I don't deserve much credit for this as it is simply a straightforward modification of Mike's Triple Smoothed EMA using predefined instances of the external indicators for code optimization. Elite only, please.
The EMA needs to be optimized too, for best results. That may have been done in latest version of NT7.. not sure, please check release notes. I did a quick check but did not find anything on EMA.
This indicator simply plots the EMA High Low and Close for a single time period which creates a ribbon or wave look from the 3 lines. Can be useful for potential support and resistance areas. Instead of adding 3 individual EMA's to the chart, with this indicator you can change all three plots with the single time period. You can also hide the plots without removing the indicator from the chart.
COMPATIBILITY:
NinjaTrader 6.5: Created with 6.5.1000.12
NinjaTrader 7.0: NOT TESTED
I found this indicator and it is a slightly different version than anything on the website. I find it really useful for entry and exit points while daytrading. Normal setting is 14, if your daytrading, set it to 7. it overlays over the price.
This is a generalized EMA, which allows you to use it with fractional periods. The minimum period required is 1.0.
This generalization is possible, as the integer period of an EMA is an artificial construct, which was adapted following the work of Jack K. Hutson, who compared simple and exponential moving averages. The generalized formula for an EMA is
EMA[0] = (1 - k) * EMA[1] + k * Price[0] , where 0 < k <= 1
The period n translates into k = 2/(n+1), so that n >= 1 is required not to violate the allowed range for k. Fractional values for n are possible.
The chart shows a fast EMA with a period of 12.7 and a slow EMA with a period of 38.3. The indicator which can be downloaded here, does not shade the region, a dual MA indicator will be released later.
The Holt EMA is a trend corrected exponential moving average based on a double exponential smoothing model.
Holt’s paper, “Forecasting Seasonals and Trends by Exponentially Weighted Moving Averages” was published in 1957 in O.N.R. Research Memorandum 52, Carnegie Institute of Technology.
The tools developed by Holt & Winters are mainly used for forecasting time series.
March 15th, 2016 08:18 PM racecarjw Excellent work, Thank You https://nexusfi.com/images/smilies/gtn/pcguru.gif
September 4th, 2015 12:58 PM Amsterdam Whale Bravo sir, with thanks.
April 4th, 2015 03:43 PM josemarcello This is good indicator......Should be a link info video in this forum showing all the indicator available working.....wo
uld be great !!!
September 12th, 2011 10:36 PM knight Hi Gordo
I've been lookin' for this back ground for a good while,helps tremendously!!!
June 15th, 2012 08:34 PM bobc635 Thx, I have been using this for a while now, I have applied it to the RSI making it really easy to see RSI Slope change
of the RSI
November 12th, 2011 11:37 AM Bobi
June 15th, 2011 12:20 PM Zondor This is nothing but an ordinary EMA with a couple of lines of plotcolors stuff for rising and falling.