NinjaTrader 8 Indicators and More - Trigger Lines (amaTriggerLines)
futures io

Categories Help    

NinjaTrader 8 Indicators and More
Indicators and Files in this section are compatible with NinjaTrader 8

Trigger Lines (amaTriggerLines) 5 *
Version 1.3 September 17, 2017

The Trigger Lines indicator is composed of two lines. The leading line is a linear regression indicator (LinReg). The lagging line or signal line is an exponential moving average (EMA) of the leading line.

This indicator comes with two different options for identifying and uptrend or downtrend:

Trigger line cross: When the leading regression line crosses above the signal line, this is the beginning of an uptrend. Vice-versa the indicator signals a downtrend, as long as the leading line remains below the signal line.

Thrust bars: An uptrend is detected via an upthrust bar that closes and has a median above both trigger lines. A downtrend follows a downthrust bar that closes and has a median below both trigger lines.

The second trend definition adapts faster to changing market conditions, but also produces a higher number of false signals. The trend can be shown via paint bars. The indicator further comes with sound alerts that will signal a trend change.

Category NinjaTrader 8 Indicators and More 
Suggest other entries I might like
Details: Trigger Lines (amaTriggerLines)
Category: NinjaTrader 8 Indicators and More 

October 30th, 2017
Size: 11.42 KB
Downloaded: 1462 times

Keywords: ema exponential linreg regression triggerlines trigger


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada),
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.