Requested by VIP user. This ADXVMA adds the ability to not re-paint 1 bar back if the plot style is not a line. So if you use Lines, they will repaint to connect the plots (like normal). But if you use something else, like Dots, they will not repaint.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
10/29/09
- fix triangle up vol not painted
- fix dot length so the number of dots plotted will be the same as the number you enter
- change a square dot to a round dot
ps. it's 100% safe to overwrite the old indicator
100% no re-paint certified
Most indicators out there run on bars. Let’s take a 3-period moving average. You compute it on the Close, the previous Close, and the Close before that. Well, what if you used 3 other values in your average, instead of the last three prices? Like, what if you used the current value of the 2-EMA, 5-EMA, and 8-EMA and computed the average of those instead?
Ehlers uses the 4-RSI as an example application of the Laguerre treatment. Instead of the last 4 Closes, he uses 4 Laguerre values. Using only four values makes the indicator turn quickly, but you can adjust the overall speed of the output via the gamma input to the transform. Pretty neat!
In July, I looked around briefly to see what other Laguerre indicators were out there. Surprisingly, I couldn’t find any. I thought that was strange, because all you have to do is plug in the Laguerre values you need and see what happens. I coded up a few, and found the the Ergodic Candle Oscillator looked pretty good Laguerre-ized.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
I've found that it works like a magnet: if price is below the wvwma and the stoch curls price goes to the evwma - heads up for me to take a trade on the es.
I use range and volume bars. Many times it takes an inordinate amount of time to build a bar but it isn't obvious unless you do some basic math to find out. So, I created this indicator that works on any chart that is not time based. Really if you think about it you don't need this indicator on a time based chart.
It has two parameters. One is used to declare the number of bars you want to use to calculate the average time per bar and is called "Period". The second parameter is called "MaxLevel" which is used to set the level that you consider to be the acceptable level. For example, I base everything on 5 minutes so my "MaxLevel" is set to 5. So, if the average time per bar plot is below the "MaxLevel" line, I consider the market to be moving in an acceptable manner. Anything over the "MaxLevel" line is considered too slow for trading.
That about covers it. Pretty simple stuff.
Good luck and I hope you find it useful. In fact, I'm curious if anyone actually finds it to be useful. Please let me know.
I also created an indicator called jtRealStats_ChartDisplay (also in the zip file) which helps keep the chart sized properly to display the main indicator.
Also, you need to change the right side margin in chart properties from 4 to 24.
October 12th, 2010 01:32 AM dvan You can view detailed description of the indicator? )
June 22nd, 2010 04:04 PM willyad thanks
November 5th, 2009 10:23 PM cclsys This is an extraordinary indicator to be be able to access gratis. Anything that helps see the bids/offers or volume his
tory is helpful since really all you need to know about price is already on a bar chart. But volume isn't so obvious and
can be quite revealing. Amongst other things, very helpful when stop-trailing above break even to identify areas with m
uch higher support/resistance than others.
Only downside: it's another indicator, but this one has about 5,000 data points, so although very helpful, it's also a t
ad distracting!
September 26th, 2009 08:25 PM j0hnth0m I like what you did with my indicator. I get tonnes of comments on my blog for this indicator. I'll post a link to th
is version as you have greatly improved it.
Thanks.
September 22nd, 2009 11:29 PM Big Mike Nicely done, thank you!
September 29th, 2013 10:35 AM mdl060374 very nice!
July 7th, 2011 03:53 PM gg80108 imported into 7 works good
April 25th, 2011 01:29 PM wireford Mike-
Thanks for all your hard work. Downloaded this from NT a year ago but never realized you had programmed it until I joine
d BMT.
Andy Crawford
June 7th, 2010 06:53 AM enriquec Thanks man !!! Great job .I was looking for that . I have some ideas about the aplication of this stuff .Maybe we will
August 4th, 2015 01:30 PM essiar Good indicator but a bit buggy. Does not always sound the diamond alerts and I'm not sure why. Other than that, extremel
y useful.
August 3rd, 2015 01:18 PM zionj TNX, GREAT Indicator
July 5th, 2012 12:28 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
July 5th, 2012 12:26 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
May 26th, 2012 06:42 PM Fame787 Thanks for sharing. It's a good guide in day trading.