August 13th, 2019
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selnomeria
Indicator updated to Version 2 2019-09-07
Managed to get this sorted out today (finally) for NT-8, with the help of a friend.
As the name implies this is a Delta Momentum indicator (similar to one of the Gomi tools we all used on NT-7).
One thing to note however is that this indicator uses the Order Flow Cumulative Delta that was built into the lifetime license version of NinjaTrader 8 so this will not work with some of the basic versions of the platform.
***Note***
I added some functionality that was missing in the original version (due to my lack of coding skills), this version gives the user the ability to choose the Delta Calculation Type, BidAsk or UpDownTick.
***Note-2***
I'm not sure why, but the file that will download has the original file name even though the indicator included is the corrected version-2.
I've been a fan of Better Renko bars for several years now and was looking for a way to identify when a Wick or a Tail on a Better Renko bar was larger than the setting I had chosen.
Eg., Using a 4 Better Renko bar setting on the ES and looking for Wicks or Tails that were 5 ticks or greater.
This little indicator will do that for you. It simply draws an Arrow symbol above or below the corresponding Wick or Tail.
When I trade the NQ I prefer a 3 Better Renko bar, I use the irWicksandTails indicator to highlight 4 tick Wicks or Tails.
I don't use them for trade entries, I just note when they start to show up and rely on their presence to help me discern a "short term" trend bias.
This indicator is for NT-8, and was compiled with Version 8.0.17.2 64 Bit
This version functionally replaces the previous version(s) described and available here but does not replace it when this version is installed. The previous version can be removed manually when and if desired.
Enhancements/Changes in Version 2
1. User can select from several MA types for the Moving Average plots, some of which are from Lizard Indicators made available by the GNU license. Credits to Lizard Indicators for both their indicators and the MA selection code.
2. When MA smoothing is selected the type can be an SMA, EMA, or the selected MA type. The smoothing period for each MA (fast, mid, and slow) can be set individually. A MA period of 0 eliminates the smoothing for that MA. Note: The Mid MA can be used as an intermediate period by specifying a value between the fast and slow periods. When the mid MA is requested with zero value for the period (default) will result in the mid period being calculated. If a period is specified and it is not between the fast and the slow the midpoint is calculated and used. No warning message is displayed.
3. The ability to apply volume filters (1-4) against the Net volume thereby limiting the Net volume histogram display a net bar only for the volume specified in the filter(s).
4. More control over how plots are displayed.
5. The divergence marker has been moved from the Total histogram to the Net histogram. This was done because the Total histogram can be turned off. The Net and/or Net filters must be active for the divergence marker to be displayed. If the Filter option is chosen without the Net plots being display the marker will only be display when there is a divergence on a filter value.|
6. The plot for the in-progress bar has its own color and can be user set. This plot is always displayed regardless of the display option selected.
7. This is not a change but a clarification as it also existed in the previous version. The position of the total line (above the line if a buy total and below the line if a sell total) is not based upon the last Close price but on the value (positive or negative) of the Net volume.
Similar to the previous version at times setting the Indicators region Type property to Logarithm is easier to read. The 2 instances of the indicator in the screen shot have the same operation modes set but the bottom one shows some of the ability to control what is displayed. without needing to independently setting each to transparent. If a particular display is turned off the values are still calculated and can be viewed in the Data Box.
Change Log
Date Description
April 12, 2019........Initial release
April 9th, 2020 12:28 PM Amir459 Thanks for sharing the indicator, I will give it a try.
January 6th, 2020 11:28 PM tehuff I have the same issue w/ delta sometimes. Thanks.
November 19th, 2019 11:35 AM micasa001 Compliments!
November 19th, 2019 10:56 AM datahogg Very helpful. Thanks.
November 15th, 2019 09:54 AM ralett Thanks for sharing the indicator. Quick question, what are you using to display the time/date/day/week/quarter on your c