This is a Video I made showing automated trades being sent from NinjaTrader to Bracket Trader to Interactive Brokers
Showing posts with label NinjaTrader. Show all posts
Showing posts with label NinjaTrader. Show all posts
Wednesday, 13 October 2010
Automated Trade System From NinjaTrader to Bracket Trader to Interactive Brokers
This is a Video I made showing automated trades being sent from NinjaTrader to Bracket Trader to Interactive Brokers
How to Setup an Automated Trade System From NinjaTrader to ZeroLine Trader
There are several reasons why someone might want to use ZeroLine Trader over NinjaTraders built in Trade Management software. You may like Zeroline Trader's trade management software over Ninjatraders ATM software because it is easy to use and you can customize your strategies in Zeroline Trader to your liking. You may also be using Zeroline Trader over NinjaTrader because you don't want to pay to have to use NinjaTrader but you like the charts and strategies that you've designed. Many people will install NinjaTrader and develop an automated trade system but never go live with it because of the extra fee's it costs to use NinjaTraders Trade management software. If you are client of Interactive Brokers there is a simple way around those fees by using another 3rd party application to manage the trade like ZeroLine Trader.
What you can do is setup an automated trade system in NinjaTrader and instead of using NinjaTrader trade management software, you send an email out to ZeroLine Trader to place the trade for you, and then ZeroLine Trader sends the order to Interactive Brokers. Using the Perl script I've written, and with a little bit of coding, this is a very simple setup and gives you a fully functional automated trade system for Ninjatrader through Interactive Brokers without the extra cost of having to own Ninjatrader or pay the extra cost for placing each trade. Having the automated trade system run directly through Ninjatrader to Interactive Brokers will be slightly faster and may be slightly easier to setup; however, using ZeroLine Trader as a middleman to save on the extra fee's may be worth it.
Here are the Downloads you will need-
NinjaTrader
Charting and Trading Platform
ZeroLine Trader - Trade Management Software
Mailenable - Free Mail Server
ActiveState Perl - Free Scripting Software
HPT's ZeroLine Trader Perl Script - An email client that checks your email and enters a trade into ZeroLine Trader when a new alert is found in NinjaTrader
Interactive Broker’s TWS Demo - A Free Demo account with Interactive Brokers
Visual C++ 2005 from Microsoft -This is software required by the InteractiveBrokers API to register properly
What you can do is setup an automated trade system in NinjaTrader and instead of using NinjaTrader trade management software, you send an email out to ZeroLine Trader to place the trade for you, and then ZeroLine Trader sends the order to Interactive Brokers. Using the Perl script I've written, and with a little bit of coding, this is a very simple setup and gives you a fully functional automated trade system for Ninjatrader through Interactive Brokers without the extra cost of having to own Ninjatrader or pay the extra cost for placing each trade. Having the automated trade system run directly through Ninjatrader to Interactive Brokers will be slightly faster and may be slightly easier to setup; however, using ZeroLine Trader as a middleman to save on the extra fee's may be worth it.
Here are the Downloads you will need-
Charting and Trading Platform
How to Setup an Automated Trade System From NinjaTrader to ZeroLine Trader
There are several reasons why someone might want to use ZeroLine Trader over NinjaTraders built in Trade Management software. You may like Zeroline Trader's trade management software over Ninjatraders ATM software because it is easy to use and you can customize your strategies in Zeroline Trader to your liking. You may also be using Zeroline Trader over NinjaTrader because you don't want to pay to have to use NinjaTrader but you like the charts and strategies that you've designed. Many people will install NinjaTrader and develop an automated trade system but never go live with it because of the extra fee's it costs to use NinjaTraders Trade management software. If you are client of Interactive Brokers there is a simple way around those fees by using another 3rd party application to manage the trade like ZeroLine Trader.
What you can do is setup an automated trade system in NinjaTrader and instead of using NinjaTrader trade management software, you send an email out to ZeroLine Trader to place the trade for you, and then ZeroLine Trader sends the order to Interactive Brokers. Using the Perl script I've written, and with a little bit of coding, this is a very simple setup and gives you a fully functional automated trade system for Ninjatrader through Interactive Brokers without the extra cost of having to own Ninjatrader or pay the extra cost for placing each trade. Having the automated trade system run directly through Ninjatrader to Interactive Brokers will be slightly faster and may be slightly easier to setup; however, using ZeroLine Trader as a middleman to save on the extra fee's may be worth it.
Here are the Downloads you will need-
NinjaTrader
Charting and Trading Platform
ZeroLine Trader - Trade Management Software
Mailenable - Free Mail Server
ActiveState Perl - Free Scripting Software
HPT's ZeroLine Trader Perl Script - An email client that checks your email and enters a trade into ZeroLine Trader when a new alert is found in NinjaTrader
Interactive Broker’s TWS Demo - A Free Demo account with Interactive Brokers
Visual C++ 2005 from Microsoft -This is software required by the InteractiveBrokers API to register properly
What you can do is setup an automated trade system in NinjaTrader and instead of using NinjaTrader trade management software, you send an email out to ZeroLine Trader to place the trade for you, and then ZeroLine Trader sends the order to Interactive Brokers. Using the Perl script I've written, and with a little bit of coding, this is a very simple setup and gives you a fully functional automated trade system for Ninjatrader through Interactive Brokers without the extra cost of having to own Ninjatrader or pay the extra cost for placing each trade. Having the automated trade system run directly through Ninjatrader to Interactive Brokers will be slightly faster and may be slightly easier to setup; however, using ZeroLine Trader as a middleman to save on the extra fee's may be worth it.
Here are the Downloads you will need-
Charting and Trading Platform
Tuesday, 23 February 2010
TICK ZOOM - new trading platform, better then NinjaTrader?
TickZOOM - A new trading Platform claiming to be better the NinjaTrader and Tradestation
Here is a comparison chart from there website-
For the Price, I think I will stay with Tradestation/NinjaTrader/Multicharts.
Here is a comparison chart from there website-
TICK ZOOM - new trading platform, better then NinjaTrader?
TickZOOM - A new trading Platform claiming to be better the NinjaTrader and Tradestation
Here is a comparison chart from there website-
For the Price, I think I will stay with Tradestation/NinjaTrader/Multicharts.
Here is a comparison chart from there website-
Wednesday, 1 July 2009
NinjaTrader Connect- Login Failed
Ever have a problem connecting to your data feed when using Ninjatrader while simultaneously using QuoteTracker? If you have quotes running on QT before you connect to your data feed on Ninjatrader you may get a connection login failed. In order to resolve this, stop the quotes in QT, then restart Ninjatrader and connect your data feed in Ninjatrader first, then start quotes in QuoteTracker.
NinjaTrader Connect- Login Failed
Ever have a problem connecting to your data feed when using Ninjatrader while simultaneously using QuoteTracker? If you have quotes running on QT before you connect to your data feed on Ninjatrader you may get a connection login failed. In order to resolve this, stop the quotes in QT, then restart Ninjatrader and connect your data feed in Ninjatrader first, then start quotes in QuoteTracker.
Wednesday, 24 June 2009
NinjaTrader 7 ,,,,still waiting
They first said December 2008, then they said the end of 1st quarter 2009, then they said the end of June 2009. Now NinjaTrader has pushed back the new release until the end of 2009 with a Beta release in September. Although I was expecting NT to fail again due to their history, they gave me some hope by showing me the new improvements at the NT 7 update webpage. I'm most excited about the multiseries data plot and indicators based on different data series.
NinjaTrader 7 ,,,,still waiting
They first said December 2008, then they said the end of 1st quarter 2009, then they said the end of June 2009. Now NinjaTrader has pushed back the new release until the end of 2009 with a Beta release in September. Although I was expecting NT to fail again due to their history, they gave me some hope by showing me the new improvements at the NT 7 update webpage. I'm most excited about the multiseries data plot and indicators based on different data series.
Thursday, 21 May 2009
Automated Trade System Review using QuoteTracker
The Pro's and Cons of an Automated trading system for Quotetracker.
Pro's-
1.Its a FREE way to learn how to trade via an ATS.(you can trade on the simulator with no worries and learn how to improve your trade management)
2.You can make (or lose) money with it.
Con's-
1. It is terribly slow on execution because the orders are sent via perl script from quotetracker to bracket trader to Interactive Brokers.(4-8 seconds to get a market order filled).
2. Mailenable; the trade email server reader, may be liable for getting hacked from what I've read, but I don't really understand it at this point in time.
3. The orders sent via bracket trader would get messed up sometimes. This could be a broker related issue, ie- a bracket trade would be sent to IB and sometimes the trade wouldn't execute or the order would be shown stuck as pending on IB's TWS.
4. No maximum loss, or daily loss parameter is available with the bracket trader trade execution manager.(this is more of a broker issue I have, as I think IB should setup a max daily loss amount like Open E-cry has, instead of just the auto-liquidate last feature, to fix this problem you could use ButtonTrader trade managment software, but who wants to pay monthly for a service that should be free)
Conclusion- I've talked to many people that liked how the QT ATS worked and how easy it was to setup. For me, I wanted a system that executed trades faster and was more reliable and that could be backtested. Whether you use QuoteTracker or not, if you don’t have a backtested profitable trading system, then it’s not going to matter how fast the ATS is. A faster trading ATS platform doesn't necessarily mean a better trading system. It is hard to develop a profitable scalping system on a millisecond to second execution level, add in the costs of commission and the average risk for each scalp, and you'll see that systems on a higher time frame are more likely to be profitable.
PS- I'm also using Ninjatrader for making custom trading systems, its free to try out for as long as you want. You can backtest and see how your system does and it has many features which enable you to optimize your strategy, and you can code in a max daily loss amount to avoid blowups in-case your ATS isn't trading well.
UPDATED 9/25/2009
Pro's-
1.Its a FREE way to learn how to trade via an ATS.(you can trade on the simulator with no worries and learn how to improve your trade management)
2.You can make (or lose) money with it.
Con's-
1. It is terribly slow on execution because the orders are sent via perl script from quotetracker to bracket trader to Interactive Brokers.(4-8 seconds to get a market order filled).
2. Mailenable; the trade email server reader, may be liable for getting hacked from what I've read, but I don't really understand it at this point in time.
3. The orders sent via bracket trader would get messed up sometimes. This could be a broker related issue, ie- a bracket trade would be sent to IB and sometimes the trade wouldn't execute or the order would be shown stuck as pending on IB's TWS.
4. No maximum loss, or daily loss parameter is available with the bracket trader trade execution manager.(this is more of a broker issue I have, as I think IB should setup a max daily loss amount like Open E-cry has, instead of just the auto-liquidate last feature, to fix this problem you could use ButtonTrader trade managment software, but who wants to pay monthly for a service that should be free)
Conclusion- I've talked to many people that liked how the QT ATS worked and how easy it was to setup. For me, I wanted a system that executed trades faster and was more reliable and that could be backtested. Whether you use QuoteTracker or not, if you don’t have a backtested profitable trading system, then it’s not going to matter how fast the ATS is. A faster trading ATS platform doesn't necessarily mean a better trading system. It is hard to develop a profitable scalping system on a millisecond to second execution level, add in the costs of commission and the average risk for each scalp, and you'll see that systems on a higher time frame are more likely to be profitable.
PS- I'm also using Ninjatrader for making custom trading systems, its free to try out for as long as you want. You can backtest and see how your system does and it has many features which enable you to optimize your strategy, and you can code in a max daily loss amount to avoid blowups in-case your ATS isn't trading well.
UPDATED 9/25/2009
Automated Trade System Review using QuoteTracker
The Pro's and Cons of an Automated trading system for Quotetracker.
Pro's-
1.Its a FREE way to learn how to trade via an ATS.(you can trade on the simulator with no worries and learn how to improve your trade management)
2.You can make (or lose) money with it.
Con's-
1. It is terribly slow on execution because the orders are sent via perl script from quotetracker to bracket trader to Interactive Brokers.(4-8 seconds to get a market order filled).
2. Mailenable; the trade email server reader, may be liable for getting hacked from what I've read, but I don't really understand it at this point in time.
3. The orders sent via bracket trader would get messed up sometimes. This could be a broker related issue, ie- a bracket trade would be sent to IB and sometimes the trade wouldn't execute or the order would be shown stuck as pending on IB's TWS.
4. No maximum loss, or daily loss parameter is available with the bracket trader trade execution manager.(this is more of a broker issue I have, as I think IB should setup a max daily loss amount like Open E-cry has, instead of just the auto-liquidate last feature, to fix this problem you could use ButtonTrader trade managment software, but who wants to pay monthly for a service that should be free)
Conclusion- I've talked to many people that liked how the QT ATS worked and how easy it was to setup. For me, I wanted a system that executed trades faster and was more reliable and that could be backtested. Whether you use QuoteTracker or not, if you don’t have a backtested profitable trading system, then it’s not going to matter how fast the ATS is. A faster trading ATS platform doesn't necessarily mean a better trading system. It is hard to develop a profitable scalping system on a millisecond to second execution level, add in the costs of commission and the average risk for each scalp, and you'll see that systems on a higher time frame are more likely to be profitable.
PS- I'm also using Ninjatrader for making custom trading systems, its free to try out for as long as you want. You can backtest and see how your system does and it has many features which enable you to optimize your strategy, and you can code in a max daily loss amount to avoid blowups in-case your ATS isn't trading well.
UPDATED 9/25/2009
Pro's-
1.Its a FREE way to learn how to trade via an ATS.(you can trade on the simulator with no worries and learn how to improve your trade management)
2.You can make (or lose) money with it.
Con's-
1. It is terribly slow on execution because the orders are sent via perl script from quotetracker to bracket trader to Interactive Brokers.(4-8 seconds to get a market order filled).
2. Mailenable; the trade email server reader, may be liable for getting hacked from what I've read, but I don't really understand it at this point in time.
3. The orders sent via bracket trader would get messed up sometimes. This could be a broker related issue, ie- a bracket trade would be sent to IB and sometimes the trade wouldn't execute or the order would be shown stuck as pending on IB's TWS.
4. No maximum loss, or daily loss parameter is available with the bracket trader trade execution manager.(this is more of a broker issue I have, as I think IB should setup a max daily loss amount like Open E-cry has, instead of just the auto-liquidate last feature, to fix this problem you could use ButtonTrader trade managment software, but who wants to pay monthly for a service that should be free)
Conclusion- I've talked to many people that liked how the QT ATS worked and how easy it was to setup. For me, I wanted a system that executed trades faster and was more reliable and that could be backtested. Whether you use QuoteTracker or not, if you don’t have a backtested profitable trading system, then it’s not going to matter how fast the ATS is. A faster trading ATS platform doesn't necessarily mean a better trading system. It is hard to develop a profitable scalping system on a millisecond to second execution level, add in the costs of commission and the average risk for each scalp, and you'll see that systems on a higher time frame are more likely to be profitable.
PS- I'm also using Ninjatrader for making custom trading systems, its free to try out for as long as you want. You can backtest and see how your system does and it has many features which enable you to optimize your strategy, and you can code in a max daily loss amount to avoid blowups in-case your ATS isn't trading well.
UPDATED 9/25/2009
Sunday, 17 May 2009
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
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
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 bandsFree Starc Bands indicator download for ninjatrader
Friday, 23 January 2009
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
Friday, 16 January 2009
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.
Wednesday, 31 December 2008
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.
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.
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.