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dpQGPv1
Oscar Wilde said imitation is the sincerest form of flattery. So with thanks to the QG Better Channel authors, I have taken that indicator and modified it to better serve my trading style. Here's my dpQGP- QGPair. It is now a pair of channels, fast (Trend1 and Trend2) and slow (Trend3 and Trend4), and as price moves around those channels, signals are generated. Everything is available for your tweaking: channel coloring, signal type/color/size, channel upper and lower parameters.
In the Properties, there is a property named 'ContinuationSignals' and it has a numeric input. That number is the number of bars allowed between price falling below Trend1 and rising back above it for long signals, or price rising above Trend1 and then falling back below Trend1 for short signals. It will become clear when you see it on your chart.
There is a Toggle on the Control line at the top of the chart with options of Off, Single, and Double.
Off = no signals painted
Single = only Trend1 is considered for a signal to paint
Double = Trend1 AND Trend3 must be in agreement for a signal to paint.
You can fine tune the channels by altering their length properties which will make the channels either closer to price action or farther away. Although shown on a 144 tick chart, it works on any time period or tick period, Renko, etc.
I hope you find it useful. As always, please leave some feedback (private or public), good or bad, as it gives me ideas for making it better. Thank you. Dave P.
Category
NinjaTrader 8 Indicators and More
Details:
dpQGPv1
Category:
NinjaTrader 8 Indicators and More
July 24th, 2023
Size: 10.43 KB
Downloaded: 1416 times
2669
DaveP711
Comments/ratings
tcwairoa
July 24th, 2023 03:31 PM
Awesome work Dave, many thanks.
bk2020
July 25th, 2023 08:27 AM
This is really cool, Just 1 quick question. Do you only use 144 ticks or do you use other numbers when entering a trade? Thanks!
Bvend
July 26th, 2023 07:10 AM
unbelievable work Dave. Thanks for sharing
Falco11
July 26th, 2023 08:57 AM
No Comment
hoelliman
July 26th, 2023 02:19 PM
really thanks
paulr
July 27th, 2023 11:59 AM
No Comment
Rickb
July 27th, 2023 07:13 PM
Great Work
daytrader53
July 28th, 2023 05:04 PM
No Comment
daytrader53
July 28th, 2023 05:04 PM
Nice
Tradarr
July 28th, 2023 05:24 PM
Thanks!
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