[Free] ninZaATR

Please click the button below to go to a special page where you can download this freebie instantly.
Millions of $$$ given away... Proudly supporting 12K+ traders around the world!
Categories: , Tags: ,

Description

~100 pro indicators of various types, all under one roof

Only ninZaFamily members have access to
DOWNLOAD ZONE to get this freebie [contact]

Platform

Availability for:

  • NinjaTrader 7 platform: NOT PLANNED
  • NinjaTrader 8 platform: AVAILABLE NOW

Overview

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 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 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)[0];

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.

Key features

  • Eliminate gaps, especially day-to-day gaps
  • Smooth ATR with layer #1, using SMA
  • Smooth ATR with layer #2, using ninZa.co’s special formula

Media

Installation

Please read Installation Guide for details.

Download

Please hit the nice button below to go to a special page where you can download this freebie instantly. You will also have the download access to ALL of ninZa.co's freebies ($1000+ value).

If you have any questions, do not hesitate to contact us. Thank you!

Changelog

NinjaTrader 8 version:

  • 31 Jul 2020 – The indicator was released (built new).

ninZa.co

■ Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

■ Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

■ NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

20% OFF MA-Slope Trend Filter

How STEEP is your moving average?