NinjaTrader MACD + EMA Indicator is a trading system that leverages the combined usage of the MACD and EMA indicators, each with its unique functionality, making them a valuable combination for market analysis. The indicators have been recognized by traders for their effectiveness in helping them make informed decisions about entering trades and confirming signals.
The MACD indicator is employed to assess the strength and direction of a trend, as well as to identify potential reversal points. It is most effective in markets with a wide range of fluctuations. MACD determines the best entry points when there is a clear trend. The EMA indicator helps with this task very well, as it determines the current priority direction of the trend.
The indicator has the ability to customize indicators to suit the individual needs of traders: changing the type and period of the moving average and changing MACD parameters.
In order not to miss profitable opportunities for opening trades, the indicator provides settings for various types of alerts.
The indicator includes two modes of trading strategies: Classic and Advanced.
It is a classic version of the MACD + EMA trading strategy.
It is an extended version of the classic MACD + EMA trading strategy with additional conditions for the occurrence of signals.
The indicator has the following parameters:
Alerts – setting up various types of alerts.
Strategy Type – switching strategy modes Classic / Advanced.
MACD – setting up key MACD parameters.
Moving Average – setting the type and period of the moving average.
Enable Moving Averages – this parameter allows you to make the display of indicator lines more visual for interpreting analytical data. Green EMA line – the price is above the EMA line, red line – the price is below the EMA line. Green color of moving averages is a buy zone, red color is a sell zone, blue color is a neutral zone.
Nordman Algorithms is not liable for any risk that you face using the software. Please, use the software on your own responsibility. The software is coded in accordance with a common known concept and Nordman Algorithms does not guarantee accuracy or trading performance of the software signals.
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