You could use this indicator to trade in the direction of the trend after minor pull backs reversal. It could be used in strategies. It is variation of TTM trend indicator.
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.
VMA Zones charts an upper and lower region on your chart using the VMA indicator. VMA (Variable Moving Average) adjusts to low volatility and high volatility periods automatically, by using the CMO for calculations.
You can use the VMA Zones as a "Kill Zone" (don't trade inside the zone), or you can use it as a trigger or confirmation when to enter or exit a trade.
You can go long once a full bar has closed above the upper line, and go short once a full bar closes below the lower line.
In the picture, this indicator is the shaded yellow zone on the top panel.
This is my version of two of the volume patterns from the Better Volume indicator from eminiwatch.com. I only use HVC & LV bars in my trading and these were easy to port. The other volume bars (Climax bars) require upticks & downticks which are available historically with Tradestation but not with Ninjatrader.
HVC bars often mark turning points and are usually the result of professional activity.
LV bars are usually amateur activity and the move may not continue.
I have tested this indicator against the better volume indicator on Tradestation and there is zero difference. If you want the Climax bars I encourage you to purchase the Better Volume for Ninjatrader from eminiwatch.
I also plan to add more volume patterns to this indicator such as "No Demand", "Stopping Volume", etc. If anyone would like to contribute please let me know, I have lots of ideas but little time so I could use the help.
For more information on using this indicator and the volume patterns, please see the thread:
It provides a overviw of Volume at peaks. So that are possible Turning points. It better works on 5Min, 10Min and Range 6 Charts. Its signals can only be considered when some other indicators are also supporting.It generate signals at Bar Close.
inspire by Better Emini stop volume indicator but I add many changes to eliminate or include some of reversals that the original miss.
here is version 2 with RJay help it also colors the vol bar.
note: it seems works better on 5m or RJay no gap range bar.
Here is the VolumeDirBins and VolumeFrequency, from this TL thread.
These indicators are supposed to show you in which direction de big traders are going.
More details in the TL thread above.
October 1st, 2012 12:09 PM asteriskstar with float_with_price , it doesn't show up. it gives out msg" increase properties -right side margin. increase prop
erties from 4 to 30 , still doesn't work
November 26th, 2009 09:55 AM alright Hi jonesr9. I would love to use this indi, but when importing I get this message: Unable to import file 'TickCounter2.cs
'. Archive was not exported with ninjaTrader or its contents have ben manipulated.
Also if I extract the .cs file to the Indicator folder and try to compile it, I get the error message as in the pic here
The lines are in italian but I'm sure wou will understand.
Can you please help? Thank you
September 17th, 2009 09:07 PM jonesr9 My apologies for stating that I modified the code for this indicator to float tick count with price. I had actually use
d some of this code to modify an indicator which allows you to display price of the last closed candle. I got the two i
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.