Market Generated Information (MGI)
Market Generated Information (MGI) is a set of objective data that is derived from the past behavior of the market. This data is often used to analyze market structure and context, and identify significant areas of price action which could potentially act as Support and Resistance in the near future.
This powerful suite of tools enables you to automate the process of identifying and drawing these structural market levels for various timeframes on your charts, offering you the freedom to focus on your trading. Also, with the insight gained by these tools, you are able to better assess the current state of the market.
Product Highlights
- Comprehensive list of commonly used MGI values for various time frames: Daily, Weekly, Monthly
- Price-based as well as Orderflow-based information such as Value Area and VWAP
- MGI Statistics tool to help gain awareness of recent market tendencies
- Streamlined User Interface
- Inline Tooltips on Indicator Properties menu
- Streamlined graphical presentation of various information on the chart
- Comprehensive online documentation
- Highly customizable and easy to use
- Does not require NinjaTrader’s Lifetime license
- Does not require Tick Replay
What is included
This package includes the following indicators:
- Daily MGI (Overview | User Guide)
- Weekly MGI (Overview | User Guide)
- Monthly MGI (Overview | User Guide)
- MGI Statistics (Overview | User Guide)
- Lag Detector (Bonus tool)
Premium vs Free
We offer two versions of the MGI package:
- Premium version: This version comes with all premium features enabled.
- Free version: This version includes the same list of indicators and offers most of the functionality available in Premium, but has several features disabled. Disabled features include any Orderflow based charts or statistics, Region Highlighting and Range Extensions. If you require these features, please upgrade to the Premium version.