Description:
Uses the Reverse Engineered RSI indicator to determine trend. Fifty on the RSI marks the point where the average of up closes is equal to the average of down closes. If the RSI is above this point the average of the up closes is greater that the down closes and vice versa. Instead of using 50 as the point of demarcation, this indicator accounts for noise by defining upper and lower boundaries above and below 50 (default of 52 for upper and 48 for lower). An uptrend is signaled when a low is printed above the upper boundary plot and a downtrend when a high is printed below the lower boundary plot.
Plots for standard deviation or ATR bands are an additional option that can be employed. The upper deviation plot is a multiple of the StdDev or ATR added to the upper boundary plot. The lower deviation plot uses this same deviation value and subtracts it from the lower boundary plot.
Note: If you find bugs, have feature requests, or anything else, post in THIS thread.
This is the TrendGRaBer, ORIGINALLY created by @ Aligator. His NT7 version can be found HERE, and the NT8 version he created is on NT's EcoSystem HERE.
This indicator is based on a setup by Mrs. Raghee Horner. The credit for the setup goes to Mrs. Horner, and the indicator development to Aligator.
If interested in more information about trading this system, you can watch a webinar she posted HERE.
The indicator is simple, in that it produces 3 moving averages, based on a the High, Close and Low. These 3 MAs produce a channel. Prices that close ABOVE the channel are painted based on the bar's Open-Close relationship. Prices BELOW in a similar fashion. Closes in between the upper/lower channel a different color, also based on the individual bar's Open-Close relationship.
The indicator updates in real-time, on each tic.
The MA types available are:
EMA
SMA
HMA
WMA
DEMA
TMA
TEMA
ZLEMA
Again, this indicator is not my idea, but based on the setup by Mrs. Horner, and the indicator built by Aligator.
---EDIT - 24January2020---
This indicator was renamed to Trend GRaBer with proper citations provided.
I've been a fan of Better Renko bars for several years now and was looking for a way to identify when a Wick or a Tail on a Better Renko bar was larger than the setting I had chosen.
Eg., Using a 4 Better Renko bar setting on the ES and looking for Wicks or Tails that were 5 ticks or greater.
This little indicator will do that for you. It simply draws an Arrow symbol above or below the corresponding Wick or Tail.
When I trade the NQ I prefer a 3 Better Renko bar, I use the irWicksandTails indicator to highlight 4 tick Wicks or Tails.
I don't use them for trade entries, I just note when they start to show up and rely on their presence to help me discern a "short term" trend bias.
This indicator is for NT-8, and was compiled with Version 8.0.17.2 64 Bit
I have created a simple indicator that "paints" regions on the chart based on ADX and EMA.
Very Simple algorithm:
Chart paints regions only when ADX is above a customizable level. Default is 15.
Region Color Green: ADX Rising; EMA Rising (Potentially Bullish Trending)
Region Color Blue: ADX Falling; EMA Rising (Potentially Reversal)
Region Color Red: ADX Rising; EMA Falling (Potentially Bearish Trending)
Region Color Yellow: ADX Falling; EMA Falling(Potentially Reversal)
You can use this indicator as a means of confluence with other strategies you may have.
I am new to this forum and my first attempt at publishing my program. Hence I am not aware of all caveats that I need to include here. But this is merely an indicator that portrays ADX Value and EMA Value movements. This is not by any means a suggestion to trade !!
Please provide your feedback and suggestions. Would appreciate that.
The Regression Channel already comes as a NinjaTrader default indicator. However, the NinjaTrader default indicator comes with a few limitations, which are adressed by this indicator:
- The default indicator calculates the regression channel from the last bar loaded by OnBarUpdate(). When the chart scrolled back horizontally, the regression channel remains in its future position until it drops out of the chart.
- The default indicator does not allow for calculating the linear regression channel a few bars ago and then project the channel lines forward until the current bar.
This version of the indicator has the two issues addressed:
- The regression channel is calculated from the last bar shown on the chart and will adapt its position accordingly when you scoll back the chart horizontally.
- You may enter an offset and calculate the regression channel a few bars ago. The regression channel will then be extended until the last bar shown on the chart.
Repainting behavior: All regression channels - whether linear or polynomial - belong to the class of repainting indicators. All regression channels are retrofitted to the selected lookback period. The repainting can be easily observed with this indicator when scrolling horizontally. The indicator comes with an option to display the regression bands. The regression bands show the trace that the regression channel has painted on the chart without repainting any prior bars.
Public DataSeries: The indicator comes with four additional public DataSeries that can be accessed via the strategy builder.
- Normalized slope - This is an output which returns the slope in synthetic degrees. The slope has been normalized by dividing it by the square root of the average true range and then applying the arctangent.
- NormalizedChannelWidth - This series returns the normalized channel width around the regression line and may be used as a measure of non-directional volatility.
- RegressionTrend - The regression trend holds the value + 1 for an upsloping regression line and -1 for a downsloping regression line.
Market Analyzer Columns: The indicator comes with three separately coded market analyer columns which allow for displaying normalized slope, normalized channel width and the regression trend on the market analyzer.
The Multiple MA Cross indicator plots a fast and a slow moving average and colors the area between the two moving averages. Both the fast and the slow moving average may be selected from a collection of over 30 different moving averages.
The indicator is primarily designed as a trend filter to show whether the market is in an uptrend or in a downtrend. The indicator comes with two different trend definitions - cross and thrust. The trend is exposed as a double series and can be accessed via the NinjaTrader strategy builder or the market analyzer. Directly accessing the trend via the market analyzer requires a separately coded market analyzer column, which is not yet included with the install file.
Trend definition "MA Cross": The current trend changes to "uptrend" when the fast moving average crosses the slow moving average from below. The current trend changes to "downtrend" when the fast moving average crosses the slow moving average from above.
Trend definition "Thrust": The current trend changes from “downtrend” to “uptrend” with the first bullish thrust bar that plots above the upper moving average. A bullish thrust bar is a bar that closes above the prior bar’s high and has a larger range than the prior bar. The current trend changes from “uptrend” to “downtrend” with the first bearish thrust bar that plots below the lower moving average. A bearish thrust bar is a bar that closes below the prior bar’s low and has a larger range than the prior bar.
Moving averages available as fast and slow moving average:
- Adaptive Laguerre Filter
- ADXVMA
- Butterworth Filter
- DEMA
- Distant Coefficient Filter
- Double Weighted Moving Average (DWMA)
- Exponential Hull Moving Average (EHMA)
- EMA
- Gaussian Filter
- HMA
- Holt EMA
- Laguerre Filter
- LinReg
- Moving Mean TPO
- Moving Mean VWTPO
- Moving Median
- Moving Median TPO
- Moving Median VWTPO
- Range Weighted Moving Average (RWMA)
- Sine Weighted Moving Average (SWMA)
- SMA
- SuperSmoother
- TEMA
- Tillson T3
- TMA
- Triple Weighted Moving Average (TWMA)
- VWMA
- Wilder's Average
- WMA
- ZerolagHATEMA
- ZerolagTEMA
- ZLEMA
Applying the Multi MA Cross to indicators: The Multi MA Cross is designed to be applied to other indicators which may be selected as input series. However, some of the moving averages listed above will not support this feature. In case that a selected moving average does not support the feature the indicator will display an error message asking you to select a different moving average for the fast or the slow moving average. These are the moving averages that may not be selected when an indicator is chosen as input series: Mean TPO, Mean VWTPO, Median TPO, Median VWTPO, RWMA, VWMA, ZerolagHATEMA. These moving averages may only be applied to price.
Paint Bars: The MultipleMA Cross indicator comes with paint bars. The paint bars are colored according to the trend, where the trend maybe determined via the "MA Cross" or the "Thrust" option. The paint bars may be displayed without the indicator plots.
Chart will draw up to 3 MAs with selection of 7 diff MA to choose from. Note that you can modify the code to add more MAs if you have them. I have to comment out some of them as they are not converted to NT8 yet.
Export with 8.0.2.0
This indicator was designed to provide an entry signal, in either a trending configuration using an EMA filter, or via a countertrend formation (especially in range bound markets) using a higher sensitivity threshold.
There are 4 available parameters which guide output. The WARNING levels, and the SIGNAL thresholds.
Maximum values for WARNING or SIGNAL should not exceed (normally) + or minus 7.
Indicator works best with non-minute bars (tick, range, renko, volume).
When deployed with trend filters, consider using a lower WARNING and SIGNAL sensitivity range to define possible pullback entry areas. If no filter (EMA) is used, watch for punctures of the signal candle high/low for continuation movements.
September 26th, 2017 12:31 PM Shredder This indicator expires after a couple weeks and a pop up is shown at every restart that you have to contact BTTFT to pur
chase.. Waste of time in downloading what is presumed to be a free generously provided indicator
September 7th, 2017 11:39 PM molleti
September 4th, 2017 10:38 AM pacopil felicidades por el<indicador
October 1st, 2022 04:05 PM Buscador Thanks for sharing
June 20th, 2021 07:53 AM bluedot thanks, appreciated!
November 9th, 2019 05:45 AM Phc1 I think it's better to use the DM indicator as basis , it has the advantage of having the ADX and the DM in combo , wher
e the DM shows momentum as Peter1 mentioned probably . took 2 screenshots :
-https://www.screencast.com/t/TkuRYjY96
-https://www.screencast.com/t/SrMkoaCB1XZK
https://www.investopedia.com/terms/a/adx.asp
November 9th, 2019 05:32 AM Phc1 I share Kcrawford's opinion :
Not bad, but a couple of things:
1) people should be able to change whatever colors to whatever they want
2) set the EMA so that it also can be adjusted, people are going to tinker with it, and want to.
3) set the ADX itself to the range they want there to,
THEN your indicator is complete and everyone can adjust it how they want.
November 8th, 2019 05:20 PM renvik Thanks for your effort.
April 19th, 2024 08:36 PM racecarjw I believe this will help in my trading. Thank you for your generosity.
December 21st, 2023 11:15 AM ballhaj very nice
May 15th, 2022 10:06 AM ndakotan will come in very handy. thanks
June 24th, 2021 08:48 PM perdelta Excellent work! As a huge fan of Raghee's trading style and tools I could not be happier with having found your version
of her GRaB Candles and 34 EMA Wave. Thanks!!!
May 1st, 2021 07:44 AM binonut Thanks, this fits well into my current systems and helps immensely when reading a chart quickly.
August 29th, 2023 01:37 PM Maxie thanks for sharing
June 20th, 2023 01:01 PM peter1 Thank you for sharing it.
December 3rd, 2022 03:02 PM candy
November 28th, 2022 08:58 AM ballhaj Awsome indicator thanks
October 9th, 2021 12:15 PM racecarjw GB, your mind works in a strange but good way. I cant wait to try this out in real market conditions. Thank you for shar