NinjaTrader 7 Indicators - XTL - eXpert Trend Locator
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XTL - eXpert Trend Locator 5 *
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 
 
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Details: XTL - eXpert Trend Locator
Category: NinjaTrader 7 Indicators 


July 8th, 2015
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Keywords: extreme locator ninjatrader trend xtl
 


 
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