VIP members only! Do NOT distribute this to anyone else!
This is an improvement over the OBV Diver previously released to VIP members. The new BMT Diver has a lot of additional options as you can see from the screen shots below. There are more too but I only wanted to take so many screen shots.
Let me also say it will not repaint unless the Plot Style is Line. Using Dot or Hash for plotstyle will prevent repainting (which by default is uses a Dot).
** DO NOT DISTRIBUTE **
Thanks to the VIP members for all their support!
This will show divergence with the following:
SMA, EMA, HMA, JMA, WMA, VMA, ZeroLagEMA, VWAP, CCI, RSX, R, RSI, Bollinger, MACD, Elliot, LinReg, and ADL.
The zero line is important. It is wise to only take longs above the Zero Line, and shorts below it. Please note, the Diamonds/Squares below are different than the OBV Diver indicator previously released, I swapped them around a bit.
Blue dot = no divergence, buy - take note of zero line
Red dot = no divergence, sell short - take note of zero line
Cyan diamond = divergence, buy with caution or look for failure then sell short
Magenta square = divergence, short with caution or look for failure then buy long
Moving Average Group Interactive Convergence (MAGIC)
I wrote this for VIP Members Only.
I noticed several members using multiple moving averages and looking for convergence between them. So, I wrote this indicator to combine up to six moving averages into a single display.
- Six moving averages in one
- Independently select Moving Average length, type, and use of Double*
- Scoring model: If >= 3 of 6 rising = Up, if >= 3 of 6 falling = Down, otherwise Neutral
* Double means extra smoothing by double-averaging the MA
The selectable MA types are: SMA, EMA, HMA, VMA, EhlersFilter, ADXVMA, ZeroLagEMA and JMA.
Attached are a few screen shots (MAGIC is the bottom panel). I was in a bit of a hurry so I didn't make the MA's an enum drop-down but it gets the job done. Also haven't done a lot of testing so let me know if bugs...
Hi guys, another indicator to meet your "fix" for today.
This is VIP only, please do not share or distribute.
This is a KISS mentality indicator (keep it simple, stupid). But I am now using it instead of TrendBars2 because it really does a fantastic job. You can turn off the paintbars if you just want a moving average line, but I am using it for paintbars.
It's a Triple EMA but it does not calculate like TEMA for Ninja. I am cramped for time so didn't Serialize the colors, so if you don't like my choice of candle colors you'll need to edit the indicator directly.
Enjoy. It's the paintbars in the top panel.
PS - The strategy trades shown are me testing a new CL theory
The indicator works a little different than websouth's implementation, because he was using the displacement chart feature which puts lines behind (historical) price. Within the indicator, I just painted the line using historical data, but it still plots real-time.
At any rate, it is a very interesting indicator. Sometimes it is a thing of beauty, others the visual aesthetics are not appealing but that usually means chop. If the indicator looks like shit then the price action is probably shit, too.
All colors are fully configurable, as is the shading, and opacity. You can also control the historical period rate.
Attached are a few screens plus the indicator. It's the top panel stuff.
UPDATED FEB 6 2010: v1.05 now includes Slope feature
(this is included in BMT Envelope Fib Bands)
The purpose of BMTCollectiveMA was to take the most commonly used moving averages and combine them into one. It is my belief that SMA 9, SMA 34, SMA 100, EMA 20, EMA 34 and EMA 100 are the most widely used.
While it is possible for people to use JMA and ZeroLagEMA and etc etc lately I've been focused on and moving towards trading a bigger picture, and part of that journey has taken me to trading only a 5 minute chart (or bigger) and focusing on what the most successful traders in the world are looking at.
So the idea was to collectively combine what "the collective" (these successful traders) are using to average them into one. It works terrifically with the BMT Envelope Fib indicator, which is what I use it with.
Why did I create it, or why do I think it's useful? Because I found EMA 20 to be very useful. But I also found EMA 100 useful. Oh, and SMA 9, and etc etc etc. They each have very useful properties. So I decided to put them all together and trade it that way.
I think it's most useful when used with the BMT Envelope Fib indicator because that indicator measures multiple S/R areas (envelopes) around price, and the very nature of the CollectiveMA means it will find more confluence in these areas than a single MA would.
Even though the idea behind BMTCollectiveMA is a simple one, please keep it for VIP members only. As you know, I try to reward VIP members for their support and want to keep these just between the group that has vested interest in the site.
Feb 5 2010: Version 2.02 is available here and is also NT7 compatible.
This is for VIP users only.
Please do NOT distribute!
As always, I spend my time developing indicators to give to the VIP community, since it is those within the VIP community that are supporting BMT. If you share this indicator with someone else or on another website, it hurts me.
This indicator allows you to choose an SMA, EMA, HMA, WMA, VWMA, JMA or ZeroLagEMA and then paint fibonacci levels above/below that price.
You can choose two calculation methods. Method 1 uses 34, 55, and 89 for bands. Method 2 uses 38.2, 50.0, and 61.8.
Attached are some screens.
Please give me some feedback and let me know what you think.
BTW, this indicator does not repaint and it does work correctly with COBC false.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NO [feedback]
Some recent posts have been talking about OBV. I have been on a Divergence kick lately, so decided I wanted to write an OBV Divergence indicator. It turned out pretty well, so I am releasing it here.
This is for VIP Users Only. Please do not share it or post it elsewhere.
Divergence is when one thing is doing the opposite of another thing.
Here, if OBV is rising, yet the period price is falling, that is a divergence down. It will print a Magenta square.
If OBV is falling, yet the period price is rising, that is divergence up. It will print a Cyan diamond.
What does this mean? It means 'watch out'. When divergence is printing you should be very careful with your trades. Once divergence STOPS printing, it is important to see how the divergence was reconciled. Was the next print afterwards a DOWN movement, or an UP movement? In general, you should trade in that direction.
But, there are a few things to remember. The zero line here is important. Below zero typical means shorts only, above zero typically longs only. As always you should rely on more than one time frame to make trade decisions.
In the screen shots, the OBV Diver is the bottom panel. Attached is the indicator as well. I look forward to your input. (btw, the top panel shows the Wave indicator which I also just published).
This is for VIP use only, please do not distribute it.
I've been toying with both 24h and cash only charts (session times) and wanted a quick way to visually make sure I knew which chart was which.
So I created this indicator that lets you put a chart label on the chart. It allows you to configure all the colors, font size, opacity, position, etc.
I know others have used another method of renaming an indicator label to show the "Chart Name", but this seems better.
February 29th, 2016 07:07 PM Target Thanks for sharing.
December 6th, 2013 12:49 AM efeuvejota01
October 23rd, 2012 10:57 PM Ron Schnee Keeps me organized, the way to keep track of many, many indicator (chart) changes you may be trying, simple idea but so,
February 3rd, 2012 06:52 PM phillip This looks interesting. Thank you!
January 3rd, 2012 01:03 PM tukhoai Thank you meister! very clever indeed
May 21st, 2011 10:06 PM bearman12 The Golden Mean of MA's
December 21st, 2010 01:24 PM paraje Thanks
February 7th, 2010 03:53 AM cunparis I've been looking at this and it's uncanny how many times price will tap it and then continue on with the trend. I thin
k it's better than a single moving average where one is always wondering what period to use.
November 4th, 2010 06:12 PM Houston Jr Interesting chart you are working on...has potential, if Im not inputting my biases...added the MomStop V2 with momenty