'Gapless' Collection V2.2
Updated for beta 11.
A collection of simple 'gapless' indicators to get you started with your own versions.
'Gapless' is simply this: it ignores the intra-day session gap. Why do this? Ever tried trend trading at the session open but having to wait for your EMA or RSI to catch up? As far as I'm concerned if I am not making money from the gap itself ie. holding a position overnight, then I want an indicator that will show me 'relative' direction from the opening bar.
* Useful for stocks, DAX, grains and those trading the RTH sessions. You could plot a ETH chart with a regular indicator next to a RTH chart with the gapless indicator for confirmation.
* The indicators have the 'option' to use the gapless concept, else they plot as usual.
* EOD type charts will plot as normal, it will automatically use the standard code.
Includes:
* Gapless EMA (Thanks to FatTails for this original NT7 code).
* Gapless SMA
* Gapless TEMA
* Gapless RSI
* Gapless CCI
* Gapless Macd
V2 Added:
* ADX
* Stochastics
* Double stochastics
* Natural Moving Average x 2
V2.2:
*Checked for NT8b9. Cleaned naming.
and also includes a 'gapless price proxy'. Use this as a replacement 'Input' for your panel indicators. It works for some but not for others, so there are limitations. Try on a regular Macd. Simply add the regular Macd indicator and select 'Input Series'> Indicators>Sim22_GaplessInputProxy. It will now ignore the gaps.
Category NinjaTrader 8 Indicators and More
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