Professional Trader Class Free NinjaTrader Indicators
"Thank you for putting these indicators together for us. I didn't have thousands to spend on new systems and indicators when I was starting to learn to trade, and your indicators, tutorials, and videos helped me get started without having to spend thousands" (Frank H., Futures Trader)
Most vendors only give you their "scraps" when publishing free tools. But these free and powerful indicators for Ninjatrader can be easily understood, and readily used as a part of a rules based trading system. Each of these NinjaTrader indicators is yours - free, with no strings attached. Each one comes with helpful training videos to help you learn how to use them, and how to start forward and backtesting them live with your simulator account to verify their performance.
Choose from any of the following free, Professional-Class NinjaTrader indicators with immediate access to the files with no cost to you. Follow our training videos, and start building your own rules based trading system today!
The following indicators are made freely available to you via our NinjaTrader Unplugged Series of free Ninjatrader indicators, chart templates, and online tutorials!
EMA Slope Color Tool
The EMA Slope Color tool is a powerful professional grade NinjaTrader indicator that monitors the trend of any market you are following, using an "Exponential" moving average. An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. It's also known as the exponentially weighted moving average. This type of moving average reacts faster to recent price changes than a simple moving average which removes a substantial amount of "lag" from its readings. There are several rules based systems this NinjaTrader indicator can produce, including the popular "TLR" setup, or "Trend-Line-Rejection" trade.
Divergence Input Series Tool
This professional grade NinjaTrader indicator monitors market "divergence", and produces (in real time) signals that can be identified and used for entries, stops, and targets as part of a back tested trading plan. In technical analysis, traders make transaction decisions by identifying situations of divergence, where the price of something and a set of relevant indicators, such as the MACD or Volume, are moving in opposite directions. Divergence can be positive or negative. Either direction is a signal of a major shift in the direction of the price. This NinjaTrader indicator provides real time arrow signals that you can act on to trade with in any market or time frame, in futures, forex, or equities markets.
Oscillator Alert Tool
Perhaps our best, and most powerful free NinjaTrader indicator. An oscillator is a technical analysis tool that is banded between two extreme values and built with the results from a trend indicator for discovering short-term overbought or oversold conditions. As the value of the oscillator approaches the upper extreme value, the asset is deemed to be overbought, and as it approaches the lower extreme, it is deemed to be oversold. This NinjaTrader indicator monitors when an oscillator (of your choosing) begins to change direction, and plots a powerful up or down arrow indicating that a shift in momentum has occurred - providing real time potential trade entry signals for free. Similar indicators cost between $500 and $1000 online - but this Ninjatrader indicator is yours for free, today.
Dynamic Support and Resistance Tool
In technical analysis, support and resistance is a concept that the movement of the price of a market will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level. This professional class Ninjatrader indicator excels at identifying, in advance, the levels the market you trade are most likely to cause "pivots", that is to say, hit the level - pause - and then reverse back in the opposite direction. We suggest you put your DOM in simulator mode, and practice buying and selling at these levels - with more advanced traders watching for breakouts between one level to the next for added complexity and opportunity.
Divergence Spotter Tool
Divergence is definitely the most complicated of analyses for the newer trader - but made much easier to study with this tool. Divergence occurs when an indicator and the price of an asset are heading in opposite directions. Negative divergence happens when the price of a security is in an uptrend and a major indicator - such as the moving average convergence divergence (MACD), price rate of change (ROC) or relative strength index (RSI) - heads downward. Conversely, positive divergence occurs when the price is in a downtrend but an indicator starts to rise. These are usually reliable signs that the price of an asset may be reversing. This very powerful, and very free NinjaTrader indicator allows you to monitor any indicator you want against your chart's price action for divergence, and places a powerful entry signal once that divergence is detected. Test this signal as part of your trading plan to see if the signals are a good fit for your trading personality.
A trend is the general direction of a market or of the price of an asset, and trends can vary in length from short to intermediate, to long term. The Supertrend Tool is perhaps the most powerful of all free NinjaTrader indicators for trend trading, and incoporates an element of volatility in it's "ATR" or Average True Range base. This indicator incorporates entries, direction, as well as a trailing stop line which are based in part on how fast your market is moving - or it's "volatility". This means as the market is moving faster - your target and stop size increases. As it quiets and consolidates, your risk and reward similarly shrink. We advise you use the SuperTrend Ninjatrader indicator in conjunction with the EMA Slope Color indicator for a fully functional trend trading system that you can back, and forward test as part of your trading plan.