I use this indicator every day in my futures trading on 3min charts. It works on all time frames, and I often consult a higher timeframe to verify the more durable and lasting trend. You can scalp and take trend trades with it. I've used Woodie's CCI, but this indicator is sooooo much easier to read! It is totally unambiguous with extremely sensitive and clear cut signals that will keep you in a trend if you want. Simply stay long while the orange line stays above zero, and short while the orange line stays below zero. This one indicator is a complete trading system unto itself. It makes me $$$. You need to paper trade it a while to get used to it.
Here's the documentation from inside the indicator:
###################################
# Author = glennw forum: bigmiketrading.com
# Indicator Name: GW_TriDiff Version: 1.0
# Timeframe: Any
# This indicator is the plot of the difference
# between a triangular moving average and a
# weighted moving average. There is a fast and slow plot
# The slow plot denotes the longer term trend (cyan line)
# being above or below zero line.There is a cloud function to
# help visulize the longer term trend above and below the
# zeroline. (Red = downtrend, yellow = uptrend)
# You can use it to scalp by playing crossovers of the cyan
# line and the signal line (gray). The orange line being
# above/below zero is confirmation of the trade direction.
# You must wait for bar to close. Don't try to catch the
# exact top/bottom. Stop is low/high of signal bar or whatever you use.
# For higher probability trades only take setups in the
# direction of the longer term trend. I always exit when price breaks
# the low/high of the previous bar and crosses the 5 period offset moving
# average or crosses and closes above/below the 5 period ATR Stop with a
# 1.5 range multiplier.
###################################
I've created this indicator, which pings various websites provided by the user at the end of each bar, based on the ConnectionMonitor from MXASJ ( see this thread).
Features
This indicator has the following features:
Ping as much websites as entered by the user,
Display an error to the NinjaTrader Control Center Log tab when an ping fails,
Custom number of milliseconds for the timeout of the ping,
The results of the pings (successful and unsuccessful) can be displayed in the Output Window,
Text box with data from the last pings (time of last pings and roundtrip time in milliseconds for each site),
An configurable text box (opacity, font size, background color, and an on/off setting).
As soon as there is a ping time out, you'll see an spike downwards in the indicator (i.e. there is no milliseconds response time) and a red dot drawn on the indicator panel to highlight the error. Also will the textbox print 'error' besides the website which failed to ping successfully. In that way, you can see if it's just an website which couldn't be contacted or, if all websites give errors, an potential problem with your internet connection.
Any feedback or questions are more than welcome.
Version 1.0 - exported with NinjaTrader version 7.0.1000.2.
(A special thanks for MXASJ for providing an great example with the ConnectionMonitor to learn from).
Basic port of Sefstrat's D9PO-V2 from Ninjatrader to Sierra Chart including the RawTrend and Predictor plots only. If you would like to add the other stuff, then feel free to create V2. I validated the outputs, but didn't perform any other testing, so please let me know if you identify any bugs. Zip file includes the DLL and CPP file if you would like to make edits.
Special thanks to @Sefstrat for creating the original and to @omaha786 and @cory for helping me with the conversion, they are no less than gods among mortals.
This was done at the request of TheWizard. The indicator creates midpoints between the Murrey Math Lines. Place it in the same panel with the Murrey Math Lines indicator and be sure all the settings are the same between the two. There is an option to turn the midpoints off with a menu selection , "Show MidPoints?".
This was exported with NT v7.
Disclaimer: I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar.
Have a professional review any code you receive from me before you trade real money with it.
(Ver 3.1.0) updated 04/01/2014
Added option for chart Type UniRenko....(per request from BMT member)
NOTE: The UniRenko MUST get it's chart parameters in the following format...(UniRenko requirement not mine)
...for the bar type to recognize what 'time' parameters you are passing.
- Three digits (with leading zeros) for the first UniRenko parameter
- Three digits (with leading zeros) for the second UniRenko parameter
- Three digist (with leading zeros) for the third UniRenko parameter This means 9 digits total...,NO SPACES
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I also added capability for TEMA and DEMA moving averages
10/16/2011...Added option to color Up/Dn/Neutral....for xcMovAvg2 averages. Also.....refined the algorithm to smooth out the 'stairsteps' on the chart where the main chart continues to paint bars but the larger-time-frame on which xcMovAvg2 is running...has not yet painted it's new bar.
06/05/2011... Added BetterRenko as an option for alternate chart time frame
(per request from forum members).
NOTE: Be sure BetterRenko is loaded as "Custom4" in bartype....(Custom4 is the default setting in the BetterRenko download).
05/22/2011 ... Added optional bands (per request from forum members)
Option to select Fibonacci bands...or percent bands...or
Std Deviation bands...from any moving average from any period.
04/11/2011 .... Added SMMA (per request from a forum member)
Multi Time frame indicator....(xc = 'cross chart' Moving Average)
Will allow you to plot an EMA, WMA, HMA, SMA, BMTCollectiveMA, or ADXVMA from another time period on your chart.
Typical usage has been to plot a larger time frame EMA on a smaller time frame chart....for example the 5 and 15 EMA (20) are popular EMAs, and folks sometimes like to see this plotted on a 1min, or 6 range, (or other) smaller time frame chart.
Plots are configurable for color, size, dashstyle, etc.
The ADXVMA is configurable with 'rising' 'falling' and 'neutral colors.
This indicator is an adaptation of the Three Bars Inside Bar concept discussed in a related article in March 2011 issue of Technical Analysis of Stocks and Commodities. I have very little experience with NinjaScript and just experimented with programing this indicator. I am sure someone can check it out for potential improvements.
The indicator draws buy and sell arrows on any price chart (time and tick bars) with high, low, and close data. The three Bars Inside Bar is an old concept and trading method used by many well known old timer traders.
This Bollinger Band indicator is the same as the one that comes with NT. However, it has several capabilities added.
Choose from the following Moving Averages
1. EMA
2. SMA
3. LinReg
4. TMEA
5. LLMA
6. ZeroLagEMA
7. ZeroLagTEMA
8. Regression Channel
Can use an adaptive period by setting the period parameter to "1".
Choose your own colors.
Color the lines based on
1. moving average rising and falling
2. moving average is above or below price,
3. combination of both of number 1 and 2
4. outer bands compressing/decompressing
Inspired by my time in Felton Trading live trading room, this ind. is a multi selectable MA(currently BMCollectiveMAv2, EMA, EMADouble, TEMA, EMAZeroLag, HATEMAZeroLag, TEMAZeroLag, HMA, HoltEMA, JMA, LinReg, SMA, TMA, TSF, VWMA, WMA) with offset bands based on ATR, Range, or Tick. Besides being pretty, this ind. when properly "matched" to the instrument it gives a good indication of direction change. Obviously, no guarantee for how long.
Exported from NT.0.1000.2
V2: Added more MAs as listed above. Can now access MA value. Added some extra options. Upper & Lower plots change color to match shading, when not set to Transparent.
June 6th, 2016 05:07 PM dilbert618 Thank you very much TMFT
May 20th, 2016 08:40 AM Pipnatized Thanks!!
September 13th, 2013 06:54 AM Amsterdam Whale Awesome disclaimer. Can I steal it? ;>/ I'm sorta joking about that but totally seriously thankful for the MM lines. Che
ers mate.
November 30th, 2012 04:38 AM dilbert618 Thank you ThatManFromTexas.
March 2nd, 2011 07:44 PM Gordon Thank you this is one of two indicators I am looking for
March 11th, 2019 12:56 PM vmodus Not sure what I'm looking at, but it's interesting at least. My partner uses Fib a lot, so I'll send it her way.
September 26th, 2015 08:04 AM PharmDoc I use Tradestation 9.5, 61.8% in fibs, and session times to build bars. Thanks for your time in creating the ELD.