Here's a ADXVMA indicator with bands (similar to Keltner Channel). I've put this together in NT 6.5, but I've checked and it imports into NT 7 without any problems, and as far as I can tell it does not repaint. Please let me know if you have any comments.
The BB's are based on a 20 SMA and 3x multiples thereof: 20 (green), 60 (blue), 180 (red), 540 (White or Black). They create natural SR levels since they are based on the statistical distance from the SMA.
A BB Cluster is when two or more outer BBs are synchronous... the more the stronger; the higher the TF, the stronger; the longer the chart TF, the stronger.
Good for seeing trend (or not); good for seeing possible SR (support/resistance); good for deciding when to exit (hint... HVS - high volume spike - on a 30 sec chart and price goes outside the bands on whatever TF you are watching... drop all but one and wait for the PB).
Attached is version 2.03. It does NOT work in NT 6.5 but does work in NT 7 with beta 22 or later.
Again, this is a major rewrite. Backup your old copy first, this one will overwrite it. If you don't like the new one you can go back to the old one this way.
There are two parameter options.
Multiplier - 1.0 is normal. If you feel the bands are too tight, you can raise this value, but it will no longer represent the real retracement levels of the daily ATR.
ATR Length - 7 is default. Lower will adapt more quickly to a changing market (like the recent huge fluctuations on CL). Higher will adapt slower.
I've added two extra bands to show the 100% and 161.8% levels. I've set the default colors the way I like them, which is different than the last version so take note. I also like the bands to blend into the chart, so the Alpha opacity is set for each plot.
You'll need to redo your template as the Plot names and settings have changed.
The histogram has been removed.
As far as I can tell, I've solved the math bugs. Please report any problems.
Mike
COMPATIBILITY:
NinjaTrader 6.5: NO
NinjaTrader 7.0: YES beta 22 or later only
This is the T3 indicator displayed with a serialized multicolor single plot that will not re-paint. It is exported with Ninjatrader version 7.0.0.23. Enjoy.
This indicator is a Swiss Army knife of several moving averages providing color for rising and falling.
Anyone downloading this indicator prior to Nov 12, 2010 need to download again with this version. I caught a bug that presents a problem when selecting the JMA or JMASlope.
You can check the date on the zip file to make sure you have the right one. If the date is prior to Nov 12, 2010, download this one and replace the one you have.
November 12th, 2010 05:41 PM PandaWarrior I really like the indie but take a look at my chart...the plots are sometimes the wrong color vs what the MA is doing.