NOTE: The major parameter that controls this indicator is the L_Period, NOT the AdaptLength. Try slowing down the L_Period from 4 to around 10 and note what happens.
I made two minor tweaks. So most of the credit for this goes to itguy, who did the hard stuff.
The original version would start with a very low initial value and take many bars to converge upon the price series. This version will converge almost immediately after starting up.
The original version used the familiar method of switching between different colored plots to simulate a multi-color plot. This version uses the PlotColors method to change the color of a single plot, which is now a true multi color plot. That's why this indicator will work for Ninjatrader 7 ONLY.
Updated on Oct 28, 2011. Plot colors and line properties have all been moved to the PlotAttributes area near the bottom of the indicator properties. Have not yet checked regarding report of performance issues on COBC false.
Ninjatrader 7 ONLY. Ninjatrader 6.5 does not support multicolor plotting. Another reason to take the leap.
Category The Elite Circle
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