Description
SmartDynamicEnvelopes is a powerful indicator for Ninjatrader 8 that can make SUPER powerful indicators out of your existing indicators. It does this by identifying and showing you patterns in your indicators that you otherwise not likely ever see. It is a highly evolved and full function indicator for identifying patterns in any time series (price or any indicator) at or about expansion points or their midpoints over a selected interval. This tool helps to contextualize the market, any indicator or price. It can even be used as a trend indicator, or order flow or momentum breakout indicator in conjunction with the given input to the indicator. SDE enables you to see indicators like the TTO in a larger scale than other indicators like the Smart Dynamic Zones and could be thought of as a "multi-dimensional" view of order flow, momentum, order flow momentum or price break outs etc.
The screenshot / chart below shows a Crude Oil Futures chart using the Smart Super Renko bar type and with the SmartDynamicEnvelopes applied to both price (top panel) and to the Trapped Trader Oscillator Advanced (TTOA) in the second panel and Smart Momentum in the 3rd panel with the background colors from the indicator set to paint stripes on the whole chart based on price.
One of our favorite patterns using the SDE, is to use it with the Trapped Trader Oscillator Advanced (TTOA) as the input and look for expansions or lead outs. In traditional ways of seeing breakouts on the TTOA, you would wait for the TTO to exceed a prior level on the TTOA itself with the breakout. With SDE, you can potentially front run these levels and find quasi lead out our breakout patterns that we have found to be useful (and resulted in the initial creation / development of the indicator).
Another great pattern is to use it in conjunction with the Smart Momentum. With this method, you can also see various forms of T2 patterns in addition to breakouts. The T2s will often appear as a V in the tool on your chart (see below).
When the SDE is applied to price, you can see early breakouts in the V of the price structure or trapping at edges.
You can also use each of these three (above) methods in conjunction with one another for a wide range of applications and capabilities.
Smart Dynamic Envelopes for NT8 was originally revealed on June 5th, 2024. The recording is posted below:
In this next video Rob uses the SDE in a great Order Flow and momentum based day trading system, strategy with trading signals:
Bakhtawar –
Smart Dynamic Envelopes shows order flow break out and trap levels and colors the background on my chart so I can see it at a glance. It can also show you other things it has a lot of features. It can be used with other indicators. I use it mostly with the trapped trader oscillator, but you can use it with just about anything where you want to see inside the space and not just break out levels.. It is a sophisticated trading tool that shows me trigger points into trades. It is a main part of my trading signal for entry and strategy.