Latest version of NinjaTrader extends “Order Flow +” lineup

Maria Nikolova

The newest version of the platform gets equipped with Order Flow Volume Profile Indicator & Drawing Tool.

After the release of the first “Order Flow +” tools on NinjaTrader earlier this year, the specialist in trade simulation, advanced charting, market analytics and backtesting is now expanding the suite of such tools.

The latest version (8.0.15.0) of the platform is equipped with a number of new indicators and drawing tools that are set to appeal to tech analysis fans. NinjaTrader now offers Order Flow Volume Profile Indicator & Drawing Tool. This is a comprehensive advanced analysis technique that displays the distribution of trading volume over price for a specified time range revealing significant levels of support and resistance. The tools offer:

  • Multiple visualization modes;
  • Plot volume, delta, ticks or price;
  • Display point of control and value areas.

The platform now also enables traders to make use of Polygon drawing tool and Time Cycles drawing tool. The Time Cycle is an analytical drawing tool used to identify cyclical price activity – repeating high and low price patterns. This analysis is based on the premise that a market’s price activity behaves in patterns.

NinjaTrader has also added the McClellan Oscillator indicator. This is one of the handful of indicators that are based on market metrics other than price. The McClellan Oscillator provides an indicator based on market breadth which technical analysts can use in combination with other market variables to generate profitable trade orders.

The latest version of NinjaTrader also makes the Relative Vigor Index (RVI) indicator available to users of the platform. This is a technical analysis indicator that measures the strength of a trend by comparing a security’s closing price to its price range and smoothing the results using an exponential moving average (EMA). The analysis is based on the assumption that prices tend to close higher than they open in uptrends, and closer lower than they open in downtrends.

The latest platform release also adds the “wise men” indicators. The Awesome Oscillator is an indicator used to measure market momentum, whereas the Alligator indicator (a combination of Balance Lines) uses fractal geometry and nonlinear dynamics to show the interaction of different time periods. The Fractal indicator helps to identify breakouts on previous high or low. Each fractal represents the end of an Elliot Wave and a breakthrough of each fractal marks a new impulsive wave.

Read this next

Digital Assets

SEC bypassed commission vote in approving Ethereum ETFs

The Securities and Exchange Commission’s (SEC) Trading and Markets Division has approved several spot Ethereum exchange-traded funds (ETFs) using delegated authority, rather than a vote by the full commission.

blockdag

BlockDAG Presale Draws Massive $32.4M Hinting At its 30,000x ROI Potential, Overshadowing Retik Finance at Bitmart

Learn why BlockDAG’s innovative strategies and $32.4M presale success are making millionaires, overshadowing Retik Finance’s struggle on Bitmart.

Institutional FX

Malaysia’s exchange launches API for onboarding retail investors

“The Exchange actively listens to the evolving needs of our customers. This initiative is key in delivering on our commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors, bolstering the competitiveness of our market.”

Fintech, Uncategorized

LiquidityBook welcomes JonesTrading to LBX Post-Trade Hub

“As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”

blockdag

Should I Invest Today? Which Altcoins Could Make 2-5X Profits Amid the Latest News?

Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.

Executive Moves

Bakkt promotes Ray Kamrath to CCO of Crypto

Bakkt has promoted Ray Kamrath to Chief Commercial Officer of the company providing custody, trading, and onramps to the crypto space.

Industry News, Uncategorized

HSBC relocates US headquarters to The Spiral, New York

HSBC has opened its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood.

blockdag

Best Cryptos to Buy Before the Real Bull Run Kicks Off

With the bull run of 2024 already underway, investors are eager to identify cryptocurrencies that promise significant growth.

Market News

This time is different – is it?

The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, so higher interest rates would actually be the order of the day.

<