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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: 1467 times

Keywords: alerts audio smoothing dpqgpv2

Comments/ratings

faithdefender July 28th, 2023 08:09 PM

Thank you

jamesjr July 28th, 2023 11:22 PM

No Comment

bert123 July 28th, 2023 11:53 PM

Thanks!

Jonsell July 29th, 2023 12:50 AM

Thanks, looks good.

Alinghy July 29th, 2023 03:04 AM

Thank you so much, it seems working in a good manner and I think could be implemented to be stronger !

JadeL July 29th, 2023 04:54 AM

Thank you! Great work for configuring and modifying this indicator for NT8 users.

nilvano July 29th, 2023 02:47 PM

TY! Very IMPRESSIVE!

sigmatrader July 29th, 2023 07:14 PM

No Comment

f1000sx July 29th, 2023 09:18 PM

Parab�ns pelo indicador.

JJ11 July 30th, 2023 02:25 AM

Nice work, Top

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