Please remove old version before installing this one.
Current version is V7
This indicator tries to detect price/indicator divergence.
Any indicator in Ninja can be used and detection is possible on historical and real time charts.
To set the user indicator : goto ECIDiv parameters / Data / Input Series and choose your indicator.
When the user indicator data uses multiple periods, the Plot input is used.
ECIDiv was designed for standard Ninja period types. Usage of other period types is not guaranteed nor supported.
The divergence computation uses local turning points (called pivots) calculated on the price and the user indicator input.
When price and indicator diverge (regular or hidden divergences) an audio and visual signal is given.
Size of pivot (number of bars to the left and right) is adjustable (default size is 1).
Reminder :
Regular Divergence occurs when :
* Long signal : price makes LL and indicator HL.
* Short signal: price makes HH and indicator LH.
Hidden Divergence occurs when :
* Long signal: price makes HL and indicator LL.
* Short signal : price makes LH and indicator HH.
(LL = Lower Low, HL = Higher Low, HH = Higher High, LH = Lower High).
ECIDiv draws the input indicator. If you don't want it to be drawn, simply set it to transparent.
The input method introduced in the V7 is based on the one used by the indicator DivergenceInputSeries (that you can also find in Big Mike Forum).
TODO :
* Continue watching Big Mike Trading users feedback.
Changelog
V7 : November 1st 2013
* Major Change/Enhancement : new input method. any indicator is accepted.
* Removed : Divergence target (buggy).
V6 :
* Change : CalculateOnBarClose default is now false
* Change : Removed dots from divergence drawings (users request)
V5 :
* Added Divergence logging for internal compatibility checks
* Added Logging for internal performance logging
V4 : December 7th, 2012 + Update March 3 2013
* Added TSI, RSI, MACD
* Enhanced variable periods : slow, fast, smooth
V3 : November 21, 2012
* Added adjustable sound alert file path.
* Enhanced signal colors (separate colors for HD/RD, divergence line width).
* Added divergence price target helper.
V2 : October 3rd, 2011
* Added REGULAR Divergence detection
* Added RSI indicator to the compatible indicators list
* Added adjustable pivot left and right size
* Added adjustable signal colors
V1 : September 30th, 2011
* Initial release with HIDDEN Divergence signals for CCI/Momentum/DoubleStochastics.
Very simple MACD/Keltner system. Keltner bands are 20/0.5.
Entry: MACD crossover (OR) MACD higher than MACD average (AND) MACD slope rising for longs (AND) price above Keltner upper band (20/0.5) [discretionary: (AND) price higher than 8 MA]
(Reverse for short)
Exit: Keltner crossing midline, [Discretionary: MACD crossover average (OR) price cross under 8 MA]
I am back testing the system and it works best on 1000 tick charts. However, it performs on 150 tick charts, just takes too many losing trades. Key to the system is "let the winners run." You can incur lots of small losses before a winning trade on smaller time frames.
the idea is to separate the Directional Volume in a simpler oscillator-type plot (+100%/-100%) for better tracking of net volume as it moves between buying and selling modes.
see the screencap for how this is sometimes easier to follow than the full BetterVolume study, especially when you're watching the ET market hours (will usually have very little volume than normal hours).. BetterVolume still provides much more insight and label values. the core calc is the same.
This indicator has an option that allows the moving average to be plotted using values rounded to the nearest tick. I find this very useful at times to reduce the whipsaws. There are 2 indicators available, SMA and EMA. SMA is the default with a period and a smoothing period. So a period of 14 with a smooth of 1 results in the standard SMA. A period of 1 and smooth of 14 results in a standard EMA. Could probably do better with that but it works and I don't feel like changing it. Setting "Use Rounded" to true results in a plot using the values rounded to the nearest tick. There are also a few other options that you can explore on your own by changing the parameters.
The picture shows both a rounded and normal version.
Imp: Extract VolumeLadderMetroEditionV2.cs file from Zip file Indicator.zip and place in
C:\Users\<userName>\Documents\NinjaTrader 7\bin\Custom\Indicator. Then Open any indicator for editing in NT7 and compile the indicator. This Process make , VolumeLadderMetroEditionV2 , to appear in indicator list on applying to chart. Without this process indicator will not be visible for apply.
prerequisite: Install latest or GomBase and Delta Package 2.6 before above step, if you are using first time Gom based indicator. For More detail on GomBase and Delta Package foloow the post
1) Provision to show minus sign for delta data in CustomLadder if base is chosen as volume.
2) Prior High Volume Tick Price is can also be highlighted by rectangle around cell.
Update 11-Sep-2013
----------------------------
1) Mainly updated side ladders with numerous customization methods.
2) Removed Filtered Volume Tick bug on Bottom Graphics and corrected the side ladders filling volume.
August 17th, 2016 05:15 PM gentech Many thanks to you for this! I've been testing it out and it's very promising, particularly for order flow trading.
June 5th, 2016 05:29 AM dilbert618 Thank you
March 25th, 2016 04:05 PM Herbert Thank you
July 17th, 2015 06:05 PM ShaunG Thanks for the indicator! I have been looking for something to help me set my stop parameters based on the ATR reading.
Looks like this might be exactly what I am looking for. Thanks for your “indi”, will let you know how it works out. Kind
regards.
December 6th, 2014 01:40 AM Trader for Life Thanks!
January 24th, 2014 07:51 PM jlwade123 Thank you for your comments and suggestions. I have updated the BloodHound MACD-Keltner strategy to include a 21 HMA sl
ope as suggested, and also to provide for a 5 min chart for the slope. I tested the indicator for January 2014 on a 233
tick chart, and this is a profitable strategy. I will post the updated strategy.
Thanks,
January 24th, 2014 04:09 PM rfiske Thanks > So glad we are getting some BloodHound development going!
Realyy helps me with the laerning curve
January 20th, 2014 02:18 PM sunny135 can you please let me know if it is available for NT7?
November 17th, 2013 09:42 PM Raj1 Can it be made available for Ninja-7?
November 17th, 2013 09:41 PM Raj1 Is it available for Ninja -7?
November 19th, 2015 10:43 PM michaelleemoore Just learning my way around Bloodhounds and appreciate some other templates to work with.
December 21st, 2013 04:58 PM br8080 many thanks! i haven't been able to locate on BMT the ana TSI file that is in the template. can you point me to it? th
anks again!
bruce
November 23rd, 2013 10:57 AM Herbert Thank you
November 21st, 2013 10:48 AM jiggles This is a .bht file? Can't download.
November 15th, 2013 02:40 PM Gary Lucas Can this indicator be programed for use on the NinjaTrader platform?