Dynamic Bars

OmniTrader 2020 is the
Only Software That Has It!

OmniTrader 2020 allows you to create Indicators based on other
timeframes and symbols in your charts. When a higher timeframe indicator is plotted, you can ALSO specify that it is to be calculated as a Dynamic Indicator.

As shown in the example to the right, the standard Daily value is based on the previous session. Obviously, that means there is just one value for each day.

For Dynamic Daily, we calculate the prior day’s bar on every 5 minute bar. This provides the benefit of the Daily view, with the additional benefit of capturing changes that happen in the CURRENT session!

Take another look at the charts on the right. On October 14th, Walmart reverses trend and momentum and falls throughout the trading session. The top chart showing the Daily Indicator using the previous day’s value is still showing rising momentum. But the bottom chart shows how the Dynamic Daily Indicator reacts to falling price and provides you with much more valuable information.

The benefit of this is clear when you calculate indicators dynamically. They show the effect of sudden price changes as new data is received without losing the benefit of the higher timeframe information.

Multiple Timeframe Indicators

The new Multiple Timeframe Indicators in OmniTrader 2020 opens up a world of possibilities.

Using the new MT OmniScript function in OmniTrader 2020, we can easily create an Indicator in the current timeframe based on any other indicator in another timeframe.

For example, to create a Dynamic Weekly RSI(10) to use in Daily Charts, that is simply created as:

MT(RSI(10),”W”,1)

Our first application was to create Weekly OmniScans
– a powerful addition that is churning out profitable candidates as described next!

As head of the QA Department at Nirvana, the most frustrating thing I have wished could be changed is OmniTrader constantly compiling files.

In fact, there are many cases where OmniTrader will compile EVERYTHING. (With an endless “Compiling.. Compiling.. Compiling..” showing at the bottom.)

I have great news! Compiling now only occurs when it needs to on an individual file basis. If OmniTrader detects that a new file is installed or has been modified, it knows to compile only what’s needed. This improves speed in many areas including Startup!

And, when you click “Compile” in OmniLanguage it ONLY compiles what has changed! For many users this single improvement can save HOURS!

Here’s another example: Let’s say your friend gives you an OmniLanguage indicator, but it has a typo in it. This would typically cause all your OmniLanguage projects to no longer work. But no more!

Smart Compiling ensures that failed OmniLanguage files don’t affect other projects! In fact, it will continue to use the last successful compiled version!

From 20 Seconds down to TWO Seconds!

Nirvana Club Members – prepare to smile! Working with GA strategies is now an order of magnitude faster. Opening and exiting an ARM6 Strategy used to take approximately 20 seconds. In OmniTrader 2020 that same strategy opens in 2 seconds!

Thank you developers!