NWT Trend Ribbon - Version1
This has come up in a posting else where so I thought I might as well put it in the download area.
Basically it is a ribbon (horizontal line) that changes color to indicate the trend.
In the picture, I have put four of these onto the chart, all with the same MA periods but using different types of moving averages ie EMA, WMA, ZMA, TEMA.
It is quite simple in that it just uses a Slow and a Fast MA (example shows a 40 and a 20) but it also incorporates a spread into these two MA's ie 0.0003 (3 pips on the Forex). So the two MA's must be separated by at least 3 pips in this example before it states it is in a trend.
Green for Up, Red for Down and Blue for Stand aside (Barbwire) ie do not trade.
Note - The Study uses an external function to determine the trend, this allows the function to be easily added into a signal.
Direction = NWT_Trend(LongMALen,ShortMALen,Spread,Price,MA_Type) ;
or
Direction = NWT_Trend(40,20,0.0003,Close,"E") ;
So direction ends up with either 1 or 0 or -1. (1=Long, 0=Stand aside, -1= Short)
Compare this to the Sample ADX indicator on the bottom. The three RED lines are at 20,25 & 30.
This strategy is simple straight forward... and replaces the other... Sorry if I'm not doing it right. I added screen capture as well as indicator capture... You can fire this off at each trade... or you can fire it off by depressing the mouse down on the button...
It's design is to help you look for signals... and compare the visual to the data later... I know when back testing and simulation... it would have been easier if I had this routine already built in...
This Indicator is been made after i have seen the BrooksBars Indicator from Photog53. - (lot of Thanks to him !!!) It counts the Highs and Lows and iīve got a shadow inclued. I have wrote a description in German so that a professional programmer made the job for me. After much interests in a Threat here in the Forum, i decieded to share it to Elite Members. The most of you speak englisch, so iīve tried to translate the description, hope you can understand...it was not so easy.... so i ask for a little lenient. :-)
unfortunately the indicator count or paint only after you have start it in the chart, it donīt look back. Maybe some guys could modify this. the shadow-color and the count text (H1/L1) is also not changeable.
i am pleased if it is a help for anyone. iīve got many benefits here by big mike so its fine if i could give something back to you.
please donīt ask me about the code, but if someone have question about the idea/definition or about the use of the indicator, i am pleased to get message. I use it very helpful in my private trading
The ZigAndZag indicator is a trend line drawing custom indicator which will draw trend lines on your chart for you. There are printed arrows too, please don't take these for entry signals, they are repainting based on the price action.
The I-regr indicator also known as the Linear Regression Channel consists of two parallel lines, equidistant up and down from the line of linear regression trend. The distance between frame of the channel and regression line equals to the value of maximum close price deviation from the regression line.
If price is below the bottom line - BUY
If price is above the upper line - SELL
The middle line can be also used as the Take Profit area or Target Limit.
The IBFX Daily Pivot Indicator draws the daily Pivot, Support and Resistance Levels at upper right corner of the chart. The indicator will also draw the lines on the chart. Resistance lines are shown in red and Support lines are shown in green.
The economic calendar indciator will post economic news announcements directly onto the chart along with the actual figure released. The indicator will display any economic events relevant to the currency pair displayed in the chart. For example if you are viewing USD/JPY, it will display economic releases relevant to the US and Japan. The indicator pulls data from the DailyFX economic calendar.
To follow up with my recent post and question, this is the indicator I'd like to clean up. All the text makes it look too cluttered. I just want to outline the candle pattern chosen and get rid of the text (or make it alterable). This file was native to NT7 so there is no zip, just a .cs. Rather than zip it I'm thinking attaching the .cs is ok.
This indicator uses Linear Regression as main driver. It's based on a longer and shorter period LR used as a signal.
I find it most suitable for indicating when to add new contracts to already opened position or if you've missed trend break-out this can find you a nice entry.
Should you have market trending down, you enter when histogram reaches near 0 and you can either wait to change direction and go in the opposite direction or use some "fixed" near 0 detection method.
On the image you can see how nice have been identified places where to add to an existing position, or even enter market if not done so already.
Please check here for early trend change identification and how trading divergences possibilities.
Parameters:
- Adaptive period: you can select to use adaptive period proposed by John Ehlers for short period calculation
- Period multiplier: is to be used if you've selected adaptive period so from short period calculated will be derived long period value by multiplication
- Long LR period/Short LR period: are to be used as fixed values for Linear regression period
- Long/Short smoothing: is SMA smoothing applied to LinReg
Notes:
- Red/Green histograms are selected on Falling/Rising base respect to previous value.
- In debug mode you can see additional 2 lines plotted. Those are actual angle measure line for longer and shorter period LR.
I could not find, does anyone have this indicator for NT8?
Thanks.
April 24th, 2022 12:39 PM designbynicki Hello!
I am Nicki. This is the indicator I have been looking forever...... ^^
Is there possible to get Ninja Trader 8 version?
Thank you in advance!
Nicki,
February 11th, 2018 08:08 AM reach4thelasers This indicator is absolutely useless. This is not how Al Brooks counts highs and lows. Not even close to it.
January 29th, 2015 10:06 AM Hood Is this indicator for Ninjatrader? I can't see any mention of what platform this is for.