Moving Average Group Interactive Convergence (MAGIC)
I wrote this for VIP Members Only.
I noticed several members using multiple moving averages and looking for convergence between them. So, I wrote this indicator to combine up to six moving averages into a single display.
- Six moving averages in one
- Independently select Moving Average length, type, and use of Double*
- Scoring model: If >= 3 of 6 rising = Up, if >= 3 of 6 falling = Down, otherwise Neutral
* Double means extra smoothing by double-averaging the MA
The selectable MA types are: SMA, EMA, HMA, VMA, EhlersFilter, ADXVMA, ZeroLagEMA and JMA.
Attached are a few screen shots (MAGIC is the bottom panel). I was in a bit of a hurry so I didn't make the MA's an enum drop-down but it gets the job done. Also haven't done a lot of testing so let me know if bugs...
Enjoy.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]
Category The Elite Circle
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