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Arnaud Legoux Moving Avg (NT)
- Categories: Indicator, NinjaTrader
- Tags: Adaptive, Moving Average
- Type: Free
The Arnaud Legoux Moving Average (ALMA) for NinjaTrader is a technical indicator that aims to reduce lag and improve smoothness by combining a Gaussian distribution to weigh prices.
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
Introduction
The Arnaud Legoux Moving Avg (ALMA) for NinjaTrader is a technical indicator that aims to reduce lag and improve smoothness by combining a Gaussian distribution to weigh prices, focusing more on the most recent prices to better align with current market trends.
The Arnaud Legoux Moving Average (ALMA) has several user inputs that allow traders to customize the indicator according to their trading strategy and preferences:
- Window Length: This determines the number of bars used to calculate the ALMA. A longer window smooths out the moving average more but can increase lag, while a shorter window makes the ALMA more responsive to price changes but may also increase noise.
- Offset: The offset controls the lag by shifting the moving average closer to the current price or further away. An offset closer to 1 moves the average closer to the most recent price, reducing lag but potentially increasing noise.
- Sigma: Sigma determines the width of the Gaussian weighting curve. A higher sigma value increases the weight of the prices in the middle of the window, making the moving average smoother. A lower sigma value focuses more on the recent prices, making the ALMA more responsive to recent price changes.
Arnaud Legoux Moving Avg Features:
The indicator offers the option of a custom input other than 'Close' value.
This indicator comes bundled with other adaptive moving averages and other indicators:
- Wilder's Moving Average (Wilders)
- Adaptive Moving Average (AMA)
- Adaptive Exponential Moving Average (AEMA)
- Kaufman Adaptive Moving Average (KAMA)
- Fractals Adaptive Moving Average (FRAMA)
- Daily VWAP
FAQs
What advantages does the ALMA NinjaTrader Indicator offer?
ALMA reduces lag and enhances smoothness in market trend analysis, providing traders with a more accurate and timely reflection of current prices.
How can I customize the ALMA indicator in NinjaTrader?
ALMA offers adjustable settings for window length, offset, and sigma, allowing traders to tailor the indicator to their specific trading requirements.
Is ALMA compatible with other trading indicators?
Yes, ALMA comes bundled with other adaptive moving averages and indicators, making it a versatile tool for comprehensive market analysis.
What does the sigma setting do in the ALMA indicator?
The sigma setting adjusts the Gaussian distribution's width, influencing how recent and older prices are weighted, thus affecting the indicator's responsiveness and smoothness.
Review the screenshots for setup options.
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