in pyramiding
  • Look for a filtering indicator to improve entries

Although this strategy carries the NedDavis4% name, it is so much more.  I think we will change the name when we do our next version!

Inputs:

 

image

Input

Description

Pct Target Exit at this percentage target price (0 = disable)
Stop Loss target Exit at this stop loss target price (0 = disable)
TradeLength Exit once the trade has been open this length of bars (0 = disable)
Pct Change The Weekly percentage change of the Trigger symbol to enter long
Trigger Symbol The trigger symbol.

 

Fairly basic, and in fact, some of those changes we talked about above most of you could probably code in.. remember we always release our source code with the indicators.

 

With the strategy there are two examples:

 

The first example uses the inputs above. The sequence is:

  • Watch IWZ (the Russell 3000) for a 4% up week.  If there is a 4% up week, then enter long into UWM (Russell 2000 2x).  We are looking for a little leverage.
  • Stay long undless a 4% down week is detected on a Friday close.

Our 2nd example breaks the 4% model and is an attempt to garner an edge by going long on a 4% up week on the QQQs (Nasdaq 100 ETF).  Here are the settings for our 2nd example:

 

image

 

In this example, we are using the same IWZ as the Trigger underlying symbol.  The sequence here with these settings is:

  • Go long on the QQQs when a 4% up move for the week is detected in the IWZ
  • Hold the trade for 3 days and then exit

That’s it.  As mentioned above it has a pretty good profile, worth investing some time in.

 

Our strategies are available for download for Gold/Premium members only.  Membership is good for 12 months and entitles you to download all the indicators we have plus those we add and improve over the next 12 months.  If you want to read more about Premium Gold, this is the link, or you might want to review our FAQ page.

 

Download:

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Instructions.  Before attempting to install the workspace example, make sure you have the strategy below installed.

To import these indicators use the import NinjaScript from the File –> Utilities menu selection:

If you are not sure how on install a custom indicator here is a short tutorial

 

Here is the example worksheets.  Note that the strategies sometimes to not stay installed so you may need to re-install the strategies.  Here is a tutorial on that: http://screencast.com/t/huaZVfu3x

This is an XML file and needs to be placed in your  documents/ninjatrader 7/workspace folder.  If you click on the link and see a bunch of tests then the XML file was opened in the browser, that is not what you want!

You must right-click the mouse and chose the “save link as” and point the dialog box to Documents/NinjaTrader 7/workspaces.. You can change the name to what ever you want.

Let us know if you need any help.  You are not alone, we are here to help you step ahead!

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-Red and the rest of the team

rlNedDavis 4% indicator for NinjaTrader vers. 1.0

 

This is our first release of the Ned Davis 4% indicator.  Although it defaults to looking for a 4% weekly move, the indicator is generic enough to generate a colored candle based on percentage thresh hold.

 

You can read specifically about the Ned Davis/Zweig 4% system on our website here.. , as well as its current status.

 

image

Input

Description

Up Color The color for a move above the PctChange threshold
Dn Color The color for a move below the PctChange threshold
MarkerEnable Turns on or off the Diamond markers
PctChange The amount the price has to move between closes to trigger a color change

 

Sample Provided:

image

**Note to rlCandle indicator users, this indicator must be installed after the rlCandle indicator as both re-write the candle colors and the last indicator wins.

To use this indicator, install it with the NinjaTrader script import and put it on your charts.  It will work with any symbol and with any time frame.

 

There is a Ned Davis / Zweig 4% strategy available also for premium members.  You can find the strategy for test Pct move entries using any index to trade a 2nd instrument,  ie,  you can use pct moves to trigger in the S&P500 for a buy or exit in IBM for instance.

 

This indicator is free for registered users (which is also free):

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This content is only available to premium members. If you would like to join and have access to all my indicators checkout the current special being offered here: <a href=”http://www.redliontrader.com/membership/”>Premium Membership </a>

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To import these indicators use the import NinjaScript from the File –> Utilities menu selection:

If you are not sure how on install a custom indicator here is a short tutorial

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rlCandles – Indicator is the basic foundation to all our charts

Before downloading indicators, it is important to note that all of the charts in our examples use our indicator rlCandles, a candle re-write indicator that gives us our favorite candles which are trending candles.

What are trending candles, you ask?

Traditional red/green candles are green if the close is greater than the open price and red if the close is lower than the open. One problem with that is that a gap down can show as a green candle if the gap down open is less than the close, even if the close is less than the previous close.  We don’t like that, we use trending candles and this is how they work.

Red Solid – Close is lower than open and previous close

Red Hollow – Close is greater than the open (green on the bar) but still less than the previous close

Green Hollow   – Close is greater than the open and greater than the previous close (trend up)

Green Solid – Close is less than the open (usually a red bar) but the close is greater than the previous close (trend up).

 

Our rlCandles indicator also does some housekeeping for us by putting up the net change and %change in the upper left hand corner and providing us the opening 15 minute trading range and range for the day.

 

 

 

image

Input

Description

Candle Mode 1 – Traditional Candles
2 – Trending Candles
3- Transparent Candles (Remove candles and show indicators only)
Enable Candles? Turn off the candle re-painter
Down Color The color you want for a down candle
Up Color The color you want for an up candle
Enable Label Turn on or off the upper left label net change and % change
Labor Color If enable the color for the label
Label Font The font to use for the lable

 

This is the foundation to all our charts as mentioned above.

 

Note: For you at home players and coders… this indicator is an excellent programming example of how to pass in boolean, fonts and color arguments to an indicator and the necessary serialization for colors and fonts,  it uses them all.

This is how our charts look with the indicator removed and the standard RSI installed.

image

Same chart with indicators turned on and running in candle mode 1:

image

Same chart with candle mode 2:

image

And finally, in transparent mode 3 (hides the price data):

image

Allowing just the indicator to be painted in pane 1 without any price info. (Very useful)

 

Our charts have the fonts and lines over-sized for publication and screen sharing, you will probably want to spend a few minutes to customize them to your needs.

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You can download rlCandles for free as a registered member of the site.  There is a short video tutorial in the download section describing how to set up your charts just once, and then the next time you load your charts they will be the way you like them.  Setup is important for NinjaTrader.

 

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This content is only available to premium members. If you would like to join and have access to all my indicators checkout the current special being offered here: <a href=”http://www.redliontrader.com/membership/”>Premium Membership </a>

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Tutorials

Setting up your charts for black backgrounds or any color part1

Setting up the defaults for your charts part 2

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RLww_Strategy v1.0 is released for premium members

 

This strategy builds upon the ADT/UDT indicators released.  It enables traders to test trading strategies and do analysis on A/D and up down volume strength and their predictive properties.

image

Inputs

Description

ADV Data Stream containing either the advancing or up volume symbol
DECL Data Stream containing either the declining or down volume symbol
Length The length of the interested ADT or UDT
BuyThrustLength The time window to look for a Buy Thrust move (if negative looking for a downward thrust  from Overbought to Oversold)
0 = disable thrust buying
ShortThrustLength The time window to look for a Sell Thrust Move (if negative looking for a downward thrust  from Overbought to Oversold)
0 = disable thrust selling
Os_buy The oversold  value for the buy logic
Ob_buy The overbought value for the buy logic
Os_sell The oversold  value for the sell logic
Ob_sell The overbought value for the sell logic
BuyX Buy on a cross of the absolute value of this input, if the input is negative the cross is above to below, if positive the cross is below to above
0 = disable cross trigger for a buy
ShortX Short on a cross of the absolute value of this input, if the input is negative the cross is above to below, if positive the cross is below to above
0 = disable cross trigger short
Enb_Text For Future Use
Pct Target Profit Target for the trade in % terms
Stop Loss Target Sets the % loss limit on the trade, 0 = ignore
Trade Length if a number other than 0 sets the number of days to hold the position

 

There are two modes of entry in this strategy,  a thrust mode and a cross-over mode.  Both can be disabled by placing a zero in their values.

 

It is possible to have both modes on by simply setting their values as desired.

 

The sample worksheet packaged with the strategy has the following two examples setup.  These are setting examples as opposed to real trading strategies.  Further optimization, portfolio testing, and selecting the best ADT/UDT length are left up to the trading researcher… you.

 

Our first example uses the strategy in thrust mode, looking for a particular size move in a particular number of days.  The second example uses the strategy in cross-over mode, that is looking for a particular ADT or UDT to cross either above or below a particular value.

 

Example #1 Buying and Shorting Thrusts

image

 

image

 

This is  the worksheet example that is packaged with the strategy:

  • In our example, we are looking at a NYSE ADT length  set to 7 bars on our daily chart, so we are looking at an ADT7 calculation.
  • For a buy, we are interested in a thrust length of 14 (a move from oversold up to overbought in 14 trading days), or for a sell or short we want a downward thrust of -7 (a move from overbought down to oversold in a 7 day period).
  • The levels considered oversold for the short and buy are both 35.8, for overbought 63.
  • The cross-over mode is disabled via the buyX and shortX inputs set to zero
  • We will exit the trade at 4% profit, stop at a maximum 4% loss, or force an exit if neither is hit within 15 days.

So what is the strategy doing?

At each bar, the strategy is generating a new ADT7 and looking over the past 14 bars to see if we have moved up from 35.8 to 63 in the last 14 trading days.  If so, then we want to buy at the next bar.

Or, because we have a –7 in the shortThrustLength input, if our ADT7 has moved from 63 (ob) to 35.8 (os) during 7 trading days, we want to short at the next bar.

 

Performance Results:

image

 

These are the results based on a continuous ES contract.

 

The long side here looks reasonable and we would want to spend more time optimizing on the short side.

 

Example #2 – Buying and Shorting Cross Overs

image

Strategy Settings:

 

image

 

This example also looks at the NYSE advancing and declining issues.

 

We are :

  • Interested in an ADT7
  • The buy and short thrust trading logic is disabled via the 0 in buyThrustLenght and ShortThrust length
  • We ignore the settings in os_buy, ob_buy, os_sell, ob_sell since we are not in thrust mode
  • buyX is set to –50.5 so we want to go long when the ADT7 crosses below 50.5 (since it is a negative number)
  • shortX is set to 60 so we want to short when the ADT7 crosses above 60
  • Our exit is either a 5% profit, 4% loss or a trade of 7 days which ever happens first.

 

This strategy and worksheets are available to gold members only.  If you are interested in joining you can do so here:

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This content is only available to premium members. If you would like to join and have access to all my indicators checkout the current special being offered here: <a href=”http://www.redliontrader.com/membership/”>Premium Membership </a>

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To import this strategy use the import NinjaScript from the File –> Utilities menu selection:

If you are not sure how on install a custom indicator here is a short tutorial

The sample workspace described above, with the strategy setup in both modes, is below.  This is an XML file and needs to be placed in your  documents/ninjatrader 7/workspace folder.  If you click on the link and see a bunch of tests then the XML file was opened in the browser, that is not what you want!

 

You must right-click the mouse and chose the “save link as” and point the dialog box to Documents/NinjaTrader 7/workspaces.. You can change the name to whatever you want.

 

 

Downloading the workspace with a strategy is tricky, sometimes the strategy does not load with the workspace.  If that is your situation, install the strategy by hand.  ALL STRATEGIES LOAD DISABLED, YOU MUST ENABLE THE STRATEGY TO RUN.

 

Here is a tutorial on downloading the workspace and enabling the strategy: http://screencast.com/t/huaZVfu3x

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rlWW – Wayne Whaley indicators Version 1.0 for NinjaTrader

 

This is the release of the Wayne Whaley ADT/UDT version 1.0  indicator for NinjaTrader.  This release includes the indicator with source code and a sample worksheet to get you started.

 

If you are not familiar with Wayne Whaley’s breadth work, you should be.  Built upon the work of Dr. Martin Zweig, Wayne has developed a market model using several breadth patterns which include 52 week new highs/lows, Advancing/Declining strength and up/down volume and seasonals.  For his work, Wayne received the coveted Charles H. Dow award in 2010.  You can read Wayne’s initial Plane,Trains and Automobiles using this link. 

Each night, Wayne publishes the best signals from his market model, which often include ADT and UDT or Advance/Decline Thrust or Up/Down Volume Thrust.  These are appended with the look back length, ie. an ADT3 would be a 3 day average of advancing/declining issues (number of symbols advancing as opposed to declining in price).

July 1st, 2011 Wayne wrote a piece on the double barrel 9:1 thrust: and his work often includes tables like this:

          Double Barreled Lopsided Volume Reversal Days
When the Price Trend is 0-2
                   FORWARD S&P 500 PERFORMANCE
DATE  UDT1 UDT2 UDT3 UDT4  XMA0.01    1MT     3MT     6MT    12MT
19750127  1.1  5.2 91.7 92.6    0.01    7.16   14.93   18.47   31.44
19750409  8.2  2.9 91.2 91.6    1.03    9.28   14.44    6.68   21.14
19750919  8.9  6.6 97.0 93.7    0.25    3.47    3.40   17.12   23.74
19760105  5.2  3.7 91.9 93.4    1.05    8.44   11.81   12.45   13.16
19790103  7.3  3.4 90.2 91.5    0.11    1.74    4.70    4.39    7.59
19790327  9.1  5.7 90.0 90.4    0.70   -0.66   -0.20    7.54   -4.16
19791112  0.6  2.4 91.4 94.9    0.12    3.87   13.90    1.23   30.03
19860826  2.5  3.7 92.7 93.2    1.74   -8.15   -1.61   11.91   32.32
19870102  0.4  2.0 94.3 93.7    0.70   12.17   19.14   24.01    0.26
19880902  5.3  7.3 95.3 97.6    0.11    2.81    2.77    9.63   33.75
19890512  8.9  9.0 93.9 94.2    1.54    3.95    9.85    8.05   12.16
19970505  9.4  7.5 92.8 91.5    1.94    1.58   14.70   13.55   34.37
19971103  9.9  0.4 93.7 94.7    1.40    4.02    7.14   19.38   18.30
19981015  4.0  3.5 95.7 91.3    0.28    7.47   18.69   26.29   19.09
20040328  6.8  9.8 93.4 94.0    0.75    1.30    2.30    0.18    5.98
20040902  7.9  8.0 93.5 90.6    0.41    1.18    6.44    8.21    8.92
20060629  4.6  9.6 96.6 94.1    0.20    0.45    4.95   11.43   18.11
20090803  5.4  3.8 97.1 92.1    1.59    0.06    4.27    9.44   11.75
20100305  9.7  4.5 91.7 93.0    1.42    4.28   -6.48   -3.00   16.02
20100713  5.0  0.1 97.9 93.6    0.22   -1.47    7.56   17.20   22.31*
20101201  4.6  7.0 94.1 96.7    1.17    4.28    8.31    8.96   11.08*
20110701  8.4  3.7 91.6 96.3    0.99     ?       ?       ?       ?

                                #UP-DN =   18- 3   18- 3   20- 1   20- 1
AVG%CHG=    3.20    7.67   11.10   17.49
MED%CHG=    3.47    7.14    9.63   18.1

The table above is a statistical historic performance of 9:1 up volume days using a UDT1.  I am more visual and would like to see these thrusts visually on the charts, hence the Whaley ADT/UDT indicator.

image

This is how it looked on the charts. You did get a couple of days to the upside and then August came and the indicator started throwing in double barrel sells, that is 2 9:1 down days with out an intervening 9:1 up day.

 

The last 4 days on the chart are signaling market indecision, alternating between 9:1 up and and down.  The last hit was an up 9:1.  Should a second 9:1 up happen without an intervening 9:1 down (a reading below 10), that will be another 9:1 double barrel buy signal, indicting that buy volume momentum has moved to the upside.

 

You can create ADTs and UDTs of any length with our indicator.  We are providing a sample workspace (Wayne Whaley 2)  that shows ADTs 1,2,3,5,8,13 and 21 for your research.

 

image

How to format the Indicator:

image

Where:

Input

Description

ADV The symbol name for advancing  or up volume issues
DECL The symbol name for declining or down volume issues
Len The length of the ADT or UDT you want to see
OB The value you consider overbought
OBColor The color you want the background painted for Overbought condition
OS The value you consider as oversold
OSColor The color you want the background painted for Oversold condition
Thrust Length The amount of time a signal needs to move from oversold or overbought (or vice versa) to be considered a thrust. ie. A Zweig reversal thrust is considered as a move from oversold (40) to overbought (61.5) in any 10 day period.  An unusually strong market reversal.
ZBTColor The color you want the background painted when a thrust is detected

 

The sample above is looking at an 8 day NYSE ADT (ADT8) and considers 61.5 as overbought and 40 as oversold.  Should the indicator move from one extreme to the other, it will paint a hot pink background.

image

This is the resulting chart.

 

Note: This indicator requires instrument mapping to work.  You must map the following symbols, the Kinetick mapping values are supplied below.

Metric

Kinetic Symbol

Indicator Symbol

NYSE Advancing Issues

IINA.Z

^ADV

NYSE Declining Issues

IIND.Z

^DECL

NYSE Up Volume

VINA.Z

^UVOL

NYSE Down Volume

VIND.Z

^DVOL

SP500 Advancing Issues

II6A.Z

^ADVSP

SP500 Declining Issues

II6D.Z

^DECLSP

SP500 Up Volume

VI6A.Z

^UVOLSP

SP500 Down Volume

VI6D.Z

^DVOLSP

RUT 2000 Advancing Issues

IIRA.Z

^ADVRL

RUT 2000 Declining Issues

IIRD.Z

^DECLRL

RUT 2000 Up Volume

VIRA.Z

^UVOLRL

RUT 2000 Down Volume

VIRD.Z

^DVOLRL

Nasdaq Comp Advancing Issues

IIQA.Z

^ADVQ

Nasdaq Comp Declining Issues

IIQD.Z

^DECLQ

Nasdaq Comp Up Volume

VIQA.Z

^UVOLQ

Nasdaq Comp Down Volume

VIQD.Z

^DVOLQ

 

The indicators use the last column as inputs for the symbols.  You can either change the inputs in the indicators to map to your service (Kinetick.com provided as an example) or use the instrument manager and map the indicator symbol name to your service’s symbol name (recommended).

 

To do the mapping read this handy little tutorial: Using Instrument Manager in NinjaTrader

 

Download Indicator:

These indicators are provided free, but you must be registered in order to download.  Please register here:

 

{{{*}}}

 

To import these indicators use the import NinjaScript from the File –> Utilities menu selection:

If you are not sure how on install a custom indicator here is a short tutorial 

Workspaces:

We have  2 workspaces for you testing below.  Put these files in your ninja workspace directory.  Where is that?  It is in MyDocuments –> Ninja 7 –> workspaces.  Drop it in there and if you have mapped your symbols (instruments) correctly all should be good.

NOTE: These are XML files.  You might need to right click and chose your SAVE AS option in your browser in order to download correctly.

 

rlTicks for NinjaTrader v7.0+

 

The NYSE ticks are very useful for timing entries into the market for scalps, or even for optimal entries for longer term swings both long and short.  This indicator is always on top in my setup.

 

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The faded HLC sticks in the background are the raw tick data.  I fade the raw ticks and superimpose a filtered version that uses some signal processing to generate a more useful signal from the data.

 

Input Parameters:

 

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Parameter Name Function and settings
AlertSound Path to the wave file to play for the alerts window should an alert happen
BBbLen Length for the Bollinger Band (Length of 0 disables the BB)
EnbAlerts Enable or Disable Alerts.
When enabled this indicator will send a low alert for new high/low tick of the day and a medium alert for any ticks above or below the HI and LO alert settings
HIAlert Draws a green line at the high alert level.  If Alerts are enabled for this indicator, an alert will be generated on any ticks above the alert line
LOAlert Draws a pink line at the low alert level.  If Alerts are enabled for this indicator, a medium alert will be generated on any ticks below the alert line
SignalLen Set the filter level on the ticks.  I like the 3 setting, 2 is faster, 4 slower
WsName The name of the workspace the indicator is on.  This must be set manually and is used for the Alerts to help locate which workspace is generating the signal.  If you do not have multiple workspaces or do not use alerts you can ignore this setting.

Notes:

You need to have access to a symbol that is the NYSE ticks or your desired tick symbol.  This indicator can work on any Tick data such as the Russell 2000 or SP500 ticks.  I find them too noisy to use, however.  The default template that comes with this indicator assumes a ^TICK symbol has been correctly mapped in the Instrument manager.   However, you can install the indicator manually on any tick symbol.

 

More Information:

For more information on using the ticks, you can read and watch the following:

http://www.redliontrader.com/ticks/how-to-pick-a-top-using-the-nyse-ticks-on-es_f/

http://www.redliontrader.com/ticks/nyse-ticks/

 

 

Download:

The rlTicks download is available only to Premium members of RedlionTrader.com.  Why?  because this indicator is money and I plan to spend some time developing trading videos and supporting traders on using this critical indicator for discretionary entries.  Gold level membership comes cheap and entitles the members to download all the indicators.  Membership runs for a year but the indicators are yours to keep forever.  Gold membership also gets you access to the ten day swing trade mechanical system entries and exits.  You will also get support, update notifications, and even minor custom tweeks upon request.  It’s like getting a NinjaTrader coder for cheap!  Go Gold

 

The download appears below:

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There is a template available if you like my chart setup.  Simply create a chart with the ^tick symbol and apply the template rlTICKS.

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MarketThrust indicator for NinjaTrader v7.0

 

NOTE: THIS IS AN UPDATED POST WITH A NEW RELEASE:

I have modified the original release to make it more flexible for other symbol inputs.

 

This is my first real indicator release for NinjaTrader, so any feedback – works, doesn’t work –  would be greatly appreciated.

 

First, about the Market Thrust.  This is a trin type indicator whose formula is:

 

Issues Advancing * Up Volume – Issues Declining * Down Volume

It is a very simple indicator and helps to give a visual on the current market strength, bears vs. bulls.  I use it to help ride trends and trend days like the example below.  If I am long, and red sits above white sits above blue, I will keep holding.  When white crosses blue I will scale some out.  The red line is the raw “noisy” data.  The white and blue lines are averages of the red line which can be adjusted via the parameter box.

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The Parameters are as follows:

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Definitions:

Sym Adv Issues:       Enter your symbol for advancing issues..

Sym DECL Issues:  Enter your symbol for declining issues..

Sym UP VOL: Enter your symbol for Up Volume

Sym DN VOL: Enter you symbol for Dn Volume

Factor: Divides the raw data to make the numbers more reasonable to look at.

FastSmooth: The Fast moving average (White Line default)

SlowSmooth: The Slow moving average (Blue Line default)

Installation:

 

  1. Download the .zip file attached to this document.
  2. Go to the NinjaTrader Control Center and choose File –> Utilities –> Import NinjaScript and navigate to the downloaded .zip file named MarketThrust
  3. Once import has finished go to the Control Center and choose File –> New –> Chart and install any symbol that has one minute data (or a time frame equal to how you are going to use the market thrust), I use the SPY.
  4. Now go to your new chart, right click the mouse and chose Templates –> Load.  If the import worked correctly you should see a MarketThrust template.   Chose this template and you should be all set. From here you can customize the charts as you wish.  The primary dataseries has been hidden and the indicator now stands by itself in the chart.

*** Note about symbol names.   You must have ^ADV, ^DEC, ^UVOL and ^DVOL setup correctly in your instrument manager.  If you have alternative symbols for these three indexes you can replace them in the parameter window or map them via the Instrument manager.

 

 

You can download the MarketThrust indicator here:

You do not need to be a Premium Member to download this indicator, but you do need to be registered so if you do not see the download, please register at the site, it is free.

 

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If you need support please email ninja@redliontrader.com

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TraderPivots for NinjaTrader v7.0

This is the initial release of the TraderPivots indicator for NinjaTrader.  This is a premium indicator and is only available to members with Gold status or higher.

 

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TraderPivots are used to predict support and resistance zones.  The rlTraderPivot for NinjaTrader currently supports three types of pivots: Traditional, Camarilla, and Woodie.

 

The pivotType is chosen via the parameter input box:

 

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PivotType:

Traditional, Camarilla, Woodie – Each can be chosen by placing their first letter (or the entire name) into the PivotType window.

 

This download is for Gold Members Only:

To find out more about becoming a gold member and all the advantages please see:

http://www.redliontrader.com/membership/

Gold includes phone and email support.

 

Note:

To duplicate my charts you will need rlHollowCandles that modifies the Ninja Candles.  If you do not have this, or want to use your own Formats, ignore this message.

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Here is the HollowCandles Zip File:

 

Once your indicator is imported, load it on a chart, right click on the chart and select Templates –> Load.  Find rlTraderPivots and load and your chart should match the one above.

If you need support: support@redliontrader.com

 

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Release of AD-Race for NinjaTrader 7.0

 

This is the release of the AD-Race indicator for NinjaTrader 7.0.  This indicator is used to visually plot the Advance/Decline line of several indexes for intraday monitoring of strength, both relative to other indexes as well as to watch for market turning points.  This indicator needs advance and decline issue symbols from an intraday provider.  The defaults are setup for Kinetick which I also believe to be the same as IQFeed.

 

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Each A/D line is setup as a separate indicator.  A chart template is included in the zip download and will setup a chart to look exactly like the image above.

 

Parameters:

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Adv: Symbol name for advancing issues

Decl: Symbol name for declining issues

EnbRatio: Set to true if you want the current real-time ratio plotted next to the index name

Label: Text you want plotted next to A/D line

LabelColor: Color for text so it can match you A/D line color

 

** Note you need to install the indicator for each a/d line you want plotted on the chart.

Use the included template to setup a sample chart

 

 

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Download Here:

 

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