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NinjaTrader 6.5 Indicators
Indicators in this section are compatible with NinjaTrader 6.5

SMI4 5 *
I enhanced Cory's SMI2 and added a price bar coloring option, as well as background coloring option and the option to draw a vertical line on the price panel when trend changes. You can also put this indicator in panel 1 and turn off all the plots (Set all plots & alert line to TRANSPARENT) and just using the background colors to color the background of the price panel, if you desire. I altered the default settings and some of the plots so that it now looks more like the Eco2 (Ergodic) indicator, and is (I think) a little easier to read than Eco2.

March 23, 2010: Update

Fixed a "repainting" problem that other members discovered. Cleaned up the code. Changed the text that read "very over bought / very over sold" to "chop zone upper" & "chop zone lower". Removed the ChopFilter function, as it added nothing to help in keeping you out of chop.

"POSSIBLE CHOP" when SMI dot enters the +20 / -20 zone
"LONG BREAKOUT" when SMI dot exits above the +20 zone
"SHORT BREAKOUT" when SMI dot exits below the -20 zone

NinjaTrader 6.5: YES
NinjaTrader 7.0: YES - ZTrade101

Category NinjaTrader 6.5 Indicators  NinjaTrader 7 Indicators 
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Details: SMI4
Category: NinjaTrader 6.5 Indicators  NinjaTrader 7 Indicators 

March 23rd, 2010
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Keywords: stochastic wizard momentum smi smi4


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