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Part I:
Before this weekend gets here, can you open both your ami platform, and your NT7 platform. I would do it but I don't have amibroker. Open say a 5 min chart of any instrument on both of them.
On your amibroker, add the simple AMA to the chart.
On NT, try the MESA AMA that ships with NT7 on your chart. Make sure to apply the same settings on NT7s AMA as the one on your amibroker.
What you want to find is an AMA in NT7 that matches the one in Amibroker. You'll notice the ones in NT7 have two lines and not just one. If one of them matches the one in amibroker that is fine, just take note of which one matches. We'll use that one to create your ocillator panel.
Part II:
As for the things on the price panel. What would be helpful is if you could just draw a picture of what you want to see on there. I see you where using the boilinger bands, in concert with accl bands. And you mentioned how when the BBand moves outside of the accl band, you like to see the color change of that.
So.... what would work, is if you could just open up an empty chart in NT7, and add the indicators to the price panel that you would use. So you would add a Boilinger Band, an accl band, and some other things. Then just say in words, "Ok, when this moves beyond this, do this, etc..." And we should be able to write the script for that.
Let me know if any of that doesn't make sense. Or if you need clarification or something maybe I can catch you on skype.
Still messing around with it. Haven't added in any rising vs. falling plot colors.
Also won't know if it is right until you install it and compare with yours, will probably need some adjustments. But here is the initial look.
Also, disregard the "Part I" of the post I made above this one for now. I am using the "MAMA" that is shipped with NT7. In there are two AMAs, one is 'Default' and the other is 'FAMA'. So for this study I am referencing the 'Default' AMA.
When you read this, do me a favor. Pick a chart, put the oscilator up as you had on your first post so I can have a point of reference, and post the screenshot of it. Also, I don't know about your timezone, so please label the chart with the EST time zone. Not every tick, but label a few of the vertical lines with what the corresponding EST time and date would be so I can tell where it is.
Also, post a screen shot of the different user inuts available for the standard ama on Amibroker, as well as the oscillator we are trying to replicate. If you open the MAMA in NT7, you can see there are two inputs, FastLimit and SlowLimit. I need to see what options are there in ami so that I can either put those values in the script, or create a user input for them. If in doubt, open up NT7, and put the MAMA on your chart, and you'll see what I mean.
About the 4th step...... the part about erasing the 'balloon' look of the Bollinger Bands from the chart. Will that be used in further calculations?
I ask because there is the option to make that value NULL or set it to the value of AcclBands for example.
OR..... we could just set it to 'transparent' when price does that so you won't see it.
I'm guessing the 2nd choice would make more sense?
At any rate..... go ahead and add the next thing to the thread that needs to be done for your indie. If we are going to set it to transparent, we can add that near the end anyway, as I have to look into changing plot colors.
About the 4th step...... the part about erasing the 'balloon' look of the Bollinger Bands from the chart. Will that be used in further calculations?
I ask because there is the option to make that value NULL or set it to the value of AcclBands for example.
OR..... we could just set it to 'transparent' when price does that so you won't see it.
I'm guessing the 2nd choice would make more sense?
At any rate..... go ahead and add the next thing to the thread that needs to be done for your indie. If we are going to set it to transparent, we can add that near the end anyway, as I have to look into changing plot colors.
We are only interested in when BB is inside ACCL band. That too only on our trading time frame. The timing time frame we wont need BB at all...
Main idea behind tracking the 2 bands is to identify congestion zones. Thats the phase when most indicators go out of whack and we need to know when not to trust them. After all, objective way of looking at a very subjective market will need some sacrifice and we need to let go of some good trade to avoid being whipped. Its also when we know that market is looking for direction and thats when we plan to lighten up some of our positions with the hope of adding when direction resumes our desired direction.
Our next objective is to track the health of the current wave. For that we'll look for continuation / divergence pattern on RSI. So first task is to identify pivots on price.
likewise, we isolate the point of crossover of worm-high (EMA2 of HIGH) and the upper band. From the point of crossover, plot the highest high of the last 5 bars as pivot high. I have ploted them as red dots.