This is the conversion of the NinjaTrader 7 "Momentum BB Lines" indicator to MultiCharts.
According to FatTails, the developer of the NinjaTrader indicator:
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The Momentum BB Lines is an indicator, which is similar to the MACD BB Lines. However, it is not based on the MACD, but on a smoothed, balanced momentum.
The balanced momentum is obtained, when the input value one period ago is replaced with a triangular momentum. This avoids that wide ranging bars which drop out of the momentum calculation have an impact on the momentum line.
The balanced momentum is exponentially smoothed with a selectable smoothing period. The BB Lines are Bollinger Bands, which use the same period for the standard deviation as is used for the balanced momentum before smoothing. The Bollinger Bands are applied to the smoothed momentum.
Different colors can be selected for a rising and falling smoothed momentum and for dots outside and inside the Bollinger Bands.
Since the Momentum BB Lines indicator uses multiple colors, I've chosen to hard code these in the indicator to prevent cluttering of the MultiCharts status line. Changing the code to different colors is quite easy, and here you can find a list of RGB colors to use.
This indicator also includes the Momentum Modified indicator that was included in the original NinjaTrader indicator.
If you like this indicator, please go over to this page and give the original author of this indicator (FatTails) a thanks.
This is Constance Brown's Derivative Oscillator indicator for MultiCharts, and was presented in her book "Technical Analysis for the Trading Professional" (chapter 14, "The Derivative Oscillator").
This oscillator uses a 14-period RSI, which is then double smoothed with exponential moving averages.
In a second step, a signal line is generated from the smoothed RSI by calculating a simple moving average of it.
The Derivative Oscillator is then calculated as the difference between the smoothed RSI and it's signal line.
Based on the original "Derivative Oscillator" coded by FatTails for NinjaTrader found here.
This is the conversion of the NinjaTrader 7 Double Stochastics indicator by FatTails.
Both periods can be changed in the settings, and the color for up lines and down lines can be selected. Double Stochastics work especially well when using one with a more 'quicker' setting and one with a 'slower' setting, notifying you early of trend changes.
This indicator also includes a function for use in backtesting.
January 22nd, 2012
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Jura
Attached is a collection of 7 NonLinear Moving Averages and their functions for easy use in backtesting. Every indicator also contains an option to color the line to signal up and downtrends, and the user can specify these colors.
This pack include the following moving averages:
KAMA (Kaufman Adaptive Moving Average),
VIDYA (Variable Index Dynamic Average),
MAMA (MESA Adaptive Moving Average),
Ehlers Filter,
Median-MA Difference Filter,
FRAMA (Fractal Adaptive Moving Average),
NonLinear Laguerre Filter.
If you want to import a specific indicator, uncheck the other ones while importing them in MultiCharts.
The example screenshot just shows one nonlinear moving average to give an idea.
Source: John Ehler's presentation 'Building Trading Systems on NonLinear Filters' at the TradeStationWorld 2005 Expo.
This is the Fractal Dimension Index (FDI) for MultiCharts.
The FDI was developed by Erik Long and the code for this version is based on Radha Panini's March 2007 S&C article "Using The Fractal Dimension Index: Trading Systems And Fractals".
This specialized indicator identifies the Fractal Dimension of the market by using re-scaled range analysis and an estimated Hurst exponent. FDI uses all available data on the time/price chart to determine the volatility or trendiness of a given market.
For interpretation, Long suggests:
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The FDI is useful for traders because it determines the amount of market volatility. The easiest way to use this indicator is to understand that a value of 1.5 suggests that the market is acting in a completely random fashion. As the market deviates from 1.5, the opportunity for profit earning is increased in proportion to the amount of deviation.
and..
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When a market is not random it is more predictable. In the case of the FDI a fractal dimension closer to two may provide substantial opportunities because of the high volatility and changes in market movement. An FDI closer to one signals a trending market that is moving in one direction.
As the image shows, this indicator plots an horizontal line at 1.5, and the farther the FDI indicator moves from 1.5, the stronger is the trend. Note that this indicator does not say which direction the trend is moving; a negative value can happen in a uptrend or a downtrend.
Radha Panini uses in his S&C article a length of 30, which is set to the default value in this indicator.
Thanks to FatTails for pointing out the S&C code for the FDI indicator.
This indicator is ported from on FatTails' Kaufman Efficiency Ratio indicator for NinjaTrader 7.
The Kaufman Efficiency Ratio shows the amount of "trendiness" versus chop. When the Efficiency Ratio crosses above the chop line, there is a trend. If the Efficiency Ratio crosses below that, the market is range bound.
Efficiency Ratio's above the horizontal chop line cause this line to be coloured yellow to help with the interpretation of chop vs trend.
Hi community,
if I trade the ES- or ESTX50-Future I need the close of the previous cash-session to visualize the opening gap.Also as an additional S/R-line for the Future trading.
You can use the "Bar at special time"-Indicator for indicating the Open,High,Low or Close of a time(Zeit)-specified bar of each day.
inputs:
Zeit = closing-time of the bar you want to see
Wert = O , H , L , C or any formula e.g. ((H-L)/2)
It dont work if you use for e.G. Zeit = 1730 on a 1 hour chart.
You have to choose the chartresolution depending on the bar you want to get the data.
If you want to get the data of Zeit = 1732 you need a 2-minute chart or lower, if Zeit = 2215 (close of S&P-cash) you can put it at a 15-min-chart as highest resolution.
the code as txt-file:
//**********
Inputs: Zeit( 1730 ),
Wert( close );
variables: var0(0);
if (time =Zeit ) then var0=Wert else var0=var0[1];