$199 | Lifetime license + updates
Visualise .market volatility and spot potential reversal opportunities using the TDU Devil Bands.
The TDU Devils bands are dynamic bands which widen and shrink depending on the volatility of the market. The center line uses a McGinley Line instead of a plain moving average. The advantage of the McGinley line is that it adjusts itself in relation to the speed of the market. This is exactly where a normal moving average fails. For example how can one know when to use a 10,20 or 50 moving average in a slow or fast market. The McGinley was built to automatically adjust to the current speed of the market and so proves to be a much more adaptable and useful tool to utilize.
Starting with the McGinley line at the centre of the bands, the upper and lower bands are by default placed at a distance of 1-ATR (you can change this to any other ATR distance you like). Price often reverses when it reaches a distance of 1-ATR from the mean. So the upper and lower bands are ideal spots to start looking for trade opportunities.
- Trend following
- ATR based bands
- Slope color
To use this indicator you must have a valid copy of NinjaTrader 8. License allows use of this indicator on a single trading computer validated using your machine ID.
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Licensing includes lifetime use of this indicator on a single trading computer. Lifetime support and updates are included and provided through the TradeDevils website. Download of your indicator and verification of your NinjaTrader 8 machine ID can be done through your personal TradeDevils account. If you change hardware, license can be moved to a different machine ID. If you have any questions about this indicator or others feel free to get in touch with us using the live chat or via our email address (firstname.lastname@example.org)