SPEARHEAD: Your Index, Your Momentum

Innovation in Market and Portfolio Analysis

What is SPEARHEAD

SPEARHEAD indicator card in NinjaTrader Ecosystem

A technical indicator for trading and investment.
It compares momentum between two instruments.
One of these instruments is an index created by you.

SPEARHEAD creates your index, obtains its momentum and direction, and presents it graphically compared to the momentum and direction of a reference instrument of your choice.

Features

Visual Panel

Displays the momentum of the reference instrument with background bars and the custom synthetic instrument as a line overlaying the bars.

How SPEARHEAD Presents Information in Its Panel

Color Coding

Green and blue represent bullish momentum predominance. Red represents bearish predominance.

Technology

SPEARHEAD's momentum calculations are based on John Welles Wilder's Average Directional Index (ADX).

Your Index

Up to seven assets with their respective weightings.

Types of Assets

Any that your broker provides: stocks, commodities, indices, ETFs, bonds, currencies, etc.

Use Cases

Tracking Key Components

Monitor key assets within a financial group, like the main stocks of the Nasdaq-100.

Portfolio Tracking

Compare your portfolio's momentum with a chosen benchmark, adjusted to your risk exposure.

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and enjoy all the benefits of SPEARHEAD for a monthly fee.

Easy and Flexible Configuration

Your index with a variable number of assets.
Weight these relative to the reference instrument.
Weight relative to the same custom index.
Simplified configuration for equitable weighting.
ADX period and levels according to your strategy.
Automatic color adjustment according to your preferred background.

Experience the power of SPEARHEAD today!

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Subscribe monthly: Your subscription turns into a lifetime license after 24 payments! 😮

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