Adding and Changing Data Series

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Video Transcript:

Hello, traders. Welcome to the NinjaTrader tutorial, and the second module, “Charting.” In this lesson, we’re going to go through how to change and how to add data series to your charts. Remember that in Trader, when we talk about data series, we’re actually talking about the instrument that you want on each and every single one of your charts. So let’s go to the NinjaTrader platform.

Add new chart ninjatrader

And of course, the first method to add a data series to a chart is by going to “File” and choosing a new chart. The data series box will be prompted out. And you can choose right here on the default list of products, or you can click on these three little dots and go to the “Instrument Lookup.” And as you can see here, we have 171 instruments. And if you don’t want to go through all of them, and what you are looking are, for example, the coffee futures that you can trade with NinjaTrader, you would just type “coffee” on the description and search for it. And right here, you can see that you have all the available coffee future contracts that you can trade with the Ninjatrader platform.

But let’s say that we want to look at the E-Mini S&P 500, okay? Well, the E-Mini S&P 500 is the “ES,” and if we want to look at that, we just click “OK,” and add to the chart. And that’s the data series that we are going to be looking at. And let’s say that we want to look at the four-hour chart on the E-Mini S&P 500, okay? We click “OK,” and we just wait for the data to load onto the new chart. Okay, so as you can see, the data has loaded on this chart. We’re looking at the ES November contracts on the four-hour chart, and you can see that the current price action is happening right here as we speak.

Data Series button

Change time series ninjatrader

Now, there are two ways to add a data series to a chart, once you have the chart in front of your eyes. You can right-click on the chart and go to “data series,” or you can click this button right here that looks like three candlesticks. That’s called “data series.” Now, you can’t remove the original data series from the chart, but let’s say that you want to add a data series to this chart. Because what you really want is to trade the Euro/U.S. dollar, and you want to know how much these two instruments are trading like or at like. So you go to Forex [SP], you choose Euro/U.S. dollar. And now you will have two charts within one chart so you can further analyze how much one instrument is correlated with the other, okay?

And as you can see right here, we have the E-Mini S&P 500 chart. And at the bottom, we have the Euro/U.S. dollar for our chart. And if you’d like to add another data series to your chart, for instance, the four-hour gold futures contract, you can do so by just adding a new data series to your window or to your chart. This is actually very functional if you are trading different markets, and if you are analyzing different markets or want to trade the same side of the market. I mean, for instance, if you are looking at the Euro/U.S. dollar, you know that this is negative correlated with gold. And by adding a new data series to your chart, you can know how much or how this negative correlation is working at the moment, okay?

And basically, if you want to get rid of all the other data series but not the original one, you just go to here and remove the Euro/U.S. dollar, remove the gold futures contracts, and . . . Of course, you cannot change or remove data series until your prior request has completely loaded. And the one that is loading at the moment is gold, so we’re going to wait for that and I’m going to show you afterwards how does deleting data work. Okay, so you can see that here we have deleted the gold data series, and we are about to delete the E-Mini S&P 500. So we remove the E-Mini S&P 500, and we are left only with the Euro/U.S. dollar chart.

Adam

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