Ninja Trader Update : Now Includes Dynamic Momentum Index
In the latest update, NinjaTrader updated four indicators.
- DMIndex
- ParabolicSAR
- Pivots
- DMI
DMIndex
The most signifigant was the addition of the DMIndex. The Dynamic Momentum Index (DMIndex) as developed by Tushar Chande and Stanley Kroll and outlined in detail in their book The New Technical Trader. It is a variable term RSI which makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time period is.
ParabolicSAR
The ParabolicSAR no longer a minimum acceleration factor. Before, the factor had a minimum of 0.2. Now, you can use any value such as 0.0 or 0.1, although I do not know why you would.
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Pivots
Pivots,  only a comment changed.
DMI
The description was changed from The Dynamic Momentum Index to The Directional Movement Index.
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Parabolic’s > Now, you can use any value .. I do not know why you would.<
I have used Parabolic for over 25 years. Sure, the thing is so perfect, why change it. In olden times with Super charts we were able to optimize Parabolic for a specific commodity over all of our data. So we did enter different values when trading.
Wells taught us about the bell shaped curve, so it does not really matter much what value you use in the future, as long as you are close. But it is to a trader’s advantage to use a signal slightly different value than everyone else.
It also aids parabolic users if they can choose the turning point of the trend to start the indicator instead of working the switch off of the previous trend.
I like to use the extreme of the move as the starting point. As long as prices stay inside that smooth parabolic curve anyone would be happy to ride with profits.
I guess I was wondering if any one would use a setting of zero?