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Nova Wynd

Why "wind"? Because a trend resembles a wind: it has both direction and strength. A trend is a trader's friend, so it's important to know the trend's direction and strength. Our Nova Wynd indicator interprets all of these for you, making trend trading simple!

Nova Wynd is a complete trend-trading indicator. ninZa.co researched hard to develop Nova Wynd as an indicator that is purely based on ninZaATR and price action, totally not using any moving averages or smoothing in order to minimize lags.

This spectacular indicator has 2 visual plots of the best values for a trend trader, both of which are ninZaATR-based distances from the reference price:

• Trend Vector: A vector provides both direction and amplitude information. Similarly, our trend vector not only tells the trend direction (uptrend or downtrend) but also the trend strength (strong or weak). It's easy to read the trend heat!
• Trailing Stop: This plot is reserved for trailing-stop attachment purpose. You just need to attach your stop to this plot and automatically ride a massive & lasting trend to the very end. This helps you be immune from harmful emotions that often kick you out of a great trend so soon.

Here's how to read "Trend Vector":

• If the "Trend Vector" plot is flat, the trend is weak: maybe it’s experiencing a correction, or it has matured with an imminent reversal.
• If the "Trend Vector" plot heads upward, the uptrend is strong.
• If the "Trend Vector" plot heads downward, the downtrend is strong.

4 states of the markets (strong/weak uptrend, strong/weak downtrend) are displayed clearly with various visual signals to help you easily read: bar painting, plot colorization, background highlight.

The best signal of Nova Wynd is PULLBACK. As you know, a trend rarely goes straight, but often retraces – which creates great opportunities for pullback trading. In Nova Wynd, pullbacks are our recommended signals for entries. From our testing and experiences, the first and second pullbacks are usually the most reliable and optimal entries.

A spectacular feature of Nova Wynd is trend step prints, based on the analysis of "Trend Vector" flat segments. Trend step decreases warn of trend weakness and therefore anticipate an imminent finale of a trend.

Key features:

• Plot "Trend Vector" that interprets trend direction (uptrend or downtrend) and trend strength (strong or weak)
• Plot "Trailing Stop" for stop trailing management
• Allow configuring "Trend Vector" and "Trailing Stop" with ninZaATR adjustment
• Print trend steps and highlight step decreases to warn of trend weakness
• Colorize bars based on 4 statuses: uptrend strong, uptrend weak, downtrend strong, downtrend weak
• Colorize "Trend Vector" based on 4 statuses: uptrend strong, uptrend weak, downtrend strong, downtrend weak
• Colorize "Trailing Stop" to clearly show uptrend vs downtrend
• Paint background to clearly show uptrend vs downtrend
• Trigger alerts on trend start, pullback, strengthening
• Print markers on trend start, pullback, strengthening
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals

Dedicated NinjaScript signals:

• Signal_Trend:
  • 2 = uptrend strong
  • 1 = uptrend weak
  • -1 = downtrend weak
  • -2 = downtrend strong
• Signal_Trade:
  • 3 = uptrend strengthening
  • 2 = uptrend pullback
  • 1 = uptrend start
  • 0 = no signal
  • -1 = downtrend start
  • -2 = downtrend pullback
  • -3 = downtrend strengthening
• Signal_Wave (positive values for an uptrend, negative values for a downtrend):
  • ±1 = wave #1
  • ±2 = wave #2
  • ±3 = wave #3
  • ...