The opinion of your indicators

Traders need an overview of the combined opinion of all their technical indicators. Once you add several indicators in or below your chart, it is difficult to monitor all indicators and derive a combined opinion. The NanoTrader shows you the combined opinion. It is visualized as a colour in the main chart's background. And ... Tactic Orders can automatically place orders based on the combined opinion of your indicators. As usual in NanoTrader, this requires no programming.

The advantages of this tool are:

  • You see the combined opinion of your indicators.
  • Your main chart is not cluttered by technical indicators.
  • You can automatically send orders based on the combined opinion of your indicators.
  • No programming is required.

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TECHNICAL INDICATOR OPINIONS

NanoTrader offers the trader access to over 200 technical indicators. Unique to the NanoTrader is that the trader can combine indicators in different timeframes (aggregated indicators).

In this example the trader added three indicators. The bullish (green), bearish (red) or neutral (white) opinion of the indicator is visible in its chart background. The market chart at the top shows their combined opinion: all indicators are bullish (green), all indicators are bearish (red) and some are bearish, some are bullish (white). This is much easier to interpret.

Trader using three technical indicators. Their combined opinion is in the main chart.

This is the same chart as above but with the indicators not visible and only the combined opinion visible. This chart is very easy to interpret without the clutter of the indicators visible.

Combined opinion of the technical indicators in the main chart.

CONVERTING INDICATOR OPINIONS INTO ORDERS

The Tactic Orders function allows traders to convert the opinion(s) of their technical indicator(s) into orders. This can be done without programming.

This example shows a trader using two of his three indicators to generate an order. He as opted for ‘unanimity’ in is indicators’ opinions and asks for a report to confirm a preformatted order. The trader accepts buy and short sell orders.

Tactic Orders in NanoTrader: automated orders based on technical indicators.

Download a free real-time demo of the NanoTrader Full trading platform

Copyright 2016. WH Selfinvest, 291  Route d'Arlon, 1150 Luxembourg, Luxembourg

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