Hope everyone is having an enjoyable MLK day (or at least the afternoon) off.
Today we have two pack updates: the Acme Trade Planning Pack, which adds some significant new features to the trade plan; and the Acme Market Internals Pack which has one totally new study.
What’s awesome about this particular set of updates update is that about 95% of it was contributed by you, the individual Acme faithful, for the benefit of the Acme collective. I don’t mean to get all new-agey on you, and I’m definitely not a communist. That’s not how I roll.
But I am saying that Rancho Dinero was started with a dream. ;-} A dream of letting the membership largely steer the, er, ship, in the direction of value it recognized. And I think that’s one of the things that really sets Acme apart from the other products of its ilk. Sure, you’re not actually slaving over the hot code compiler or anything , but in no insignificant way Acme is by you, for you. I love that.
But I digress. Again.
Here we go…
Acme Trade Plan
- Feature: The trade plan now features notes per level. You can give it a name or jot down a thought and it will appear opposite the price label on the chart.
- Feature: Each level can now also have its own audio alert. When price comes in contact with the level band, it will play a sound of your choosing. Each level can play a separate sound if you like, so it will be easy to know when price enters a particular band when you are anywhere within earshot of your trading desk.
- Feature: When creating a new plan file for a given instrument, the file is automatically named with the symbol of that instrument. This makes setting up a multi-instrument chart/plan set a bit more automatic, especially if you don’t “get” the Windows file system layout. ;-}
- Feature: Price level bands now have an optional highlight line that runs across the price level at the center of the level band and also encompasses the price and note labels. The highlight line can make levels on certain colors of charts easier to pick out of the background.
- Feature: The default color for new level bands can now be set by the user in the indicator properties. Previously it was always Gray.
- Feature: When the same trade plan is on multiple charts, edited and saved on one chart but not refreshed on another chart, the user is warned if (s)he tries to save over the newer plan file.
- Fix: When used on charts where NinjaTrader does not format the price scale as a decimal number, such as with interest rate futures for example, the level band price entry would fail. This is now resolved.
Grab it here.
Acme Tick Accumulator
Today we have one brand new study in the Market Internals Pack. This was requested by several Acme loyalists over the past few months, and was originally brought into popular consciousness several years ago by noted trading psychology expert Dr. Brett Steenbarger. It accumulates the values of the NYSE TICK index throughout the course of the session, and works in much the same way as a volume cumulative delta study. It’s useful as a gauge the strength of overall buying or selling sentiment over the course of the US equities RTH session. You can read about the theory behind the tick accumulator from Dr. Brett here, then head on over and…
… grab it here.
Acme Chart Templates
A few chart templates have been refreshed and some new ones added to the library in the last few days. Most notably for the TPO, the Volume Impression, and the market internals charts. So if you have not visited the library in a while you might want to…
… head on over now.
That’s it for today. Trade ’em well…
[iconbox title=”Oh, Uh, Just One Last Thing” icon=”emblem-important.png”]
… as Detective Columbo used to say. There’s been a whole lot of folks getting tripped up by trying to install newer packs over the top of the same packs they already have installed. In other words, they grab a new version of Pack X, and try to install it over the top of whatever version of Pack X they already have installed.
The fact is that doing this can cause hard-to-unravel issues in Ninja because of the way it caches indicators in memory. Not a big deal, because you can ensure a quick and uneventful update (the best kind there is) by reading and following the pack install & update procedures in the FAQs. Or watch the screencast. Your choice.