The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis that measures the speed and change of price movements. RSI oscillates between zero and 100 and is typically used to identify overbought or oversold conditions.
Many times we get a situation where we want to plot some lines on the chart. Sometimes these lines need to come on and off and when they would come off their value would be zeroed out or they might become irrelevant such as become n/a.
It has been a long time question and I was thinking on dedicating a proper page to this topic and procrastinating this discussion for years until I remembered that I have a blog!!!))
Let's imagine you are someone who knows nothing about coding and strategy development. An absolute blank or as we say "tabula rasa". Where should one start?
NinjaTrader offers and amazing opportunity for all of us! It has a wide community and you are free to make products and grow together with the platform.
I decided to make a quick guide on how this works in this post since I do get this asked quite often and honestly it was a bit confusing right from the start on how this actually works.
Hello guys! Before I start a long story for this post I really want to thank the support team from NinjaTrader who have helped a lot to clarify the further discussed topic and more than that have actually clarified and helped with far more questions so a big thank you for all of them if any are reading this post!
Hello guys! I have finally managed to put myself together and present you with a really interesting indicator that I have been planning to develop for ages!
We all know of divergence concepts where we can analyse different market indicators against price or against each other to figure out whether the market still has remaining momentum to move in the desired direction or whether it is possibly running out of power!
DI+ DI- is a great play around indicator that I built for NinjaTrader. It is based on a few very simple yet effective concepts Welles Wilder came up with ages ago. You can build quite a few strategies using these indicators and apply them as filters and tools in quite a few trading scenarios.