QuoteTracker Chart Tutorial to Compare Symbols

This Video goes over how to add multiple symbols on the same chart like NYSE TICK and NYSE A/D for quotetracker, and how to make custom indicators.

QuoteTracker Chart Tutorial to Compare Symbols

This Video goes over how to add multiple symbols on the same chart like NYSE TICK and NYSE A/D for quotetracker, and how to make custom indicators.

Starc Bands indicator for Ninja Trader

STARC Bands- These bands are around an SMA line, with the width calculated as the ATR (Average True Range) for the period.

Starcbands on Ninjatrader chart compared to quotetracker chart-
Indicator settings- To displace the bands back a fixed number of bars, go to the indicator settings.
Indicator code for Starc bands


Free Starc Bands indicator download for ninjatrader

Starc Bands indicator for Ninja Trader

STARC Bands- These bands are around an SMA line, with the width calculated as the ATR (Average True Range) for the period.

Starcbands on Ninjatrader chart compared to quotetracker chart-
Indicator settings- To displace the bands back a fixed number of bars, go to the indicator settings.
Indicator code for Starc bands


Free Starc Bands indicator download for ninjatrader

Trading Platforms Review

Richard from Move the Markets does a review on Trading Platforms.

I agree with Richard on NinjaTrader badly needing to upgrade to version 7.0 to have the ability to make indicators based off multiple data series.(ie compare Stocks against each other)

Allthough Quotetracker is free and lacks backtesting abilities, it does allow you to compare different stocks against each other quite easily and making custom indicators via the paintbars is very easy. It is a basic platform and it would be nice if the developers made a pro version that had some more advanced abilities.

Prospectus develops a trade rate indicator which looks very interesting.

Trading Platforms Review

Richard from Move the Markets does a review on Trading Platforms.

I agree with Richard on NinjaTrader badly needing to upgrade to version 7.0 to have the ability to make indicators based off multiple data series.(ie compare Stocks against each other)

Allthough Quotetracker is free and lacks backtesting abilities, it does allow you to compare different stocks against each other quite easily and making custom indicators via the paintbars is very easy. It is a basic platform and it would be nice if the developers made a pro version that had some more advanced abilities.

Prospectus develops a trade rate indicator which looks very interesting.

ADX BollingerBandwidth CCI indicator

I made a variation of the CCI indicator that also takes inputs from ADX and Bollingerbandwidth. You can change any of the parameters for the inputs. The indicator looks a lot like the CCI indicator except on big moves and trending moves, where the ADX and bollingerbandwidth give extra weight to the indicators movement.


I put all the indicators I make available to you in one folder at Mediafire.

Download HPT's Free NinjaTrader Indicators

ADX BollingerBandwidth CCI indicator

I made a variation of the CCI indicator that also takes inputs from ADX and Bollingerbandwidth. You can change any of the parameters for the inputs. The indicator looks a lot like the CCI indicator except on big moves and trending moves, where the ADX and bollingerbandwidth give extra weight to the indicators movement.


I put all the indicators I make available to you in one folder at Mediafire.

Download HPT's Free NinjaTrader Indicators

Custom Trend Indicator for NinjaTrader

I haven't seen anyone else code this so here is my code. This code lets you input 2 look-back periods for the trend and 1 value for the reversal period. So for example, lets say you want to make sure that the current bar is Higher then 60 bars ago as well as 30 bars ago (2 look-back periods- Slow & Fast), and also the current bar has pulled back 3 bars and is continuing Up on the current bar (Reversal Bar). For this indicator I've used the MAX function so the MAX High or Low is found for the look-back periods. This indicator is an improved version of the original HPT 60min vs 7min trend. If you optimize the look-back periods you may find using a Slow period greater then 60 minutes as best(ie 160 period on 1min bars was found to be better optimal period for the Slow Period). You can play around with the Period settings to see which are best depending on the stock you or futures contract you trade using Ninja's Backtesting and Optimization reports.

(Please NOTE when setting the periods- SLOW PERIOD> FAST PERIOD> REVERSAL BAR or else you will get no arrows.)



I've decided to put all the indicators I make available to you in one folder at Mediafire.

Download HPT's Free NinjaTrader Indicators

The Next indicator I will be giving out is a custom Oscillator with inputs from ADX, BollingerBandwidth, and the CCI.

Custom Trend Indicator for NinjaTrader

I haven't seen anyone else code this so here is my code. This code lets you input 2 look-back periods for the trend and 1 value for the reversal period. So for example, lets say you want to make sure that the current bar is Higher then 60 bars ago as well as 30 bars ago (2 look-back periods- Slow & Fast), and also the current bar has pulled back 3 bars and is continuing Up on the current bar (Reversal Bar). For this indicator I've used the MAX function so the MAX High or Low is found for the look-back periods. This indicator is an improved version of the original HPT 60min vs 7min trend. If you optimize the look-back periods you may find using a Slow period greater then 60 minutes as best(ie 160 period on 1min bars was found to be better optimal period for the Slow Period). You can play around with the Period settings to see which are best depending on the stock you or futures contract you trade using Ninja's Backtesting and Optimization reports.

(Please NOTE when setting the periods- SLOW PERIOD> FAST PERIOD> REVERSAL BAR or else you will get no arrows.)



I've decided to put all the indicators I make available to you in one folder at Mediafire.

Download HPT's Free NinjaTrader Indicators

The Next indicator I will be giving out is a custom Oscillator with inputs from ADX, BollingerBandwidth, and the CCI.

BollingerBandwidth Indicator for NinjaTrader

NinjaTrader didn't have my favorite indicator already pre-built in, so today I made my first custom indicator for NinjaTrader. The BollingerBandwidth indicator is essentially the same as the Standard Deviation indicator already built in.

The Basic Formula for the BollingerBandwidth indicator is:

Bollinger Band Width = (Upper Band - Lower Band)/Middle Band



As you can see, the Bollingerbandwidth indicator drawn matches the underlying Standard Deviation indicator. The direction of the two will always match each other regardless of the parameters used. With the Bollingerbandwidth indicator that I made, the only real thing that is added is a standard deviation parameter which can be used to reduce or amplify the shape of the indicator to match the standard deviation your using on your Bollingerbands. You could come up with a number of ideas to use the extra StdDev. parameter I've added.



In addition to the basic Bollingerbandwidth indicator I made 2 variations of this indicator which I prefer to use over the standard indicator (All 3 indicators shown in chart above). The first variation I made is an indicator which gives you the raw value between the Upper and Lower Bollingerbands.

Bollinger Band Width Raw = Upper Band - Lower Band

This indicator can be used a number of ways. For example, maybe you want to look for trades where there is a move in a stock of XX pts, or maybe you want to look for when the Raw bollingerbandwidth on ES is greater then XX pts.

The next indicator is my favorite variation of this indicator because it tells me the percentage between the upper and lower bollingerbands.

Bollinger Band Width Percent = ((Upper Band / Lower Band) -1) *100

I like to use this indicator because it is the easiest to understand. For example the standard bollingerbandwidth indicator normally gives values between 0.001-0.01, while the BollingerbandwidthPercent indicator gives you a pecentage of the difference between the upper and lower bollingerband, normally between 0.1-2.0% depending on the range of the move in the stock or futures contract. I like to use this indicator with a combination of other indicators for finding low volatility entry areas and high volatility exit areas.

I've made these indicators available for download for Free at MediaFire.com

BollingerBandwidth Indicators

I've created a new website where I will be posting free Ninjatrader Indicators and strategies. My goal is to make a new indicator or strategy once weekly to share with others. If Traders have ideas or suggestions for me please leave a comment.

BollingerBandwidth Indicator for NinjaTrader

NinjaTrader didn't have my favorite indicator already pre-built in, so today I made my first custom indicator for NinjaTrader. The BollingerBandwidth indicator is essentially the same as the Standard Deviation indicator already built in.

The Basic Formula for the BollingerBandwidth indicator is:

Bollinger Band Width = (Upper Band - Lower Band)/Middle Band



As you can see, the Bollingerbandwidth indicator drawn matches the underlying Standard Deviation indicator. The direction of the two will always match each other regardless of the parameters used. With the Bollingerbandwidth indicator that I made, the only real thing that is added is a standard deviation parameter which can be used to reduce or amplify the shape of the indicator to match the standard deviation your using on your Bollingerbands. You could come up with a number of ideas to use the extra StdDev. parameter I've added.



In addition to the basic Bollingerbandwidth indicator I made 2 variations of this indicator which I prefer to use over the standard indicator (All 3 indicators shown in chart above). The first variation I made is an indicator which gives you the raw value between the Upper and Lower Bollingerbands.

Bollinger Band Width Raw = Upper Band - Lower Band

This indicator can be used a number of ways. For example, maybe you want to look for trades where there is a move in a stock of XX pts, or maybe you want to look for when the Raw bollingerbandwidth on ES is greater then XX pts.

The next indicator is my favorite variation of this indicator because it tells me the percentage between the upper and lower bollingerbands.

Bollinger Band Width Percent = ((Upper Band / Lower Band) -1) *100

I like to use this indicator because it is the easiest to understand. For example the standard bollingerbandwidth indicator normally gives values between 0.001-0.01, while the BollingerbandwidthPercent indicator gives you a pecentage of the difference between the upper and lower bollingerband, normally between 0.1-2.0% depending on the range of the move in the stock or futures contract. I like to use this indicator with a combination of other indicators for finding low volatility entry areas and high volatility exit areas.

I've made these indicators available for download for Free at MediaFire.com

BollingerBandwidth Indicators

I've created a new website where I will be posting free Ninjatrader Indicators and strategies. My goal is to make a new indicator or strategy once weekly to share with others. If Traders have ideas or suggestions for me please leave a comment.

HPT 7min Vs 60min Trend Indicator for NinjaTrader Software

As many of you know, I'm testing out NinjaTrader to backtest my Quotetracker strategies.
Making custom indicators for NinjaTrader reminds me of when I was taking my first Visual Basic class. You basically spend 10min making the indicator and hours debugging for errors you've made.

I just got done setting up the basic 7min vs 60min Trend Signals for NinjaTrader; an indicator that I've given out in my basic Quotetracker Chart setup.


I did notice some small discrepanices for this indicator between Quotetracker and NinjaTrader as you can see from the LONG red arrows in the above chart.

I tried posting the code here, but BLOGGER has issues with the code and it doesn't post correctly, so I've put a Free Download link to the "HPT Seven Vs Sixty Minute Indicator" and I've added this indicator to my free download section.

Note- This file is written in C#. If you don't have NinjaTrader you can still view this file by unzipping the file and opening it with Notepad or Visual Studio.

Additionally, this indicator may be improved upon by using the MAX and MIN function in ninjatrader for finding the 60min high and 60min low respectively, as opposed to how I wrote the code (ie. High[60] , Low[60]). Based on how I wrote the code, I don't believe adding the MAX/MIN function will make a big difference, because it also looks back to the 30 period bar. I will likely improve this indicator in the future. If anyone has any suggestions or ideas, please leave a comment.

HPT 7min Vs 60min Trend Indicator for NinjaTrader Software

As many of you know, I'm testing out NinjaTrader to backtest my Quotetracker strategies.
Making custom indicators for NinjaTrader reminds me of when I was taking my first Visual Basic class. You basically spend 10min making the indicator and hours debugging for errors you've made.

I just got done setting up the basic 7min vs 60min Trend Signals for NinjaTrader; an indicator that I've given out in my basic Quotetracker Chart setup.


I did notice some small discrepanices for this indicator between Quotetracker and NinjaTrader as you can see from the LONG red arrows in the above chart.

I tried posting the code here, but BLOGGER has issues with the code and it doesn't post correctly, so I've put a Free Download link to the "HPT Seven Vs Sixty Minute Indicator" and I've added this indicator to my free download section.

Note- This file is written in C#. If you don't have NinjaTrader you can still view this file by unzipping the file and opening it with Notepad or Visual Studio.

Additionally, this indicator may be improved upon by using the MAX and MIN function in ninjatrader for finding the 60min high and 60min low respectively, as opposed to how I wrote the code (ie. High[60] , Low[60]). Based on how I wrote the code, I don't believe adding the MAX/MIN function will make a big difference, because it also looks back to the 30 period bar. I will likely improve this indicator in the future. If anyone has any suggestions or ideas, please leave a comment.

HPT's QuoteTracker Chart Setup Video Tutorial

QuoteTracker Chart Setup File- (HPT's Basic Chart setup with indicators)

NOTE- If you already have a backup file in QT, save your own BACKUP FILE first(make a copy, paste on desktop, rename it to your liking to go back to at a later time).

If the download above does not work here is the code for the paintbars

here is the buy signal-

if Bar High>bar high[30] and Bar High>bar high[60] and bar low<bar low[7] and bar high>bar high[1] set color to Blue

sell signal-

if bar low<bar low[30] and bar low<bar low[60] and bar low<bar low[1] and bar high>bar high[7] set color to Red

It took me 2 hours to figure out how to paste this code in blogger- Next time I will know I have to use a Parse service and then Block Quote the selected code in order for blogger to display it properly.

HPT's QuoteTracker Chart Setup Video Tutorial

QuoteTracker Chart Setup File- (HPT's Basic Chart setup with indicators)

NOTE- If you already have a backup file in QT, save your own BACKUP FILE first(make a copy, paste on desktop, rename it to your liking to go back to at a later time).

If the download above does not work here is the code for the paintbars

here is the buy signal-

if Bar High>bar high[30] and Bar High>bar high[60] and bar low<bar low[7] and bar high>bar high[1] set color to Blue

sell signal-

if bar low<bar low[30] and bar low<bar low[60] and bar low<bar low[1] and bar high>bar high[7] set color to Red

It took me 2 hours to figure out how to paste this code in blogger- Next time I will know I have to use a Parse service and then Block Quote the selected code in order for blogger to display it properly.

Downloads

QuoteTracker Chart Setup File- (HPT's Basic Chart setup with indicators)

NOTE- If you already have a backup file in QT, save your own BACKUP FILE first(make a copy, paste on desktop, rename it to your liking to go back to at a later time).

For more info, go to My Quote Tracker Chart Setup page.

HPT ATS Perl Script - (script needed for automated trade system)

For more info, go to my Free Automated Trading System page.

HPT's 7 vs 60min Trend indicator for NinjaTrader .

For more info, go to my "HPT 7min Vs 60min Trend Indicator page"

Downloads

QuoteTracker Chart Setup File- (HPT's Basic Chart setup with indicators)

NOTE- If you already have a backup file in QT, save your own BACKUP FILE first(make a copy, paste on desktop, rename it to your liking to go back to at a later time).

For more info, go to My Quote Tracker Chart Setup page.

HPT ATS Perl Script - (script needed for automated trade system)

For more info, go to my Free Automated Trading System page.

HPT's 7 vs 60min Trend indicator for NinjaTrader .

For more info, go to my "HPT 7min Vs 60min Trend Indicator page"

March 9th 2007 trading summary

Well, if I had taken my signals that I've designed I would have made a lot more money today. I really really need to work on this. I actually went short when I got a long signal from my indicator, and guess what happened, ER2 rallied against my short, just like my indicator predicted. First mistake of the day was by entering a short when we weren't above VAH. So, I added to the short at VAH and things rolled over and I made some profit. That's all fine and dandy but I missed out on the big picture. I could have made 5x as much money if I had stayed focused after booking my first profit for the day. Instead I was thinking that since I made a decent profit for the day that I should just quit for the day and be thankful for what I made since it was hard to make to begin with. Well, I was still in the trading zone, and I should have shorted again after the short covering pop, but instead I sat back and watched and placed the trades in my head. In the afternoon I gained some courage and realized that I should be more active and try to take my signals. So I went long on the 3pm reversal and got a little extra profit; however the trade took 1pt of heat and all I was thinking in the back of my head was how much it was going to suck if I lost all my profit for the day on this trade. I initially put in a 1pt stop, but canceled it because things were choppy and I knew that the shorts would cover as soon as the large ask at 782.7 was taken out, and that it was only a matter of time because the other indices and sectors were growing strength to the upside. I'm not sure why ER2 popped 3 pts in the final 2 minutes of trading, just another reason why I like to be done trading by 3:30pm EST.

Edit: OOPS, I traded the march contract today which is going to expire, and I just now noticed the June contract had 3x as much volume today. I was watching each day to see which contract had more volume, and I guess the majority of traders rolled over to the new contract today or yesterday. I was wondering why the volume bars on ES, ZN, ZF, and ER2 started looking messed up.

What I messed up on today was:
1.Didn't listen to signals
2.Didn't use 0.7pt stop on my "gut feeling trade"
3.Stopped trading after I got a good profit, only to miss the best move there after which would have profited me 5x as much money.
4.Became impatient and moved profit targets to "just exit the trade for a profit before it reverses again", when both times my profit targets would have been hit, which would have given me 1/3 more profits.
5.Didn't watch NQ or SMH for divergences between ER2
6.Watched Citigroup too much instead of ER2

What I did right:
1.I shorted near the VAH
2.I waited before adding to my loser short instead of getting angry and adding to it a few minutes later.(I should have cut the short altogether, eventually I'll get better)
3.I bought the 3pm reversal and held it even though I felt like the trade should have worked sooner.

Interesting things noticed today:
1.All of the market breadth indicators for all the exchanges do not help me except NYSE TICK and NYSE Advance/Declining issues.
*I noticed something new on NYSE A/D today, which was market volatility spikes and reversals occured when the NYSE A/D penetrated a support/resistance zone.(See the chart below)

Here's the chart of my new strategy called: Nyse advance/decline mid-day breakout fade strategy.


For the week, I did good overall-
Things I need to work on:
1.Trade your signals according to your volume profile methodology.
2.Trade more actively.
3.Pay attention to your ER2 chart, and don't make trading decisions based off of something you see happening in one individual stock.
4.Keep your profit targets.

Things I accomplished this week:
1.I found a new NYSE A/D strategy.
2.I made a new indicator that is good at picking tops and bottoms and refined my ER2 chart setup even more to my liking.
3.I made 3 videos which I will get to review to practice on.
4.I made money.

Things to do this Weekend-
1.Review recordings
2.Refine charts
3.Look at NYSE A/D strategy
4.Look at first hour of trading volume spikes in relation to volume profile
5.Make audible paintbar alerts for my trading signals

I just spent the last 7 hours working on my indicators and what I'm looking for on my charts. This is a never-ending process. Idea's currently: ADX, price high/low, price channel, volume, parabolic SAR trend. Notice reversals occur when ADX is flat. Still, all the indicators tell you the same thing, I'm just trying to make things visually easiest for myself when I want a signal confirmation for a trade.





The main focus of these charts is to look at ADX when it is near its low levels (red dot paintbar signal), then look at volume, then look at the price channel, and then look at what happens with price after the signal is given. Also look at the high points of the ADX in the chart and the corresponding volume seen near these high levels.

Things to do:
Look at NYSE TICK values and corresponding volume seen with different ADX values.
Brainstorm Market profile strategies in conjuction with my own technical analysis strategies.