Trend indicators help traders to “trade with the trend”, as the common cliché goes. Indicators help to identify trading opportunities, and for NinjaTrader 8 platform, the FREE Multi Time Frame Trend Line is a must-have indicator.
Trading with the trend – Trend Indicators
Trend trading is a trading style that exploits the momentum of an asset in one direction. While it is possible to make profit with a counter-trading strategy, it is more common for traders to follow price trends.
It starts with identifying the flow of an instrument’s price, and then trading according to that trend. Armed with well defined strategies, trend traders perform technical analysis to identify the rhythm of the price movements and act accordingly.
What is technical analysis?
Financial markets are known to be cyclical, and prices tend to follow similar patterns. Market cycles are identified by reviewing historical price data and looking for repeating patterns. The probabilities of future price movements are then calculated based on these patterns, and this process is known as technical analysis.
A trader will base their trades around the price levels that have in the past held major support or resistance, and hope that the pattern repeats, bringing them profit. To identify these market cycles, traders use technical indicators.
Usually, technical indicators are mathematical tools that analyse past price action and graphically plot their results on charts. They are essential tools in financial markets such as forex, futures, commodity, and indices, and are also popular with crypto traders.
Indicators usually work together to facilitate better analysis, or even to confirm each other’s results. Commonly used indicators include moving averages, stochastics, and the RSI among others. Trading platforms such as NinjaTrader 8 provide all these technical indicators.
The trend line indicator
A trend line is a straight line drawn on a chart to show the momentum of an instrument’s price. It’s drawn by connecting at least two price points and extending it beyond the second price point into the future.
If the first point is lower than the second, the line has a positive slope and will show an up-trend. If the first point is higher than the second point, it will have a negative slope and show a down-trend, such as shown in the image below.
The above image shows a trend line drawn on a 60-minute time frame candlestick chart using the FREE Multi Time Frame Trend Line Indicator. This indicator measures the acceleration in price changes and identifies the trend for the trader.
The FREE Multi Time Frame Trend Line Indicator
The FREE Multi Time Frame Trend Line Indicator for NinjaTrader 8 by Rize Capital is versatile and easy-to-use. It can only be used on time-based candlestick charts.
It comes with several must-have features and benefits for shorter and longer-term traders. Additionally, a premium version is available with additional features for even better analysis in multiple time frames.
Why choose the FREE Multi Time Frame Trend Line Indicator?
1.0 FREE for life
The FREE Multi Time Frame Trend Line Indicator for NinjaTrader 8 is free for life. Just activate the free license and start using it.
2.0 Intuitive user interface
It has a user-friendly interface and plots its results on multiple types of charts. Accurate and readable graphs annotated with prices make it easy to quickly study the market and make better decisions.
3.0 Ease of use & customization
Drawing a trend line takes two mouse clicks, and editing it is just as easy. Additionally, it’s easy to customize trend lines to suit personal preferences.
4.0 Regular updates
The indicator is updated regularly, and users are notified whenever there are new updates.
5.0 24/7 Technical support
All Rize Capital products come with 24/7 technical support to help users with any issues regarding this trend line indicator, and our other products
6.0 Deactivate anytime
To stop using the FREE Multi Time Frame Trend Line Indicator, simply deactivate the free license or contact us.
The FREE Multi Time Frame Trend Line Indicator has great features to ensure that trading opportunities are identified and confirmed in time. Some of these features are:
1.0 Multiple Time-Frame Analysis
To trade profitably both in the short-term and longer-term, one needs to identify underlying trends, but different time frames may show conflicting trends. For example, a stock can indicate an uptrend on a 60 minute time frame, but a downtrend in the longer term quarterly time frame.
The FREE Multi Time Frame Trend Line Indicator for NinjaTrader 8 works on multiple time frames, and provides a broader analysis of the market. Supported time frames include:
- 15 minutes
- 1 hour
- 4 hours
2.0 Works with all instruments
The FREE Multi Time Frame Trend Line Indicator works with all instruments including forex, futures, and indices, providing a seamless experience for both beginner and experienced traders.
This indicator works on multiple time frames, but keeps your view clean and uncluttered. It has intelligent filters that only show trend lines for the time frame being viewed and higher.
It gives a trader the flexibility to move away from the screen to perform other tasks. The indicator will show a trend line that has been broken it in a different color and display the details of the break. When the trader returns to their computer, the information will still be visible.
Should Indicators be used as trading strategies?
Indicators are not strategies, and only perform technical analysis on the market. A trading strategy consists of rules that determine when a trader will take action. Traders make decisions based on information from a combination of several technical indicators.
Additionally, a good trading strategy is based on a trader’s style and goals. However, some traders use indicators as strategies, for example, taking action when price moves up.
Other FREE indicators by Rize Capital include:
- Daily Change Trading – FREE Indicator
- Daily Deviation Counter Indicator – FREE Indicator
- Initial Balance with Extension Levels – FREE Indicator
- Buy Volume Only Indicator – FREE Indicator
- Zone Drawing – FREE Indicator
- TDI – FREE Indicator
- Multiple EMAs Indicator – FREE Indicator
NinjaTrader 8 is a great trading platform and supports tons of indicators, strategies and add-ons. Download our FREE Multi Time Frame Trend Line Indicator, and activate the license to stay on top of the price trend.