Author: radi8
Trading Group Affiliation: TeamPIPPEdge
Nope this isn't that special, but it dovetails with the MACDcolor indicator I posted. This is similar to several commercially available indicators. Single plot Stochastic with colors.
This does expose all the native stochastic data series, which others do not, so you can pull the D or K value if you need to. Also, this has several advanced alert features, including the ability to only trigger alerts during defined periods of the day.
I like to keep it simple and I like when my indicators agree. The posted image shows the gemMACDcolor and the gemStochasticColor indicators superimposed. I like it when the Stoch crosses over the MACD and both are in OB/OS territory.
Submitted image shows the gemMACDcolor and the gemStochasticColor indicators on a LogikUltimateRenko chart.
Cheers!
radi8
NOTE: To superimpose the MACD and Stochastics plots, as shown in the example, simply set the display panels to the same number or drag one plot on top of the other.
UPDATE (1/31/17)
I found a small bug with the time logic that I corrected. The indicator is otherwise unchanged. If you would like the indicator to generate signals at all times then set all the time bin values to -1.
Category NinjaTrader 7 Indicators
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