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RSIOMA for NT-8
In response to a request from @bobwest this is an NT-8 version of the RSIOMA ported from MetaTrader by @ivanjocic and converted to NT-8 by @Prtester
Here is a link to the NT-7 version for your reference:
https://nexusfi.com/download/ninjatrader-7/indicators/2154-download.html
This indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they change from 0 to 100. Additional histogram indicator is shown for quick reference below the lines.
On the picture the bold blue line is RSI of the moving averages, the thin violet line is its moving average. RSI above MA and RSI above level 50 is a signal of a bullish trend. RSI below MA and RSI below level 50 is a signal of a bearish trend. One can also buy when the RSI breaks level 20 from below and sell when RSI breaks level 80 from above, but those are weaker signals. Histogram provides quick reference. Green lines signal BUY, red signal SELL, magenta mean overbought, blue mean oversold.
Category
NinjaTrader 8 Indicators and More
Details:
RSIOMA for NT-8
Category:
NinjaTrader 8 Indicators and More
February 11th, 2020
Size: 3.77 KB
Downloaded: 1143 times
Keywords:
nt-8
rsioma
2164
Botts
Comments/ratings
Will
February 11th, 2020 04:08 PM
Great, tx!
datahogg
February 11th, 2020 06:03 PM
Thanks.
onehd11
February 12th, 2020 08:43 AM
No Comment
YogaTrading
February 12th, 2020 05:37 PM
Q: What time frame do you feel it works best on?
Q: Is it more effective on a tick chart or time chart? does it matter?
Many thanks...
bandtasia
February 13th, 2020 04:06 PM
Thank you! I look forward to seeing how it works.
Oriole
February 22nd, 2020 12:27 PM
Many thanks for sharing.
Abusamjad91
July 24th, 2021 08:52 PM
Thank you
BoltTrader
January 15th, 2022 10:04 AM
Thank you!
zoomie
February 28th, 2022 12:33 PM
Thank you...
TLGtraders
April 22nd, 2023 05:44 PM
Thank you
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