NinjaTrendTM
ATR (Average True Range) Indicator

Average True Range ("ATR") was introduced by J. Welles Wilder in his 1978 book "New Concepts In Technical Trading Systems". There have been countless copies and rebranding all over the net, such as "SuperTrend" or variations of that, hence tongue in cheek "NinjaTrend" in homage of these rip off systems of Wilder's research.

Wilder experimented with trend-following volatility stops using average true range. The system was subsequently modified to what is commonly known as ATR Trailing Stops. So either can be used in any strategy, as a trailing stoploss following the trend, or buy/sell in the trend direction.

NT8 NinjaTrendTM ATR Indicator

NT8 NinjaTrendTM
ATR Indicator

NinjaTrendTM ATR Indicator for Ninjatrader 8.

Universal ATR Trailing stop indicator, popular trend following system across the internet. This indicator allows you to change the calculations of the ATR to match some of the more popular (expensive) systems. The signal is exposed so can use this in the Ninjtrader builder to create your own automated strategies.

The strategy is to simply buy above/below the signal lines and this ATR line follows the price action and adapts to volatility.

ATR calculations can be changed such as Moving Averages. Standard, Exponential etc.to find best fit for your system or to replicate those more expensive systems out there using the ATR.

Add multiple versions of the indicator to chart for Multi-time-frame trading system. This also doubles up as a trailing stop as per Wilder's original concept.

NinjaTrendTM
ATR Indicator Only

£75 /Lifetime

  • NinjaTrend ATR Indicator (Lifetime)
  • £75 Off upgrade to yearly or lifetime NinjaTrend strategy
  • 1 Machine Licence

Indicator Features

Signals

Exposed Plot Signal:

  1. Price Close Above/Below ATR Trendline (1 = Long Signal, -1 = Short Signal)

Indicator Options

Change calculation method of the ATR Trendline:

  1. ATR Period Length
  2. ATR Multiplier
  3. ATR Smoothing Calculations; SMA, EMA, DEMA, HMA, TEMA, TMA, VWMA, WMA, ZLEMA
  4. Bar Colour options to help visualise the trend.

Indicator Applications

  • Simple buy above or sell below the trendline.
  • Add higher timeframe for multi-time-frame setup. Higher timeframe defines larger trend, enter and exit on smaller faster timeframe.
  • Add additional ATR for a trailing stoploss, and a projected profit target.

Strategy Features

NinjaTrendTM Plot Signals

Basic signal of the ATR indicator, is a simple crossover of the price over the trendline.

ATRCrossover - Long = 1.0 Short = -1.0

Use this when building own strategies in the builder, and can be used in conjuction with multi-timeframe and incorporate trailing stop and ATR projection targets.

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Media & Screenshots

Risk Disclosure:

Futures, Options, Forex and cryptocurrency 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 Disclosure:

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.

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