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EMASlopeBands

I added bands to the EMASlope indicator. The bands are calculated from the volatility of the candles. The user sets a multiplier for the bands. In this pic the EMA is set to 34 and the multiplier is set to 1.57 (Pi/2). You can see that in the churn areas, the price stays within the channels of the bands until it breaks out.

Features:
Set the color of EMA and Bands according to slope (30 and 60 degrees in pic)
You can color the background according to the slope of the EMA (shown at 20% opacity).
The distance (ticks) from top band to bottom band is displayed on the screen.
Button on axis to hide the plots, allowing several EMA with different periods to show or not.
EMA Period and Band multiplier shown in button. Title shows EMA period with indie name.

R1: 3/10/21: Added margin label font size control to user panel per request from JC195461.
R2: 2/28/2022: I normalized Bands to accommodate fractional TickSize.

Trade Well...
Bob

Category NinjaTrader 8 Indicators and More

Details: EMASlopeBands
Category: NinjaTrader 8 Indicators and More

January 27th, 2021
Size: 7.16 KB
Downloaded: 721 times

Comments/ratings

BoltTrader March 4th, 2021 12:30 PM

ty very much!

Anand Jagdeo March 4th, 2021 12:58 PM

Good afternoon. Can this indicator be made available for NT7 as I think there are a lot of traders including myself who are still using NT7. This would be greatly appreciated

Anand

doji53 March 4th, 2021 03:22 PM

Great indicator make trading easy

:holla loo ya

JadeL March 5th, 2021 12:02 AM

Useful indicator! Thanks v much

papaguena March 5th, 2021 01:49 AM

No Comment

kcrawford March 5th, 2021 02:27 AM

THANK YOU!

There are things about this I love, and a few I could do without. I use this to scalp, and the way I have my chart set up works extremely well for me. So far its been about an $8k week using 2 contracts...how can anyone complain?

Suggestions:
1) be able to choose different MA types...SMA, EMA, DEMA, Hull, etc.
2) set up how many pairs of envelope lines you want (I have yours on my chart twice just so I could draw an extra envelope.)

Lightheart March 6th, 2021 11:53 AM

This is an outstanding piece of work! Thank you for sharing. It is something I have wanted for quite some time, but with some added bells and whistles to my wish list.

Lightheart March 6th, 2021 03:38 PM

I created a strategy using this indicator but when I attempted to zip it to share I got an error message saying be sure all components are included as some are missing. I have done hundreds of zipped strategies that I made and never have had that error message.

Anyone have any ideas whether this indicator could be causing that issue? Thank you.

bobc635 March 9th, 2021 12:05 PM

Hi Lightheart... I am not sure what the issue is...when I have problems zipping it is because some indie or strat is calling something that was not included in the zip...send me a PM and we can work on it.

bobc635 March 9th, 2021 12:09 PM

Hi JC195461, at the moment, that is hard coded as an 11 font size... I will see if I can make that a variable and what the implications are..... You are only talking about the label in the right margin?? I will email you, thx for including...

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