Of course every indicator has his own set of properties depending on it’s funtionality, but from an abstract point of view there are two types of indicators; one that has something to do with market direction or strength and one that doesn’t.
The Market Direction Indicators send signals and therefore inherit all three property categories from the framework, Strength indicators like the ADX do send signals and thus also inherit all three properties, and the Non-Market Direction Indicators don’t send signals and only inherit one or two property categories. These property categories are explained on this page.
Market Direction Indicators
All Market Direction Indicators generate direction signals (Weak Long, Strong Short etc) and can show, alert and email them and send them to the ChartMonitor dashboard. This also applies to Market Strength Indicators. Both indicator types are equipped with three main property categories:
- Alerts (alert and email)
- Signals (also in the Alert section)
- Location (display of indicator signal box in the indicator panel)
Alert section – alert and email
The alert section determines if the indicator itself sends a NinjaTrader Alert or email, and if and how the signals are sent to the ChartMonitor Dashboard.
In this section you set the alert and email properties:
|Enable Alerts||If checked enables alerting for this indicator only with a sound and a message in the NinjaTrader Alert Log window. This has no impact on alerting via ChartMonitor whatsoever; signals are always sent to ChartMonitor|
|Alert Sound||The sound file to be used when an alert is fired|
|Enable Emails||If checked enables email for this indicator only sent to the NinjaTrader Share Service ‘Email’. This has no impact on email via ChartMonitor whatsoever.|
You can access share services in NinjaTrader 8 by going to the Control Center > Tools > Options > General > Share Services. Here’s the relevant Help Guide page:
Popular email setups are covered in this forum post:
|Email Address||Your email address|
Signals are always sent to ChartMonitor regardless of the Alert and Email settings for the indicator itself.
The Alert and Email setting of a ChartMonitor defines whether the combined Strong signal alert and/or email is sent.
Most of the time you’re (only) interested in that combined signal, so by default the Alert and Email settings of ‘normal’ indicators are unchecked and for the ChartMonitor they’re checked.
Alert section – Indicator signals
As explained in “How does it work” the signals of multiple indicators can be combined to calculate a final strength signal.
This calculation depends on the grouping and weight of the indicators.
If you set the Indicator Weight to zero it will not be sent to the ChartMonitor and thus not be a part of the final strength calculation. This also applies to the Indicator Name; without a Name the indicator is standalone.
You could set the weight to zero or leave the name empty if you want an indicator for informational purposes only, so the signal will just show in the indicator panel itself.
So next to signals: here’s where you set the signal properties:
|Indicator Group||If the Group is empty, the indicator’s signal will be sent to all ChartMonitors on all Charts with the same Instrument.|
So if you want to separate indicator signals from one Chart to another with the same Instrument, you need to specify an Indicator Group name that matches the Group name of the corresponding AT ChartMonitor
|Indicator Name||If the Name is empty, the indicator’s signal will not be sent to the ChartMonitor (same as a zero Weight). So if you want to use the ChartMonitor with this indicator, you need to specify a Name.|
The Name will also be shown in the indicator’s panel Signal box
|Indicator Weight||If the Weight is 0 (zero), the indicator’s signal will not be sent to the ChartMonitor (same as an empty Name). So if you want to use the ChartMonitor with this indicator, you also need to specify a Weight.|
The Weight will be used in the combined strength calculation, so a bigger weight gives an indicator a higher priority
Finally the Location section. Here you define where you want the indicator’s Signal box to appear within the indicator panel.
|Show indicator signal||For Market Direction and Market Strength Indicators you can choose between BottomLeft, BottomRight, TopLeft, TopRight and Off.|
You would probably only select ‘Off’ if you have an indicator that’s shown in the pricepanel (like an EMA or Donchian).
Whatever location you choose, the indicator’s signal will be sent to ChartMonitor(s) based on the Indicator Signal settings above
|Indicator vertical offset||This allows you to define a vertical offset (in pixels) to the nearest border|
|Indicator horizontal offset||This allows you to define a horizontal offset (in pixels) to the nearest border.|
Horizontal and Vertical offset make it possible to have multiple indicator signals in the price panel without overlapping eachother
Non-Market Direction Indicators
Non-Market Direction Indicators that aren’t Strength Indicators don’t have an Indicator Signals category, but they might have Alerts and some also have a Location.
If that’s the case it is explained in the Description tab of the Indicator.
Examples are for instance the AT ChartMessage, AT BarTimer and AT Calendar.
Now that you know about setting indicator alert, signal and location properties, let’s continue with the central dashboard of the system.
Read more about the ChartMonitor or go back to the previous page.