KleinWaveVolumeNT8, NT7 to NT8 conversion, TraderGB, April 7, 2021
Description: Klein Wave Volume indicator is used to determine supply and demand in the form of waves. This indicator is based off Wyckoff method. If you've studied under the late great David Weis, Dr. Gary Dayton or Gary Fullett, you'll probably want to have this indicator in your tool box.
It helps to identify:
1) No Supply
2) No Demand
3) Change of Behavior (COB)
4) Large Effort No Reward
No Supply: If there are 3 down waves (5 Swings) with shortening of thrust in the 3rd Wave (5th Swing) and reduced wave volume it indicates supply is withdrawn from the Market.
No Demand: If there are 3 up waves (5 Swings with shortening of thrust (SOT) in the 3rd Wave (5th swing), and reduced wave volume, it indicates demand is reduced.
COB (Change of Behavior): After continuous down or up wave, if you see large wave against the current trend (HH or LL) it indicates COB and Market is changing its trend or direction.
Large Effort No Reward: * If there is a large Down Wave and the price did not move much compared to previous down swing and failed to make Lower Low it indicates that there was large effort to go down and there is no reward and hence market will reverse upward.
* If there is a large Up Wave and the price did not move much compared to previous up swing and failed to make Higher High it indicates that there was large effort to go up and there is no reward and hence market will reverse downward.
In general, when the wave volume is diminishing in the down swings, it indicates supply is withdrawn from market.
Same way when the wave volume is diminishing in up waves, it indicates there is no demand in the market.
April 7th, 2021
Size: 9.92 KB
Downloaded: 698 times
2352
TraderGB
Exported using NT Version 7.0.1000.22
This is a quick implementation of the Klinger Volume Oscillator as published by Stephen J.Klinger in the December 1997 issue of Technical Analysis of Stocks & Commodities. Here is a short recapitulation of how he trades the oscillator.
"The most powerful use of the KVO comes when the indicator reaches an extreme reading either above or below the center line and reverses direction. This signals an exhaustion of the prevailing trend and warns of an impending reversal in price.
The most reliable signals occur in the direction of the prevailing trend. Trades against the trend tend to be high-risk ventures.
The most important signal occurs when the KVO diverges from price action, especially on price extremes, either in
overbought or oversold territory. When a security makes a new high or low for a cycle and the KVO fails to confirm
this, the indicator is warning that the trend is losing momentum and nearing completion."
quick update to V3b.. still experimental and awaiting tester's feedback
1. Fix Typo (HL3 to HLC3), the calculation was correctly using HLC3.
2. trender will be yellow in the "no-trend" zone. Cyan when positive trend detected, and Magenta when negative trend is detected. you can still trade the no-trend zone, beside being more risky and unconfirmed, profit won't be as high as within a confirmed trend.
3. added an optional "weight factor" for the fast price action. this serves to magnify the short-term move vs the longer term trend (can be set to equal weight =1 in the study options)
my kids call this "the Rainbow" - so it's aka Rainbow Trender ..
all the best,
RedK
- Remove Account Number from a trading dom
- Remove menu/scroll when a chart window looses focus
- Display Opening High/Low, for a userdefines timeperiod (the image is a screenshot of this)
The zip files contains both a compiled dll and the source.
To compile the source you will need to setup include and library path for the windows api. (or build with Visual StudioI
June 10th, 2012
Size: 11.25 KB
Downloaded: 199 times
1199
ktrader
Laguerre MetaTrader indicator — a completely custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the weighted trendline in the separate window of the chart. It can be used for easy entry and exit signals.
Input parameters:
gamma (default = 0.7) — multiplier that is used in the line's levels calculation. The higher it is the smoother is the line.
CountBars (default = 950) — the maximum amount of bars for which to calculate this indicator. Set as high as possible if you don't experience performance problems.
Laguerre MetaTrader indicator — a completely custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the weighted trendline in the separate window of the chart. It can be used for easy entry and exit signals.
Input parameters:
gamma (default = 0.7) — multiplier that is used in the line's levels calculation. The higher it is the smoother is the line.
CountBars (default = 950) — the maximum amount of bars for which to calculate this indicator. Set as high as possible if you don't experience performance problems.
Many thanks to JonnyBoy who has converted the range bar marker "jtRangeMarker_N7" to NT8.
For range bars only. This indicator plots the maximum high or minimum low of a forming Range Bar. The plots disappear as soon as a new bar forms or the current bar has filled its required range. Draws a box around the current candle that indicates how much further a bar would have to move before the range is exhausted and new bar begins to paint.
May 15th, 2020 11:44 AM tracer888 Is there an NT8 version of this por favor?
July 16th, 2017 11:46 AM delta9100 great job
July 17th, 2015 06:38 PM ShaunG Thanks FT. I was looking for a "Keltner Channel indicator where I can set a EMA midband. The std NinjaTrader7 Keltner Ch
annel seems to use only a SMA for the midband! Thanks again much appreciated.
July 17th, 2015 12:31 AM Portland
April 2nd, 2015 05:54 AM zungybungy Great indi. Many thx
August 7th, 2014 11:57 PM ckkoh Fantastic! Good work.
April 12th, 2014 01:51 PM RedFox33 Outstanding!
April 10th, 2014 03:47 PM bobc635 I started working with Better Renko, and have now downloaded Bricks and LLMA. I am a fan!!! Thanks for sharing. You a
re a very good programmer....
November 14th, 2013 03:38 PM JoyNinjaTrader Hi Aslan,
Thank you for LLMA.
Best regards,
J
May 24th, 2013 04:33 PM abdunbar Thanks, learned a lot from this!!