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dpQGPv1

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.

Category NinjaTrader 8 Indicators and More

Details: dpQGPv1
Category: NinjaTrader 8 Indicators and More

July 24th, 2023
Size: 10.43 KB
Downloaded: 1446 times

Comments/ratings

topdogtony August 10th, 2023 12:41 PM

Hi again also to be able to place the stop order to any position currently unable thanks.

topdogtony August 10th, 2023 12:42 PM

No Comment

topdogtony August 10th, 2023 12:44 PM

Sorry for the multiple requests, if you can off an option to choose long or short button, thanks.

spinch August 13th, 2023 12:29 PM

No Comment

spinch August 13th, 2023 12:29 PM

Thx

dovetail August 13th, 2023 11:16 PM

No Comment

Realtimetrader August 22nd, 2023 10:56 AM

Thanks. Looks as chande krol stop?

Buscador August 22nd, 2023 06:28 PM

Thank you for a very useful indicator. I downloaded it a while back and took me some work to learn to use it.
Now it is a very useful tool in my toolbox.
I give 4 stars only because still have issues with reading it.

ballhaj August 23rd, 2023 11:27 AM

thanks for this

khaled514 September 12th, 2023 02:37 PM

merci

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