I was wondering if someone with coding experience could code for Ninja a market Synchronization indicator. This indicator would track the other major futures markets like dow and Nasdaq and when all major markets are moving together it would paint green for up and red for down, yellow for no Sync. I feel this is a good idea because any major move will happen when all markets are moving. trademarkets.ca has an indicator last video for reference.
I've seen similar indicators where individual stocks are tracked, like it can evaluate "80% of the S&P 500 is short right now". It is not exactly what you are describing, but I think I would really like to see something like it.
In either case, I've not seen a Ninja indicator that does this though I am sure one can definitely be written.
I believe with NT7 this will become much easier to program, because of the ability to have multiple instruments on one chart (and one indicator).
SO 2009, well its 2012, anyone still interested in this. I dont know if ninja can do 500. Im hoping for a cherry picked 20. Anyone want to chat about what 20 would be market leaders. I am thinking of using q collector and excel to view the list. Then use that list in ninja, and track those compared to say the spy or the futures. I am thinking the right basket of stocks may be very leading indication