This is a really cool handy tool for traders who like to draw objects on their charts, such as fibs, channels, trend lines, text, markers, shapes, etc. This indicator will place a drawing toolbar on the left side margin of the chart for drawing chart objects with a single click, a feature currently missing in NT7.
Exported with NinjaTrader 7.0.1000.10
credit: NT Forum
Revision V1 - October 5, 2012
- Added additional buttons for Snap Mode, and Stay in Draw Mode
- Added code to prevent termination of the indicator if there is not sufficient bars.
- Thanks to @dorschden for pointing out the bug.
October 5th, 2012
Size: 3.17 KB
Downloaded: 2773 times
1208
aligator
NT 7.0.1000.10
**Do not share, distribute, or modify the Gradient Color Bars Indicator or the idea for use outside the BMT Elite community or for commercial purposes**
Gradient Color Bars:
The concept of coloring bars is nothing new and everyone does it for certain filters. However, the idea for using gradient color bars to spot price divergence may not be new, but has gone un-noticed by many.
The fact that no one (I know, there will be some claims to the contrary) has been able to write a decent divergence indicator is because computers can only follow rules and limits. Human eye on the other hand can spot a bird in the sky whether it is 100 yards away or 99.99999 or 100.00001, regardless of the number of decimals (yes, provided the person is not blind).
So, it makes sense if one can spot divergence by subtle changes in the gradient coloring of the bars where a computer might miss because it was not instructed to “see.”
What I think is original about this indicator (for future claims) is applying the concept to a variety of conditions and filters to spot divergences (among other price behaviors) where the usual indicators and computers will miss most of the time.
This simple indicator has much potential. The current version is based on one filter. The goal is to bundle a number of filters and let the coloring be done based on the most relevant and promising filter. So, future versions will include other methods and filters for gradient color bars.
As with any indicator (Stoch, RSI, etc.), this filter cannot be used on its own alone. I am considering to use one version of this indicator for confirming price action and formations at different time frames as a trading tool.
This version includes candle outlines to better determine if a bar is an UP bar or a Down bar. The indicator is best viewed on a chart with Silver background.
Please refer to a thread with the same name for Color Gradient Divergence rules here:
August 12th, 2012
Size: 11.33 KB
Downloaded: 2067 times
1233
aligator
Exported: NT 7.0.1000.10
Time Alerts Indicator
Note: This Zip file includes the zip file for the indicator and four sound files. Please unzip twice then import the indicator zip file into NT and copy the sound files in NT Sounds folder.
This indicator plays up to 4 alerts at diffrent times of the day specified by the user. The alerts are simply reminders of whatever the user wants to hear at certain times. The default Sound files are designed for:
1. Reminder for open time,
2. Reminder not to over trade,
3. Reminder to let Market come to you, and
4. Reminder to make sure proper setups are in place.
To play the attached default audio files, they need to be installed in NT Sounds folder. To play sound files of your choice, simply edit the code and replace the audio file names with file names of your choice and recompile.
Please do not share or distribute outsides BMT Elite Circle or use for any commercial purposes.
June 25th, 2012
Size: 483.29 KB
Downloaded: 507 times
1203
aligator
Exported using NT Version 7.0.1000.9
Bar Time Indicator:
This indicator measures completion of a bar in seconds and colors a historhram based on how long it takes for the bar to complete. Red <= 10s, Cyan<=20, Blue<=30s, Orange=45s, Magenta<=60, and Black >60s. These numbers can be changed to one's liking.
Short time-bars mean a fluid market participation and movement, while tall or black bars mean a grinding and stagnating market, it is like watching grass grow (in relative terms) and time for a coffee or lunch break.
The indicator will work for any type of price bars except for real time bars (minute, hour, Day, etc.). But, it is best for short term and day trading with tick, volume, etc. bars. The indicator also draws a 60-Second horizontal line and a 9-period SMA of the time. High reading of the SMA gives a visual if the market is getting lazy. Best and less stressful is to trade when bars are short and colorful.
This indicator is intended for True Elite BMT Members, please use but do not steal to sell.
The first time that I saw KDJ Indicator it was part of the standard charting package on the main page used by TDAmeritrade. KDJ indicator is based on the standard Stochastics but it includes an extra line called J line.
The J line is a measure of divergence between %D and %K. The value of J can go beyond [0, 100] range. Values of J line over 100 or under 0 are supposedly the most bullish or bearish for larger swings (no wonder TDAmeritrade is using it for charting stock prices).
One needs to watch as the %D is in overbought and oversold areas (20 - 80). As long as the J line is beyond 0 and 100 percent and has not hooked up or down the price is going to remain in overbought or oversold area. One needs to consider to sell the overbought or buy the oversold when %D is above 80 or below 20 and J line begins to hook down or up. Other indicators such as momentum, volume, support and resistence, etc. need to be considered for confirmation.
January 31st, 2012
Size: 8.09 KB
Downloaded: 1272 times
1107
aligator
I wrote this indicator based on an article in December 2011 Active Trader magazine on Lentz Volatility Indicator used for non-directional premium selling strategies.
The indicator is basically a measure of volatility where positive values suggest favorable conditions for non-directional premium selling. Negative values provide a warning against non-directional premium selling.
The indicator can also be used to determine whether the market is trending, ranging, or undecided.
December 12th, 2011
Size: 6.15 KB
Downloaded: 636 times
1073
aligator
I wrote this indicator based on a chart setup used by Raghee Horner for trading currency pairs but it can be applied to any instrument. So, credit for the idea goes to Ms. Horner.
Although this indicator is very simple, it is very powerful when used correctly. The indicator is a trend following setup that will keep one out of choppy markets and on the right side of the trend.
It is helpful to watch one of Raghee's seminars on IBFX to understand how this indicator is applied.
Enjoy!!
Added on October 10, 2011:
Here is a link to free Raghee Horner's eBook on this setup.
October 7th, 2011
Size: 4.50 KB
Downloaded: 2830 times
1006
aligator
Exported using NT7.00006.
Here is an interesting indicator for placing notes on a chart. Credit goes to Snaphook on Ninja Forum. It can be dropped on the main panel or a panel of its own. You can write up to 10 comments in various color and font sizes.
I find it very useful to list my rules as a reminder on my trading chart.
The attached example screenshot shows Roger Felton's entry and money management rules discussed in his last BMT webinar. Here I have used a Panel Left Edge offset of 530.
I am posting in BMT Elite Section to show Roger's trading rules, otherwise the indicator is public on Ninja Forum downloads.
Here are two indicators for the "Identifying Cup Formation Early" by Giorgos E. Silligardos, PhD in April 2011 issue of Technical Analysis of Stocks and Commodities. Silligardos has another excellent article in a past TASC issue (Feb 2006) on formation of Cup and Handle with the code for Metastock. His articles are some of the best that I have seen in TASC during the past 25 years. These indicators help identify formation of C&H in their early phase.
Exported using: NT 7.0.1000.4
Import the zip file into NT 7. Two files, "SemiCup" and "SemiCupInternal" will be added to your indicator window and they need to be plotted together for the concept.
Note: These indicators seem to be more applicable for position trading rather than day-trading.
September 16th, 2015 06:03 AM vchase Great idea! Thank you for sharing this. Might also be an idea to use sound as well?
July 17th, 2015 01:12 AM Portland
December 23rd, 2013 09:22 PM trvlntrdr a brilliant idea!
October 1st, 2013 03:16 PM ghman101 Liking it with my CL trading! Thanks SO much and for helping me find the correct version and outline feature. Will :
April 4th, 2017 10:44 PM Vedant Thank you Alligator. I downloaded it and am using it as a filter with NT7. Will provide feedback in a fortnight.
April 18th, 2016 09:45 PM akbrtrdr aligator,
Do you know how to get HA Delta with Sierra chart?
February 29th, 2016 10:40 AM no3putts Many thanks!
January 11th, 2016 05:21 AM kakelson5kids very good Thanks
March 4th, 2015 08:05 AM JGSmith I am trying to change this so that it will show a Histogram rather than the lines which I think would make it a bit easi
er on the eyes. But I am failing at doing so. Would you be able to create an update with the option for a histogram? Tha