This is an improved version of the drive indicator.
The indicator detects both volatility and momentum and shows the relationsship between bullish momentum or bearish momentum and volatility.
Volatility is measured via the absolute value of the indicator. You will notice, how it moves up during the day session and moves down during the night session.
Momentum is measured as the difference between the two lines. Positive momentum is shown as green and negative momentum is shown as red. The momentum is measured via the enhanced momentum indicator, which is included.
The lines are smoothed with a Hull moving average for display.
Thank you for converting it to NT8. In the following photo I explain the Strategy. It is a 30 second chart when the 2 indicators coincide and the candle is born from the EMA 8, it is an entry candle. Although in the photo you can see 2 entries, I would …
With the help of NinjaTrader_Kate I have created 2 separate line tools, that you can set the default color of your choice for support and resistance areas.
December 18th, 2021
Size: 99.00 MB
Downloaded: 27 times
2478
xplorer
Exported using NT Version 6.5.1000.6
Description
This is a moving average created by Igorad from the Trend Laboratory and Forex-TSD forums.
It has very low lag when the market is trending and is usually flat when the market is ranging.
Change Log Updates 1.
Changed MA_Mode to only allow SMA or WMA Updates 2.
Allow kV input minimum value to be 0
Allow Percentage input to be positive or negative Updates 3.
No longer BETA.
To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
The purpose of this book is to help you learn the basics of EasyLanguage and explain how to make use of this powerful language for creating your own trading strategies and analysis techniques using familiar terminology and simple logical statements.
November 8th, 2015
Size: 9.15 KB
Downloaded: 2062 times
1677
cory
Exported using NT Version 7.0.1000.26
Indicator will only run on NT 7.0.1000.5 or later
The indicator displays the opening range and the current open of the RTH session. This version is a multi-timeframe (MTF) version of the standard OpeningRange V42 indicator. The indicator adds a secondary minute bar series to the chart, which is used to calculate the opening range. It has the following advantages over the standard version:
For tick, range and volume charts: The standard indicator may not display the opening range correctly, if the last bar expands the opening range and closes after the opening period. The MTF version of the indicator will display the opening range correctly, even if the primary bar series does not contain the necessary information for its calculation. An example is shown on the chart attached.
Use with minute charts: You want to use this indicator with minute charts, if the opening period is not an integer multiple of the bar period. Example: You trade 7 min charts and your opening period is 30 minutes.
You can only use this indicator with an appropriate session template. The opening time will align itself to the start time of the RTH session, as specified via indicator settings. The hybrid setting assumes that you want to use the 3rd intraday session as RTH session for FOREX and currency futures and the second session for all other instruments.
Example ES: Select a session template with the following sessions: Session 1 (night session) 15:30 - 8:30 Central Time, Session 2 (RTH) 8:30 - 15:15 Central Time. Select second session for opening range.
Select length of opening period: The opening period can be selected via indicator dialogue box.
Select Offset: With an offset of 00:00, the indicator aligns to the start of the selected session. If you enter a positive value for the offset, the opening range will be shifted forward from the session start. For example if you open a chart for ES with the session template US CME Index Futures, then the session (and the trading day) starts at 5:00 PM Central Time. To display an opening range for the regular session, you need to enter an offset of 15:30, because the regular session starts 15 hours and 30 minutes after the start of the trading day.
Display regular open or one-minute-range: The indicator allows to either display the regular open or the range of the first minute of trading after the start time selected for the opening range.
Developing range: Prior to the completion of the opening range, the indicator plots the developing range in gray to show that the range is still incomplete.
Night Session or Pre-Session Range: This is different for each instrument and refers to the electronic session prior to the session selected for the opening range.
European Session Range: You can select start and end time of the European Session in CET (Central European Time). The European Session is pre-configured for the time between 8:00 AM and 1:00 PM CET.
Asian Session Range: You can select start and end time of the Asian Session in TST (Tokyo Standard Time). The Asian Session is pre-configured for the time between 9:00 AM and 3:00 PM TST.
Update July 25, 2011: Serialization of the plots and indicator dialogue box changed.
Update December 8, 2013: Indicator entirely recoded. Offset added, opening period no longer needs to be aligned to the session start. Drop down property added for time zones. Custom plot added.
Update March 15, 2015: Regular open and minute range were drawn back to start of trading day on tick charts. Bug removed.
October 31st, 2019 01:30 AM GwaiZaiTrader Thanks this indicator is great!!! I am trying to switch to NT8 and attempted to convert it with the methods outlined her
e and no errors were given. I imported it to NT8. No errors or logs were given during Ninjascript import, but the indica
tor cannot be found.
March 17th, 2016 09:28 AM no3putts Thank you!
November 25th, 2014 08:14 AM CelticTiger Excellent!!
April 5th, 2022 08:28 AM ScootersRoofing Can this indi plot the 30 sec OR - I have this setup on SC without issue and I'm looking to move to NT
June 18th, 2017 10:34 AM kiro Thanks Harry,
as always top performance!
March 15th, 2017 01:55 AM Vedant Sincerely appreciate your generous work...
March 7th, 2017 09:30 PM romus Many thanks
June 1st, 2016 10:40 PM 1973Hog Thanks for the Indicator. However, try as I might, I cannot figure out how to make the Opening Range start at 09:30 ET.
I tried using the Offset as you suggested, but the OR disappears with anything other than + 00:00. I am sure it is somet
hing I am doing wrong but I cannot figure it out. Your help would be most gratefully appreciated.
February 5th, 2022 09:11 PM chalil Thanks, nice ! Can an option be provided in settings (or button on top) to enable/display price labels at the extreme ri
ght end of the lines ?
December 29th, 2021 12:42 AM DonL Thank you it can be very useful viusually!