This is the Murrey Math Oscillator from Tradingview.
Its default setting for length is 100 but you can also try 75 or 50.
Its a great Indicator it has served me well.
Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader.
A trend indicator / filter that filters noise out. Recommend you use 2nd order or 3rd order parameters. 1st order is just a SMA smoothed by another SMA. So for the "Order" Parameter the options are 1, 2, or 3.
Thanks to Zondor for helping with the original code.
Uploaded again since original was only downloading the png file.
This simple indie uses 'added data' in the code.. Just input the 'data series' you want to
study in relation to the 30min BB's and it will plot values (estimates) of where the 30 min
BB 'Upper' and 'Lower' will plot on the hour and half-hour that is coming up..
These bands will also show you the median value of the current 30minute study which I
find very useful to form a "bias"..
In general : if price is below the 'Lower' plotted 30min BB (30 min chart) AND below the
'Lower' (already plotted 'fulcrum') 10 min BollingerPro (10 min data on any tick or volume
series chart) then price is in oversold territory ... at least its below the number of SD's you're
studying AND what's projected..
**Important : This indicator will stop working on Rollover.. .. The 'added data' in the code
needs to be updated to the current Sept, Dec, Mar, June series AND underlying !.. i.e. if you
want to study ES, the code has to be changed to use ES as 'added data'.. It's very simple to
do - the 'added data' lines are 70 and 71.. (try changing them yourself - you'll feel like a coder)
Note: I've updated the code to a 'Source Code' version (I hope).. I also hope it works as a
version everyone can access and change as needed, as I had hoped to share originally..
** I'd like to include the link for a new 'source code' version of BollingerPro now 'BollingerProChof'
I wasn't aware I had uploaded a .dll version. I apologize and bear responsibility for what got
posted/shared.. …
I attached a couple more pics to explain 'Ellipse #'s 1 & 2' in the pic attached here..
I've penned specifics on data series and some tips you 'May' use.. "Only trade with money
you can afford to lose" haha - seriously I hope it all helps.. Chof
I asked Adrian over at Expert Trading Programmers to be build me a True Strength Indicator that would paint the bars when price was overbought / sold.
He did a great job creating it and I thought I would share it. I edited the install folder so that it would go to a folder called True Strength vs my name.
If there are any issues on the install let me know and I'll post the original zip.
The setting in the image are 14/3 and high low 45 / -45
If you need custom work done ETP are great to work with. Quotes and turn times are excellent.
NOTE: Try pairing it with VWAP and the STD levels.
March 9th, 2024
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brettji
This is an excel file (excel 365) that includes an analysis of the most traded futures markets. The goal was to analyze and compare the different futures contracts based on volume, dollar, tick and point movement at different timeframes.
An indicator JFTrueRange calculated the true range for each bar and generated a report that was then copied into excel. It average the true range for all bars on a given day of the week and time of day. i.e. for 15 minute bars, it average all the bars at 6:00 for monday, at 6:15 for monday, etc for all times and days of week. For daily bars, it averaged 1000 days. For minute bars, it averaged 400 days. The report includes statistics an each futures contract for daily, 240, 60, 15 & 5 minute bars. For each bar it used the TickSize & PointValue to determine the price range, tick range & point range per bar. Daily bars ended at different times. So that is an interesting artifact you will see in the data.
In the summary report volume is higher in the high timeframe reports (daily, 240 min) than in the lower timeframe reports (15min & 5min). This is because I totaled the volume at each timeframe and this included the odd times that bars were reported. The higher daily volume at 15:00 is approximately the same as the lower timeframe bar totals.
Finally, the true range reported in points, ticks and dollars is higher at low timeframes as expected. This is because it takes into account all the smaller price fluctuations. Some of these fluctuations are inside the higher timeframe bars and are thus washed out.
Note: The timeframe used in the reports was Mountain Time (MT). Sorry, that is my timezone. So do the mental adjustment or modify the times to meet your needs.
I hope you find this report interesting and useful.
jflachman is the author of above. I am just creating this thread to be able to discuss his spreadsheet, and so that if someone makes the time zones dynamic the new version can be shared here.
Introduction: This is not an indicator. It's a utility to seek the trades executed by a strategy. For example, If you have one strategy with 100 trades executed over a chart, It's very complicated to go one per one to examine these trades. With this utility, this task, it's effortless.
How to use: Load de strategy in the chart, move the screen with the mouse for stopping the screen advance, and click the "Next" and "Prev" buttons to move across the trades of the strategy. IMPORTANT: Only use the first strategy loaded. The other strategies in the same chart are ignored.
Challenges:
It would be desirable that the screen advance is stopped when you click "Next" or "Prev".
Be able to choose between several strategies.
If you want to ask questions or suggestions about this indicator, you can do it in this thread:
I open this thread so that the forum members can ask questions or suggestions about this indicator.
Change Log:
// 06/11/2023 v1.0.1 - First version
// 10/11/2023 v1.0.2 - Fixed problem: When the market is closed, the buttons don't work. Has been included a ForceRefresh()
// 22/01/2024 v1.0.3 - Choose between winning trades, losing trades or both.
April 5th, 2024 08:38 AM FTforex 8.1.2.1 64-bit which is the latest version to my knowledge -
April 5th, 2024 06:36 AM FTforex Unable to load it into NT without errors - Do you have a file version encapsulated in a zip file one can directly load?
April 2nd, 2024 02:13 AM JadeL Great indicator. Thank you!!
September 13th, 2024 02:09 PM nilvano This is a great indicator. The problem so far is not able to save on chart. The indicator must be re-added on the char
t each time there is a new reboot. Hopefully this can be fixed. Big Thanks!!!
September 1st, 2024 08:23 PM Finley Great work! Love the indicator. But cannot save. Log says "Could not save. Error generating XML document."