This is the original Pattern Recognition, with minor changes : the text and the arrow distance from the candle can be set. Also the text can be hide.
Simple Strategy:
Buy when KeltnerMulticolor midband is green (uptrend), and the price reverse right to the lower band and bullish pattern appears.
Exit at the opposite band.
Sell when midband is red (downtrend), and the price reverse to the upper band and bearish pattern appears.
Exit at the opposite band.
To Import 1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
When having "Calculate on bar close" set to False and having ShowObjects set to True it will paint erroneous painted objects. The reason for this is when price action blasts off and the CCI (let's say) hits above the 200 line it will paint the lime object and if price action reverses on the same bar which brings the CCI below the 200 line the object that got painted will stay. I haven't quit figured out how to code that portion of the code.
It's best to have "Calculate on bar close" set to True with ShowObjects = True.
It's best to have "Calculate on bar close" set to False with ShowObjects = False.
When having "Calculate on bar close" set to False with ShowObjects = True it will paint the objects correctly as price action moves.
Scenarios:
If price goes above the 200 line area, it will paint a lime object, if price drops below the 200 line, the object will change to a darkblue object.
If price is in the 100 line area, it will paint a maroon object, if price drops below the 100 line area, the object will be removed.
Lifted from the BetterVolume2 Indicator available on the Ninja Forum and originally written by Barry Taylor and available for free, this one features a few additions including:
some of Cory's volume stop work;
some additional patterns (many of them experimental) which track various combination such as down bar, then churn, then up bar. Small-size wingdings are used to highlight such signals which can easily be turned off once they are learned and/or different ones added.
This is not nearly as sophisticated as many of the live-updating buysell/delta indies out there. The Tradestation version of BetterVolume does a good job of reading up and down ticks but this is much tricker in Ninja and this indicator was not programmed that way (though at this point I think it could/should be) with less difficulty than a year or so ago since more independent programmers out there have shared so much stuff.
To activate the volume signals, change the MA Period from 20 to 21. Then read through the Descriptions for the other options. It's fairly straightforward.
The attached pic shows two version of BetterVolume2 which I had up to ensure this latest version with a different name (so as not to over-write the original BetterVolume2 on others computers) was working correctly.
The Center Of Gravity Oscillator by John F. Ehlers
Here’s an indicator that identifies every major turning point without much lag.
This new oscillator is unique in that it is smoothed and has essentially zero lag. The smoothing enables clear identification of turning points, and the zero lag aspect means action can be taken early in the move. This oscillator is the serendipitous result of my research into adaptive filters. While the filters have not yet produced the results I am seeking, this oscillator has substantial advantages over conventional oscillators used in technical analysis.
Plots lines at user defined values. Not sure where I had found this indicator but it comes in handy while placing your own lines on a chart. Lines are totally customizable.
February 8th, 2011 08:20 PM allofpm what is this chanel indicator youhave on your chart?
December 30th, 2010 06:41 PM Southsea Thanks for the indicator, but I can't download it because it's a cs file. Can you provide it in a zip format? Thanks s
o much!
December 11th, 2010 03:25 PM greathopes Wow I love this indicator sorry but I cant get it to run on Ninja 7.0. It loads but I can't find it in th
e indicator list. It says to close and reopen ninja to get it but to no avail...