Hey guys..this is my attempt to create the famous ASCTrend indicator.
What i've done is get the asctrend1 and asctrend2 that i've found somewhere on the net, and applied the igor methodologies on them and maybe a tweak or two !
i hope you like it, i think it works pretty well!Enjoy
to install: extract the zip inside the indicators folder, and complie from ninja!then use
update: i added arrows at the start of an eASCTrend2 signal to make it more easy to read for the eyes
A simple and useful price oscillator. Continuing on my crusade of updating the built in Ninjntrader indicators, it has been optimized for operation on COBC false and given multi color plotting.
Thanks RJay for RangeNoGap bar type used in example.
I happened to take a look at the @FisherTransform Indicator that comes with Ninjatrader and it was such an embarrassment that I decided to make some easy fixes.
This one is for COBC FALSE and has a multi-color line plot as the default. See comments in code for list of changes. It does plot the same results as the original.
This indicator plots the statistical means and medians of the Master Instrument price series.
The mean is the sum of all price values that occur during the life of the bar, divided by the number of prices. (Simple arithmetic mean)
The median is the price in the middle of the series. Half of the prices are above the median, and the other half of those prices are below the median. (Statistical median)
The smaller the difference between mean and median, and the closer they are to the vertical midpoint of the bar, the more symmetrical is the distribution of the prices over the life of the bar.
Because the historical calculation uses an ADDed one tick secondary data series, this indicator is slow to load. The backfill setting should be DAYS back, not bars back. Minimize the number of days that you go back. Start with ONE.
Because the means and medians are Plots, you should be able to access them for use as inputs to other indicators. Keep me posted on how well that works.
simple virtual close price are coded which produces a new
virtual prices exactly similar in swings but without gaps.
its used where and on those indicator where i like to see continuity of indicator shapes/patterns on opening gaps. Logic behind this continuity is almost every indi is based on window/lookback period and believe me i strongly feel thier values do primarily depends on relative positioning of Input Prices rather then actual absolute value. So as long as relative positioning is without gap..indicator will show good usable continuity.
it should be used as long as calculation depends "only" on close prices.
One may find some time advantage of early entry by 2-3 bars but not to bother as i primarily used this for visual continuity.
Only change in this version is the renaming of the public class from bwAO to bwAO2 as a lot of us still have the original bwAO and this version will not conflict with the original indicator we allready have..
All credits still go to Bill Williams , Zondor and other members who helped to make this modifications....
October 30th, 2011 01:38 PM Zipper Ripper You didn't change the name or add any deignation such as "V2". So in the list of indicators it has the same exact name
as the one you post yesterday. Please revise. Thanks!