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ninZaATR is ninZa.co's special ATR formula. It's the best smoothed NinjaTrader ATR indicator, which essentially contributes to the great success of many of our best sellers like Ruby River, Supply/Demand Discovery, Solar Wind, SuperTrend Pro...
Regular ATR takes into account the previous bar’s close. This is okay on daily, weekly, monthly charts but a big issue on intraday charts (minute, tick, ninZaRenko…). Why? Because day-to-day gaps can be considerable, big, or huge – and then they scale up ATR abnormally and unreasonably!
That’s why in our ninZaATR, the first thing we changed is to eliminate the previous bar’s close, and therefore remove gaps from ATR calculations. We only take into account bar ranges (bar low to bar high).
Next, we smoothed ATR to help ATR change much more slowly. As you know, ATR is a standard unit to measure distances on charts. One ATR is completely similar to a one-meter ruler. If its value changes quickly, our measurements become less accurate, less reliable. Imagine, how can we correctly measure things if our one-meter ruler is 3 feet in the morning but in the afternoon, the one-meter ruler collapses to only 2 feet? This is exactly what happens to regular ATR!
We solved this problem sweetly by smoothing ATR with 2 layers.
The first layer uses SMA, and the second layer uses ninZa.co’s special formula.
Finally, we derived ninZaATR: a smoothed ATR version that is very stable and immune to gaps.
It helps improve indicator performance significantly on intraday charts.
Now, important: how to use ninZaATR? ninZaATR can be called from codes easily:
double atr = ninZaATR(Period);
Recommended values for Period should be from 50 to 100. We hope that ninZaATR can help improve your indicators or open-source indicators. You just need to replace the regular ATR with ninZaATR, using the statement mentioned above.
Ready to use out of the box
Fully configurable & customizable with ease
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Jul 31, 2020
- The indicator was released (built new).
Step by step guide on how to install the indicators
By: Nick K
I’ve just purchased another indicator and it’s amazing! They always work great and and do exactly what is described. I’ve alway know and trust you guys as you can see, as I now have several! Thank you! Love ninZa.co! - Purchased EOB Ordering + Smart Flattening + HAMA Monster + Smart Ruler + Easy Trend + SuperTrend Pro + Innovative Ordering
By: M.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
By: Bartosz
Thank You, Grace! Your support is extraordinary I wish all companies have such great support. Keep going I’m 200% satisfied.
By: Kari L.
Thank you very much for your excellent customer service, Grace! You are doing an excellent job making customers' lives much easier.
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