Tweaking Standard NinjaTrader Indicators

Back to the Basics   Whether you are starting out in the trading game or a veteran trader, finding and honing the best tools of the trade (technical indicators) is always important. Choose wisely and you’ve built a solid foundation for success in daytrading. Choose poorly and predators will be lining up, ready to take you out at every turn. Most novices follow the herd when building their first trading screens, grabbing a stack of canned indicators and stuffing as many as possible under the price bars of their favorite instruments. This more is better approach short circuits signal production because it looks at the market from too many angles at once. It’s ironic because indicators work best when they simplify analysis, cutting through the noise and providing usable output on trend, momentum and timing. Choosing the right technical indicators is daunting but can be managed if traders focus on the less is more principle. Once You have your core set of effective indicators, then y
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