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MACDBBLines (amaMACDBBLines)
Version 1.3 October 30, 2018
The
MACDBBLines
indicator is built from a standard MACD indicator with Bollinger Bands added to the signal line. The MACD values are shown as dots. This indicator is typically used to generate with-trend entries when the upper or lower Bollinger Band is violated.
Minor trend: The minorlower timeframe trend is up when the MACD is rising. It is down when the MACD is falling.
Major trend: The higher timeframe trend may be taken from the MACD itself. An major uptrend is signaled when MACD > 0, while MACD < 0 stands for a major downtrend.
Public Properties: The indicator comes with a few public Series<double> that can be accessed via other indicators or automated strategies. These will also be shown in the strategy builder. The series "Trend" may be used to detect the minor trend. "Trend" will show the value +2 when the MACD is rising and above the upper Bollinger Band, +1 when it is rising and below the upper Bollinger Band, -1 when it is falling and above the lower Bollinger Band, -2 when it is falling and below the lower Bollinger Band. You will further find two Series<double> "LongSignal" and "ShortSignal". "LongSignal" will return +2 for an upper band violation in a major uptrend (strong signal), +1 for an upper band violation in a major downtrend (weak signal) and 0 for no signal. Accordingly, "ShortSignal" will return +2 for a lower band violation in a major downtrend (strong signal), +1 for an lower band violation in a major uptrend (weak signal) and 0 for no signal.
Market Analyzer Column: The indicator comes with two separate market analyzer columns. The first column will simply indicate the trend and return values based on rising and falling MACD above or below the Bollinger Bands as described above. The second column will return entry signals, where +2 stand for a strong long signal, + 1 for a weak long signal, 0, for no signal, -1 for a weak short signal and - 2 for a strong short signal. For the market analyzer I have squeezed long and short signals into a single column, as there is little space on a market analyzer. For the Series<double> objects, I have separated the LongSignal and ShortSignal series, as they are designed to return positive values or 0 for no signal only. Please pay attention to the difference.
Paint Bars: The indicator comes with paint bars that reflect the minor trend. The colors are similar to the colors for the MACDBB dots, but you may differentiate between upcloses and downcloses.
Sound Alerts: The indicator comes with sound alerts that will be triggered when the upper or lower band is violated, or when the major trend changes.
Category
NinjaTrader 8 Indicators and More
Details:
MACDBBLines (amaMACDBBLines)
Category:
NinjaTrader 8 Indicators and More
October 31st, 2018
Size: 14.91 KB
Downloaded: 2136 times
Keywords:
bollinger
macd
macdbb
macdbblines
oscillator
2009
Fat Tails
Comments/ratings
Aregon
October 31st, 2018 04:56 PM
No Comment
tradingon
October 31st, 2018 10:10 PM
Thanks Fat Tails
nice work ... thankyou
tradingon
kiro
November 3rd, 2018 03:14 PM
Thank you Harry!
bmforum
November 10th, 2018 07:27 AM
you are the best Harry!
Skid
November 12th, 2018 04:16 PM
Thank You! Love your work.
Lawrencejude
November 27th, 2018 10:33 PM
Veagle
December 4th, 2018 11:39 PM
Beautiful, thank you very much!
Happy trading,
Tu
kaizen
December 5th, 2018 11:01 AM
Awesome. Thanks!
futuros
March 21st, 2019 01:35 PM
Excellent indi, thank you!!!
RobertGrover
April 3rd, 2019 12:34 AM
Looks awesome. Can hardly wait to try it out...
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All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.