Indicators
Technical, fundamental, and compound indicators used in conditions.
Indicators
An indicator is any numerical value used in a condition. Indicators are the building blocks of your trading logic. NexusTrade supports three categories of indicators.
Technical Indicators
Technical indicators are computed from an asset's price and volume history. They fall into two families:
Mean Reversion Indicators
These assume that when an asset's price deviates significantly from its average, it will tend to revert back.
- Simple Moving Average (SMA): The average closing price over N days. A rising SMA suggests an uptrend.
- Exponential Moving Average (EMA): Like SMA but gives more weight to recent prices, making it more responsive.
- Bollinger Bands: SMA with upper and lower bands at ± standard deviations. Price touching the lower band may signal oversold conditions.
Momentum Indicators
These assume that assets moving in a direction will continue moving that way.
- Relative Strength Index (RSI): Oscillates between 0-100. Below 30 is considered oversold, above 70 overbought.
- MACD (Moving Average Convergence Divergence): Measures the relationship between two EMAs. Signal line crossovers indicate trend changes.
- Rate of Change (ROC): Measures the percentage change in price over N periods.
Other Technical Indicators
- Asset Price: The current price of any asset.
- Volume: Trading volume over a period.
- Position Value: The current dollar value of your position in an asset.
- Position Percent Change: How much your position has gained or lost in percentage terms.
For a complete reference of all available indicators with parameters, see the Technical Indicators Reference.
Fundamental Indicators
Fundamental indicators are derived from a company's financial statements. They require a paid subscription.
- Revenue, Net Income, Gross Profit: Income statement metrics.
- PE Ratio, Price-to-Book: Valuation ratios.
- Dividend Yield: Annual dividend as a percentage of share price.
- Free Cash Flow: Cash generated after capital expenditures.
- Market Cap, Enterprise Value: Company size metrics.
- Debt-to-Equity: Leverage ratio.
For the complete list, see the Fundamental Indicators Reference.
Compound Indicators
Compound indicators let you combine indicators using math operators:
| Operator |
Example |
Meaning |
| Add (+) |
SMA(50) + 10 |
The 50-day SMA plus 10 |
| Subtract (-) |
Price - SMA(200) |
Distance between price and 200-day SMA |
| Multiply (×) |
ATR(14) × 2 |
Two times the 14-day ATR |
| Divide (÷) |
Price ÷ EMA(50) |
Price relative to 50-day EMA |
| Square Root (√) |
√(Volume) |
Square root of volume |
Compound indicators allow you to express sophisticated quantitative ideas without code. For example, you could create a condition that buys when the ratio of Price to SMA(200) crosses below 0.95 (meaning the price is more than 5% below the 200-day average).