Stocks either go up or down. The degree (measured as standard deviation) at which the trend occurs varies by period.
Closing price and not price change is typically used to calculate standard deviation (or dispersion from mean). However, using the standard deviation of closing price does not illustrate price movement from mean. Therefore, a price change percentage of 0% is your staring point.
The equation below will provide a "number" indicating how strong a trend is. The number is the price change per standard deviation for the given period. It works well on a list of stocks that is sortable.
A stock with a strong upward trend will have a higher value and vice versa in a down trend.
This is a modified z-value calculation using zero as a starting point.
January 9th, 2011
Size: 5.54 KB
Downloaded: 394 times
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eleven
Spearman indicator is to be featured in February 2011 Stocks and Commodities, downloaded from NT. Not having seen the article yet, I have no idea how this indicator is used but it looks like another momentum indicator.
December 22nd, 2010
Size: 12.72 KB
Downloaded: 4325 times
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cory
This colors 3 different time zones. It allows for timezones that cross date boundaries and shows overlapping timezones by merging the 2 time zone colors. It also display the name of the timezone or names of overlapping time zones. It is an update of the ColoredTimeRegions indicator.
This is an improved version of the momentum indicator.
The n-period momentum is the difference between the close of the last bar and the close n bars ago. When a large bar n periods ago drops out of the momentum calculation, this can create a significant distortion, as it will show as a change in momentum, even if there was no or little price change for the last bar.
To eliminate this problem, the input value n bars ago was replaced with the triangular moving average SMA(SMA(Input, n+1), n+1)[0]. This modification does not change the usability of the momentum indicator, but simply eliminates the distortion.
This is a simple indicator that colors the background of your charts according to the current session template.
To use the indicator you first need to create a session template that reflects the different intraday sessions. The chart shows Crude Oil using the following session template (all times are EST for NYMEX)
Night session: 6:00 PM - 9:00 AM
RTH session: 9:00 AM - 2:30 PM
Evening session: 2:30 PM - 5:15 PM
Select the session template as your default template via instrument manager and display all charts with <instrument settings>. When toggling between instruments the chart will now select the appropriate session for your instruments automatically.
I tripped over this indicator (version NT 6.5) from Ninja Trader Support Forum. Thanks to Sam028 and Fat Tails we now have a compatible version for NT 7. Enjoy!
January 8th, 2016 06:27 PM dyst Wow, just found this one today. Tested it, and works perfectly fine in NT7.0 (unlike the one in Ninja forum which is out
dated). Thank u so much! Will save me lots of time drawing lines!
October 16th, 2015 02:17 PM paully859 Will give it a try
April 14th, 2013 12:04 PM alextrade1 nice indicator thanks
January 5th, 2011 08:22 PM danathetrader I will give it a try thanks...
October 25th, 2016 04:16 PM hobbys11 thx very much.
September 9th, 2015 04:48 PM anup Thx fat Tail. That is a great Indicator. Very thoughtful of you. Thx again.
July 21st, 2015 03:50 PM pepbosch great idea from a great brain! Thanks
December 27th, 2013 04:42 AM Maxie in welchem TF benutzt Du den Indi am Meisten? I can see the "alpha Auction bars"in the screen, sind die auch von Dir? Wü
rde ich gern ausproboieren, kannst Du mir sagen, wo ich die finde?
September 6th, 2017 09:14 AM Buscador PicoTrader, thanks again for a very useful program for range bar users that I have enjoyed for several years now. Never
found anything in the same category as simple and good.
I am moving forward to NT 8 and I would love to have this range marker in NT 8.
Any possibility you would re-coded for the new platform?
In any case. Thanks a million for a great app.
July 17th, 2015 01:57 AM Portland
April 14th, 2015 09:13 PM dsgreeves
October 26th, 2013 10:05 PM ojmen2000 now this will make life a lot easier. thanks
October 31st, 2019 12:30 AM GwaiZaiTrader Thanks this indicator is great!!! I am trying to switch to NT8 and attempted to convert it with the methods outlined her
e and no errors were given. I imported it to NT8. No errors or logs were given during Ninjascript import, but the indica
tor cannot be found.
March 17th, 2016 08:28 AM no3putts Thank you!
November 25th, 2014 07:14 AM CelticTiger Excellent!!