Intermarket $pread

Comparison: McClellan Reversal Pro vs Intermarket $pread

ninZa.co already has a version of this concept called McClellan Reversal Pro, so how is Intermarket $pread different?

Intermarket $pread empowers you with an insightful market perspective, enabling rapid assessment of potential bullish or bearish reversals across a broad range of stocks.

Key features

1. Flexible cross-instrument analysis

Unlike traditional Indicators limited to Advance/Decline lines, it allows you to select any 2 instruments for analysis. This flexibility lets you tailor your market view consistently to your trading needs.

2. Multi-Instrument, multi-time frame reversal confirmation

Gain a deeper understanding of potential turning points by cross-analyzing multiple instruments across different time frames.

Practical example: 

If you're trading NQ on the 1-minute chart and want to gauge the likelihood of a true reversal, you can use Intermarket $pread to check for potential reversals on ES (5-minute) and YM (3-minute). 

• If both ES and YM show signs of reversal, it strengthens the conviction that NQ might also be reversing. 
• If ES and YM continue their established trend, temporary moves on NQ are more likely to be short-lived.

3. Filter out false reversal signals

Effectively distinguish genuine market reversals from short-term, unreliable fluctuations.

Real-life example: 

Suppose Intermarket $pread indicates that ES and YM are experiencing strong selling pressure. In that case, any temporary upward movements on NQ might just be short-term technical bounces – not indicative of a true market bottom.

4. Divergence analysis

• You can detect divergence signals similar to how traditional oscillators are used, but with an advanced level of sophistication thanks to the market breadth analysis capabilities of this indicator.
• These divergences not only reflect the discrepancy between price and breadth but also reveal differences in movement between various instruments and time frames.

Signal mechanism

• Price moves into the upper threshold and then moves out → a bearish reversal signal is formed
• Price moves into the lower threshold and then moves out → a bullish reversal signal is formed

Get more from your market breadth analysis -  Intermarket $pread today!

If you'd like to explore further, we have a wide range of NinjaTrader 8 indicators that may be a good fit for your trading approach.

FAQs

1. How do you trade with NinjaTrader multi time frame strategy?

You can use multiple time frame analysis with three simple steps below:

• Step 1: Open multiple charts
• Step 2: Analyze the larger timeframe
• Step 3: Confirm the mid-timeframe
• Step 4: Enter on smaller timeframe
• Step 5: Confirm and adapt those timeframes based on your trading strategies

2. What is the best NinjaTrader multi time frame indicator?

You should not look for the best multi time frame NinjaTrader 8 indicator, you just need to find one that fits to your requires, strategy and budget. You can refer to Intermarket $pread or Multi-Timeframe Fu$ion indicators from ninZa.co, the reliable vendor of NinjaTrader.

3. What timeframe do professional traders use?

Many skilled or professional traders usually use various timeframes based on their strategies. For fast trades like scalping or day trading, they use short-term charts, such as 5-minute or 15-minute ones. For longer trades, they prefer 1-day, 1-week, or 1-month charts. Some traders also check multiple timeframes to confirm trends.