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SuperDrive

Exported using NT Version 7.0.1000.2

This is an improved version of the drive indicator.

The indicator detects both volatility and momentum and shows the relationsship between bullish momentum or bearish momentum and volatility.

Volatility is measured via the absolute value of the indicator. You will notice, how it moves up during the day session and moves down during the night session.

Momentum is measured as the difference between the two lines. Positive momentum is shown as green and negative momentum is shown as red. The momentum is measured via the enhanced momentum indicator, which is included.

The lines are smoothed with a Hull moving average for display.

Category NinjaTrader 7 Indicators

Details: SuperDrive
Category: NinjaTrader 7 Indicators

January 12th, 2011
Size: 11.63 KB
Downloaded: 2074 times

Keywords: drive momentum trendfilter volatility

Comments/ratings

whoisthere48 January 12th, 2011 11:17 PM

Thanks Fat Tails!

I like the look and feel of this indicator. I've only used it for a couple of hours but I have found some good signals by stacking up four of them with fast to slow period settings of 5, 10, 20 and 50 and keeping the same smoothing of 3. After more use I may find other settings are better but for now, I'm happy.

By the way, I am also using my other favorite - Sharky's _ECO2New_PaintBars_Sharkypkg_2 just to confirm the entry.

Richard

kk240 January 13th, 2011 06:06 AM

thanks

Trafford January 13th, 2011 07:30 AM

Many thanks FT

PowerM January 13th, 2011 11:50 AM

Thaaaaaank U, Mister

MasterSS January 14th, 2011 10:30 AM

Thanks, Mister Fat Tails!

zultan January 14th, 2011 03:10 PM

thanks

brevco January 20th, 2011 11:00 AM

No Comment

Default User July 7th, 2011 05:57 PM

No Comment

MigFX June 23rd, 2012 09:29 PM

Thanks

CelticTiger November 25th, 2014 07:14 AM

Excellent!!

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