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Requesting help using MC MA Ribbon indicator to define trend in a trading system
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Requesting help using MC MA Ribbon indicator to define trend in a trading system

  #1 (permalink)
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Requesting help using MC MA Ribbon indicator to define trend in a trading system

Can anyone help me me with what is probably a newbie question. I want to add a trend filter to my trading system as a condition. I want to use the Multicharts MA Ribbon indicator (Mov Avg Exp Ribbon) that comes with MultiCharts and I want trend to be defined when the fastest MA crosses the slowest. How can I do this? TIA

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A quick look at the code indicates it is using a single array "arr2[]" to hold the values of 8 moving averages. I would just take this Indicator code and convert it to a Function, then have that function return the array values to your Signal.

From the signal, just look at the minimum value and the maximum value, and look for the cross over.

You can open up existing Functions and see how they differ from Indicators. Mainly two differences: a) the input block keywords, and b) how they return values. Make those two adjustments, and delete the Plots(), and you now have your function. You can also open up example Signals and see how they call functions to get values.

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  #4 (permalink)
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Big Mike View Post
A quick look at the code indicates it is using a single array "arr2[]" to hold the values of 8 moving averages. I would just take this Indicator code and convert it to a Function, then have that function return the array values to your Signal.

From the signal, just look at the minimum value and the maximum value, and look for the cross over.

You can open up existing Functions and see how they differ from Indicators. Mainly two differences: a) the input block keywords, and b) how they return values. Make those two adjustments, and delete the Plots(), and you now have your function. You can also open up example Signals and see how they call functions to get values.

Mike

To use this indicator as written, how do you use it and how accurate is it in practice? what specifically can it measure? the brief description seemed... well.... brief. Does it work better to have it not calculate the current bar on close or is there inherent lag which would mean it's more suited to longer term trends rather than short term? All sort of questions about this indicator. For three light patterns can these be interpreted as early indicator signals or should they be disregarded as a signal of indecision in the market trend? I'm just going to assume the 2x2 is a true indecision indicator.

Sorry to be a thread necromancer...... But I'm pretty sure I'm going to be raising a few zombies around here with all of my questions ...... in search of..... Brains.
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