See the discussion here. (Note this thread goes back to an earlier time and the template has evolved slightly... for instance the 540BB is white since I use a black background; but these changes are minor and you can get the idea from them).
There is no version number as this is a comilation of all the custom indicators used in this template. It is what I use as of the date of this submission.
I found (or someone pointed out & I remembered) that this version could plot Green bars below zero (when they should have been Red) or Red bars above zero (when they should have been Green). I found the error in the code & corrected it.
Once imported, it will appear in your indicator list as "d9POV2".
I found this HA indicator on NT site. Colors HA candle wicks with the actual candle color. Also allows HA to be viewed as an indicator line and lets you choose the amount of smoothing.
This is the EasyLanguage version of BMT_Envelop BigMike came up with.
I like the Averages & Fib Levels & since I use Tradestation, here is my version.
I made very minor changes for my use:
1. I changed 76.4% to 61.8%
2. I have commented the 100% & 161% plots (I find scaling of charts an issue with Tradestation)
Either of these changes can be un-commented very easily.
The inbuilt function in TS to get OHLC for the day is based on time so I had to customize to use sessions & have new functions attached as a part of ELD.
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.
###################################
February 15th, 2015 09:17 PM josemarcello It is exactly the same !! Just setup it properly !!
November 28th, 2014 11:35 PM itachi1991 guys i just imported this but it looks nothing like what is in the pic, there are no arrows only the macd on the bottom
plz help
October 27th, 2014 02:37 PM Denny2009 Great!!Thank you very much!
March 11th, 2019 01:56 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 09:04 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.
August 5th, 2013 12:48 PM jmsUK Thanks for this. Was looking for an indicator which labels the extremes with the actual price, rather than points/ticks.
August 6th, 2012 02:01 PM gentech I love this! You're a genius! It's perfect for my system.
October 6th, 2011 04:26 PM ulgolog Thank you! I was just about to leave you a note asking if you made any progress... Fantasticly simple and useful. :co
ngrats:: )
September 18th, 2011 04:28 PM marxtone Thank You !!!
August 18th, 2011 08:59 PM rutherfordk Perfect !! Thank you.
May 9th, 2014 07:03 AM TrendTraderBH This helps somewhat but is it possible for NT to automatically place a limit order 1 or 2 ticks "behind" price (ie. in a
n uptrending market) once a certain defined price level is hit.
For example, when price hits 1880.75, NT automatically places a live buy limit order at 1880.25
EDIT: Also, I had NT test the indicator and they were unable to attach an ATM Strategy to the Entry order and said that
in order to attach and ATM Strategy this would required custom programming. Is there another version available that al
lows ATM Strategies to be used.
October 1st, 2012 11:58 AM asteriskstar is it possible to update the limit price to last bar's high/low automatically ?
April 15th, 2012 12:59 PM Florida99 Thank you for the work and sharing
June 19th, 2011 04:29 PM coolfutures Thank you very useful.
June 16th, 2011 03:42 AM ValLiant has anyone modified it so that if you have a strategy enabled you can still trade off the charts? would be a great addi