- NinjaTrader 7 platform: NOT PLANNED
- NinjaTrader 8 platform: AVAILABLE NOW
- Calculate mode: any modes
- Trader manual: not available
With momentum trading, a trader needs to locate an entry opportunity in a short-term trend and exit when the trend is likely to lose its momentum. After taking the profit, the trader seeks the next short-term trend to repeat the process. This is a trading strategy that requires strict discipline for entries & exits (as well as money management).
Our Momentum Pro indicator supports momentum traders by recognizing potential trend starts & ends based on momentum analysis. We added an upper bound and a lower bound above & below the momentum plot to help identify meaningful changes in momentum, and therefore potential trends. Here is the logic, very simple:
- When the lower bound crosses above zero, an uptrend starts. The uptrend will remain until the momentum plot falls below zero.
- When the upper bound crosses below zero, a downtrend starts. The downtrend will remain until the momentum plot rises above zero.
- Plot momentum, upper bounder, lower bound
- Allow smoothing momentum (with 11 popular moving averages)
- Allow choosing the offset type: StdDev, ninZaATR, Tick
- Allow configuring the offset multiplier to decide how far the bounds are from momentum plot
- Paint bars to show 3 phases: uptrend, downtrend, neutral
- Paint background to show 3 phases: uptrend, downtrend, neutral
- Colorize momentum plot to show 3 phases: uptrend, downtrend, neutral
- Print markers on trend start
- Trigger alerts on trend start
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
- Popup alert
- Sound alert (configurable rearm)
- Email alert (possibly configured as SMS alert)
- Message displayed in Alerts Log window
- Can be used in ninZa.co's GRAND* HelloWin (our AMAZING analysis tool)
- Can be used in Market Analyzer
- Can be used in Strategy Builder
- Can be used in BloodHound
- Can be used in 3rd-party indicators, strategies, products
- Professional & clean signature for easy calling
Dedicated NinjaScript signals:
- Signal_Trend: 1 = uptrend, -1 = downtrend, 0 = neutral
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
- Ready to use out of the box
- Fully configurable & customizable with ease
Please read Installation Guide for details.
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
NinjaTrader 8 version:
- 12 Jun 2022 – The indicator was released (build new).