This is a MOD of the SMARSI indicator that will plot RSI dots on a SMA when RSI is above/below the alert level.
The basic indicator has four inputs: the SMA setting (default is 21 period), the RSI setting (21 period), and the upper and lower level alerts (set at 43 and 57).
The MOD on this indicator is the addition of BLACK background dots behind the RED or GREEN dots when the RSI condition is TRUE (showing market pressure) AND Stochastics has made a pullback in the opposite direction.
The appearence of the BLACK background dots will alert to a pullback in a trend OR the end of a trend.
The Stochastic used in this indicator is the Double Stochastic Mod. The default setting for the Period is 10 and the EMA is set to 2. These settings are designed to catch fast pullbacks.
In addition to these settings are the upper and lower level ALERTS (default settings are 20 and 80).
All settings can be changed in the Parameters section.
The RSI 'dots' will only print when the SMA is Rising/Falling in the same direction as the trend (borrowed from jabeztrading's MOD).
V2 Edit The only change is in the parameters section, now the inputs are coded in order.
To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
November 16th, 2010
Size: 11.06 KB
Downloaded: 433 times
730
TraderAZ
Requested by VIP user.
Same SMI2 but this one won't repaint if you use a plot other than Line. If you use line, it will repaint 1 bar back to connect plots (like normal). But if you use something else, like a dot, it won't repaint.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
I enhanced Cory's SMI2 and added a price bar coloring option, as well as background coloring option and the option to draw a vertical line on the price panel when trend changes. You can also put this indicator in panel 1 and turn off all the plots (Set all plots & alert line to TRANSPARENT) and just using the background colors to color the background of the price panel, if you desire. I altered the default settings and some of the plots so that it now looks more like the Eco2 (Ergodic) indicator, and is (I think) a little easier to read than Eco2.
March 23, 2010: Update
REPAINTING:
Fixed a "repainting" problem that other members discovered. Cleaned up the code. Changed the text that read "very over bought / very over sold" to "chop zone upper" & "chop zone lower". Removed the ChopFilter function, as it added nothing to help in keeping you out of chop.
ADDED TEXT ALERTS:
"POSSIBLE CHOP" when SMI dot enters the +20 / -20 zone
"LONG BREAKOUT" when SMI dot exits above the +20 zone
"SHORT BREAKOUT" when SMI dot exits below the -20 zone
This indicator monitors the slope of 5 Moving Averages and plots colored lines across the bottom of the chart panel. It also optionally plots a trend signal and arrow on the chart when all 5 moving average slopes are all moving in the same direction.
I originally built this as a companion indicator to the Zombie5EMA indicator, which is shown in the screenshot as well. However, my indicator also allows you to choose between a selection of different Moving Average types, so keep that in mind when you adjust the settings.
The Slope Lengths determine the number of bars used to look back and calculate the slope of each Moving Average with. The background trend colors change when all 5 slopes are pointing up (> 0), or point down (< 0).
One thing you can look for is that the 5 plots will start to create lots of noise as their colors change. This can indicate either a pullback, a trend change, or a ranging market. You may be able to filter out false signals with something else to indicate momentum?
September 11th, 2021
Size: 20.81 KB
Downloaded: 1095 times
2428
torch2k
Hello again folks,
I created a version of the SOAP(Served On A Platter) indicator from think or swim. It is similar to the Custom TDI I submitted several weeks ago and similar rules apply. It's a layering of stochastics and I included a layered stochastic RSI for a little more information that allows for precision entries/exits. As with the TDI, you'll have to import the indicator settings into your charts. Happy Trading!
This is my entry to the challenge for the best indicator. While this indicator is nothing flashy like my past indicators, I am submitting it due to the fact that it is a reliable signal.
It is a MACD but calculated using a momentum-adjusted moving average that I call a zero-lag moving average because it is the closest thing I can get to that adjust for the lag in a filter. It works similar to a EMA, but instead of weighting the front end of the indicator to reduce lag (base effect), it adjusts the from on the moving average for a near-term ROC (momentum).
Use wisely!
Cheers,
Sody
APR 26 2021 UPDATE: It came to my attention that the file was a locked DLL, I have corrected the issue, you can now download the source code from here.
February 22nd, 2021
Size: 3.35 KB
Downloaded: 1268 times
2319
SodyTexas
Spearman indicator is to be featured in February 2011 Stocks and Commodities, downloaded from NT. Not having seen the article yet, I have no idea how this indicator is used but it looks like another momentum indicator.
Indicator gives the ability to color candle sticks based on stochastic indicator. You can paint as Heiken Ashi style overlay or just plain. Very configurable.
January 19th, 2011 08:14 AM peakskill Very helpful. Thanks!
December 1st, 2010 01:30 PM greathopes Looks fantastic I cant wait to check it out. Nice pullback entry visual. Thanks man!
November 16th, 2010 01:52 PM jabeztrading Looking good TraderAZ. I think you've started something here. Maybe others will come with other ideas and expand on this
September 5th, 2023 12:37 PM Tradarr Thanks! Can you add squeeze plots for Market Analyzer and Chart Alerts?
August 8th, 2023 07:32 PM MTCTrades AWESOME indicator! Keeps me out of chop, clearly signals when to get in - even uncovered a safe way to enter on reversal
s after exhaustion! SO pleased and grateful to you for sharing this excellent work.
May 9th, 2023 02:48 PM racecarjw Thank you for your generosity with sharing your work.