Top 10 Ninjatrader 8 Indicators You Should Use to Enhance Your Trading

As a beginner or an advanced trader, selecting the right indicators can sometimes feel like a difficult task. Many traders waste time with tools that don’t add value or fail to deliver the insights they need to make confident decisions. 

Therefore, besides having a sound market knowledge, choosing the right indicator is a major part of the process of making an informed decision. In this post, we'll walk you through 10 powerful NinjaTrader 8 indicators that can simplify your decision-making process and optimise your trading results. 

By the end of this guide, you'll not only know which indicators to use but also how to incorporate them effectively into your strategy. Let’s get started! 

1. Price Level Volume Insights - Premium Indicator: The Ultimate Tool for Volume Analysis 

Price Level Volume Insights is a premium, volume-based indicator (free-trial available for a month), that offers detailed insights into market sentiment by plotting buy and sell volume at each price level. This powerful tool allows you to track volume on historical data and market replay, enabling you to backtest strategies across different financial instruments. It is developed to give you an edge on market for your day, swing or position trading.   

How It Works: 

The indicator has three main components: 

1. Left Margin Volume Profile: Provides long-term volume analysis. 
2. Right Margin Volume Profile: Displays real-time buy and sell volume at specific tick levels. 
3. Daily Session POCs (Point of Control): Shows significant price levels from daily sessions to help identify potential support and resistance zones. 

These components function independently, giving you flexibility in customising your analysis. You can track market movements at granular levels, showing exactly which side (buy or sell) is controlling the market at any given price point. 

Why It’s Useful: 

Price Level Volume Insights helps you make informed trading decisions by providing an in-depth view of market volume and sentiment. Here’s how it can enhance your trading: 

• Volume Profiles: By separating buy and sell volume, you can clearly see market strength at different price levels. 
• Historical & Real-Time Data: With both historical data and live market analysis, you get the best of both worlds for strategic decision-making. 
• Price Rebound Insights: Extended POCs help identify where price is likely to reverse or rebound, improving your trade timing. 

Gaps Addressed: 

This indicator overcomes the limitation of traditional volume profiles, which don’t differentiate between buy and sell volumes at specific price levels. With Price Level Volume Insights, you can pinpoint the market’s control—whether it's buyers or sellers—at each price level, offering a huge edge for precision trading. 

Pro Tip: Combine the indicator with trend analysis and historical POCs for more accurate predictions of market movements. By keeping an eye on the volume and POC levels, you can anticipate price actions more effectively and time your trades better. 

2. Zone Drawing - Free Indicator: Your Essential Tool for Drawing Demand/Supply Zones 

The Zone Drawing - Free Indicator is a powerful versatile tool designed for all traders who use NinjaTrader 8. It allows you to easily draw demand/supply or support/resistance zones directly on your charts, helping you identify key price levels that may act as barriers for price movement. This indicator is completely free for lifetime use, providing you with a no-cost tool that adds immense value to your trading strategy. 

How It Works: 

This indicator provides an intuitive way to draw and manage price zones at various time frames. Here’s how it functions: 

• Green Zones: Drawn below the current market price, representing demand or support areas. 
• Red Zones: Plotted above the current market price, representing supply or resistance levels. 
• Multiple Time Frames: You can draw zones on multiple time frames and they remain visible on lower time frames, making it easier to track significant levels on various charts. 
• Colour Changes: When the market price touches a zone for the first time, its colour changes to highlight its significance, allowing traders to easily spot key price levels. 
• Real-Time Interaction: As the price moves, zones can stop plotting when the price passes through them, providing a dynamic representation of price action. 

Why It’s Useful: 

The Zone Drawing indicator is incredibly useful for several reasons: 

• No Cost for Lifetime: You get access to this tool for free, saving money compared to subscription-based tools. 
• Easy Zone Management: The ability to draw, resize, and move zones makes it flexible for all types of traders. 
• Multiple Time Frame Support: Zones can be plotted across different time frames, allowing you to track long-term support/resistance while executing trades on shorter time frames. 
• Customisable: You can adjust the colour, opacity, and other visual settings to suit your preferences and make your charts easier to read. 

Gaps Addressed: 

Unlike other tools that only allow zone drawing at specific price levels, this indicator offers a dynamic, flexible approach by enabling zones across multiple time frames. It also addresses the common problem of needing to manage multiple zones on different time frames without cluttering your charts. 

Pro Tip: Use the Zone Drawing indicator in conjunction with other technical analysis tools to confirm price action and enhance your decision-making. For example, combine it with trend indicators to ensure that zones align with the market's current trend for more accurate predictions. You can also access it’s additional features by paying a small subscription fee. 

3. Multi Time Frame Trend Line - Premium Indicator: Master Market Trends Across Time Frames 

The Multi Time Frame Trend Line - Premium Indicator (free-trial for a month) is designed to help traders draw trend lines on any specified time frame and get an overall picture of the market trend across multiple time frames. This indicator offers a comprehensive view of the market by displaying both short-term and long-term trends, along with broken trend lines, giving you valuable insights for making more informed trading decisions. 

How It Works: 

This indicator allows you to: 

• Draw Trend Lines: Create trend lines on any chart time frame. The indicator plots these trend lines and automatically updates them when price movements break the lines. 
• Multiple Time Frame EMA: It plots multiple EMAs based on different time frames, allowing you to analyse the market trend across various time frames without changing your chart’s time frame. 
• Trend Strength Meter: Displays the trend strength for each time frame at a glance, helping you gauge the overall market direction and the strength of that trend. 

Why It’s Useful: 

• Comprehensive Analysis: This indicator gives you a clear overview of market trends on different time frames, ensuring that you can align your trades with the bigger picture. 
• Trend Line Alerts: You’ll be alerted when trend lines are broken, allowing you to react swiftly to market changes. 
• Customisable and Flexible: You can draw extra trend lines and adjust the indicator’s settings to fit your trading style. The ability to view trends across multiple time frames gives you a significant advantage in spotting opportunities and trends. 

Gaps Addressed: 

Traditional trend line indicators often focus on just one time frame, leaving traders with a limited view of the market. The Multi Time Frame Trend Line indicator addresses this gap by offering a broader perspective, displaying trends across multiple time frames and providing the necessary tools to spot key breakouts and trend reversals. 

Pro Tip: To maximise the effectiveness of this indicator, combine it with Price Level Volume Insights for deeper market analysis and a clearer view of price movements. Free version of this indicator is also available for you to try out. 

4. Trend Change Indicator - Premium Indicator: Stay Ahead of the Market Trend Changes 

The Trend Change Indicator - Premium Indicator is a pro-level tool designed for NinjaTrader 8. This custom indicator allows traders to spot potential market trend changes before they happen. By identifying Market Bottoms (MB) and Market Tops (MT), it gives you ample time to prepare your trading strategy, allowing for effective risk management and well-timed entries and exits. This indicator helps traders capitalise on big trend moves with greater precision. 

How It Works: 

• Trend Change Signals: The indicator plots ‘MB’ (Market Bottom) and ‘MT’ (Market Top) to signal potential trend reversals. These plots indicate when the market is likely to shift, helping traders act before the trend is fully established. 
• Market Direction: The green arrows represent a shift towards an uptrend, while red arrows signal a potential downtrend. 
• Risk Management: You can use these signals to plan your entries and exits, maximising your risk-to-reward ratio and increasing your chances of success in trades. 
• Data Requirements: The Trend Change Indicator requires a minimum of 30 days of market data to function properly, ensuring accuracy and effective trend analysis. 

Why It’s Useful: 

• Accurate Trend Change Prediction: The Trend Change Indicator is specifically designed to generate fewer but more accurate signals, providing you with high-quality trend change points to base your trades on. This reduces the noise often found with other indicators. 
• Increased Profit Potential: By identifying the big market moves early, you have more time to plan your trades with better risk-to-reward ratios, making it ideal for both small and large accounts. 
• Works on All Instruments: Whether you're trading forex, stocks, or commodities, this indicator can be applied to any financial instrument. 

Gaps Addressed: 

This indicator addresses the issue of traditional indicators generating too many signals, which can overwhelm traders. By offering fewer but more accurate signals, the Trend Change Indicator helps traders focus on the high-quality setups, rather than getting caught in false signals. 

Pro Tip: For maximum effectiveness, pair this indicator with your preferred risk management strategies. The early trend reversal signals allow you to place your stop-loss levels appropriately and secure your profits as trends develop. 

5. Daily Deviation Counter - FREE Indicator: Find Sweet Spots for Day Trading 

The Daily Deviation Counter - FREE Indicator is a custom-built tool for day traders and swing traders, designed to plot the daily market range and compare it with the average range over a user-defined period. This tool helps traders identify when the market has deviated too far for the day, providing a clear insight into potential entry points for trades. The free version of this indicator is available for lifetime use, allowing you to save money while benefiting from all future updates and 24/7 technical support. 

How It Works: 

• Plots market range: The indicator compares today’s market range (in ticks) with the average range over a user-defined period. This allows you to see whether the market is unusually stretched or compressed. 
• Identifies key trading opportunities: When the market is at the top of its range, it might be a good time to sell, as the market may be overextended. When the market is at the bottom of its range, it may be a better opportunity to buy, as the market could be due for a bounce back. 
• Live range comparison: Continuously updates to show the live range of the market in comparison with the average, helping you monitor market conditions in real time. 

Why It’s Useful: 

• Day trading precision: This indicator helps day traders spot potential market turning points with better timing by highlighting when the market is stretched too high or too low. 
• Swing traders: It also provides swing traders with important volatility insights, allowing them to measure market risk and pinpoint entry and exit points for longer-term trades. 
• Customisable periods: You can adjust the user-defined period to match your preferred time frame, giving you flexibility in analysing different market conditions. 
• Free for life: This tool is available for free, offering great value without any ongoing costs or commitments. 

Gaps Addressed: 

Many traders struggle with determining when the market has moved too far, making it difficult to make informed decisions. The Daily Deviation Counter solves this by providing a clear visual representation of the market’s volatility and relative movement, giving you the edge to act before the market moves too much in one direction. 

Pro Tip: For optimal use, combine the Daily Deviation Counter with other technical indicators, such as trend lines or moving averages, to get a clearer picture of market direction and improve your trade accuracy. You can also check out the Current Deviation - Premium Indicator to see market deviation live plots from open price and can have access to live market’s deviation compared to short and long-term periods. 

6. Daily Extremes - Premium Indicator: Identify Market Tops and Bottoms Early 

The Daily Extremes - Premium Indicator is an advanced tool designed for NinjaTrader 8, specifically tailored to help day traders and swing traders identify the potential market top and market floor for the day. This indicator calculates and plots two key lines on your chart, which represent the high-probability areas where the market is likely to reverse. By identifying these market extremes early in the trading day, you gain the ability to make better-informed decisions, manage your risk, and optimise your entries and exits. 

How It Works: 

• Market top and floor Lines: The indicator plots dynamic red and green lines on your chart, marking potential market top (resistance) and market floor (support). These lines are recalculated throughout the day based on live market data. 
• Reversal signals: When the price reaches either the market top or market floor, the indicator signals that a market reversal is highly probable, giving you an early warning to adjust your trading strategy. 
• Real-time updates: The lines adjust dynamically, recalculating in real-time to reflect the current market conditions and ensuring you’re always trading based on the most accurate data available. 

Why It’s Useful: 

• Early reversal detection: By identifying potential turning points early, you can enter trades with more confidence and lower risk. 
• Helps with risk management: Use the market top and market floor levels to set stop-loss and take-profit levels, improving your overall risk-to-reward ratio. 
• Works on any market: This indicator can be used across different financial instruments and works on intra-day time frames, providing versatility for various trading styles. 

Gaps Addressed: 

Many traders struggle to identify when the market has reached a point where a reversal is likely. The Daily Extremes Indicator solves this problem by plotting these critical levels directly on your chart, allowing you to identify opportunities with a clear and data-driven approach. 

Pro Tip: Combine the Daily Extremes Indicator with other tools like Trend Analysis or Volume Indicators for even greater confirmation before executing your trades. 

7. Buy Sell Volume - Premium Indicator: Track Buyer and Seller Pressure in Real Time 

The Buy Sell Volume - Premium Indicator is a powerful tool designed for NinjaTrader 8, allowing traders to visualise and track buy and sell volumes separately on their charts. This indicator plots vertical bars representing the actual buy and sell volumes in real time, giving you clear insight into market dynamics. It also includes the ability to display volume delta and buyer/seller pressure arrows, which help you identify who is in control of the market at any given moment—buyers or sellers. 

How It Works: 

• Volume separation: The indicator separates buy and sell volumes, plotting them as vertical bars on your chart. Green bars represent buy volume, and red bars represent sell volume. 
• Volume delta: You can also view the delta of buy and sell volumes, which helps you see which side of the market is gaining dominance. Green delta bars indicate buying pressure, while red delta bars show selling pressure. 
• Buyer and seller pressure arrows: The indicator plots arrows to indicate buyer or seller dominance. Green arrows show that buyers are in control, and red arrows indicate seller dominance. 
• Real-time updates: The indicator recalculates in real-time, so you always have the most up-to-date information on market dynamics. 

Why It’s Useful: 

• Real-time insights: This indicator allows you to track exactly who is controlling the price movement—buyers or sellers—at any moment. This clarity helps you make more precise trading decisions. 
• Informed trading decisions: By separating buy and sell volumes, you can gain a clear understanding of market sentiment. This can significantly enhance your entry and exit points, leading to better risk management. 
• Volume delta advantage: With the delta of buy and sell volumes, you can see when the market is leaning more towards buying or selling, helping you anticipate potential price movements. 
• Works on any instrument: The indicator works across all financial instruments, making it versatile and suitable for different trading styles. 

Gaps Addressed: 

Traditional volume indicators only show the total volume without separating buy and sell volume. This makes it hard to understand who is in control of the price movement. The Buy Sell Volume - Premium Indicator provides a much clearer picture by separating these volumes, giving you a distinct advantage in tracking market activity. 

Pro Tip: For best results, use this indicator in combination with other technical tools such as Trend Indicators or Support/Resistance Zones. This will give you a comprehensive view of the market and help you make more informed decisions. You can also check out the free version of this indicator: Buy Volume Only - FREE Indicator. 

8. Multiple EMAs - Free Indicator: Track Market Trends with Precision 

The Multiple EMAs - Free Indicator is a custom-built tool for NinjaTrader 8, designed for traders who want to track both short-term and long-term market trends with ease. This FREE indicator plots multiple Exponential Moving Averages (EMAs) on your chart, allowing you to get a clear, visual representation of market trends across different time frames. By displaying both short-term and long-term trends, the Multiple EMAs indicator provides you with a comprehensive overview of the market's direction, helping you make more informed trading decisions. 

How It Works: 

• Short-Term vs Long-Term Trends: The indicator plots green EMAs to represent short-term trends and red EMAs for long-term trends. 
• Visualisation of Market Strength: The gap between the short-term and long-term EMAs helps you gauge the strength of the trend. When the lines are widely spaced, it indicates a strong trend, while when they are closely packed, it shows a choppy or sideways market. 
• Market Condition Awareness: This indicator allows you to see how the market is trending at a glance—whether it's in a strong, clear trend or if it's consolidating or moving sideways. 
• Customisation Options: You can adjust the colours, styles, and widths of the EMAs to match your preferences, making it easy to tailor the indicator to suit your charting style. 

Why It’s Useful: 

• Easy Trend Identification: This tool allows you to easily identify the prevailing market trend, whether you're trading short-term or long-term. 
• Market Strength Insight: The distance between the green and red EMAs offers a visual cue for how strong the current trend is, helping you decide whether to enter or exit trades. 
• Works on Any Time Frame: This indicator is versatile and can be applied across different time frames, making it suitable for all types of traders—from day traders to swing traders and long-term investors. 
• Free for Lifetime: You can use this tool forever at no cost, which allows you to save money while benefiting from future updates and technical support. 

Gaps Addressed: 

Many traders rely on single time-frame indicators, which may not provide a complete picture of the market. The Multiple EMAs indicator solves this by showing the market’s short-term and long-term trends side by side, allowing for a comprehensive understanding of price movement. 

Pro Tip: For better results, combine this indicator with other tools like Volume Profile or Trend Lines to confirm the strength of the trend and make more informed trading decisions. You can have access to additional features of this indicator that comes with additional parameters and more customisation options. 

9. TDI (Traders Dynamic Index) - Free Indicator: Track Market Trends and Entry/Exit Points 

The TDI (Traders' Dynamic Index) - Free Indicator is a powerful tool for NinjaTrader 8 that helps traders identify market trends and potential entry/exit points. A popular indicator among professional traders worldwide, the TDI combines multiple indicators to assess the market’s condition, helping you make well-informed trading decisions. This free indicator is available for lifetime use, providing traders with valuable insights without any cost or hidden charges. 

How It Works: 

• Multiple Line Plots: The TDI indicator plots several lines on a separate panel of your chart, including the Base Line, Signal Line, and Bollinger Bands. These lines help identify overbought and oversold conditions, potential trend reversals, and ideal entry points. 
• Market Trend and Entry Points: The TDI helps you spot market trends by displaying key information such as: 
• Base Line: Represents the overall market trend. 
• Signal Line: Used for generating potential buy/sell signals. 
• Bollinger Bands: Indicate the volatility and potential price reversal zones. 
• Real-Time Signals: The TDI recalculates continuously, providing real-time signals to identify ideal moments for entry and exit. 

Why It’s Useful: 

• Professional Trading Tool: Used by many professional traders, the TDI combines several indicators into one, making it easier to assess the market’s condition and spot opportunities for profitable trades. 
• Clear Buy/Sell Signals: The TDI helps you pinpoint when to buy or sell by showing market overbought/oversold levels, as well as identifying trend changes, giving you the edge in making timely decisions. 
• Works Across Any Time Frame: Whether you’re a day trader, swing trader, or investor, the TDI is versatile and works on any time frame, making it suitable for all trading strategies. 

Gaps Addressed: 

Traditional indicators can sometimes be too simple, focusing on only one aspect of market analysis. The TDI combines multiple indicators, including trend analysis, volatility, and overbought/oversold signals, providing a more complete view of the market. 

Additional Features: 

While the TDI - Free Indicator offers incredible value, you can have access to additional features for even more customisation and flexibility. 

Pro Tip: Combine the TDI with other indicators like Volume Profile or Support/Resistance zones to confirm the market conditions and improve the accuracy of your trades. Also check out the Smart Entry Exit - Premium Indicator to see plots related to different market direction changes. 

10. Absolute Delta - Premium Indicator: Identify Market Power Shifts Between Buyers and Sellers 

The Absolute Delta premium indicator is a pro-level tool designed for NinjaTrader 8, providing traders with an unparalleled view of market dynamics. This custom indicator plots delta values for each market tick, revealing the real-time battle between buyers and sellers. By using this indicator, you can clearly see when buyers are dominating the market or when sellers have control. This allows you to make smarter, more informed trading decisions, ensuring you avoid buying in a seller's market or selling in a buyer's market. 

How It Works: 

• Delta Value Plots: The indicator plots delta values on each bar, showing the exact difference between buying and selling pressure. Green and red bars reflect buying and selling activity, respectively, with more intensity shown when there’s a bigger shift. 
• Market Power Identification: By comparing the delta values for each tick, the indicator shows whether buyers or sellers are in control. 
• Upper and Lower Lines: The indicator plots upper and lower lines that represent the extreme delta values compared to the average, giving you insight into the market’s overall strength or weakness at any given moment. 

Why It’s Useful: 

• In-Depth Market Insights: By displaying the delta values of each bar, you gain a clearer picture of which side—buyers or sellers—has the upper hand, helping you anticipate market direction and make more informed decisions. 
• Real-Time Adjustments: This tool continuously updates and recalculates in real-time, providing you with the most accurate and current data available to guide your trading decisions. 
• Avoid Poor Entry/Exit: With the ability to see who is controlling the market, you’ll avoid entering positions against the prevailing market power, leading to better risk management and improved trade outcomes. 

Gaps Addressed: 

Traditional indicators often fail to distinguish between buyers and sellers, making it difficult to understand market sentiment. The Absolute Delta Indicator solves this by providing real-time insights into which side is driving the price movement, allowing you to trade with more precision and confidence. 

Pro Tip: Pair the Absolute Delta Indicator with other technical analysis tools like Trend Indicators or Support/Resistance Levels to confirm your trades and improve their success rate. 

Custom Indicators: 

If you want to move to a more advanced trading game consider enrolling in NinjaScipt programming courses tailored for all three levels: Basic, Advanced and Expert. The course will allow you to learn the programming skills required to make your own custom indicators and automated strategies. But if programming is not your thing you can apply for custom programming where you can have professionals, programming trading tools according to your specific needs.

Final Thoughts 

To achieve success in trading, choosing the right indicators is crucial. By integrating these top 10 NinjaTrader 8 indicators into your strategy, you can sharpen your market analysis, make data-driven decisions, and improve the precision of your trades. These powerful tools will help you stay ahead of the market, identify trends early, and manage risk more effectively. Depending on the type of your trading try out these indicators to better your decision making and trading moves.