Quantum Trading Indicators for NinjaTrader

The second platform we offer is NinjaTrader. This is a more complex platform and one you might consider moving to as your forex trading career progresses. There are some important differences here with the MT4 platform and here are some of the issues to consider before going ahead with this platform. First of all, while the platform is free to download you will need to pay for a live data feed, and the one we recommend is from Kinetick. The cost of this is approximately $60 to $70 per month. In addition you will also need a brokerage account through which to execute your trades, and this can be entirely independent of the platform itself. NinjaTrader do offer a brokerage themselves which you may consider.

Using this approach will certainly open up other trading instruments such as currency futures, and whilst the platform is certainly more flexible in terms of charting options and functionality, it is more complex and as such we feel the MT4 platform is the best place to start, unless you perhaps already have this as your platform of choice, and are therefore more experienced.

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The full set of trading indicators from Quantum Trading has been developed to underpin the core methodologies explained and developed in The Complete Forex Trading Program. This unique suite of dynamic tools works at the live edge of the market, providing a powerful and dynamic view of currency flows, strength and weakness, volatility, momentum in the trend, and centred around the concepts of volume price and time. Each indicator is freestanding in its own right, but when combined together, provides traders with an immensely powerful toolkit, demystifying the complex world of forex, and delivering that all important confidence to get in, stay in, and then to exit at just the right time.

The Quantum Currency Strength Indicator is the starting point for any analysis of the forex market. The indicator disassembles the market into the basic building blocks - in other words the currencies themselves, and shows you instantly, whether a currency is strong or weak, rising or falling strongly, in congestion, or reaching an overbought or oversold condition in all timeframes. Currencies reverse from strong to weak and back again, all the time. It is these turning points which can offer the potential to get into a position early, and take advantage of a reversal in trend. Once a trend is underway, then this is signalled instantly clearly and intuitively with the indicator, and again in all timeframes. Whilst the indicator is immensely powerful in identifying opportunities to enter the market, it is equally powerful in signalling when to stay in, and even more importantly when it may be time to exit.

The Quantum Currency Matrix indicator is a powerful solution to a complex problem. First, it shows you instantly and clearly the strength of the buying or selling in the 28 currency pairs – in real time. Second, with a single click whether this is reflected across the related pairs. Third, whether this applies to both the base and counter currency of the currency pair you are considering. The indicator has been developed to reveal the complexities of the forex market in real time across all the related pairs, along with the strength of the buying and selling. Whilst it is possible to do this manually using multiple charts, what a manual matrix will not provide is any measure of the relative strength. The indicator does this for you automatically by considering the price action across all the related currency pairs and then deriving the relative strength scores accordingly, quickly and simply in a single ladder.

The Quantum Currency Array indicator has been developed to identify and display trends and relative trend strength quickly and easily, identifying those currency pairs which are trending, and those which are not – and in all timeframes, with just one click. The twenty eight currency pairs are displayed as a fan as they sweep from strong to weak and back again. This gives an instant visual picture of those pairs that are trending strongly, those in congestion and those about to develop a trend, in all timeframes and with one click. In displaying all the pairs in an array, this gives an instant view of their relative trend strength and reveals this relationship in a visual, unique and intuitive manner in three very powerful ways. First, the indicator displays the 28 currency pairs in a ranked list, ordered by the strength of the trend. Second, the indicator displays the same 28 major currency pairs as lines that diffuse out creating the array, with varying magnitudes depending on the strength and inclination of each currency pair’s trend. Finally it instantly reveals divergence across a currency complex.

The Quantum Currency Heatmap delivers the complex information you need as a forex trader - FAST. In fact so fast it displays a total of 252 chart snapshots, on one screen. That's twenty eight currency pairs in nine timeframes - almost impossible to imagine if displayed in a conventional way. With the indicator, seeing and interpreting this much trading data has never been so easy! The Quantum Currency Heatmap does this by systematically displaying the "hottest" and "coldest" areas of the forex landscape using an intuitive color coding scheme. It's like a thermal imagery scanner, but for forex! Much like its sister indicator, the Quantum Currency Matrix, it assigns a rank to each of the 28 currency pairs, but from data crunched across the time horizon. Currency pairs are then ranked vertically and horizontally to describe strength and weakness in two dimensions. The ultimate heatmap of bullish and bearish sentiment in all timeframes, and at the click of a button.

The Market Strength Indicator (MSI) is yet another in our stable of volume-based indicators, and as such, is a must-have tool for trading virtually any type of market and across a myriad of applications from trend trading to swing trading, scalping, and much more. While its sister indicator, the Currency Strength Indicator (CSI), helps you analyze which currencies are oversold, overbought, correlating, and trending, the MSI does this also, but in this case, for all markets, including stocks, ETFs, futures, and cryptocurrencies, but with one key difference – VOLUME.

At Quantum Trading, we don’t just build a single indicator and leave it at that! We always take them to another level, and here we have done the same, bundling together a total of five indicators into one amazing value package so you can select your favorite from those on offer. The reason for this is we recognize the different ways the volume-weighted average price VWAP is used, which is why we offer a total of FIVE variants to choose from, and these are as follows:

VWAP – Volume Weighted Average Price
MVWAP – Moving Volume Weighted Average Price
AVWAP – Anchored Volume Weighted Average Price
TWAP – Time Weighted Average Price
Interday Volume Weighted Average Price

The Camarilla levels indicator works in all timeframes on both standard and custom charts, and in every market, so can be used to trade stocks, commodities, forex or indices and for both the NinjaTrader 7 and NinjaTrader 8 platforms.

So whether you’re a discretionary trader who prefers swing and trend trading, or a breakout trader who is perhaps more systematic, the Camarilla levels indicator can deliver it all. And to help you when using the indicator we’ve also included some simple messages to guide you as the various levels are approached and tested, including those all important levels for stop loss placement.

The Quantum VPOC (volume point of control) indicator takes the analysis of volume and price to a higher level, which both complements and expands the linear volume price analysis relationship. Whilst the tick volumes indicator considers the relationship between a single volume bar and its associated candle on the price time x-axis or groups of candles and volume bars, the Quantum VPOC indicator analyses the density and intensity of volume over time against price. In other words the volume price relationship on the y axis. It does this in three distinct ways. First, the Quantum VPOC indicator constructs the volume profile from a set number of bars in history to the most current bar. The volume profile is then presented as a vertical histogram shown at the right edge of the chart – a stack of horizontal bars of varying lengths, but of equal height representing the amount of activity at each price level. Second, the indicator analyzes the volume profile to find the key price levels where activity is strong and rising, or weak and falling. Here the indicator looks for peaks (long bars) of the Volume Profile where price tends to be attracted as these are areas where price was previously accepted. These are called High Volume Nodes (HVN). The indicator also looks for troughs or valleys (short bars) of the Volume Profile where price tends to be repelled as these are areas where price was previously rejected. These are referred to as Low Volume Nodes (LVN). Both types of price level act as precise zones of support and resistance and as such are projected across the chart within the given period. Last indicator looks for the Highest Volume Node or the highest peak in the Volume Profile and marks it as the Volume Point of Control – the price level which acts as the fulcrum from which price pivots and duly develops a bearish or bullish trend as price agreement breaks down once more.

The Quantum Trend Monitor has been designed to for one task. To display trend strength and impending trend weakness. It analyses the price action, and only changes to a transitional color of dark red or dark blue, if the trend is showing a temporary sign of weakness. If it is a true change in trend direction, the indicator will change to a bright color, as the new trend develops. In other words, the indicator does just that. It monitors the strength of the trend. This is displayed as a solid horizontal bar at the bottom of the screen. The trend monitor works in conjunction with the Quantum Trends indicator which works in a faster time horizon, with the Trend Monitor considering price action over a slower time horizon. The indicator is in fact two in one, with a trend line overlaying the trend monitor to provide a view on strength and divergence away from the mean.

The Quantum Trends indicator is the ‘sister’ indicator to the Quantum Trend Monitor. Together they go hand in hand working together to identify changes in trend, but on a different time horizon. The Trends indicator works very close to the price and therefore reflects any subtle change in trend very quickly. As a result the indicator gives the first signals of pauses and reversals which may ultimately be reflected in the longer term trend, which is where the Trend Monitor then steps in. In other words a match made in heaven.The indicator paints the trend as dots which then change color depending on whether the trend is bullish, bearish or in congestion. Once a new trend starts, the dots change colour dynamically, from blue to red or grey.

Pivot points can then be used to identify congestion phases of price action, as they are created dynamically, as well as define trends, again in real time. And of course, not forgetting possible trading opportunities as well. The Quantum Pivots indicator delivers two specific signals based purely on price action. A pivot low, and a pivot high. Both are shown with a yellow arrow. The pivot low is triggered on the candle, when the candles or bars either side have a higher high and a higher low than that in the middle. The pivot high is triggered on the candle, when the candles or bars on either side have a lower high and a lower low. These simple phases of price action then signal potential reversals along with pauses points into congestion, and the development of longer term trends. In congestion phases, the pivots mark the highs and lows of the phase dynamically. In the trend phase, again they mark the upper and lower trend lines as the price action develops.

Support and resistance levels are one of the cornerstones of volume price analysis based on price. However, you can also think of support and resistance in another way. After all, these are also price areas where a market has paused, reversed, or moved into a congestion phase before moving on. As a result these price regions are associated with sustained buying and selling, or what Wyckoff called Accumulation and Distribution. These two concepts go hand in hand, and you can think of these in simple terms as follows:

Accumulation relates to how an area of support performs
Distribution relates to how an area of resistance performs

It is these two powerful concepts which come together in the Quantum Accumulation and Distribution indicator. It is the act of accumulation (buying) over a sustained period which creates the support region, whilst the act of distribution ( selling ) over a sustained period create the resistance region. Having the power to see both, gives you unparalleled insights into price behaviour at these key levels, and the confidence to forecast future market behaviour as a result.

Volatility is a term which is often heard in trading, and indeed is often to be welcomed as it signal price action is moving. However, volatility itself has no direction, it simply means price action is moving outside the 'expected regions' in that timeframe. Volatility general arrives due to the participation or lack of participation of the market makers and insiders, and as such we need to see volatility expressed at the live edge of the market and not historically as with many other indicators. And this is what the indicator does in real time. The Quantum Dynamic Volatility indicator signals this volatility, using average true range. The indicator is constantly scanning the price action for extremes, and when they arrive, are signalled on the chart with a purple arrow, above and below the candle.

The Quantum Tick Speedometer has been developed for those traders who wish to trade using trick charts, but where the application of volume price analysis can also be incorporated in the trading approach. The indicator signals the optimal settings for tick charts, based on the equivalent time charts, thus ensuring traders are trading at the optimal tick speed setting in all market conditions and for all instruments and timeframes. In converting time based charts to tick charts, this also then offers the opportunity to apply volume price analysis methodology to the time base chart, yet trade using the tick chart equivalent. It is a powerful indicator designed for pure scalping traders.

The US dollar is the currency of first reserve and one of the top three in the forex world. In order to track the US dollar on the MT4 platform we have created the Quantum USDX index to provide a more ‘balanced’ view of the US dollar. It has only four currencies and these are all equally weighted, in the same way as with the Quantum JPY indicator. The four currencies are the euro, the pound, the yen and the Aussie dollar, all equally weighted at 25%. The Quantum USDX indicator displays strength and weakness in the US dollar against this basket of currencies. It can be applied to any chart in any timeframe, to give an instant view of the US dollar in global terms.

The second most important currency in the forex world is the Japanese yen, and with the JPYX indicator, this provides a global view of strength and weakness on a simple index. It has been designed to give you the heads up on where the Japanese yen is heading next, against a basket of four currencies. The index is then constructed using an equal weighting of 25% based on the euro, the US dollar, the Aussie dollar and the New Zealand dollar. Best of all, you can simply attach to the bottom of your chart, and never have to leave your MT4 account. The indicator plots strength or weakness in the Yen, supported by two simple moving averages.

The Euro Currency Index quantifies and displays strength and weakness of the single currency. As the index rises it suggests strength in the single currency against a basket of currencies. As the index falls this signals weakness in the Euro. The Quantum EURX is calculated from a basket of four currencies with each currency having an equal weighting of 25%.

US Dollar
Japanese Yen
British Pound
Australian Dollar

The indicator plots strength and weakness of the Euro as a candlestick chart in a separate indicator window when you attach it to the chart. Add to that, there are two configurable simple moving averages to make chart reading easier.