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Updated February 18, 2013
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April 12th, 2010, 12:23 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
Here is a momentum stop indicator, momentum because it has nothing to do with volume it is based on price action only. I wrote it for 5m ES chart I have no idea if it work on any other time frame /chart style. Please take time to watch it in action as it is very simple to understand maybe too simple for some folks. The template is for 24hr chart because I collect data to plot overnight H/L using BTOpenRange. If you don't care for overnight H/L then there is no need for 24hr chart. I attatch all indicators to be used in this template.
download momstop here
https://nexusfi.com/free_downloads/ninjatrader-7/indicators/776-download.html?view
Attached Thumbnails
Attached Files
Elite Membership required to download: BTOpeningRange.cs
Elite Membership required to download: ES-5M-MomStop.xml
Elite Membership required to download: OR15.cs
Thanked by:
Alan , andewky , Big Mike , cazimi , cejstrup , cv2low , Ganymed , gary9 , ghcardenas , GoldStandard , Hugo2 , learning0101 , masterv , max-td , mea109 , plm66 , project belgrade , puppeye , S trader , sebddn , seilsys , spx_tdr , sysot1t , thevfutio , TheWizard , Trader.Jon , wgreenie , wuolong
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
April 12th, 2010, 08:20 PM
west chester
Experience: Intermediate
Platform: NT
Posts: 48 since Oct 2009
Thanks Given: 1
Thanks Received: 55
April 12th, 2010, 08:29 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
sorry I am still on NT 6.5, try copy cs file into nt7 indicator an compile it from there, it only uses h/l/c value and draw triangle command I think it should pass nt7 syntax.
April 13th, 2010, 09:23 AM
west chester
Experience: Intermediate
Platform: NT
Posts: 48 since Oct 2009
Thanks Given: 1
Thanks Received: 55
neither will compile here is the grid error.
no overload for method "drawline" takes "8" argument. line 91 and 92 of or15.cs
April 13th, 2010, 01:22 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
I see, I just mean the momstop may not having probl with NT7 but the rest of indicators may, due to incompatible ploting syntax.
April 13th, 2010, 02:24 PM
Germany / Italy
Experience: Advanced
Platform: NT8, TS, TV
Trading: Index Futures, FX
Posts: 83 since Nov 2009
Thanks Given: 51
Thanks Received: 37
most likely just the autoScale property that they added for all Draw methods...
April 15th, 2010, 11:09 AM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
I am done with my tax so it's time for the upgrade here is MomStopV2
improvements are;
-add more reversals
- add option to filter out bad signals using bar range
- add trade entry buy/sell line so that you can track the entry point visually
here is how it looks with the new indicator
and how it looks with the new OR15
Attached Thumbnails
Attached Files
Elite Membership required to download: ES-5M-NEW-MOMSTOPv2.xml
Elite Membership required to download: OR15.cs
April 15th, 2010, 01:04 PM
Isla Mujeres, MX
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,637 since Aug 2009
Thanks Given: 11,399
Thanks Received: 2,790
cory
I see, I just mean the momstop may not having probl with NT7 but the rest of indicators may, due to incompatible ploting syntax.
Here a the solution to running in NT7
Code in current indicator:
Code
DrawLine("L1"+id,StartBar,h,EndBar,h,colorRL,DashStyle.Solid,lw);
DrawLine("L2"+id,StartBar,l,EndBar,l,colorRL,DashStyle.Solid,lw);
Code change to:
ADD the true, to the code
Code
DrawLine("L1"+id,true, StartBar,h,EndBar,h,colorRL,DashStyle.Solid,lw);
DrawLine("L2"+id,true, StartBar,l,EndBar,l,colorRL,DashStyle.Solid,lw);
Thanks for the kewl indicator Cory
Scotte
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind . . .
But Learning to Dance in the Rain ! ! !
April 15th, 2010, 03:47 PM
virginia
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090
patience is a virtue, outlast the chop
Last Updated on February 18, 2013