-: Trading NinjaTrader8 Indicator of WealthPower :-
Overview of best NinjaTrader8 Indicator
Name of the package: WealthPower
A trader must have following essential tools in the arsenal for trading:
- - Money Management
- - Risk Management
- - Trade Management
- - Order Management
- - Trading psychology
- - and power of knowledge
Placing A Trade With All The Defences Mentioned Above are essential to manage The Risk Inherent In Trading.
-: MULTI COLOR 30 INDICATORS ON ONE CHART :-
You may APPLY ALL the indicators on one chart or any SINGLE indicator of your choice.
- - Every indicator has been given a different PLOT STYLE with different WIDTH and different COLOR.
- - The indicators are based on candlesticks.
- - May be applied to Equity,Futures Forex and option.
- - Time Frame that can be traded: any timeframe
- - Applicable in NinjaTrader 8 only.
When you apply all the indicators on one chart,you will be able to see ALL THE SIGNALS with MULTI COLOR combination.This will give power to chart analytics.
Traders /Investors/Developers are free to develop on these signals to enhance their chart analytics.
This package consist of TOTAL NUMBER OF 30 INDICATORS.
These indicators have been assigned names starting with Wealth and a number.The number is followed by the function names.
The number in the name starts with 101 and ends upto 130.The numbers are so given for easy alignment of indicators in the indicator list.
All the indicators will appear one down the other in the indicator list making their identification and application easy.
- 1. Wealth101TrendStarter-One Indicator indicating beginning of a new trend and end of an earlier trend.
- 2. Wealth102TrendContinuation-One Indicator indicating continuation of trend.
- 3. Wealth103SupportResistance-One Indicator based on support and resistance analysis.
- 4. Wealth104MarketConfusion.-One Indicator BASED ON MARKET CONFUSION STATUS.
- 5. Weath105Macd-One Indicator based on popular MACD.
- 6. Wealth106Stochastics to Wealth110Stochatics-Five Indicators based on stochastics.
- 7. Wealth111Ma. to Wealth130Ma.-Twenty indicators.Based on Moving Averages.
This indicator basically indicates end of the trend and beginning of a new trend .This will signal normally at the beginning of a new trend.
Wealth102TrendContinuation shows continuation of trend once trend have emerged.It is SIMPLY TREND CONTINUATION INDICATOR.
This is a novel concept of "indicating" support and resistance.The support points are created at the bottom of the candle and resistance points are created at the top of the candle. Normally these support and resistsnce points are created during horizontal/sideways range of the market.These are seen to be crucial points acting as Support and Resistance. The ever changing manipulative behaviour of the market forces may be gauged by the traders. It is absolutely normal for the market to break the support in a downtrend and break the resistance in an uptrend. This indicator needs to be used in conjunction with other mentioned indicators from THE ABOVE LIST OF INDICATORS to understand probable direction of the market
A Novel concept again which indicates that the market is confused.
"IT SIMPLY INDICATES THAT THE MARKET IS CONFUSED" and it is unable to decide whether THE DIRECTION WHICH THE MARKET HAD STARTED WAS RIGHT.
Normally seen at horizontal/sideways market.
Normal horizontal/sideways market leads to continuation of trend.However there are times when market is confused if it has the right direction which market have started.Market might begin with an uptrend but then may be CONFUSED if it had the right decision...This "point" of confusion of the market is normally seen with this indicator.
This indicator may be used in conjuction with above list of indicators to guage future probable market direction.
This indicator is based on popular MACD with some modifications.
This indicator may be used in combination of other indicators mentioned in the list above.
These indicators are based on various combination of Stochastics.
Normally Wealth106Stchastics to Wealth110Stochastics appear at the end of the trend and may be used with "Wealth101TrendStarter" to confirm the end of the trend.It may also indicate end of an earlier trend with identification of a new trend.
"Wealth110Stochastice" may be used in combination of "Wealth106Stochastics" to "Wealth109Stochastics".
Still these may be used in combination of other indicators (in the list above) to enhance decision making.
These indicators are basically based on Simple combination of moving averages with enhanced combination of short term and long term moving averages.It is possible to apply all the indicators on one chart for the purpose of analytics and even with combination of other indicators.
Wealth112113114 is an extract of WealthPower package with combination of LONG TERM MOVING AVERAGES.
It consist of 3 indicators.
Cost USD 50.
Suggested combination is of MINIMUM two (ANY TWO)Indicators.
This is to primarily trade for trend.
This folder will appear at the top of Indicator list in NinjaTrader8.
Names as appering in the Indicator list are:
A possible one side direction with Moving average indicators may be seen for reversal with other indicators of:
- Stochastics (Wealth106Stochastics to Wealth110Stochstics)
- MACD (Wealth105Macd)
- Support and Resistance.(Wealth103Support Resistance)
- Trend Continuation ( Wealth102TrendContinuation)
- TrendStarter (Wealth101TrendStarter )
This is combination of three indicators viz Wealth141,Wealth142 and Wealth143.
These are parts/extracts of WealthPowerAdvanced package.
Suggested usage is with combination of one or all.
The signals are primarily based on higher combination of support and resistsnce levels.
The signals are to primarily idenify longer trends unless STOPPED OUT.
The signals are few but may be judiciously used with STRICT STOP at candle HIGH in case of SHORT position and at Candle LOW in case of LONG position.
The development on these signals for better management is open to all traders and fund managers.
Indicator names in NinjaTrader8:
An indicator originally launched in 2014 is relaunched herewith for the benefit of all. Original name was WealthLongTerm Simple idetification of LONG TERM TREND and to be used with other indicators of your choice with STRICT STOP at the base of the nearest low in case of an uptrend and at Nearest HIGH in case of Down trend.
Again an indicator originally launched in 2014 is relaunched herewith for the benefit of all. Original name was WealthShortTerm Simple identification of SHORT TERM TREND and to be used with other indicators of your choice with STRICT STOP at the base of nearese low in case of an uptrend and at nearest HIGH in case of downtrend.
Needless to say that risk management,trade management,Money management and order management with appropriate trading psychology are the core of any trade AND NO INDICATOR OR COMBINATION OF INDICATORS can substitute the same.Any indicator may be best used in conjuction with all the above risk management tools to optimise performance.Possible reduction of losses along with capital preservation should be the prime motto of any trader with sustained effort to enhance profit.
Kindly read discalimer carefully before using the indicators.