There is a school of thought that
today's price action is just a continuation of yesterday's.
...and that if you shift today's price bars so that today's opening price matches
with yesterday's close, you will see a continuation of yesterday's price action.
This indicator does just that:
it will shift today's price bars by the open/close difference.
Note: this chart is for price action reference only.
Please don't trade with this chart or you might get a very disappointing fill.
It is recommended that you cover up the price scale when you read this chart.
Thanks, itguy, for posting the Adaptive Laguerre MA. It is the best MA of this type that I have seen. I use it as a trailing, stepped MA to suggest entry and exit areas.
NOTE: The major parameter that controls this indicator is the L_Period, NOT the AdaptLength. Try slowing down the L_Period from 4 to around 10 and note what happens.
I made two minor tweaks. So most of the credit for this goes to itguy, who did the hard stuff.
The original version would start with a very low initial value and take many bars to converge upon the price series. This version will converge almost immediately after starting up.
The original version used the familiar method of switching between different colored plots to simulate a multi-color plot. This version uses the PlotColors method to change the color of a single plot, which is now a true multi color plot. That's why this indicator will work for Ninjatrader 7 ONLY.
Updated on Oct 28, 2011. Plot colors and line properties have all been moved to the PlotAttributes area near the bottom of the indicator properties. Have not yet checked regarding report of performance issues on COBC false.
Ninjatrader 7 ONLY. Ninjatrader 6.5 does not support multicolor plotting. Another reason to take the leap.
February 27th, 2010
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Zondor
Everybofy who is interested in Volume Spread analysis should use this Script. It is great for learning purposes and as tool for trading.
The Original Code is from Karthik who wrote the code for Amibroker: Here you can find the Original code: http://vpanalysis.blogspot.com/. He has also an excellent primer on VSA. If you can't get anymore shoot me a PM with your Email.
All types of VSA signals are coded with a paintbar: Red Square - UpThrust bar. Blue Diamond - Reversal possible, yesterday was high volume wide spread up bar, but today we reached 10 days high with low close wide spread down bar. Red Triangle Down - UpThrust confirmation. Lime Square - Strength bar (either strength is showing in down trend or a supply test in up trend). Yellow Triangle Up - An Upbar closing near High after a Test confirms strength. Lime Diamond - Stopping volume. Normally indicates end of bearishness is nearing /OR/ No supply. Lime Triangle Up - The previous bar saw strength coming back, This upbar confirms strength. Blue Square - Psuedo UpThrust, A Sign of Weakness /OR/ A High Volume Up Bar closing down in a uptrend shows Distribution /OR/ No Demand. Blue Triangle Down - A Down Bar closing down after a Pseudo Upthrust confirms weakness. Yellow Triangle Down - High volume Downbar after an upmove on high volume indicates weakness. Aqua Triangle Up - High volume upbar closing on the high indicates strength (in short term down trend). Deep Pink Square - Test for supply. Turquoise Diamond - Effort to Rise. Bullish sign. Yellow Diamond - Effort to Fall. Bearish sign.
Within the chart there are three information boxes, that even give you information to the signals (great for learning), suggestion what to look for next, information for the spread, volume and trend.
This pdf is a comprehensive reference guide for EasyLanguage. It is 292 pages long and provides details on every aspect of EasyLanguage, such as order creation, alerts, variables, arrays, drawing, and even accessing external DLL's.
This book has been designed with the beginning EasyLanguage programmer in mind. Although comprehensive, it is not designed to answer every question about EasyLanguage.
April 9th, 2013 09:38 PM Spikeygirl Well worth the elite membership price! Great information, it will definitely lower the amount of time I use to develop
April 9th, 2013 09:29 PM Spikeygirl Definitely a comprehensive manual concerning Easy Language. It will go well with the other manuals I have on Easy Langu
age. Thanks!
March 28th, 2011 03:08 AM Sezor Thanks for all these docs
August 13th, 2010 12:07 PM redpilot When for NT 7? I donīt know convert it to NT7
May 28th, 2010 06:07 AM Serninja Many thanks! Unfortunately not (yet) for NT7. Soon?
February 26th, 2010 07:34 PM PandaTrader You are right, sorry about that. I just saw you posted and uploaded it before him. Sorry, credits go to you then.
Thank you, Prtester
February 26th, 2010 05:25 PM Prtester Well that one look exactly as my code, even the shading area that roonious help me fix, :-( too bad .
September 16th, 2011 04:37 AM betaride Excellent, thanks so much! Unfortunately, it does not plot correctly with the Calculate On Bar Close = FALSE. Would you
November 20th, 2010 08:57 AM anniebee321 can't believe she is trading with lagging moving averages and stochastics
she probably knows alot about price action but this is likely to mislead most noobies into thinking that trading off ind
icators is sufficient for long term profits
March 6th, 2010 08:01 PM shodson Anybody tried this? I've been watching the fx futures, the 15pip 00s method seems really powerful and frequently succes
November 11th, 2011 09:14 PM Sim22 Thanks for this. You might like this........http://www.traderslaboratory.com/forums/trading-indicators/6161-gapless-sque