> For the complete documentation index, see [llms.txt](https://docs.quantvue.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.quantvue.io/our-tools/ninjatrader-tools/moneyball-oscillator.md).

# "Moneyball" Oscillator

The Moneyball is a complex trading indicator that's **not just a simple oscillator or RSI**. It uses sophisticated mathematical formulas and arrays to:

* Identify chop zones in price action
* Look for specific price movements and breakouts
* Combine momentum and level analysis

<figure><img src="/files/Ct8L9JnN1nfX9CSKFCSY" alt=""><figcaption><p>Moneyball Indicator on NQ 20 Renko Chart</p></figcaption></figure>

### Settings

<figure><img src="/files/nyIVr8Ih5d2khdL9YAym" alt=""><figcaption></figcaption></figure>

#### Colors

* UpColor - Change the color here for the bullish Moneyball bars
* DownColor - Change the color here for the bearish Moneyball Bars

#### Parameters

* Nb\_bars - Number of bars required before next alert
* Period - Controls the amount of data the script uses for calculation.
  * 4-8 for scalping
  * 8-20 for trend bias
  * Anything below 4 becomes erratic
* All\_Zero - Keep this checked
* Upper Threshold - The level that the Moneyball indicator must meet for a bullish alert
* Lower Threshold - The level that the Moneyball indicator must meet for a bearish alert
* Sensitivity - A fine-tuning setting. Move in micro-adjustments (0.1-0.3). Higher values = earlier signals
* Mode - Leave this on M. M1 and M2 are for testing