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AlMaCrossers Indicator (MACD and SMAs)

Hello there,

The AlMaCrossers indicator is my first attempt to build a trading bot. The logic still not finished but the indicator will signal potential entries and exits (I using it on micros and e-mini futures) that one has to assess before taking the real trade.

The indicator takes into account two other indicator types: MACD and SMA.

SMAs are 4, 8, and 15.

The algorithm will (each tick):
1. evaluate if the 4EMA has crossover the 15
2. evaluate if the MACD crossed over the signal
3. evaluate if the MACD histogram is greater than the value (parameter) specified by the user. I made this one flexible because the values vary depending on the instrument.
4. evaluate the steepness of the 4EMA which should be greater than the specified by the user.

I'm working on some other dynamic values to improve accuracy on entries and exists.

Note:
- The indicator won't generate another signal (Long nor short) until the current position is closed!
- The entry (and exit) price s plotted along with a small green (red for shorts) triangle.
- The Exit signal will plot the PnL of the trade.

Category NinjaTrader 8 Indicators and More

Details: AlMaCrossers Indicator (MACD and SMAs)
Category: NinjaTrader 8 Indicators and More

April 24th, 2021
Size: 9.49 KB
Downloaded: 1091 times

Keywords: crossover indicator macd nt8 sma strategy

Comments/ratings

master trader April 25th, 2021 10:52 PM

Looking good, thanks

JadeL April 28th, 2021 07:28 AM

No Comment

sukhsan April 28th, 2021 09:23 PM

No Comment

Konrad1983 May 3rd, 2021 04:49 AM

No Comment

reddyvasu July 28th, 2021 06:06 PM

Looking good, thanks, is there a way to remove the sound alert, Please share if you have any updates over the current one , happy to try out

newell September 26th, 2021 08:34 AM

Thank you! I came here to see if some one was working on this

daytrader2021 January 10th, 2022 01:33 PM

This is by far the best indicator I have downloaded from this site. Only ask would be a way to move the text out of the way without going to properties. Outside of that love it.

alesiosc June 25th, 2022 06:09 AM

No Comment

sunshnpeg September 1st, 2023 05:30 PM

No Comment

topdogtony December 4th, 2023 07:45 PM

Hello - you did a fantastic job on this indicator I use it on the 5 min chart, if I can make a suggestion or 2, 1st regarding the alert can you code the ability to use alert of choice. 2nd can you include as an extra confirmation signal an RSI and Divergence? Sorry if I'm asking too much you already have done a great job-------Thank you.

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