Click To Enlarge. The default NT Keltner and our Keltner indicator.

Yes, Ninja Trader already has a Keltner Channel built in. This is our take on the indicator. Our is a little more custimizable. It allows you to select the price type, the ATR length, and all kinds of other goodness. We also let you select the type of moving average you would like to use. Here are the different types of moving average you can select.

This one is a free download until the end of the year. So try it out and let us know what you think. You can down load it here Trader Werks Keltner Channel.

Acceleration Bands are similar to Bollinger bands. They draw two bands around the moving average. Pretty simple , but still effective.

I was reading Elitetrader ( yes I read it. You probably do to but do not want to admit it. ) A user was looking for a free stock screener to find stocks in a narrow range. I though it was a good idea, and since NinjaTrader is free, and you can get free end of day data, I decided to make a free narrow range screener. So no need to spend $400 bucks. To use, download the NarrowRange Indicator, and set up Market Analyzer below.

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The formula finds a percentage of the range over a certain period.

               MAX ( High )
Range =  ------------------  - 1
               MAX ( Low )

So we just look at the range over a period, and use that percentage to decide if the range is narrow.

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So this is what I can up with. It is an indicator that returns a value if the stock has traded in a narrow range for a certain number of periods. This image is of the Dow 30 stocks , scanned to see if any are in a narrow range for the last 30 days. As of today the only stocks that are trading within a narrow range are WMT, MMM, VZ, IBM, T and JNJ.

The settings are shown in this dialog. The percentage is set as a whole number. So i you were looking for a 10 percent range, you would set this value to 10, as we did here. The indicator returns a value of between 1 and -1. So to hide the display of the non narrow range instruments, I set the reference to zero. The length is 30 and that is how many periods I look back to determine if it is a narrow range or not.

Finally, so you do not have to do this again, we save this analyzer as a template. This save the stocks in the market analyzer and the column settings so you can simply open up the template to see your scan.

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We are switching designers to the designer who did this blog for the main site. The IE bugs were just a problem. So ‘real soon now’ we will be merging the designs. And hopefully getting rid of all these IE problems.

TECHNICALLY this is not an indicator. Yesterday, we posted an indicator that has symbol for AAPL drawn in the lower left hand corner. This indicator helps when I look at the screens from across the room.

Trading can be boring sometimes, so you may not be sitting directly in front of your monitor when something interesting.

The menu bar has the symbol, or course, but sometimes it is just easier to glance at a screen and see what it is. Of course, this one is free over at TraderWerks.

This is a retracement indicator, calculates the retracement of an indicator over a period of time. This indicator calculates two additional lines around the central retracement indicator. These are two Fibonacci lines aboue and beyond.

Of course you can download this for free from TraderWerks
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This is an extension of the historical volatility indicator. This indicator shows the 30, 90 and 120 day historical volatility in a single pane. Here I show it for my favorite stock, AAPL. The shorter term volatility is rising toward the longer term volatility.

If you trade options, this is a good indicator to visualize how volatility is changing over time.

The Moving Average Envelope Indicator plots a percentage above and below a moving average. This was on the old blog and I am re-posting it here.

The plot was developed from a article at VIX & more. After reading that article, I tried it out and it is much better than you would think. Sometimes simple indicators are the best indicators.

how much I hate Internet Explorer. The minute we fix one bug, we find another. So yes, we still have more work to do to fix the layout. Sorry about that. If you are using anything BUT IE, the site is fine.

Three things that never change, Death, Taxes and Microsoft suckage.

This indicator is from the book, “The New Technical Trader”. TraderWerks has two versions of this , the standard one, and a smoothed one for comparison. If you take a look at this image , this is from APPL in 2006. I did not pick that time frame on purpose, I just noticed it. Anyway, it was a perfect pick for a top. I feel that QStick would work best with a volume indicator. That is just from my trying different indicators and see what happens.

You can download this for free at TraderWerks.