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ZERO LAG TEMA
The Zero Lag TEMA Is an advanced variation of the standard TEMA (Triple Exponential Moving Average). It combines three exponential moving averages (EMAs) to produce a smooth yet responsive indicator designed specifically to reduce the lag typically found in conventional moving averages. By providing quicker signals, it allows traders to identify trends earlier and enter trades with improved timing. Calculation and Logic The standard TEMA calculation is: TEMA = 3 × (EMA₁ – EMA₂) + EMA₃ Zero Lag TEMA refines this approach by minimizing the inherent delay in data responsiveness, resulting in an indicator that closely tracks current price action without significant delays. How to Use the Zero-Lag TEMA Indicator…
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Trade Detector V2 Free
Functionality: Transaction Detection: TradeDetectorV2’s core function is to identify and display major transactions within a very short timeframe at specific price levels. It particularly focuses on limit orders where large volumes are traded at the same price. It classifies the magnitude of these transactions using three different volume thresholds (500, 1000, and 1500(customizable)). It is recommended when switching from Minis to Micros to increase the volume threshold Visual Signals: When a significant transaction is detected, the indicator visually marks this event on the chart with: Dots: Colored green for bullish transactions (buying) and purple for bearish ones (selling). Lines: These extend from the transaction price to the current median…
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Pin Bar Free Indicator
Pin Bar Indicator for NinjaTrader The Pin Bar Free Indicator is a robust tool designed for the NinjaTrader platform that identifies pin bar formations, which are key signals of potential market reversals. This indicator detects both bullish and bearish pin bars, offering traders a powerful method to spot high probability entry and exit points based on price action. Features: – Automatic Detection: Scans charts in real-time to identify the formation of bullish and bearish pin bars. – Customizable Sensitivity: Features an adjustable threshold multiplier that allows traders to set the sensitivity of pin bar detection, catering to both conservative and aggressive trading styles. – Visual Alerts: Marks identified pin bars…
