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XTL - eXpert Trend Locator
XTL is an indicator that originally was introduced in eSignal Advanced Get. This a version that approximate in a good way the original version (which formula seems to be secret and not shared by eSignal company). It helps you to easily define in what kind of trend you are.
Its calculation is based on CCI and a fixed value of that indicator:
- if CCI value<-fixed value you're in a short trend (red bars);
- if -fixedvalue<=CCI<=+fixedvalue you are in a non trend/flat period (black bars);
- if CCI>fixed value you're in a long trend period (blue bars);
In this version created by me you can customize:
- the fixed value (standard setting is 37)
- CCI period (stardard settings are 21 or 35)
- uptrend/flat trend/downtrend bar color
Very useful if used on tick chart or range bar chart
v 1.00 2015 Jul 8 - First Release, no bugs
v 1.01 2015 Jul 14 - Added Public Indicator Value String
Category
NinjaTrader 7 Indicators
Details:
XTL - eXpert Trend Locator
Category:
NinjaTrader 7 Indicators
July 8th, 2015
Size: 6.01 KB
Downloaded: 1547 times
Keywords:
extreme
locator
ninjatrader
trend
xtl
1640
endystrike
View Download Details
June 18th, 2018 02:18 PM
Corinne
November 21st, 2016 04:06 PM
Buscador
Very useful indicator. I would like to know, though what TGT_value is to better configure the value.
November 20th, 2016 09:03 PM
tapit69
Fantastic!!
March 5th, 2016 09:25 AM
ashokkb
Thanks a lot, I am using it for my Commodity trading. Cheers.
October 14th, 2015 01:30 PM
terpene
Thanks! I used XTL in A-GET, so appreciate it ofr Ninja.
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