This indicator uses Linear Regression as main driver. It's based on a longer and shorter period LR used as a signal.
I find it most suitable for indicating when to add new contracts to already opened position or if you've missed trend break-out this can find you a nice entry.
Should you have market trending down, you enter when histogram reaches near 0 and you can either wait to change direction and go in the opposite direction or use some "fixed" near 0 detection method.
On the image you can see how nice have been identified places where to add to an existing position, or even enter market if not done so already.
Please check here for early trend change identification and how trading divergences possibilities.
Parameters:
- Adaptive period: you can select to use adaptive period proposed by John Ehlers for short period calculation
- Period multiplier: is to be used if you've selected adaptive period so from short period calculated will be derived long period value by multiplication
- Long LR period/Short LR period: are to be used as fixed values for Linear regression period
- Long/Short smoothing: is SMA smoothing applied to LinReg
Notes:
- Red/Green histograms are selected on Falling/Rising base respect to previous value.
- In debug mode you can see additional 2 lines plotted. Those are actual angle measure line for longer and shorter period LR.
This book is actually a compilation of 15 articles Norman Hallett of Subconscious Training Corp wrote for TradersWorld Magazine. Free download as follows:
Please keep that in mind, this indicator is my first one. I will try to make it better, but I am not a programmer, so pls try to be patient. If you are finding any bug, or having idea to improve it dont hesitate to shoot me a PM.
The indicator is mainly usefull if you are:
- you are primarly trading US indexies
- if you dont want to see every level, just a few, and find trades there with your other indicators
- using a 24/7 session template to see all the moves for the globex and the RTH session too
- you would like to see the opening range (first x min high low) but you are using a tick or volume chart
- you would like to see the globex high and low
- you would like to see the Y-day close
- you would like to use vertical time markers, to find trades at different time
- you would like to spot trend extensions based on globex high low levels
Please to configure the indicator always use the session template times, so you dont have to bother with different time zones etc...
Please keep that in mind the indicator is not calculate the data on a tick basis, so the close time and the opening bar size could be not accurate to the tick, because it is calculated on barclose only!
On the screenshot you can see many indicator (just to give mine into the context). the merTickBasic indicator is the vertical and horizontal lines on the main chart nothing more or nothing less!
Same plots as the MAMA "system indicator". That version was translated from TradeStation® EasyLanguage® code without taking into account the coding flexibility of Ninjascript®, resulting in a bloated resource hog.
Changed code to eliminate unnecessary, duplicative calculations.. there were A LOT of them.
Added multi color plotting.
The indicator will appear in a new FOLDER called Moving Averages.. look for it there.
October 28th, 2015
Size: 3.37 KB
Downloaded: 941 times
1671
Zondor
This is a basic indicator prepared while reading Al Brooks' first book.
Al Brooks advises to be very cautious when trading the ES in the middle of the day and in the middle of the range of the day, especially in case of Barb Wire.
This indicator simply identifies the zone which are "in the middle of the day and in the middle of the range of the day". It is supposed to be used for past data, just in order to "have a look".
"Middle of the day" is defined by the user through the beginning time and the end time of the period (default values: 1130 and 1330)
"Middle of the range of the day" is defined by the height of this mid-range compared to the current Hi-Lo of the day. The default value is 0.33 (33%). It means that the "middle of the range of the day" is the range which is at the middle of the current Hi-Lo of the day and the height of which is 33% of the current Hi-Lo of the day.
As i am often trading from a laptop, i always wished to have some kind of a small chart in my actual trading chart to keep track of other instruments or a smaller tick or range chart of the same instrument.
This is pretty much what this rather simple indicator does.
I am fully aware that there are at least one thousand things that could be added to this indicator but as usual, it is what it is. You are free to use and edit the code but i am not gonna implement anything else as this is exactly what i need for my personal trading.
The indicator draws a rectangle to display the mini chart, which can be dragged and resized as every other rectangle in NT8.
the archive also includes a custom range bar type without gaps.
Cheers,
Mike
Updates:
- Value Area Zones added
- ChartTrader Orders are now visible
- Different ChartStyles are now available
- Added a few more indicators
- Code optimizations
- Display orders optimized
- MiniChart is now visible when markets are closed.
- Heiken Ashi added for Tick, Volume, Minute and Second Charts
The indicator is listed under an own folder: /Infinity/MiniChart
I converted the minute data cunparis uploaded to the Pacific time zone using this attached tool. If you want the data converted to another time zone you can use this tool yourself. This is a Visual Studio C# project. If you don't want to deal with Visual Studio you can just run the .EXE file in the /bin/Debug folder. Once it converts your data it saves it in the same folder as your source file with the same name with the extension ".converted" appended to it.
June 12th, 2016 10:25 AM dilbert618 awesome tool, thank you
July 13th, 2015 06:20 AM bebop Thank you!
November 30th, 2012 05:16 AM dilbert618 Thanks shodson, very useful tool.
October 3rd, 2010 08:24 PM zacharydw00 dadof3and3 fixed this similar program, that is on NT's forum, for me. He fix a couple if issues with it. The original
version didn't convert all 24 hrs of data. It stopped at 4:15 and skipped to the next day. Also, it crashed on files l
arger than 300MB. In addition to the fixes, he increased the number of time zones to add or subtract. To answer BM;s q
uestion, I've used it to convert 600MB tick files. I'm not sure where he posted the fixed version, or if he did post i
t. Check NT's forum.
June 13th, 2010 07:35 PM Big Mike Thanks for this, a lot of people needing this. But will it work for tick data as well?
April 28th, 2020 11:31 AM augusta Thank you very much for your great indicator !
January 2nd, 2019 02:45 AM Flyboy1966 Hello and Happy New Year....
Any chance of a NT 8 release?
November 1st, 2018 03:34 PM n5rinivas
May 18th, 2018 12:52 PM DonaldMc Having a problem loading MLHarmonics into Ninja. After I download MKHamonics onto my computer. Then try to download in
to inja I receive this message "The NinjaScript Archive File does not contain any NinjaScript files." Is there any thin
May 17th, 2023 01:29 PM Paypachaysa This is so cool but unfortunately it looks like the newer versions of NT broke the code. No longer displays.
February 18th, 2023 07:32 AM Teebone21 Is there an updated version of this indicator ?
November 30th, 2022 04:19 AM JirkaF I was able to reposition the rectangle in the object manager menu but it is not possible to choose any instrument so unf
ortunatelly this think doesnt work in current ninja trader version