"Qwave" Indicator
The Qwave NinjaTrader indicator is essentially the same Qwave indicator that QuantVue has on the TradingView platform.
Traders can now use our Qwave indicator on NinjaTrader.
Built into the Qwave indicator are the Qbands and Qline indicators.
The Qwave is our primary "alert" indicator for the NinjaTrader platform.
Just like the TradingView Qwave, the NinjaTrader version is an over/under "alert" indicator.
"BULL" or "BEAR" alerts will print once price breaks above or below the Qbands.
Also built into the Qwave NinjaTrader indicator is the Qline.
The Qline helps traders identify trending price action while using the Qwave & Qbands.
SETTINGS
To adjust the broadness or tightness of the bands within the Qwave, traders will want to adjust the "ATR Multiplier" value.
A higher value will broaden the bands and give less alerts, a lower value will tighten the bands and give more alerts.
To adjust how tight the Qline "hugs" price, adjust the "Coeff" value.
A higher "Coeff" value will "loosen" the Qline away from price, a lower value will "tighten" the Qline closer to price.
We do not recommend altering the "AP" values.
For the full Qwave indicator video training, see below.
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