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Market Breadth indicators: NYSE Tick and NYSE advance and Decline Line

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    Market Breadth indicators: NYSE Tick and NYSE advance and Decline Line

    Hello All,
    My intention is to trade with the prop firm "Topstep". I will be trading the the emini S&P 500 futures contract on the Ninjatrader 8 platform with "Rythmic" data feed both provided by Topstep.
    With this trading setup will I be able to access and use the market breadth indicators: NYSE Tick and NYSE Advance Decline Line?.
    Your advice will be highly appreciated.
    Thanking you in advance.​

    #2
    Hello SanjayR​,

    Thank you for reaching out.

    The ADD (Advance/Decline) instrument is not available through all data providers. Unfortunately, to confirm whether Rithmic provides this data, you would want to reach out to Rithmic or your Account provider.

    If you do not receive data for this instrument from you provder, you may use a spread indicator on the ADV and DECL ( ADV and DECL are what ADD is based on) instruments to calculate the ADD.

    To accomplish this, I would suggest installing the AdvanceDecline indicator our NinjaScript Team created. You may find this indicator publicly available on our NinjaTrader Ecosystem website:
    Click image for larger version

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    Here is a basic guideline of how to import NinjaScript add-ons in NinjaTrader 8:

    Note — To import NinjaScripts you will need the original .zip file.

    To Import:
    1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
    2. From the Control Center window select the menu Tools > Import > NinjaScript Add-on...
    3. Select the downloaded .zip file
    4. NinjaTrader will then confirm if the import has been successful.

    Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'

    Once installed, you may add the indicator to a chart by:
    • Right-click your chart > Indicators... > Select the Indicator from the 'Available' list on the left > Add > OK

    Here is a short video demonstration of the import process:
    After installing this indicator and adding it to the chart, the only modification I did was to have it in its own panel, rather than the data series' panel. This option may be changed as part of the indicator settings directly:

    Click image for larger version

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    Please let us know if we may be of further assistance.


    The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.​​
    Erick P.NinjaTrader Customer Service

    Comment


      #3
      Thank you Sir for providing me with this valuable information.
      It is appreciated.
      Do have a nice day.

      Comment

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