Kama Coder

KamaCoder continues developing custom indicators for retail traders using the NinjaTrader platform. Unlike some technology providers, we do not promote any specific trading strategies. It is our belief that every successful trader need and will find a strategy that fits his unique style through his own research and testing. However, he does not need to start from scratch. There are many trading strategies public available that can either serve as initial blueprints or provide valuable insights.

Some of our custom indicators are derived from popular trading strategies. Using them will substantially expediate your quest for a winning strategy. Other custom indictors mimic the function of those in non-NinjaTrader platforms. Using them will allow you to import your favorite indicators to NinjaTrader without commissioning a custom development.

 

KamaPivotRange Indicator   Free Download!

KamaPivotRange indicator plots the daily pivot range described by Mark Fisher in his book, The Logical Trader. Floor traders have been using the method to identify the key area where the market is likely to find support or meet resistance. The daily pivot point is calculated as (High + Low + Close) / 3, where High, Low, and Close are the high, low, and close price of the prior trading day, respectively. The daily differential is calculated as Pivot Point - (High + Low) / 2. The upper and lower bounds of the pivot range are the pivot point plus or minus the pivot differential. Fisher has proposed several trading strategies based on the daily pivot range. Please refer to his book for all the details.

The indicator has an interesting parameter, SettlementBars. It is intended to approximate the settlement price. When it is set to 1, the close price of the prior trading day is used in the calculation of the pivot point. When it is set to a value higher than 1, say, 10, the calcuation instead uses the average of the typical price of the last 10 bars of the prior trading day.