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dpQGPv2

Oscar Wilde said imitation is the sincerest form of flattery. So with thanks to the QG Better Channel authors, I have taken that indicator and modified it to better serve my trading style. Here's my dpQGP- QGPair. It is now a pair of channels, fast (Trend1 and Trend2) and slow (Trend3 and Trend4), and as price moves around those channels, signals are generated. Everything is available for your tweaking: channel coloring, signal type/color/size, channel upper and lower parameters.

In the Properties, there is a property named 'ContinuationSignals' and it has a numeric input. That number is the number of bars allowed between price falling below Trend1 and rising back above it for long signals, or price rising above Trend1 and then falling back below Trend1 for short signals. It will become clear when you see it on your chart.

There is a Toggle on the Control line at the top of the chart with options of Off, Single, and Double.
Off = no signals painted
Single = only Trend1 is considered for a signal to paint
Double = Trend1 AND Trend3 must be in agreement for a signal to paint.

You can fine tune the channels by altering their length properties which will make the channels either closer to price action or farther away. Although shown on a 144 tick chart, it works on any time period or tick period, Renko, etc.

I hope you find it useful. As always, please leave some feedback (private or public), good or bad, as it gives me ideas for making it better. Thank you. Dave P.

UPDATE! dpQGPv2 is here. May 26, 2024
It's hard to mess with something that is this useful, but I did.
Under the Parameters A properties, you will now find some options for smoothing the Trend1 cloud.
I've also added the ability to use sound files, so the chart can talk to you.
And in addition to the existing continuation signals, I've added Proximity Alert signals (Thank you Star Trek).
Although it may seem obvious, you want to initiate a trade when both trends are in agreement, and when price has pulled back to the Trend2 area.
You should ALWAYS be looking to take the trade at the 'best place to be wrong'- and not while price is extended- that means your stop loss is close by and it won't ruin your day if it gets hit.

Many thanks to all who wrote in offering suggestions. As usual, please leave some feedback. Thank you. Dave P.

Category NinjaTrader 8 Indicators and More

Details: dpQGPv2
Category: NinjaTrader 8 Indicators and More

July 24th, 2023
Size: 12.68 KB
Downloaded: 1471 times

Keywords: alerts audio smoothing dpqgpv2

Comments/ratings

ELF3 July 30th, 2023 09:58 AM

You did good. Outstanding job.

candy July 30th, 2023 01:27 PM

No Comment

serialcoder July 31st, 2023 06:25 AM

Great! The Signals series unused at the moment?

Ganymed July 31st, 2023 07:01 AM

THX GREAT

becket22 July 31st, 2023 12:16 PM

Have you tried turning this into a strategy that can be optimized?

dave888 July 31st, 2023 10:59 PM

I imported the script to my ninjatrader 8 but why the look is not the same?

prutrader August 1st, 2023 12:31 PM

Excellent, thanks

rickjames August 2nd, 2023 02:11 PM

many many thanks!! two thumbs up!

topdogtony August 10th, 2023 11:32 AM

This looks very interesting I will leave some input after testing out thank you so much.

topdogtony August 10th, 2023 12:33 PM

I would like to ask if you can include the option to use a user ATM credentials to this strategy thank you.

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