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I really enjoy the indicator honestly I tried it 4 years ago, but didn't know what I was looking for. The indicator also improved, with this signal settings. I definitely will use this indicator after trial if i manage to have the alerts
Can you just help me to set the alerts? On the alerts (left side is conditions) I see I can choose indicator then below left side I can choose up or down signal.
What do I have to choose to compare with in the middle row and right column? It is just an arrow so not equal to data series gbppjpy or not equal to indicator down signal?
I have 4 indicators on a chart (8 signal for 1 pairs)14 pairs, so I hope ninjatrader can handle all those allerts
When the signal is active, it's value is 1, if not it's 0.
You could test the value against 1 or 0, but careful with value comparison using floating values, it can be tricky, so it's safer to compare with 0.5. As a result, signal active will be > 0.5, signal inactive is < 0.5
Can anyone share their thoughts on formulas that could be used with gomi OF to detect exhaustion and trapped traders. I have paid indicators that plot both of these but I would like to find formulas that work with gomi OF so that I can test with bloodhound which I can't do with the other indicators I have because they aren't compatible. I know in general that they plot exhaustion when they see a "low" number of trades near the top or bottom and they plot trapped traders when they see a "large" number of trades at the top or bottom of a bar that closes in the opposite direction. But what I don't have a feel for is how to know what "low" or "large" is and how to generate these signals using gomi OF. I trade RTY since that might have a bearing on the suggested numbers. If someone could share some specific ideas on how to do this with Gomi OF that would be much appreciated.
You can try to use signals produced by the reversal module, it tries to identify trapped volume
It will be available in formulas as IsBuyingReversal[0] or IsSellingReversal[0], and you can also access top and bottom volume using SellsAtHigh[0]+BuysAtHigh[0] and SellsAtLow[0]+BuysAtLow[0]