October 7th, 2019
Size: 1.73 KB
Downloaded: 136 times
2107
Ryanb
Hi Traders,
I find it necessary to make sure to stay out of the markets when they are "slow" vs "fast". However, historically that is challenging as it has been quite subjective. Watching the time and sales order flow gives a sense, but what is fast now vs earlier or another time period is still subjective.
I wrote the following simple indicator which gives some level of quantitative visibility if the mkt is moving fast vs slow. The indicator takes the time difference between the the last tick update of the bar compared to the previous tick update. A slower market will have a longer duration and therefore a larger value. A fast market will have very short durations of updates with values closer to 0.
I trade with tick charts so that is the lens that I am viewing this indicator. I wanted to have the values coincide with visual trend of values that are trending "up" (faster) vs "down" indicating slower mkts. That is why I applied a sign reversal to the values in the code.
When using the indicator, values closer to 0 indicates very fast, vs. values with larger negative values represent a slower market (hence the duration between updates is longer in duration). In the screenshot, I have a green line and red line manually applied which are my thresholds for fast vs slow. Those levels were based on my own analysis and screen time of the market being traded. You will have to gauge levels yourself based on the market and chart used.
Suggestions welcome and glad to contribute.
Code written in easy-language with use with MC 64 v12.0
March 29th, 2019
Size: 9.21 KB
Downloaded: 300 times
2053
JoeyZaza
I came across some code in tradingview.com that plotted an RSI clone of the original Jurik RSX indicator. I have no idea if there is any similarity between the two. But, it was fun converting the code into multicharts. I am giving the code here.
I have attached a PLA file which can be use by multichart users. Also an image showing the RSX Clone together with the original RSI
Name: RSI Clone of the original Jurik RSX
Version: 1.00
Date: 21-08-2017
{Mark Jurik is a well known and respected name in technical analysis. he provides a number of advanced tools to traders.
The JMA is his product, which is a smoother, less noisy and low lag moving average.
Mr Jurik also provides a smoother, low lag RSI.
I cam accross a code in tradingview.com which calculated a Jurik RSI Clone. Now,it is quite possible that the clone may be
nothing like the original Jurik RSI.
But, for whatever it is worth, I converted the tradingview code into Multicharts which is easylanguage compatible}
{ Trading viewcode is here: https://www.tradingview.com/script/XzcIRUHv-JMA-RSX-Clone-LazyBear/}
input: src(close), Length(14), lvlob(70), lvlos(30), mid(50);
vars: f90_(1), f88(1);
vars: clampmax(0), clampmin(0);
vars: f8(1), f18(1),f20(1),f10(1),v8(1);
vars: f28(1), f30(1), vC(1);
vars: f38(1),f40(1), v10(1),f48(1),f50(1),v14(1),f58(1),f60(1),v18(1);
vars: f68(1),f70(1), v1C(1), f78(1),f80(1), f90(1), v20(1),f0(1),v4(1),v4_(1),rsx(1);
clampmax = 100;
clampmin = 0;
if currentbar > 1 then begin
if f90_[1] = 0 then begin
f90_ = 1;
end
else begin
if f88[1] <= f90_[1] then begin
f90_ = f88[1] + 1;
end
else begin
f90_ = f90_[1] + 1;
end;
end;
if f90_[1] = 0.0 and (length-1 >= 5) then begin
f88 = Length - 1.0;
end
else begin
f88 = 5.0;
end;
f8 = 100.0*(src);
f18 = 3.0 / (length + 2.0) ;
f20 = 1.0 - f18 ;
f10 = f8[1];
v8 = f8 - f10 ;
f28 = f20 * f28[1] + f18 * v8;
f30 = f18 * f28 + f20 * f30[1];
vC = f28 * 1.5 - f30 * 0.5;
f38 = f20 * f38[1] + f18 * vC;
f40 = f18 * f38 + f20 * f40[1];
v10 = f38 * 1.5 - f40 * 0.5;
f48 = f20 * f48[1] + f18 * v10;
f50 = f18 * f48 + f20 * f50[1];
v14 = f48 * 1.5 - f50 * 0.5;
f58 = f20 * f58[1] + f18 * absvalue(v8);
f60 = f18 * f58 + f20 * f60[1];
v18 = f58 * 1.5 - f60 * 0.5;
f68 = f20 * f68[1] + f18 * v18;
f70 = f18 * f68 + f20 * f70[1];
v1C = f68 * 1.5 - f70 * 0.5;
f78 = f20 * f78[1] + f18 * v1C;
f80 = f18 * f78 + f20 * f80[1];
v20 = f78 * 1.5 - f80 * 0.5;
if (f88 >= f90_) and (f8 <> f10) then
f0 = 1.0 else f0 = 0.0;
if (f88 = f90_) and (f0 = 0.0) then f90 = 0 else f90 = f90_;
if (f88 < f90) and (v20 > 0.0000000001) then
v4_ = (v14 / v20 + 1.0) * 50.0
else
v4 = 50.0;
if (v4_ > 100.0) then begin
rsx = 100.0;
end
else begin
if v4_ < 0.0 then rsx = 0 else rsx = v4_;
end;
end;
plot1(rsx,"RSX");
plot2(lvlob,"Res");
plot3(lvlos,"Sup");
plot4(mid,"mid");
August 21st, 2017
Size: 8.60 KB
Downloaded: 294 times
1889
charttrader
Here's a set of Fibonacci pivots built off of the Custom Floor Trader Pivots generously supplied by Japhro.
Fibonacci pivot points start just the same as standard pivot points. From the base pivot point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.
April 2nd, 2017
Size: 1.49 KB
Downloaded: 95 times
1847
BogeyGolfer
I wasn't a fan of the standard floor trader pivots indicator in MC.net so I had someone revamp it, it was a paid job, since I am not a programmer but I am happy to share it here. My contribution to the community, I suppose.
The standard pivots had a dashed line, even if you selected line, the older sessions pivots cluttered up the chart and the labelling wasn't to my liking, with only markers that covered up the last price marker on the chart axis. We also added pivot mid-points which in my trading experience are very important. Hope you like this one better
Futures.io doesn't allow me to upload the file as is with the .pln extension, so I had to zip it
Since all MC.NET indicators are .pln extension perhaps that can be added to the list of acceptable file types to upload?
Thanks - J
September 16th, 2016
Size: 3.62 KB
Downloaded: 237 times
1756
Japhro
I want to change the ID code to change color when there is current bar cross between DM + DM uphill (blue) and down (red). The other bars are still black. View Source (not working)
using System.Drawing;
using PowerLanguage.Function;
namespace PowerLanguage.Indicator
{
public class DMI_joa : IndicatorObject
{
private DirMovement m_dirmovement1;
November 16th, 2015
Size: 14.72 KB
Downloaded: 104 times
1681
jonxab
Version: 20150901
Improvements comparing to out-of-box BB and KC indicators:
1) It is rewritten based on underlying functions, so that when you need to write strategy, you can call the function directly.
2) it gives you choice of moving average type. I only enable EMA and SMA, but you can add more with simple coding.
3) the mid line can be in two colors when it is up/down from last bar.
September 1st, 2015
Size: 4.37 KB
Downloaded: 431 times
1647
gztanwei
A multicharts .NET C# version of the bid / ask / last price lines I used on Ninja. Haven't tested it on all timeframes or instruments, but looks good on futures.
Coded with much inspiration from the Market_Depth_on_Chart_2 indicator included with MC.
Updates on a 0.2 sec timer rather than ticks, so the bid/ask can be drawn when they change without trades.
This is Version 1, posted 6/18/2015.
UPDATE:
Version 2, posted 12/23/2015.
Fixes problems with not allowing changes to colors & widths.
Cheap hack to work around a bug introduced into MultiCharts .NET builds > 12000. Their "ChartPoint2Point()" is broken now for volume and range charts. Now the price line simply draws 15 bars to the right of the last bar.
September 15th, 2015 02:35 PM lavender thank you - awesome tool for scalpers!
September 4th, 2015 03:25 PM Japhro Works nicely, but it looks like the last price line colour or width doesn't change when you change it in style settings.