I trade for a living and specialize in Emini futures. In the process of developing my trading methodology I have become a TradeStation EasyLanguage specialist and accredited developer of trading tools for TradeStation.
MultiCharts is a great alternative to TradeStation. It’s very flexible and supports a large number of data feeds and brokers. MultiCharts also supports EasyLanguage – the easiest, most powerful and most widely used language for programming trading strategies and indicators.
Here are the indicators I use every day in my Emini trading:
Better Sine Wave (TradeStation, MultiCharts & NinjaTrader)
Improved version of John Ehlers' Hilbert Sine Wave. The Better Sine Wave plots cycle entry points when the market is in a trading range. Then when the market breaks into a trend move, the indicator signals early entry and holds a position right to the end of the trend. Don't trade cycles without it. Works on any chart, any time frame. Check out the Better Sine Wave videos here.
Better Momentum (TradeStation & MultiCharts)
The classic momentum indicator calculates changes in price. This improved momentum indicator is based on changes in buying and selling volume. Declining buying volume always precedes a market top and vice versa for market bottoms. The Better Momentum indicator pinpoints these turning points and plots bullish/bearish divergence signals. Check out the Better Momentum videos here.
Better Pro Am (TradeStation, MultiCharts & NinjaTrader)
The third part of the puzzle is knowing what the Professionals and Amateurs are doing. You want to follow the Professionals and "fade" (do the opposite) the Amateurs. The Better Pro Am indicators have PaintBars for Professionals and Amateurs as well as accumulation / distribution volume patterns Like No Demand and RAMBO. Check out the Better Pro Am here.
Better TRIN (TradeStation open code)
Better than RSI! Works on intra-day and end-of-day charts. These 4 new indicators use Trading Index (TRIN) data and, therefore, have the advantage of being non-price based. The TRIN is invaluable in measuring trend strength and early identification of market turning points. Also includes a TRIN-based system with a profit factor of 3.50. Check out the Better TRIN Oscillator here.
Better Trend Line (TradeStation)
"The big money is in the big moves" … and big moves develop from breaks out of congestion zones. The Better Trend Lines indicator plots trend lines automatically on a chart and then highlights these congestion zones. Possibly one of the simplest ways to trade and one of the most effective. Works on any chart, any time frame. Check out the Better Trend Line video here.
Why Aren't All Your Indicators Available for NinjaTrader?
NinjaTrader is a great platform, with a great following and I am trying to support it as fully as I can. Sadly, however, NinjaTrader does not yet have volume traded at the bid or the ask data readily available – as it is in TradeStation. Therefore, stable versions of the Better Momentum and Better Volume indicators have not been possible to code.
As the functionality of NinjaTrader improves over time though, I will make all my indicators and systems compatible with NinjaTrader.
If you can't find what you're looking for, please contact Emini-Watch.com.
