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Superior ADX/DMI

$149

  • License

Description

Platform

Availability for:

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

Overview

This is a classic indicator remade by ninZa.Co.

ADX/DMI is a great combo to identify market conditions. If ADX is below a threshold (generally 20-25), the market is characterized as “chop”. If ADX meets the threshold, the market is trending:

  • If DMI+ is above DMI-, we have an uptrend.
  • If DMI+ is below DMI-, we have a downtrend.

Just that simple, but in reality traders will find it really difficult and time-consuming to interpret the plots because we have as many as 3 plots to take into account. Don’t worry! Our Superior ADX/DMI handles all these interpretations and paint chart background for you to easily read:

  • Green background: uptrend (only search for long signals)
  • Pink background: downtrend (only search for short signals)
  • Normal background: chop market (don’t trade)

From our researches, we discovered that using a very small ADX/DMI period with a little smoothing provides much better trend detection. That’s why we use a period of 3 for ADX/DMI, smoothed by HMA 2 in the default settings of the indicator.

A tremendously powerful feature of our indicator is ADX peak/exhaustion recognition, which often signals trend slowdowns or reversals accurately. For your information, an ADX exhaustion is a peak occurring in the high ADX zone (you define the threshold for the zone, e.g. 80). From our experiences, ADX exhaustion detects trend reversals or retracements to extremely high accuracy. This feature is, therefore, the priceless part of this indicator. ADX peaks are marked with small dots (), while ADX exhaustions are marked with large dots ().

The ADX plot is conditionally colorized to reflect different market periods: chop, exhaustion, uptrend rise/fall, downtrend rise/fall.

Key features:

  • Plot ADX, DMI+, DMI-
  • Allow smoothing ADX with any of 10 smoothing methods
  • Allow smoothing DMI+, DMI- with any of 10 smoothing methods
  • Allow defining 2 thresholds for high ADX and mid ADX
  • Paint background to show 3 market phases: uptrend, downtrend, chop
  • Colorize ADX based on 6 conditions: chop, exhaustion, uptrend rise, uptrend fall, downtrend rise, downtrend fall
  • Print marker on trend start
  • Trigger alerts on trend start
  • Print markers on ADX peak/exhaustion
  • Trigger alerts on ADX peak/exhaustion
  • 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: 0 = chop, 1 = uptrend, -1 = downtrend
  • Signal_Peak: 0 = no ADX peak, 1 = bullish peak, 2 = bullish exhaustion, -1 = bearish peak, -2 = bearish exhaustion

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.

■ 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.