Uses a 2 out of 3 vote from CDMomentum, DeltaMomentum and CDCycleMTF to identify overall bursts of Cumulative Delta energy in one direction or the other.
Used with the 'Scoop' option, will identify the first of these (in gold) that occur after a 'failed' period of buying or selling i.e. price went the other way.
December 10th, 2018
Size: 50.42 KB
Downloaded: 492 times
2027
Stevea94
Uses a 2 out of 3 vote from CDMomentum, DeltaMomentum and CDCycleMTF to identify overall bursts of Cumulative Delta energy in one direction or the other.
Used with the 'Scoop' option, will identify the first of these (in gold) that occur after a 'failed' period of buying or selling i.e. price went the other way.
V2 - exposes MTFBrickFactor when using Scoop. I use BetterRenko, but somewhile back changed the bar type from 17 to 1017 due to a clash. As long as you set MTFBrickFactor to non-zero when using Scoop then this is not a problem. BTW - set MTFBrickFactor 1 and the code will always ensure bars size x, x+1 and x+2 will be loaded.
December 11th, 2018
Size: 50.43 KB
Downloaded: 1570 times
2028
Stevea94
This is my take on something Gomi produced (and likely others). However my spin was I wanted to look at how big each of the pushes was - I call them bulges. I was looking to try and spot exhaustion, divergence, flush combinations.
To do this the indicator looks at consecutive red/green bars (and allows a specified number in the other direction without switching) to calculate the size of each bulge and runs some stats. It calculates a running threshold and treats that as 100%. If a bulge in excess of 100% is spotted it marks the bulge yellow dots and at the end prints its percentage size on the main chart area.
In the end I found it more useful to mark the bulge sizes relative to the previous ones on the same side (buy/sell). Magenta means the bulge is greater than the previous two and white means less than previous two. Watch for sequences of Magenta - Red/Green and then White. This can mean a move is over and ready to turn.
The indicator does colour bars according to some fuzzy bias logic. Basis for this is when bulge sizing switches from one side to the other and this can be seen when a white cross marks a bulge. The magenta bar simply says that a magenta bulge is in progress. Frankly I never found it that useful. In the end I preferred the bias colouring of my CDCycleMTF indicator mentioned in the Delta thread (although I still monitor this bias under the bonnet of my VacuumBar indicator).
April 27th, 2019
Size: 993 bytes
Downloaded: 856 times
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theelderwand
This is Constance Brown's Derivative Oscillator indicator for MultiCharts, and was presented in her book "Technical Analysis for the Trading Professional" (chapter 14, "The Derivative Oscillator").
This oscillator uses a 14-period RSI, which is then double smoothed with exponential moving averages.
In a second step, a signal line is generated from the smoothed RSI by calculating a simple moving average of it.
The Derivative Oscillator is then calculated as the difference between the smoothed RSI and it's signal line.
Based on the original "Derivative Oscillator" coded by FatTails for NinjaTrader found here.
Constance Brown's Derivative Oscillator was published in her book "Technical Analysis for the Trading Professional".
The oscillator uses a 14-period RSI. The RSI is then double smoothed with exponential moving averages. The default settings for the smoothing periods are 5 and 3.
In a second step a signal line is generated from the smoothed RSI by calculating a simple moving average with a period of 9.
The Derivative Oscillator is calculated as the difference between the smoothed RSI and the signal line and displayed as histogram.
This strategy is based off of the Detrended Price Oscillator indicator in the Strategy Trader platform. The EA will generate a buy signal when DPO value crosses above the zero line, and the EA will generate a sell signal when DPO value crosses below the zero line. A limit order can be specified in the EA parameters for exit.
This version (V2) of the DetrendedPriceOscillator (DPO) provides performance improvements and new features. My thanks to @Zondor for his code enhancements and suggestions.
This indicator has been exported with Ninja Trader 7.0.1000.22.
The version has been modified for use with BBand2_V4 but can be used with V3 except for the ability to be able to keep all of the MAs in sync between the 2 indicators.
A more complete description of the use and purpose of this indicator can be found in the original post contained below.
The V2 changes are as follows:
DPO_V2 provides:
1. Additional MA selections to allow the MAs to be kept in sync with those provided in BBands2_V4.
2. Restructured the code to provide reusable instances of external indicators. (Thank you @Zondor)
3. Provide the mode “Both” which will create both the Fast and Slow plots in the same panel. In this mode there are 3 region colors, Fast, Slow, and the union of the Fast and Slow. The 3rd color is the blending of the selected Fast and Slow colors. (as shown in screen shot with BBand2_V4)
4. The periods for Fast and Slow are now independent parameters to allow for mode switching.
5. The selected period is rounded to an odd number to allow a true midrange number to be used in the DPO algorithm.
6. Added lines (.5, -.5) for possible breakout signal
7. Changed default plot line and region colors for better contrast when the “Both” mode is selected.
Information from original Post follows
This indicator was written to support the strategy described by Barbara Starr, PhD in the July, 2014 edition of Stock & Commodities Magazine in an article entitled Profit With Dual Oscillators & Bands. In the article she describes her technique for trading using a Dual Band Bollinger Band indicator with different standard deviation settings then normally used, and two instances of DetrendedPriceOscillator with different period settings.
She also described that her investigation of the DPO indicators available revealed that depending on the trading platform used there were 2 different formulas used in this oscillator. Ninja Trader does not provide a DPO with their software and although NT tech support provided 2 versions that were posted on their website neither matched the formula in the indicator she described in her article.
The indicator provided here allows the user to:
1. easily configure the visual aspects of two instances of the indicator.
2. choose from multiple MA types.
3. use optional region painting
4. use smoothing
To configure DPOs as shown in the screenshot install 2 instances of the indicator and on the second instance set DPOSpeedRate = Slow. The plot color, region fill color, and the MA period will be set for the slow DPO as shown. The default MA is set to SMA on both.
The screenshot provided shows the 2 instances of the DPO, one fast (9 period) and the other slow (20 period) along with the BBand2_V3 Bollinger Band indicator which has been posted and described separately. Although the BBand2_V3 indicator is shown here any dual Bollinger band indicator may be used with the inner band set to 1 stand deviation and the outer band set to 3 standard deviations.
In Ms. Strarr’s write up when the 9 period DPO price crosses the zero line the price is near the BB mid-range MA, it is a potential entry point for more aggressive traders, whereas when the 20 period DPO crosses its zero line the price is near/on the 1 std. dev. BB line it is a potential entry point for less aggressive traders. She is quick to point out that fake outs can still occur. Also, in her article all of the examples were with stocks and no mention of its effectiveness was mentioned for any other instrument.
I would be glad to provide other information from the article in a separate thread if anyone has interest in experimenting with this strategy, but cannot post the full text of the article. I have not traded live with it yet and have done only limited back testing as of this post.
Change Log: Date_______Description
06/30/2014 Fix minor problem with default colors when switching back and forth between Fast and Slow
Note: Other then on the initial switch from Fast to Slow the period must be changed manually if/when going back.
07/02/2014 Fix problem with changed region paint colors not being retained after workspace or NT is closed.
08/17/2014 Version 2 released.
August 18th, 2014
Size: 57.50 KB
Downloaded: 1589 times
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Cheech
This indicator caught my attention on the Ninjatrader Forum. The idea is good.. REALLY good!- but the coding left a lot to be desired.
I predefined instances of 13 external indicators to slash the resource load while running on the new default setting of COBC=false. Some of the calls to the MIN and MAX functions were moved to an area where they only need to executed on FirstTickOfBar, not on every tick. Also changed the moving average type from EMA to LLMA.
Some of the old code was commented out, with the replacement code immediately following. Use this as a guide for the correct and efficient way to invoke external indicators. It's frustrating to see other coders continuing to handle this so poorly.
The plots look similar to those generated by the indicator on the Ninjatrader forum. Aside from the optimization the program logic is the same. However, some well founded questions have been raised about the validity of that underlying program logic.
November 3rd, 2014 09:29 PM lr40pilot Thank you for all the time and effort! Truly a great tool.
August 31st, 2014 06:19 PM RedFox33 Thank you very much!
August 27th, 2014 10:18 AM matthoffman Hey, I printed out the article and I'm experimenting with this idea. Kinda choppy right now so not seeing the best resul
ts from it but, hope real soon to get better testing conditions. Thanks for your great work!
November 30th, 2022 09:56 AM zoomie Spectacular...Thank you
November 11th, 2022 12:52 AM chrisumerie Great work. Many thanks.
November 11th, 2022 12:51 AM chrisumerie
April 8th, 2022 01:28 PM Djt1102 When I upload this onto my chart nothing loads in the new panels, do I need a specific data connection for this to load?
March 6th, 2022 06:11 AM augusta THANK YOU VERY MUCH