NINA is a powerful Vertex F X client side V T L indicator that gives excellent entry and exit signals. The concept behind the NINA indicator is using Average True Range (A T R) and threshold levels for trading.
In the first step we calculate the Average True Range (A T R) over the WATR PERIOD. This value is multiplied by KWATR multiplier. In the next step, the average of this value is calculated again over the WATR PERIOD. Additionally, the maximum and minimum values are calculated over the same period.
This value is divided into 3 steps, the minimum value, center value and the highest value.
BUY - Enter BUY trade when a BUY (GREEN) arrow is displayed at the close of the candle. Do not enter BUY trade if candle has gap-up opening, or if indicator YELLOW line is below indicator BLUE line. Place Stop-loss below the nearest Swing Low.
SELL - Enter SELL trade when a SELL (RED) arrow is displayed at the close of the candle. Do not enter SELL trade if candle has gap-down opening, or if indicator YELLOW line is above indicator BLUE line. Place Stop-loss above the nearest Swing High.
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Thread: NINA- Vertex FX Indicator
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20-01-2016, 05:16 AM #1
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