This indicator plots the difference between 2 moving averages as a multicolored plot. The zero line is actually the slower of the 2 moving averages. You can select from 6 different moving averages. The screenshot shows the combination of EMA and SMA. So, you can pick your poison.
The multicolored plot is the difference between the slow and fast moving averages. Lime indicates the plot is rising, red is falling, and yellow is flat.
The dots on the zero line tell you the plot is above or below the zero line.
The histogram tells you the slower moving average is rising or falling.
Written by Mike Winfrey, aka Joe Blow, don't remember when I wrote the first iteration. However, this one, Version 1, was completed on May 11, 2010.
Exported 6.5.1000.15
Haven't done anything with NT7 yet. Not worth the effort yet.
Just a note...send a PM to me if you have questions or comments. I won't be notified if you leave a comment here with the indicator and as a result you may never get an answer.
Category NinjaTrader 6.5 Indicators
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