Dynamic Trigger Range Indicator – Installation
For NinjaTrader 8
Follow the Download / Install instructions below.
Note: You will plot this indicator on your 1-minute and 5-minute charts for the Momentum System (20-second chart for the Scalper) and the Range Indicator will automatically plot and adjust the high/low of the Dynamic Trigger Range.
Note: The indicator is a receiver identical to the Alert Software, i.e. it runs and is online when the system is online. The range indicator works with all the symbols – on both the Momentum Breakout and Power Scalper – identical to the desktop alert software.
Instructions: Follow Each Step Very Carefully
– Download / Save the indicator .zip file here: PowerEminiDynamicRangeIndicatorNT8.zip
into your C:\PowerEminiAlerts2017 Folder (recommended) or your Downloads Folder (do not unzip)
NOTE: Many browsers will automatically save the .zip to the Downloads Folder by default on your computer. You may need to navigate to your Downloads Folder to find the .zip file you just saved. You can import it into Ninja from there.
– From the Ninja Control Center click on Tools -> Import -> NinjaScript Add-On… (if you get a warning message about importing only from a trusted source just “allow” – because you trust us – click OK – and continue)
– Locate the PowerEminiDynamicRangeIndicatorNT8.zip on your computer and click to import.
Wait for confirmation the NinjaScript has been successfully imported.
IMPORTANT: Now you MUST shut the Ninja Platform down and restart it.If you don’t close Ninja and then re-open it the indicator will not get registered. It will not work if you skip this step.
Be sure to click Yes to SAVE the Workspace here
Open NinjaTrader back up…
– On your 1-minute chart right click and choose Indicator. Scroll down the list of indicators and choose PowerEminiDynamicRangeIndicator from the list, and double-click it so it appears in the bottom portion of the Indicators dialog box like this:
Note the Parameters above have been modified from the Default – you will also want to customize them to fit your preferences and you can use the above image as a reference. The top Parameter lets you choose between the Scalper and Momentum System.
If you are using the Dark color scheme, see the bottom of this page for recommended color settings.
Your chart will look something like this.
SAVE Your Workspace NOW
Be sure to save the workspace at this point to prevent having to do this all over again. When you configure or change your Parameters be sure to SAVE the Workspace again. It’s a good idea to always click Yes to Save the Workspace when you close NinjaTrader so it opens back up looking just like you left it.
You can use this indicator on any chart type, and also have concurrent charts open for ES, NQ, CL, YM etc if desired and run the indicator on each. You can also choose between the Breakout and Scalper system for any of the symbols – everything you see on the chart reflects the corresponding Tab in the Alert Software.
To change the “system” just right-click on your chart and select “Indicators”. Scroll up to the top of the Parameters and click next to the word Scalper or Breakout to get the drop-down box to change systems. (Parameter #1)
The indicator automatically knows which symbol to use based on the chart you have the indicator loaded on. Just change the Symbol on your ninja chart and the indicator will automatically adjust everything on the chart. (Dynamic trigger lines are only online/active when the main Momentum system is online and active.)
The Power Scalper algo is designed to be traded off a 20-second chart and the Momentum Breakout system is best to follow on a 5-minute chart.
You will also want to make the following chart settings.
Right Click on chart – choose properties -> Right Side Margin = 150
(so the price bars aren’t squished into the Range High and Range Low value labels)
Also on your chart in the upper menu you can Turn Cross Hairs On so you can easily identify price levels
Please Email firstname.lastname@example.org to Confirm that you have successfully installed the indicator
If you are new to NinjaTrader 8 – here is a link to the online documentation
Here are the suggested settings for colors if you are using the Dark color skin – experiment with the colors to suit your preference.