sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

The Composite Momentum Oscillator was ported from here. We have no information on this one other than what's provided in the link. It tracks the rapid up and down cycles of a security, making it a good day/swing trading tool for traders who need a better view of market momentum. Additionally, it does relatively well in predicting implied tops and bottoms making it easier to exit the trade on time.  Here are its key features:

• There are two levels to supply and demand. We have coded the indicator to change color only if the upper and lower limits are crossed. Crossing the extreme limits is a decent indication of a top/bottom.
• We have changed the terminology a bit. We determined that it is better to use terms such as "Fast Period", "Slow Period" to help gauge how this indicator would react to changing parameter values.

Composite Momentum Features:

• Curve will color based on which zone values are housed at. This can be customized by the user.
• Custom data input. Choose between Close, HL2, HLC3 etc...
• Custom shade color and opacity.
• Custom lookback period, thus affecting calculations output.

Review the screenshots and video for setup options and demonstration. 

Frequently Asked Questions about the Composite Momentum Oscillator for NinjaTrader

How does the Composite Momentum Oscillator help identify market cycles?

The Composite Momentum Oscillator tracks rapid up-and-down cycles in the market, providing a visual representation of momentum shifts. It changes color when the market crosses upper and lower limits, indicating potential tops and bottoms.

Can the Composite Momentum Oscillator be customized?

Yes, the Composite Momentum Oscillator for NinjaTrader offers several customization options. You can adjust the color-coded curve, choose different data inputs, customize the shade color and opacity, and set the lookback period to affect the calculations output.

Is the Composite Momentum Oscillator suitable for day and swing trading?

Yes, the Composite Momentum Oscillator is designed for day and swing trading. Its focus on rapid cycles makes it ideal for capturing short-term price movements. The color-coded zones provide a quick visual cue for identifying potential entry and exit points.

How do I use the Composite Momentum Oscillator in my trading strategy?

The Composite Momentum Oscillator can be used to identify potential market tops and bottoms based on color changes. For day trading, monitor these color changes to make timely decisions. For swing trading, use a longer lookback period to capture broader trends.

What is the best way to customize the Composite Momentum Oscillator?

Customization depends on your trading style and objectives. Experiment with different settings for the color-coded curve, data input, shade color, and lookback period to find what works best for you. Consider adding other technical indicators to confirm signals.

Should I use the Composite Momentum Oscillator alone or with other indicators?

While the Composite Momentum Oscillator is powerful on its own, it should be used in conjunction with other technical indicators for a comprehensive trading strategy. Combining it with moving averages, trendlines, or other momentum-based tools can enhance the reliability of your trading decisions.

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