Promoted by David Stendahl in
'Dynamic Trading Indicator: Winning with Value Charts and
Price Action Profile'.
Popularized by the Hubert Senters from TTM.
Stendahl says:
"Value Charts use
dynamic volatility units to effectively adjust to changing market volatility."
Concept:
The value chart is divided into zones.
4 to -4 is fair value. Avoid buying/shorting here.
4 to 8 is overbought/expensive.
-4 to -8 is oversold/good value.
Strategies are to fade the Value Chart extremes in a choppy market, and to buy dips (-8) in an uptrend.
PDF of Stendahl interview included in .zip file, so you must extract the file first before importing!
July 24th, 2010
Size: 119.32 KB
Downloaded: 435 times
572
PandaWarrior
This old standby/classic/war horse has been recoded with every efficiency trick I can think of to minimize CPU use. It looks like it plots the same as the original, but I haven't checked. That can be your job.
Efficient indicators ensure the utmost in responsiveness with rock solid stability and dependability. Also added error trapping... just in case.
The techniques used include:
- incorporating all supporting calculations into the indicator to eliminate calls to external classes SUM and CMO.
- calculating only on FirstTickOfBar the variable values that depend only on previous bar data.
- removing redundant processing steps, eliminating intermediate, locally declared variables and combining calculations into a minimal number of algebraic expressions.
- allowing OnBarUpdate to execute only when it will affect the output result.
- providing the option of disabling the setting of plot values and colors when called by another indicator or strategy.
- providing a public data series to give the output values when called by another indicator or strategy, even it this indicator is running in the background with ShowPlot false, with no plot values being set.
The Variable Moving Average (VMA) or Volatility Index Dynamic Average (VIDYA), developed by Tushar S. Chande, uses a Volatility Index to adjust the smoothing period. When prices are congested the average slows down and when prices are trending the average speeds up (note steps in plot).
The indicator is completely self contained. There are no calls to external indicators.
If you call this indicator from another indicator or from a strategy, set the ShowPlot parameter to false to avoid wasting resources setting the values and colors of plots that are not being displayed, and get your outputs from the public dataseries that was provided specifically for that purpose.
January 3rd, 2010
Size: 5.24 KB
Downloaded: 677 times
258
websouth
Here is the Velocity OrderFlow for Multicharts. It's meant to be used with Footprint charts.
It provides the bid volume, ask volume, delta, and duration of the bar in seconds.
If the duration of the bar is beneath a certain threshold it will plot an arrow over or under the bar
depending on if the signal is bearish or bullish. This is the Velocity arrow. I use Volume charts or contract charts. But it could be used with tick charts as well. I included an indicator called TaiChi it's a good indicator. It's a modified supertrend with no extremes just the middle line.
Test it out, I just coded it in a day so it could have some bugs.
This is another Exponential Moving Average indicator that shows the average value of a security's price over a period of time. This is converted from NT7 per this thread:
July 18th, 2023
Size: 2.32 KB
Downloaded: 76 times
2663
bmaran
The VHF indicator can be a useful tool as it attempts to measure the “trendiness” of a market. It reveals the strength of a trend, not the trend direction. This filter compares the sum of one-day price changes within a specific time period to the range between the high and low prices over the specified period. The VHF values help identify whether prices are in a trending phase as well as the degree or strength of a trend, where the trader should use trend-following indicators, or if the prices are in a trading range market, a case where congestion-phase indicators (such as
oscillators which work well in trading range markets) should be used.
In theory, the VHF indicator can be used in the following three ways:
1. In determining whether a particular market condition is trending or is in a congestion/non-trending phase: A rising VHF line indicates a developing trend; a falling VHF line indicates prices may be entering a trading range market.
2. To determine the degree or strength of a trend: The higher the VHF line, the higher the degree of trending. A falling line indicates a trend is weak.
3. The use of the VHF as a contrarian indicator: Relatively low VHF values can indicate that prices can be expected to break out of the congestion phase and start trending. On the other hand, relatively high VHF values indicate that a trending phase may be coming to a close and that the market is getting ready to enter a congestion phase.
April 12th, 2018 02:17 AM traderhas My goodness!This is the ultimate filter for chop.Tried it on 1 min Dow futures.Thanks and God bless.CANNOT trade without
it.
August 13th, 2011 07:37 PM philtrader thanks for sharing. defining trend strengh is key with money management.
May 25th, 2011 10:49 PM piptek Thanks for sharing and your hard work. Big heart.
March 23rd, 2011 02:21 PM tradermav Thanks for sharing.
October 4th, 2010 02:23 AM tradermav Thanks for sharing appreciate the work put into this indicator.
May 15th, 2022 08:57 PM ndakotan The data is calculating the bars, but they don't display. I can see the value moving on the vertical axis, and the bar
chart flickers on for a quick second when I change the 'calculate on ' drop down. It seems like a great concept. If so
meone could fix it that would be awesome.
April 25th, 2021 06:42 PM randyjb Sorry, I experienced the same thing. This indicator does not work with the 8.0.24.2 64-bit version of NT8. I directed m
essaged SIM22 but it seems he has not posted in this forum since around March of 2017 so we may have lost access to this
indicator.
April 11th, 2021 08:34 AM mstuhr Just downloaded again and get this error message: This NinjaScript archive was made from an older, incompatible version
of NinjaTrader.
March 7th, 2021 07:56 PM fesx Has anyone gotten this indicator to work with the latest upgrade? I use this in Ninjatrader 7 and was excited to see Ni
njatrader 8 now has this indicator. I can see it working in the price marker, but nothing in the main panel. I get an
error that states "Error on calling "CalculateMinMax" method.
January 31st, 2021 11:03 PM kcrawford So....I downloaded your indicator and used it. I love it, its great!
Now, I updated Ninjatrader to the newest 2.0.23.2 and now it prints nothing on the screen at all. Please fix this.