Navigating the trading landscape requires reliable tools and techniques. Today, we’re diving into the roadmap signals displayed on two popular charting platforms: TradingView and NinjaTrader. This comparison will help you decide which platform suits your trading needs best.
Platform Overview
On the left side of the screen, you’ll find the TradingView charts, while the right side displays the NinjaTrader charts. Both platforms are widely used by traders, and understanding their similarities and differences is crucial for making informed decisions.
Roadmap Signals Explained
TradingView Chart Roadmap Signals
The rules for interpreting the roadmap signals are the same across both platforms, as discussed in our live trading room sessions. The roadmap zone indicates where the market is heading, and two potential scenarios can unfold:
- Reversal: If the price candles, regardless of the time frame (1 minute, 5 minutes, or 30 seconds), land in the roadmap zone and then reverse, a signal is generated.
- Continuation: If the price continues through the roadmap zone, a different signal appears.
For example, if the price bounces off the roadmap zone and reverses, a target is set using one times the Average True Range (ATR). The purple line on the TradingView chart indicates the entry point if the price continues through the zone. This target calculation is customizable, and users can adjust the style, colors, and alerts to their preferences.
NinjaTrader Chart Roadmap Signals
The same principles apply to NinjaTrader charts. The roadmap zone works similarly, indicating where the market might reverse or continue its trend. Despite slight differences in data feeds, the signals on NinjaTrader closely match those on TradingView.
For instance, if the market hits the roadmap zone and reverses, a signal is generated, similar to TradingView. However, if the market goes sideways, it’s advisable not to hold onto the trade for too long. A 10-15 minute window is recommended for making exit decisions in such scenarios.
Comparing Signals
Both platforms provide consistent signals, but entering trades closer to the roadmap zone increases accuracy. Avoid chasing trades if you miss the initial entry point; it’s better to wait for the next signal.
On TradingView, when the price breaks through the roadmap zone, a yellow candle indicates a potential short trade. The same logic applies to NinjaTrader, where a line shows the entry point for short trades.
The ABC Indicator for TradingView
For those using TradingView, we offer the ABC indicator, available for free. Visit DayTradeToWin.com to sign up for a free member account and access the ABC indicator. We also provide comprehensive training programs, including the accelerated mentorship class, which covers all our software at a discounted rate.
Conclusion
Both TradingView and NinjaTrader offer robust roadmap signals, aiding traders in making informed decisions. By understanding how to interpret these signals and entering trades at optimal points, you can enhance your trading strategy. Visit DayTradeToWin.com for more information, free software trials, and detailed training programs to elevate your trading skills.
