gbPriceActionSwing Ver 1.1, TraderGB, March 23, 2021
This is a modified version of PriceActionSwing indicator that includes the Keltner Minor Trend Rule.
The minor trend turns:
(1) UP when price moves above its most recent high and stays UP until price moves below its most recent low, when it is considered to have turned DOWN.
(2) DOWN when price moves below its most recent low and stays DOWN until price moves above its most recent high, when it is considered to have turned UP.
Keltner defines an upward trend by the failure to make lower lows and a downward trend by the failure to make higher highs.
General Usage:
1) When the trend is up (background=green), you'll want to trade long on the up swings of the up trend (the Trend is Up and the Swing of the up trend is Up).
2) When the trend is down (background=red), you'll want to trade short on the down swings of the down trend (the Trend is Down and the Swing of the down trend is Down)
Suggestion Application - have three charts:
(1) Long-Term Chart: Used to get an idea of the long term trend.
(2) Intermediate-Term Chart: Used to detect the swing points turning in the same direction as the trend.
(3) Short-Term Chart: Used for entry/exit and trade management in the same direction of the trend and swing.
The screenshot shows a 30-tick range bar chart with the indicator parameters: SwingType=Standard and SwingSize=20.
The large green arrow shows the trend direction being up. The smaller green arrows show the "up swings" within the "up trend".
There are seven up swings in the ES of roughly 59, 82, 85, 102, 47, 58 and 53 points.
Looking within the up swings, there are many opportunities to get long using a lower timeframe chart.
References:
How to Make Money in Commodities, Chester W. Keltner, Keltner Statistical Services, 1960 (pages 52-54, 61-64).
The line chart on the top of page 61 clearly illustrates this rule.
Updates: Ver 1.1, 3/23/2021
1) Added independed AddOn gbPriceActionSwingBaseMethods. Some users were having issues with an existing version of PriceActionSwingBaseMethods that was different from the version that this indicator is based on.
It has two parts that are added together:
(a) A 9-period Momentum on a 14-period RSI
(b) A 3-period SMA on a 3-period RSI
The result is an unbounded RSI that better catches divergences than the traditional RSI indicator.
Note: This indicator uses Input rather than Close. Thus, you can feed any indicator into this indicator (i.e., On Balance Volume, etc).
Presentation Mode Options:
(1) Traditional : Shows traditional Composite Index
(2) Traditional with Bands: Shows traditional Composite Index with Bollinger Bands
(3) ZScore : Shows Composite Index in Z-Score
March 17th, 2021
Size: 12.17 KB
Downloaded: 284 times
2339
TraderGB
gbXPointNBarsBack Ver 1.0 by TraderGB, March 16, 2021
Description:
This indicator finds the point where the current High and a Low N-bars back intersects with the current Low and a High N-bars back (forms an X). It creates a synthetic data point that can be feed into other indicators. Think of it as a substitute for common inputs such as: High, Low, Open, Close, Median, Typical, Weighted. Although some may use this as an indicator on its own, its really meant to be feed into other indicators. Experiment with it and see where it takes you.
The screenshot tries to illustrate the X (cross) point where BarsBack=1 and BarsBack=2.
March 14th, 2021
Size: 7.83 KB
Downloaded: 1097 times
2337
TraderGB
Hello,
In a podcast I was listening to earlier this week from Anthony Crudele titled "Mastering your trade setups with Damon Pavlatos" Damon spoke about his market profile and how he uses 3 separate colors reflect sessions vs. 30m blocks.
It can be found here
I thought I would try something similar with NT8 and share it.
The items can be found in NT8's Orderflow plus.
The Volume profile for this image is a 7 day and weekly pivots. ( he doesn't use pivots, I'm a fan)
After downloading and unpacking, install into the Documents > NinjaTrader 8 > Templates > chart
Thanks,
Brett
PS. The times could probably be cleaned up a bit, but should be a good start.
*** Yeah, Typo when I named the Tab, just rename it. ***
March 14th, 2021
Size: 6.16 KB
Downloaded: 1274 times
2336
brettji
gbRMMA (Ver 1.0) by TraderGB
This is a very modified version of the original Rainbow Multiple Moving Average (RMMA). It allows many averages of a given type based on user input.
Modifications:
1) Put input parameters within indicator (original indicator got input params from file).
2) Added more moving averages/filters to choose from.
3) Added deviation bands where you can choose between StdDev or ATR and multiples for bands 1/2/3.
4) Added mid-point plot of all averages. StdDev/ATR bands are based off this central point.
5) Ability to hide average lines.
6) Ability to color averages based on Up/Down colors or use Rainbow colors.
7) Ability to color background based on these trend rules:
* SlopeFull - Looks for all averages trending in the same direction before flipping trend direction.
* SlopeHalf - Looks for the number averages rising vs falling to determine trend direction.
8) Ability to show/hide the mid-point.
9) Ability to color bars based on if close is above/below mid-point.
10) Ability to show/hide bands.
11) Many color/opacity options.
gbTimeSeriesForecastPosNeg (Ver 1.1) by TraderGB, March 8, 2021
In the process of coding gbMAxMTFx4, I had to go through each average/filter indicator that this script called and see what the minimum value was for length. To my surprise the stock Time Series Forecast (TSF) that comes with NT8 allows the Forecast input to be negative down to -10. I thought that was interesting and is what inspired this indicator.
Concept:
The basic idea here is to plot both a positive and negative time series forecast for a given length. It follows this rule for trend:
* Trend changes to UP when both positive and negative TSF rise together.
* Trend changes to DOWN when both positive and negative TSF fall together.
Input:
* PosForecastValue can be an integer between 1 and 10.
* NegForecastValue can be an integer between -1 and -10.
* Usually you'll want to have the same pos/neg forecast value, one positive and one negative (i.e., 3 and -3). But, this indicator allows you to input different values for this (i.e., 3 and -4).
Options:
There are many options on how you choose to decorate this indicator:
* Allows color/opacity rising or falling for plots, shade area, bar body, bar outline, background, and hi/lo line.
* Hi/Lo Lines are just the lines that extend to the right of both the TSF plots.
* Option to turn on/off coloring for plots, shade area, and bars.
* Hi/Lo lines have options to turn on/off, line style, and line width.
Updates:
Ver 1.1 (03/19/21): Fixed bug with saving template
March 8th, 2021
Size: 6.85 KB
Downloaded: 683 times
2333
TraderGB
Hello Traders, a trader that downloaded the EMASlope indicator asked if the same slope color scheme could be added to the T3 indicator. The T3 is considered a swing indicator which is suitable for all timeframes and trading instruments including forex, stocks, commodities, cryptocurrencies, indices, etc. Presented in 1998 by Tim Tillson, it is also known as the Tillson Moving Average. It was developed to minimize false signals that are common with other MA's... Some traders trade PA above/below, and the more conservative will trade with the slope and PA above/below
Shown is the T3Slope with Period = 55, Tcount 7 and VFactor0.7 on a 144Tick YM Chart.
The slope color in this case, changes at +/-15 degrees and +-45 degrees. The colors can be selected to only change for upslope and downslope or for degress as shown. The background can be set to show slope dependent color and opacity. There is also a button to disable the indicator located on the Time axis. The button has the indicator name and Period on its face. Also there is a label in the right margin that colors with the indicator. All parameters are user selectable
Give it a spin and leave a comment...
Trade Well
Bob
March 6th, 2021
Size: 6.86 KB
Downloaded: 585 times
2332
bobc635
Please post any bugs/feedback you may have in this thread. It also includes more details.
Not 100% sure it counts correctly 100% of the time but so far back tests look promising! It counts it in Mack's style.
Features:
Counting Second Entries
Counting Other Entries
Future Signal and Risk display
The indicator is highly adjustable so that it can fit for other instruments as well
Parameters:
Target: Shows where the future signal will draw the target.
Max Stop: will change the risk to turn magenta if risk exceeds max stop.
Entry Placement: Useful for other instruments. Will only count as an entry if the price is greater than/less than the previous bar's high/low plus the amount of ticks set here.
Stop Placement: Distance from signal bar your stop will be placed.
Margin: Distance from bar the indicator is drawn.
Reset count on DT/DB: allows for the count to reset whenever a double top or double bottom forms
Longs on top/shorts on bottom: Flip placement of entry text
March 28th, 2021 10:01 PM Haggai It looks interesting but I was unable to use since this was made in an older version of NT8. Can you update for v8.0.24
.1? Thanks
March 19th, 2021 10:05 AM KrazyTrader
March 16th, 2021 06:59 AM martinforsure Your chart says 1140, but in description it says 1440 minute chart