The award-winning NinjaTrader platform includes over 100 indicators and multiple chart tools to accommodate all trading styles and analysis approaches, including the Trend Lines Indicator.
Trend lines are an invaluable tool for traders of all levels, helping to identify market sentiment and key turning points in developing markets. Trend lines are normally manually drawn using a line, ray or polygon drawing tool. However, NinjaTrader’s Trend Lines indicator simplifies trend identification and draws them automatically based on user inputs. This helps to save time in identifying current and past trends.
See how easy it is to add the Trend Lines Indicator to your chart in this short video!
You can add the Trend Lines indicator to any NinjaTrader chart in just a few simple steps.
- Within any chart window, right-click and select “Indicators”.
- Select “Trend lines” from the list in the upper left-hand section and then click “add” below.
- Configure the parameters on the right, such as the number of lines displayed as well as the color, thickness and style of the lines. The “Strength” field will determine the sensitivity of the automatic trend detection algorithm.
- Once your parameters are configured click OK.
On the chart above, the current trend is indicated by an opaque blue line. This is a trend line high, which is based on a swing high followed by a lower high point. The inverse is true for a trend low. Depending on the number of trend lines you specify during the setup of this indicator, previous trend lines will appear, but are not as prominent scrolling back in time on the chart.
To fine-tune this indicator to your needs, you can access its parameters once more by simply right-clicking on the chart and selecting Indicators. Pair the Trend Lines indicator with other technical analysis tools, such as moving averages and the Relative Strength Index (RSI) to help inform your technical analysis in your favorite markets.
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Source: https://ninjatrader.com/blog/identify-trend-patterns-with-trend-lines-indicator/
