I added bands to the EMASlope indicator. The bands are calculated from the volatility of the candles. The user sets a multiplier for the bands. In this pic the EMA is set to 34 and the multiplier is set to 1.57 (Pi/2). You can see that in the churn areas, the price stays within the channels of the bands until it breaks out.
Features:
Set the color of EMA and Bands according to slope (30 and 60 degrees in pic)
You can color the background according to the slope of the EMA (shown at 20% opacity).
The distance (ticks) from top band to bottom band is displayed on the screen.
Button on axis to hide the plots, allowing several EMA with different periods to show or not.
EMA Period and Band multiplier shown in button. Title shows EMA period with indie name.
R1: 3/10/21: Added margin label font size control to user panel per request from JC195461.
R2: 2/28/2022: I normalized Bands to accommodate fractional TickSize.
Trade Well...
Bob
Category NinjaTrader 8 Indicators and More
|
|
|
View Download Details