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dpQGPv2

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.

UPDATE! dpQGPv2 is here. May 26, 2024
It's hard to mess with something that is this useful, but I did.
Under the Parameters A properties, you will now find some options for smoothing the Trend1 cloud.
I've also added the ability to use sound files, so the chart can talk to you.
And in addition to the existing continuation signals, I've added Proximity Alert signals (Thank you Star Trek).
Although it may seem obvious, you want to initiate a trade when both trends are in agreement, and when price has pulled back to the Trend2 area.
You should ALWAYS be looking to take the trade at the 'best place to be wrong'- and not while price is extended- that means your stop loss is close by and it won't ruin your day if it gets hit.

Many thanks to all who wrote in offering suggestions. As usual, please leave some feedback. Thank you. Dave P.

UPDATE on June 19, 2024.
Gulp! It looks like my earlier 'update' was my original v1. I apologize for that mistake. This IS version 2, even though when it loads into NT8 it will still say 'dpQGP.' Again, very sorry for the inconvenience. And a shout out to Peggy for finding the error!

Category NinjaTrader 8 Indicators and More

Details: dpQGPv2
Category: NinjaTrader 8 Indicators and More

July 24th, 2023
Size: 20.45 KB
Downloaded: 1521 times

Comments/ratings

Ethgoood2020 November 18th, 2023 04:28 PM

Do anyone know how to to automate the signals is it 0 = 1 for long

Jim G December 2nd, 2023 06:44 PM

No Comment

JJ11 December 24th, 2023 05:18 AM

Excellent job

johnvn December 24th, 2023 07:25 AM

No Comment

sienna December 26th, 2023 03:40 AM

Excellent job, many thanks !

sienna December 26th, 2023 03:41 AM

No Comment

sienna December 26th, 2023 03:41 AM

Great job, many thanks !

supertradersam February 20th, 2024 07:09 PM

Hello @davep711

Thank you for your wonderful indicator.

i have configured mine with trend 1 (8 ema and 9 ema ), and trend 2 (20 ema, and 34 ema) => as faster, and slow emas respectively.

I get below layout, which is completely different from the way you put in your screenshot.

for eg: nice dotted line , zoned with dashed line, green, then nice trend reversal.

I dont see dotted line at all.

please see below mine

https://nexusfi.com/attachments/337935

https://nexusfi.com/attachments/337938

i put my chart in 2 minutes time frame.

i also tried 144 ticks, but same look and feel.

i have single, as well as double i tested.

please let me know what i should correct in my settings.

Thank you so much.

rgo1 March 6th, 2024 02:40 PM

Thanks-Nice work

mbluhm March 26th, 2024 06:22 PM

Outstanding!!

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