The 9 Essential Remek! Indicators

In yesterday’s workshop we reviewed our 9 Essential Remek! Indicators. This time around we provide an easy summary in writing, as seen below, with links to relevant video resources that describe each indicator in detail.

You will find that a careful review and consideration of these indicators, and how they can fit into a given trading process can boost results significantly.

Also note that some of these indicators have been made famous by legendary traders who have worked on platforms other than NT. Thanks to Remek!, these classic indicators are today available to traders on the Ninjatrader platform.

Check these beasts out, and put them to good use: each can be a significant addition to the power already offered by The Remek! Momentum Pro Standalones strategies.

And needless to say, all Remek! indicators are fully compatible with Shark Indicators’ Bloodhound/Blackbird suite, so there’s nothing stopping you if you want to use these tools to build your own trading system!

1. Remek! Current Day OHL for NT8: especially useful to traders who want to become experts in catching trending days.

2. Remek! Momentum Pro Indicator: the foundation of our three Standalones strategies.

3. Remek! VolumeTick with Sound helps identify large player participation on intraday tick charts. Especially useful when used in conjunction with our Remek! Current Day OHL for NT8 indicator.

4. Remek! Relative Returns (also described here), which closely resembles AHG’s classic SigmaSpike.

5. Remek! Pivots is a profound educational tool, which helps understand how price action shapes and creates market structure. A must-have indicator for the serious technical trader. (Note: the concept is beautifully described on p. 16 of this classic.)

6. Remek! MACD: the NT8 implementation of Raschke’s classic 3-10 Oscillator, our reliable workhorse to measure momentum. For a deeper study of the concepts behind this indicator, see also p. 409 of the above classic. Used and made famous by two trading legends, this indicator has been available for traders on the NT8 platform, exclusively from Remek!

7. Remek! Relative Strength compares an asset of your choice to a benchmark of your choice, thereby measuring relative strength between two assets. (Note: this indicator is not related to the otherwise useful RSI indicator, which, in fact, has nothing to do with relative strength.) RRS can be extremely useful for making strategic decisions about resourse allocation between asset classes (e.g. equities vs. metals vs. cryptos vs. energies, or between various currencies as compared to the USD).

8. Remek! Converter is a unique powerhouse, which converts volatility (price movement) into dollars, thereby giving an accurate picture of the risks involved when trading various instruments. See also this video for a useful tip. (Note: RC is shown as “USD” in the last column of Remek! Market Scanner Pro in many of our videos)

9. Remek! Inside Bar, as the name suggests, identifies inside bars (and also double inside bars). While the concept of volatility contraction leading to volatility expansion is well-known and the pattern is strong enough to provide an edge, many traders miss too many opportunities. Whether used on the chart or in Remek! Market Scanner Pro, or both, this indicator can help you increase the number of successful 1R trades coming out of volatility compressions.

Also see our other blogposts about our indicators, as well as our Forum for further discussions. Questions on these indicators? Write to us!

Workshop recording available

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Check out the slides and the recording of our workshop on BTX and how it can expand your possibilities under NT8! Also make note of our new membership packages!

But first, a quick summary of backtesting in NT8. The basics:

• ATMs cannot be backtested in NT8.

• Therefore PRO STR cannot be backtested since it uses an ATM.

• But there’s a workaround which is always available, subject to downloaded data: Market Replay (called Playback in NT8).

• BT does not show historical data on the chart (because it never took them). BT will show trades on the chart, though, that it took going forward.

• BTX does show historical trades on a chart.

• With BTX, it’s possible, in the Strategy Analyzer, to backtest long trades only or short trades only or both. Backtesting by direction may be of relevance in certain situations, e.g. for those who never short stocks.

Remek Workshop 2024 04 09 - Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Monte Carlo in 1 minute

Trading without an edge is like flipping coins. Watch us do the work on our youtube channel.

Monte Carlo in 1 minute - For educational purposes only. Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.