Hurst Exponent Indicator For NinjaTrader 8

The goal of the Hurst Exponent is to provide us with a scalar value that will help us to identify (within the limits of statistical estimation) whether a series is mean reverting, random walking or trending.

Var(τ ) = h| log(t + τ ) − log(t)| 2 i

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In the NinjaTrader 8 trading terminal, using standard functions, we import the purchased archive HurstExponent.zip through the tools to import the addon. Next, in the chart window, click on the Indicators icon, select our indicator from the list, set the parameters and click enabled.

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