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gbTimeSeriesForecastPosNeg
gbTimeSeriesForecastPosNeg (Ver 1.1) by TraderGB, March 8, 2021
In the process of coding gbMAxMTFx4, I had to go through each average/filter indicator that this script called and see what the minimum value was for length. To my surprise the stock Time Series Forecast (TSF) that comes with NT8 allows the Forecast input to be negative down to -10. I thought that was interesting and is what inspired this indicator.
Concept
:
The basic idea here is to plot both a positive and negative time series forecast for a given length. It follows this rule for trend:
* Trend changes to UP when both positive and negative TSF rise together.
* Trend changes to DOWN when both positive and negative TSF fall together.
Input
:
* PosForecastValue can be an integer between 1 and 10.
* NegForecastValue can be an integer between -1 and -10.
* Usually you'll want to have the same pos/neg forecast value, one positive and one negative (i.e., 3 and -3). But, this indicator allows you to input different values for this (i.e., 3 and -4).
Options
:
There are many options on how you choose to decorate this indicator:
* Allows color/opacity rising or falling for plots, shade area, bar body, bar outline, background, and hi/lo line.
* Hi/Lo Lines are just the lines that extend to the right of both the TSF plots.
* Option to turn on/off coloring for plots, shade area, and bars.
* Hi/Lo lines have options to turn on/off, line style, and line width.
Updates
:
Ver 1.1 (03/19/21): Fixed bug with saving template
Category
NinjaTrader 8 Indicators and More
Details:
gbTimeSeriesForecastPosNeg
Category:
NinjaTrader 8 Indicators and More
March 8th, 2021
Size: 6.85 KB
Downloaded: 592 times
2333
TraderGB
Comments/ratings
zohar
March 9th, 2021 05:44 PM
thanks
phasganon
March 9th, 2021 06:55 PM
Thank you
tcwairoa
March 10th, 2021 02:22 AM
Many thanks
Buscador
March 16th, 2021 11:20 AM
No Comment
bobc635
March 16th, 2021 06:50 PM
Looks very interesting... Thanks!
cv2low
March 18th, 2021 03:03 PM
No Comment
lager2
March 26th, 2021 01:35 PM
Awesome tool!
drakebauer
May 14th, 2021 11:09 AM
No Comment
tapit69
July 14th, 2022 02:01 PM
Outstanding.. Thanks very much.
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