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The problem here is that the Stochastics that ships with NinjaTrader 8 cannot use other indicators as input series. Therefore I have coded a modified version of the Stochastics, which does accept indicators as input series. From the chart I have posted you will see that a BrDSS(14,2) can be built in the following way:
-> add a first EMA(4) to your chart, select a new panel
-> select the Stochastic K plot of the amaStochastics(7,14,1) as input series for the EMA(4)
-> select a second EMA(4) as input series for the first amaStochastics(7,14,1)
-> select the Stochastic K plot of the amaStochastics(7,14,1) as input series for the second EMA(4)
So basically you apply an EMA to a Stochastics, which is applied to an EMA, which is applied to a Stochastics.
If you need help with coding the halfwidth of a Donchian Channel, please send me a private message or refer me to your original post.
I look forward to the Bressert you plan to build for Ninja8, and in the meantime try the recipe you described with EMAs and Stochs
As for the simple indicator I need, there was really nothing more in my original post, just the formula I gave. I was not familiar with Donchian Channel formula so I didn't know it was halfwidth of it, after you mentioned I checked and you are right, it will make do (I will disregard the channel lines).
For the recipe you will need the amaStochastics, as the in-built NinjaTrader Stochastics cannot be used on input series other than price.
I had coded the amaStochastics for two reasons:
(1) The NinjaTrader MAX and MIN indicators which are used by the Stochastics did not work correctly until the release NT 8.0.9.0 when the bug was fixed. For that purpose I had used indicators amaMAX and amaMIN. With the bugfix those indicators have become obsolete, and I need to take them out again.
(2) Allow for applying Stochastics to indicators as well as to price.
I will review the amaStochastics and eliminate amaMAX and amaMIN, and then post it in the download section. This is needed for the recipe. In case that you cannot wait, send me a private message and you will get the old version that uses amaMAX and amaMIN.
@renvik look at it this way, if you found the crappiest programmer on the web to do it for you it would probably cost you around $100 to $200 and that's all you get. Here, you get BigMikes for life and access to a lot of experience and other Indicators at no additional charge. So stop being a cheap bastard and pay up join the family and welcome to the club
@planetmoto I will ignore your rudeness; looks like you lack the capability to follow a thread. My response was to @edward40 urging him to become a member.
@edward40 look at it this way, if you found the crappiest programmer on the web to do it for you it would probably cost you around $100 to $200 and that's all you get. Here, you get BigMikes for life and access to a lot of experience and other Indicators at no additional charge. So stop being a cheap bastard and pay up join the family and welcome to the club
I am getting hit pretty hard here, so let me explain. First off, I had prior knowledge of the value of this site and many things Fat Tails has done here, or who he was. Also, what I have noticed now, vs. say 10 years ago, is everyone related to trading is now asking for money. Trading rooms, Premium youtube channels DVD's for $800, $100 to join here, $495 for this, $147 a month for that. It get's to be a bit much when I am on the sidelines right now, viewing, planning and testing theories in order to get a plan together.
I am not 100% sure I will settle on NinjaTrader in the end since it seems to lack basic functionality like POC, Volume Profile etc. It's a big world out here of charting and brokerage software and I am testing several platforms.