Harmonic Patterns Harmonic patterns are formed when a sequence of run-ups and pullbacks in the market adhere to predefined ratios (typically Fibonacci ratios). Many traders use Harmonic patterns in an attempt to identify key turning points in the markets, as well as predictions on future market movement. As seen in the image below, Harmonic patterns …
Pattern Recognition Indicator For NinjaTrader Unlike other pattern recognition indicators, this indicator utilizes polynomials to not only identify patterns currently forming in the market, but also to analyze historical data to see how the market is likely to behave after the pattern occurs. Features *For NinjaTrader 7.0.1000.4 and later Advanced pattern recognition formula to predict …
Programming an automated trading strategy can be a time consuming and/or costly venture. Unfortunately without investing the time and/or money in to having your strategy programmed, the only way to backtest the strategy and get an idea how it performs historically is to log each trade by hand. Backtesting Strategies by hand can be a …
A very common request I receive for custom indicators and strategies is to include divergence. While divergence is easy for the eyes to see, it can be quite difficult to define in terms that are programmable. The Divergence Indicator for NinjaTrader utilizes a sophisticated algorithm to detect divergence, and eliminates some shortcomings of typical divergence …
October 16, 2013
The best indicator available for identifying Divergence. Watch the brief demonstration video to see for yourself. […]