This indicator which requires GomPackage plots volume profiles.
User can select Bar or Daily profiles
User can plot profile of all volume since a certain date
Profiles can be colored to indicate time of the trades
Profiles can plot delta of the bar
Profiles can be smoothed to filter noise
Profiles can be plotted left to right or right to left.
Profiles can include/exclude AH volume
POC, VAH, VAL, VWAP can be plotted
High and Low volume Nodes can be plotted
Coded to my interests at the time, MultiTimeFrame Strategy: also has some interesting code for Profit Targets and Trailing Stops. One interesting thing (at least for me lol) I had included was an option that if the bar closed over a trigger for moving the trailing loss, not just if it hit the trigger value. Audio and Visual Alerts. Works on historical data.
May 12th, 2010
Size: 6.33 KB
Downloaded: 412 times
447
zacharydw00
Description:
This Indikator is a little improvment, based on the well known RSI. Surprisingly it is not part of NT. The Idea is, to compare Momenti instead of Prices over a given Period. The Distance between the two Prices within a Momentum ist specified by the "Shift" Parameter.
How to Use:
Period works like in the RSI. With "Shift = 1" the RMI shows the same behavior like the RSI. While increase the shift, the RMI becomes smoother compared to the RSI.
---> Erich Florik "New Trader Dimensions" suggest Values like 3/8 or 5/13 for very clear and better Trendsignals compared to the RSI
Interpretation:
above the upper Line (70-80) we have an up-Trend, below the lower Line (30-20) we have a down-Trend. But UNLIKE the RSI we have no oversold/overbought Situation in these regions!
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
Exported with NT 7.0.0.15
UPDATE 5/20/2010:
Now also should work with NT 6.5