Today’s chart displays 8 separate instruments all in the same chart canvas. This is made possible by NinjaTrader’s powerful multi-series charting capabilities. Taking a quick look at these daily line-on-close charts all in the same window can help traders take a look at their portfolio at a glance and make decisions based on overall market sentiment. It appears that many other stocks have seen a nice bullish trend recently as well and it begs the question of where to exit on long positions in these markets and where to plan for a reversal. The ability to view several markets as well as indexes and market metrics within NinjaTrader can be a great advantage to traders planning to buy into the new highs with an entry position or determining their exit strategy in case they pull back. Kinetick allows NinjaTrader users to chart these instruments with Free End of Day daily data.
For example, one index that many traders will watch when new highs or lows are met is the CBOE Volatility Index ($VIX). Spikes in this index may indicate a change in market sentiment and provide traders with a clearer view of what the overall market is doing. Not only is this a great tool for traders, but there are several derivatives of the index that can be traded as well providing even more opportunities in high volatility markets.
Stay on top of the markets you trade and find new ways to trade with NinjaTrader and extensive data offered through Kinetick!
{jathumbnailoff}
MrTopStep, its officers, and directors are not agents, representatives, or affiliates of the CME Group. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
