thefxpros 

Hi fat tails, this is the source code of that indicator (bbands dots MTF). Me too I'm interested in this conversion if you can make it. I come from mt4 platform and that indicator was a rock solid instrument of my trading strategy. If you would to convert this indicator, please could you make it as MTF for ninja trader, suitable even for range bars charts? anyway thanks in advance. Attachment 134011 Attachment 134012

@thefxpros: I have found something that can serve as a base for an indicator. I think I had it translated from MetaTrader a longer time ago.

The chart attached shows bollinger bands stops with the following settings:

- bollinger band period = 10
- standard deviation multiplier = 2.5
- money risk = 0.5

Would you mind checking whether the stopline is similar to the one plotted by the MetaTrader indicator?

Fat Tails 

@thefxpros: I have found something that can serve as a base for an indicator. I think I had it translated from MetaTrader a longer time ago. The chart attached shows bollinger bands stops with the following settings: - bollinger band period = 10 - standard deviation multiplier = 2.5 - money risk = 0.5 Would you mind checking whether the stopline is similar to the one plotted by the MetaTrader indicator?

yeah, it seems this is it. Mine doesn't have the "double" on standard deviation multiplier, so i can insert only integer values. In the image attached there is a bbstop with 10 / 2 / 0,5 settings. I think that small differences between your chart and mine depending in that 0,5 value in more of standard deviation multiplier.

Could you think you can make it MFT for ninja?



I apologize for my bad english...

thefxpros 

yeah, it seems this is it. Mine doesn't have the "double" on standard deviation multiplier, so i can insert only integer values. In the image attached there is a bbstop with 10 / 2 / 0,5 settings. I think that small differences between your chart and mine depending in that 0,5 value in more of standard deviation multiplier. Could you think you can make it MFT for ninja? I apologize for my bad english...

@thefxpros: I have created a chart with the (10/2/0.5) settings that you have used. There is a difference in one place, but otherwise the indicator behaves in the same way.

I do not think that you need a MTF version, as a higher timeframe can be simulated by simply adjusting the indicator settings. The chart below show a simulated higher timeframe x2.

Fat Tails 

I do not think that you need a MTF version, as a higher timeframe can be simulated by simply adjusting the indicator settings. The chart below show a simulated higher timeframe x2.

Can i try this indicator, please?

thefxpros 

Can i try this indicator, please?

It is not finished yet, I need to review it, as it is pretty old stuff.

Fat Tails 

It is not finished yet, I need to review it, as it is pretty old stuff.

Hi fat tails,

thanks for your working in this indicator. Do you think you can complete it for the weekend?

Hi Fat Tails,

Can I ask if you've abandoned this project?

thefxpros 

Hi Fat Tails, Can I ask if you've abandoned this project?

Not abandoned, it is still on my to-do-list. The to-do-list is pretty long.

I have had a quick look at this indicator again. It has a lot of interesting properties which make it fit for use as a trailing stop.

Also I have played around with the settings - in particular with the moving average period, the standard deviation multiplier of the Bollinger Bands and then the extension factor (which was called MoneyRisk in the MetaTrader version). I have currently settled for default values period = 21, SD multiplier = 2, extension factor = 2. With these settings, longer trend following moves are possible. The only inconvenience is that the stop line can be far away from price, when a position is entered. Therefore I will add another filter, probably a Chandelier Stop, to improve the behavior of the indicator. Will be published soon.