• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Indicator Club

  • Indicators
    • All Indicators
    • Free Indicators
    • Join the Club!
    • Indicator TImeline
  • Blog
    • All
    • NinjaScript Tutorials
    • Trade Ideas
    • Free Strategies
    • Favorite Posts
  • FAQ
  • My Account
    • Activate License
    • API Keys
    • API Downloads
  • Contact
  • Cart

November 22, 2016 by The Indicator Club 2 Comments

Can Your NinjaTrader Super Trend Do This?

By far one of the most popular indicators is the NinjaTrader Super Trend. It is extremely popular due to it’s ease of use and how clearly trends can be defined, which works as a great stand alone system, or a filter / add-on for any trader’s system. At The Indicator Club, we thought it was about time that the Super Trend was upgraded! We developed the Super Trend MA in an attempt to give traders greater control over this great indicator.

The Framework that we develop all of our indicators on provides these BIG upgrades to an already great indicator:

  1. Multi-time frame (MTF) is a standard and is as easy as changing the MTF option from False to True.
  2. The trader can select any of our Moving Averages to use with the Super Trend.

Most Basic: Single Super Trend

Below are images of the most basic view of the Super Trend, which is just one Super Trend applied to a CL 10 range chart (our favorite day trading chart for the CL). The difference in the images below, as compared to the normal Super Trend indicator, is that we are using a Super Trend with a HoltEMA. As you can see in the pictures, the direction of the market is very clear, but we can do better.

NinjaTrader Super Trend: Single #1

NinjaTrader Super Trend: Single #1

NinjaTrader Super Trend: Single #2

NinjaTrader Super Trend: Single #2

NinjaTrader Super Trend: Single #3

NinjaTrader Super Trend: Single #3

Double Super Trend / MTF Super Trend

To build upon the clear trend in the above pictures, we can add an additional Super Trend, but this time, it will be based on a 20 range chart. In the images below, the thickest line on the charts is the MTF Super Trend based on a HoltEMA. The dotted line and bar colors are based on the Super Trend in the pictures above. Looking at the pictures are you able to easily spot where the trend is?

NinjaTrader Super Trend: Double #1

NinjaTrader Super Trend: Double #1

NinjaTrader Super Trend: Double #2

NinjaTrader Super Trend: Double #2

NinjaTrader Super Trend: Double #3

NinjaTrader Super Trend: Double #3

Advanced: Entry Types

There are four common ways that we have seen traders attempt to trade the Super Trend. Each of the below concepts are also presented in the corresponding image:

  1. Setup Example #1: The first step in this setup is to define the trend based on the MTF Super Trend. Once the trend is found (red = down trend, green = up trend), for this example we will assume the trend is down, then a trader would wait for the Non-MTF Super Trend to be the opposite color of the MTF Super Trend (so wait for green). Once the Non-MTF Super Trend is green, a pending sell order could be placed on the green plot (and the exact opposite for when the MTF Super Trend is in an up trend).
  2. Setup Example #2: This setup builds on Setup #1, but let’s assume the trader did not place a pending sell order on the green plot, but instead, after price closed below the green plot and the Non-MTF Super Trend turned red, the trader did the following. The trader waited for price to move X ticks from where the Non-MTF Super Trend changed color and then placed a pending sell order at the last value the Non-MTF Super Trend was before it turned green (see picture for clarification).
  3. Setup Example #3: This setup does not build on either of the two prior setups. The first step in this setup is to wait for both Super Trend’s to be in the same direction / color (for our example we will assume red / down trend). After that, a pending sell order could be placed on the Non-MTF Super Trend. For more aggressive traders, if the trade does not immediately move in your direction, we have also seen people add to their position by drawing a fib between the last values where both Super Trend’s were red and then placing sell orders at one, or multiple levels (see picture for more clarification).
  4. Setup Example #4: The final setup is extremely simple and has the potential for the greatest number of ticks. To enter a position, the rule is very simple: wait for the MTF Super Trend to change direction and then enter the direction of the trend (in the image, the trend changed from up (green) to down (red), so we will assume the position is short). For more aggressive traders / swing traders, positions could be added to the open short position based on any combination of setups #1 – #3.
NinjaTrader Super Trend: Setup Example #1

Setup Example #1

NinjaTrader Super Trend: Setup Example #2

Setup Example #2

NinjaTrader Super Trend: Setup Example #3

Setup Example #3

NinjaTrader Super Trend: Setup Example #4

Setup Example #3

Video on Developing Charts and Going Over Setups

Filed Under: Favorite, Trade Idea Tagged With: Day Trading, Forex Trading, Futures Trading, Moving Average, NinjaTrader 7, NInjaTrader 8, Oscillator, Stock Trading

Reader Interactions

Comments

  1. Aldwin Agujo says

    February 19, 2018 at 4:25 pm

    can this work on ninjatrader 8

    Reply
    • The Indicator Club says

      February 19, 2018 at 7:55 pm

      Yea, we’ve converted all of our indicators over to NinjaTrader 8

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Top Shelf Trader October 6, 2017
  • Use Any Indicator with Our Frameworks: Universal Inputs September 21, 2017
  • NinjaTrader Training: Part 10: Coloring Plots and Backgrounds September 1, 2017
  • NinjaTrader Training: Part 9 – AddPlot and Plot Variables August 31, 2017
  • NinjaTrader Training: Part 8 – Referencing Indicators August 30, 2017

Post Tags

Advance Internals Automated Backtest Day Trading Detrend Forex Trading Free Futures Trading Learn Moving Average MTF NinjaScript NinjaTrader 7 NInjaTrader 8 Oscillator Pivot Points RSI Stock Trading Strategy Vix Trend Volume

Footer

WHO WE ARE

The Indicator Club is made up of normal traders and professional software developers who want to share their indicators for a fraction of the cost it would take to code just one!

The Indicator Club

Purchase & Support

To get access to all of our current and future indicators and strategies, check out our Complete Package.

If you need support please email [email protected], or head over to our contact page.

New Releases

  • NinjaTrader 8 Osc Universal Input Osc Universal Input $497.00
  • NinjaTrader 8 MA Universal Input MA Universal Input $497.00
  • NinjaTrader 8 Bar Orders Bar Orders $297.00
  • NinjaTrader 8 Tick Offset Tick Offset $0.00

Recent Posts

  • Top Shelf Trader
  • Use Any Indicator with Our Frameworks: Universal Inputs
  • NinjaTrader Training: Part 10: Coloring Plots and Backgrounds
  • NinjaTrader Training: Part 9 – AddPlot and Plot Variables

Copyright ©2020 | All Rights Reserved | By Using This Site you Agree to our Terms and Conditions, Risk Disclosures, and Software Agreement

NinjaTrader Disclosure: NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

RISK DISCLOSURE: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.