Requested by VIP user. This ADXVMA adds the ability to not re-paint 1 bar back if the plot style is not a line. So if you use Lines, they will repaint to connect the plots (like normal). But if you use something else, like Dots, they will not repaint.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
The Bollinger Bandwidth study is a technical indicator based upon Bollinger BandsŪ study, expressing the distance between upper and lower bands as percentage of the middle band value (SMA/EMA around which the bands are plotted). The main plot is accompanied with two additional ones: Bulge and Squeeze. Bulge plot displays the highest bandwidth value reached on the specified period, and, similarly, Squeeze plot shows the lowest bandwidth value.
This indicator was modeled after the first class Think or Swim Trading Platform.
The Bollinger BandsŪ Percentage B is a technical indicator based upon the Bollinger BandsŪ study; it plots a histogram showing position of price relative to the bands. It is calculated as percentage ratio of two differences: first one is the difference between the price and the lower band value, second one is the difference between values of upper and lower bands.
Adopted from the BollingerPercentB indicator on the highly recommended Think or Swim Platform.
NinjaTrader v7 indicator
Indicator is shown on the lower panel of the attached image.
This indicator is a real-time indicator and does not plot against historical data. A histogram splitting volume between trades at higher or equal to the high of the last bar or lower or equal to the low of the last bar is plotted.
It is currently executed using Chart Trader under the Advanced Trade Management system on Ninja Trader. The goal is to write a strategy using these indicators and back test it. The one think I do not know how to do is how to pass the 2 variables generated by this indicator to a strategy.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
Improvement:
-zones are in square shape.
-set value for buy zone, sell zone separately
-if you set buy zone color to transparent, both buy zone and buy bracket turn transparent.
Note: I set the buy/sell hash line to transparent to show the square zone better, all you have to do is set them to some color.
When having "Calculate on bar close" set to False and having ShowObjects set to True it will paint erroneous painted objects. The reason for this is when price action blasts off and the CCI (let's say) hits above the 200 line it will paint the lime object and if price action reverses on the same bar which brings the CCI below the 200 line the object that got painted will stay. I haven't quit figured out how to code that portion of the code.
It's best to have "Calculate on bar close" set to True with ShowObjects = True.
It's best to have "Calculate on bar close" set to False with ShowObjects = False.
When having "Calculate on bar close" set to False with ShowObjects = True it will paint the objects correctly as price action moves.
Scenarios:
If price goes above the 200 line area, it will paint a lime object, if price drops below the 200 line, the object will change to a darkblue object.
If price is in the 100 line area, it will paint a maroon object, if price drops below the 100 line area, the object will be removed.
November 22nd, 2011 06:54 PM caryn23 works great!!!
August 30th, 2010 11:28 AM aligator Thanks Sharky and Mike, cool indicator! What is the interpretation of the colors (Blue, light blue, red, pink, and speci
ally the white)? How one would trade this indicator?
August 4th, 2015 01:30 PM essiar Good indicator but a bit buggy. Does not always sound the diamond alerts and I'm not sure why. Other than that, extremel
y useful.
August 3rd, 2015 01:18 PM zionj TNX, GREAT Indicator
July 5th, 2012 12:28 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
July 5th, 2012 12:26 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
May 26th, 2012 06:42 PM Fame787 Thanks for sharing. It's a good guide in day trading.
March 19th, 2014 06:33 PM bobc635 Thanks....Looks interesting
September 3rd, 2013 01:52 PM sdp0024 You can use www.Sharkindicator.com to easily create and backtest very quickly your strategies. It's pretty cheap to for
what it does. Think it's like $500 for the ultimate version. Well worth it in gold.
http://www.sharkindicators.com/products/bloodhound-utlimate/ I believe they are running a Labor Day special for $100 of
f through 9/4/2013
January 6th, 2011 11:54 PM masaleem1 Hi my name is saleem and I am a novice trader was taking a look at your volume plot
it looks very interesting so I just wonted to know why you came up with the this plot and
how the underling logic of the plot works. Well I am sure you are very busy and don't feel
you have to rush to reply back
well great work
April 15th, 2010 08:44 AM greathopes Very interesting looking. Can't wait to see it in realtime.