This indicator caught my attention on the Ninjatrader Forum. The idea is good.. REALLY good!- but the coding left a lot to be desired.
I predefined instances of 13 external indicators to slash the resource load while running on the new default setting of COBC=false. Some of the calls to the MIN and MAX functions were moved to an area where they only need to executed on FirstTickOfBar, not on every tick. Also changed the moving average type from EMA to LLMA.
Some of the old code was commented out, with the replacement code immediately following. Use this as a guide for the correct and efficient way to invoke external indicators. It's frustrating to see other coders continuing to handle this so poorly.
The plots look similar to those generated by the indicator on the Ninjatrader forum. Aside from the optimization the program logic is the same. However, some well founded questions have been raised about the validity of that underlying program logic.
This ADX version is based on JeffsADXv2, I add to it rising and falling strength alerts with adjustable threshold and various visual options for convenience.
This is a quick SierraChart implementation of the interesting Hilbert Sine Wave Indicator based on the Easylanguage and NinjaTrader versions. I wasn't able to find a version for Sierra anywhere so I made it into a little project.
This is an update to the original I posted HERE. I am not updating as I want it to remain in the 'elite downloads.'
This indicator simply allows the user to choose between several MA types INDIVIDUALLY, for each Moving Average, and input periods.
The user also has the option to enable alerts or arrows.
---UPDATE 6Oct2011----- a few hours after initial upload
Someone requested to be able to INDIVIDUALLY select price type for each Moving Average Independent of each other. So that functionality is now there.
---UPDATE 7Oct2011-----
By request, added:
LLMA
LinReg
---UPDATE 7Oct2011 #2-----
Fixed a bug for the LLMA and LinReg
I wrote this indicator based on a chart setup used by Raghee Horner for trading currency pairs but it can be applied to any instrument. So, credit for the idea goes to Ms. Horner.
Although this indicator is very simple, it is very powerful when used correctly. The indicator is a trend following setup that will keep one out of choppy markets and on the right side of the trend.
It is helpful to watch one of Raghee's seminars on IBFX to understand how this indicator is applied.
Enjoy!!
Added on October 10, 2011:
Here is a link to free Raghee Horner's eBook on this setup.