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SMI4
I enhanced Cory's SMI2 and added a price bar coloring option, as well as background coloring option and the option to draw a vertical line on the price panel when trend changes. You can also put this indicator in panel 1 and turn off all the plots (Set all plots & alert line to TRANSPARENT) and just using the background colors to color the background of the price panel, if you desire. I altered the default settings and some of the plots so that it now looks more like the Eco2 (Ergodic) indicator, and is (I think) a little easier to read than Eco2.
March 23, 2010: Update
REPAINTING
:
Fixed a "repainting" problem that other members discovered. Cleaned up the code. Changed the text that read "very over bought / very over sold" to "chop zone upper" & "chop zone lower". Removed the ChopFilter function, as it added nothing to help in keeping you out of chop.
ADDED TEXT ALERTS:
"POSSIBLE CHOP" when SMI dot enters the +20 / -20 zone
"LONG BREAKOUT" when SMI dot exits above the +20 zone
"SHORT BREAKOUT" when SMI dot exits below the -20 zone
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES - ZTrade101
Category
NinjaTrader 6.5 Indicators
NinjaTrader 7 Indicators
Details:
SMI4
Category:
NinjaTrader 6.5 Indicators
NinjaTrader 7 Indicators
March 23rd, 2010
Size: 10.70 KB
Downloaded: 2181 times
Keywords:
stochastic
wizard
momentum
smi
smi4
391
TheWizard
Comments/ratings
CTGUY
March 26th, 2010 10:19 AM
Another fantastic indicator by The Wizard. Thanks for updating and posting.
oneguy
May 14th, 2010 03:52 AM
thanks a lot
MartinTom
October 22nd, 2010 06:46 PM
Hi, it looks very interesting. I have downloaded this indicator and I am going to test it now. M
Trendseek
August 31st, 2011 05:06 AM
This is a nice Application of Blau's SMI
Thanks for That!
jwdixon
March 23rd, 2012 04:01 AM
LOVE IT!!
jmsUK
January 13th, 2014 04:03 AM
Thank you for this indicator which looks really helpful. Will compliment what I am using. Nice job. Well done
vegasjolla
June 3rd, 2014 08:13 PM
Great job !!
Thank you.
dee50
August 25th, 2014 06:24 AM
Thank you, belated but nevertheless, heartfelt.
Portland
July 17th, 2015 02:38 AM
Thank you sir
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