Thank you for Indicators-Good job guys!

[LG]

I haven't checked out the NT support forum in a while, and I just discovered that a whole bunch of my favorite indicators have been programmed and donated to the NT Forum. (Ray, I hope some of these guys are your employees, because they deserve to be paid for the great work they are doing.) I'm particularly enthused to see the TTM Squeeze and other TTM indicators, and the various TRO indicators.

Somewhere, somehow, there should be more info for the non-programmers among us about the fact that this is available, and how to easily import someone else's indicators in your NT. Maybe a monthly "What's New in NinjaTrader" webinar or email notice?

Meanwhile, thank you, thank you.

[NinjaTrader_Ray]

Thanks for the suggestion, that makes sense.

[bertg]

could you please point me to the link for the TTM squeeze indicator?

Thanks!

[NinjaTrader_Ray]

This indicator has been removed since its proprietary to Trade The Markets. TTM will have available NinjaTrader based indicators for purchase in the near future.

[richa61416]

I am thinking in terms of NON programmers. Would it not be easy for NON programmers to have a GUI interface like the Wizard for creating strategies, to setup some indicators?
E.g. if I wanted a simple indicator to indicate when there is a hughe change in price and volume between 2 bars, I have to breakout hard code. Nonprogrammers shouldn't have to go through coding to have a Diamond painted on a chart for something like this.

[NinjaTrader_Ryan]

Hi Richa61416:

Thank you for taking the time to suggest an option for an Indicator Wizard similar to the Strategy Wizard.

We will add this to our list of possible future enhancements to the NT application.

Best regards,

[marketmasher]

I think Ninja Trader is potentially a killer-app except for (IMO) the hurdles for non-programmers. The contributions to the forum are excellent, but there is no substitute for implementing ideas on your own, especially if they are proprietary or if you are bound by non-disclosures to not reveal methods.

The lower the hurdle can be made for those who wish to focus on their trading rather than having to learn C/.net type coding to code more complicated indicators and strategies, the larger the audience will be for NT. (again IMO).

While I admire those who can work effectively in the current environment, I think most would agree that it is a much smaller group than would otherwise be using the software were the coding knowledge requirements not so involved.

[NinjaTrader_Ray]

Hi marketmasher,

Thanks for providing us your thoughts.

We have considered and are still considering a UI driven indicator construction. What's held us back is that there is limited amounts of things you can do with a point and click approach to indicator construction. Its possible that people can quickly run into limitations and would be forced to revert to manually programming their ideas.

Either way, its on our list and we will give it consideration.

[marketmasher]

Thanks for the reply NinjaTrader_Ray. I am not putting NT down, by the way - I think you guys have done a great job and the forum posters and posts are extremely helpful.

But while I fully understand what you mean about the limits of a UI interface, I was more leaning toward a type of "meta" language that is a bit easier on us non-programmers.

In the pyramid of programming skills, guys/gals who can do C/.net coding are much closer to the top than guys who know languages like those in MetaStock or TradeStation. While it shows a higher level of skill to be higher up that food-chain, it also means the audience is smaller when thought of in terms of accessibility/ease-of-use for the charting platform.

The MetaStock/EL programmer-type audience has been built up over a large number of years and is a large pool of potential users. One charting package (MC) saw that and decided to tap into that pool.

Some enjoy learning a new programming language, while some don't. Some would rather the bulk of their time go to their trading education. You may not need to lower the programming hurdle to point-and-click, but I believe the largest audience is not going to be found at the top of the programmer pyramid.

Best wishes for continued NT success!

[dgregor5]

Hi NT:
Any news on when TTM indicators will be available for purchase for use on NT ?

thx
DG

[NinjaTrader_Ray]

You would need to ask TTM. I know they are in testing right now.

[dwt__]

I find it interesting that NT pulled the squeeze code from the forum. Turns out that this concept was pioneered a couple years ago on the TradeStation forum, then "appropriated" by TTM. It's still freely available there (emphasis on free).

Regards.

dwt

[sbgtrading]

Is this their "squeeze" indicator?:

http://www.tradethemarkets.com/public/729.cfm

[dwt__]

Yep, that's it.

If you have access to the TradeStation forums, search there for
_BB SQUEEZE.ELD

If it's not identical to the TTM version, the differences are too minor to note, and of course it's in the public domain.

Regards.

dwt

[mwyatt]

Other sources for the code are at:

http://www.forexproject.com/forex_knowledge_base/Where_can_I_get_your_eSignal_Squeeze_Indicator?/
http://www.forexproject.com/Blog/Investing_and_Trading/TTM_Squeeze_Indicator_Update/
http://www.traderslaboratory.com/forums/f46/bb-squeeze-replica-for-tradestation-662.html

Note: this is not the exact TTM squeeze, but apparently is very close i.e histogram smoothing is not the same as TTM. Based on various posts, this looks an awesome indicater. Would be cool if it was coded up for ninja!

[steveg]

Ray,
I believe TTM (Trade the Markets) has modified their Squeeze indicator to work on Ninja. Is it available to us? Thanks in advance.

[NinjaTrader_Ray]

TTM would be the best person to ask...I unfortunately do not know where they are at with their development.

[SimonFX]

I like everything about NT, the only thing I would love to see is better Fib re-tracement and Expansion tools. A few other programs have much more flexible and powerfull way to draw fibs. I hope NT will create a set of well designed Fib tools, I dont think they realize how much that would increase demand for their platform.

Simon.

[NinjaTrader_Josh]

Hi SimonFX,

Thanks for the suggestions. What do you mean exactly by "more powerful"? Thanks.

[SimonFX]

Hi Josh, you are right "powerful" is not the best word to describe what I was talking about, will give it another shot.
I know some forums do not allow mentioning of other software, so I wont, but a few other programs that I use allow me to adjust, change or remove levels, and save those tools, like Fib retr. and Fib Ext. with different settings, so I can use the type of a tool that I need for calculation I am doing for that particular swing. I dont have to go to main menu of that tool and change everything because in a few minutes I will need original parameters of that tool. If I am doing re-tracements of a swing, all I need is internal levels, and if I need a price projection, than all I need is external ones, and since Fib work is all about confluence, I need to use the tool 3-4 times, and by leaving all those levels on the chart makes it hard to read, and it is very time consuming to change those parameters for every new projection.
Obviously those other programs lack some great features of NT, that's why I would love to see NT create Fib tools which can be saved with custom settings, so when pointer stops on Fib retracement lets say, another small menu appears on the right with a selection of my custom created and saved tools.

Thanks,
Simon.

[NinjaTrader_Josh]

In NT6.5 you can change settings of the fib tools too. Double click on the object after it is drawn to bring up its properties menu. Currently there is the option to set a default for whatever settings you like.