This is the TrendGRaBer, ORIGINALLY created by @ Aligator. His NT7 version can be found HERE, and the NT8 version he created is on NT's EcoSystem HERE.
This indicator is based on a setup by Mrs. Raghee Horner. The credit for the setup goes to Mrs. Horner, and the indicator development to Aligator.
If interested in more information about trading this system, you can watch a webinar she posted HERE.
The indicator is simple, in that it produces 3 moving averages, based on a the High, Close and Low. These 3 MAs produce a channel. Prices that close ABOVE the channel are painted based on the bar's Open-Close relationship. Prices BELOW in a similar fashion. Closes in between the upper/lower channel a different color, also based on the individual bar's Open-Close relationship.
The indicator updates in real-time, on each tic.
The MA types available are:- EMA
- SMA
- HMA
- WMA
- DEMA
- TMA
- TEMA
- ZLEMA
Again, this indicator is not my idea, but based on the setup by Mrs. Horner, and the indicator built by Aligator.
---EDIT - 24January2020---
This indicator was renamed to Trend GRaBer with proper citations provided.
Category NinjaTrader 8 Indicators and More
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