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SMARSIwithStochAlertsV2 5 *
Exported using NT6.5.1000.9

This is a MOD of the SMARSI indicator that will plot RSI dots on a SMA when RSI is above/below the alert level.

The basic indicator has four inputs: the SMA setting (default is 21 period), the RSI setting (21 period), and the upper and lower level alerts (set at 43 and 57).

The MOD on this indicator is the addition of BLACK background dots behind the RED or GREEN dots when the RSI condition is TRUE (showing market pressure) AND Stochastics has made a pullback in the opposite direction.

The appearence of the BLACK background dots will alert to a pullback in a trend OR the end of a trend.

The Stochastic used in this indicator is the Double Stochastic Mod. The default setting for the Period is 10 and the EMA is set to 2. These settings are designed to catch fast pullbacks.

In addition to these settings are the upper and lower level ALERTS (default settings are 20 and 80).

All settings can be changed in the Parameters section.

The RSI 'dots' will only print when the SMA is Rising/Falling in the same direction as the trend (borrowed from jabeztrading's MOD).

V2 Edit The only change is in the parameters section, now the inputs are coded in order.

To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file


Category NinjaTrader 6.5 Indicators 
 
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Details: SMARSIwithStochAlertsV2
Category: NinjaTrader 6.5 Indicators 


November 16th, 2010
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Comments/ratings
5 * jabeztrading November 16th, 2010 01:52 PM
Looking good TraderAZ. I think you've started something here. Maybe others will come with other ideas and expand on this indicator.

Thank you
5 * greathopes December 1st, 2010 01:30 PM
Looks fantastic I cant wait to check it out. Nice pullback entry visual. Thanks man!
5 * peakskill January 19th, 2011 08:14 AM
Very helpful. Thanks!

 
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