Description:
gbDWAP is the Delta Volume Weighted Average Price. I was interested in what it would look like if regular volume in VWAP was replaced with the 'absolute value' of the delta volume. Note, since delta volume can be either positive or negative, the absolute value is used rather than the signed value. The Typical price is used in the calculation for this indicator.
The attached chart shows VWAP (Yellow), DWAP-BidAsk (Cyan), and DWAP-UpDownTick (Pink) side-by-side so you can see how they appear relative to one another. At this point, this indicator is only an experiment born out of curiosity and I have not studied it much to determine what value it may have, if any. My initial thought is that it adds no additional value over VWAP.
Notes:
1) Make sure you enable Tick Replay for this indicator.
2) This indicator requires that you have the NT8 OrderFlowCumulativeDelta indicator. If you have the NinjaTrader Lifetime license you should have this.
Parameters:
* DeltaType: Base the DWAP on either BidAsk or UpDownTick
June 25th, 2021
Size: 2.49 KB
Downloaded: 613 times
2391
TraderGB
gbPriceReferenceATR, Ver 1.0, TraderGB, June 24, 2021
Description:
Shows current price in relation to ATR reference points. The anchor point where the ATR calculations are pinned to can be the Close, High, Low, Median, Open, Typical or Weighted price of the current bar or any bar in the past. ATR calculations are always made from the prior bar to the current bar. No matter what price and bar is selected, the upper/lower reference lines are calculated by adding/subtracting half the ATR factor (ATR * MultipleATR) from the given price/bar anchor point.
Parameters:
* LookbackATR: Length for the ATR calculation (default=10)
* MultipleATR: Multiple used for ATR calculation (default=1)
* AnchorPoint: Price to use to anchor ATR calculations to (default=Median)
* BarsBack: Bar to use for anchor ATR calculations to (default=0)
Description:
Highlights bars with above normal range and volume.
Notes:
1) This indicator is designed to be used on bars that vary in range and volume. Thus, it is not intended to be used with bars with constant range or volume (for example, range bars or volume bars).
2) WAV files are within included zip file. You'll have to manually copy and paste these files to your sound folder within NT8 (for example, C:\Program Files (x86)\NinjaTrader 8\sounds).
Parameters:
* AverageLookback: Lookback period to determine what is normal or typical.
* DevType: Deviation type: ATR or StdDev (default=StdDev)
* RangeMultiple: Threshold multiple above normal range (min=1, default=2)
* VolumeMultiple: Threshold multiple above normal volume (min=1, default=2)
MajorBar Plot Values:
0 = not a major bar
1 = major bar up
-1 = major bar down
Included sound files for alerts (place in NT sound folder):
MajorBarUp.wav
MajorBarDown.wav
June 11th, 2021
Size: 4.63 KB
Downloaded: 220 times
2386
jpygbp
gbBuySellPressure, Ver 1.0, TraderGB, June 4, 2021
Make sure you have Tick Replay on when using this indicator.
Description: This is the stock NT8 BuySellPressure indicator with the following modifications (requested by cshrum):
1) Re-scaled between -100 and +100 (was between 0 and 100)
2) Buy pressure appears above zero and sell pressure appears below zero
3) Changed line sytle from line to bar
4) Added addtional reference lines (+50 to +100 and -50 to -100)
5) Added divergence marker on price panel (optional)
6) Added divergence marker on pressure panel (optional)
June 4th, 2021
Size: 3.25 KB
Downloaded: 474 times
2385
TraderGB
HorizontalTick, Ver 1.0, TraderGB, June 4, 2021
Description:
Drawing tool that draws a short horizontal line. I use this to mark off confirmed swing highs and lows, but you may find it useful for other purposes.
June 4th, 2021
Size: 3.89 KB
Downloaded: 290 times
2384
TraderGB
gbStochRSIv2, Ver 2.0, TraderGB, July 7, 2021
Description:
This is the Stochastic RSI oscillator by Chande and Kroll. Most implementations of this indicator use only a single length for both RSI and Stochastic calculations. This implementation allows separate input for each. In addition, an input is included for weighted smoothing of the results, which is actually double smooth. The results are adjusted to range between +100 and -100. A common calculation used by Ehlers to do signal lines is employed here.
References:
* The New Technical Trader, Tushar S. Chande and Stanley Kroll, 1994, p 124-133
Updates:
2021-05-30: Added opacity for plots.
2021-07-07: (Ver 2.0) Made updates on color/opacity/alerts per request.
May 30th, 2021
Size: 11.57 KB
Downloaded: 465 times
2383
TraderGB
gbRevEngRSITrend, Ver 1.0, TraderGB, May 29, 2021
Description:
Uses the Reverse Engineered RSI indicator to determine trend. Fifty on the RSI marks the point where the average of up closes is equal to the average of down closes. If the RSI is above this point the average of the up closes is greater that the down closes and vice versa. Instead of using 50 as the point of demarcation, this indicator accounts for noise by defining upper and lower boundaries above and below 50 (default of 52 for upper and 48 for lower). An uptrend is signaled when a low is printed above the upper boundary plot and a downtrend when a high is printed below the lower boundary plot.
Plots for standard deviation or ATR bands are an additional option that can be employed. The upper deviation plot is a multiple of the StdDev or ATR added to the upper boundary plot. The lower deviation plot uses this same deviation value and subtracts it from the lower boundary plot.
August 29th, 2023 01:37 PM Maxie thanks for sharing
June 20th, 2023 01:01 PM peter1 Thank you for sharing it.
December 3rd, 2022 03:02 PM candy
November 28th, 2022 08:58 AM ballhaj Awsome indicator thanks
October 9th, 2021 12:15 PM racecarjw GB, your mind works in a strange but good way. I cant wait to try this out in real market conditions. Thank you for shar
December 29th, 2022 05:37 PM sigmatrader This can be useful with its normalization and divergence.
January 28th, 2022 02:48 PM mjones11 Excellent indicator!!
June 8th, 2021 10:55 AM bmaran Thanks for this indicator. I am testing this and I see the triangles for divergence on the top panel are printing only o
n refresh. Also I have noticed that short divergence are not printing always.
January 28th, 2022 02:23 AM muniz182 The best indicator ever... If you combine with GB volume reverse probably you will make good trades... Thanks GB!!!
September 9th, 2021 06:58 AM nothingbutprofits I experiment your indicator - and agreed with your assessment about the delta type (bidask/updowntick) - not much differ
ence from original VWAP. Thanks for your experiment..as I learned from it.