Sidewayz RT

Description

Platform

Availability for:

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

Overview

There are so many trend indicators out there but most of them face the same issue: they fail in a sideways or choppy market. Unfortunately, you can hardly find a good indicator that actually helps identify choppy phases.

That’s why ninZa.co set a quest to research and develop powerful sideways detectors, one of which is Sidewayz RT.

Sidewayz RT (RT = Running Total) is based on a running total of bar bias.

• First, the indicator calculates the bar bias of each bar (1: bullish, -1: bearish, 0: neutral).
• Then it plots the N-bar running total of the bar bias values (this N-bar period is called “lookback“).
• A sideways period is detected if the running total is NOT greater than a threshold you define (i.e. it is low enough) for X bars in a row (this X value is called “threshold-met span“).

This super indicator provides full options for you to design your preferred chop filters. Think of it as Photoshop or AutoCAD software, whose real power can only be discovered by users – not the developer.

IMPORTANT: We recommend you use our Easy Trend indicator or any moving average to help identify the major trend direction. You only trade long in an uptrend and only trade short in a downtrend.

Key features:

• Detect sideways markets
• Allow configuring bar bias settings
• Allow specifying the lookback to calculate running total
• Allow specifying the threshold to filter running total
• Allow specifying the threshold-met span
• Allow specifying max base zone’s range in ATR unit
• Allow specifying sideways bound in ATR unit
• Paint base zones
• Paint sideways zones
• Draw sideways bounds
• Draw sideways extensions
• Trigger alerts on sideways detection
• Print markers on sideways breakout
• Trigger alerts on sideways breakout
• Be NinjaScipt ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScipt signals

Alerts:

• Popup alert
• Sound alert (configurable rearm)
• Email alert (possibly configured as SMS alert)
• Message displayed in Alerts Log window

NinjaScript readiness:

• 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 NinjaScipt signals:

• Signal_State: 1 = sideways, 0 = no sideways
• Signal_Breakout: 1 = break up, -1 = break down, 0 = no breakout

Compatibility:

• Instruments: CFDs, forex, futures, indices, options, stocks
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever

Usability:

• Ready to use out of the box
• Fully configurable & customizable with ease

Media

Installation

Please read Installation Guide for details.

Support

FREE support for life! Feel free to ask us anything, anytime.
In NinjaTrader 8 platform, you even have access to our PRIORITY SUPPORT directly from chart.
Please read Customer Service for details.

Upgrade

All upgrades for NinjaTrader 7 and NinjaTrader 8 are FREE to request.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.

Terms

ALL SALES ARE FINAL & NON-REFUNDABLE!
Upon purchasing this indicator, you agree to be bound by Terms of Service.

Various types of indicators, all under one roof.
Please check out all of our NinjaTrader 8 indicators.