will stockspy work on ninjatrader charts

We are directional traders, but we are significant price and price action traders – we must know where chart resistance and support is located to trade our method.The primary weakness with renko trading charts come from the way they show price in the form of the brick size –vs- showing all chart prices.And this allows for monitoring a lot of different charts for setups.However, this is also what can eliminate a lot of the consolidation trading that is best to avoid.I suppose this is more of a neutral than a strength or weakness, but it does take some use to when trading the renko charts – I am referring to how few bricks you may get, because so many of the price bars are eliminated.This can be very helpful with staying with direction and avoiding consolidation trading.The primary strengths with renko trading charts come from the way they can show directional moves, while removing a lot of noise from the charts.This video will discuss the renko indicators inputs and parameters, along with the related chart setup.īut before talking about the renko indicators and chart setup, I want to give some of my general thoughts at this point about renko trading charts and how they fit our trading method strategies: Our renko chart trading will use a new group of trading indicators that are coded for the TradeStation and NinjaTrading charting programs.

Will stockspy work on ninjatrader charts