NinjaTrader 8 Indicators and More - gbCompositeIndex
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NinjaTrader 8 Indicators and More
Indicators and Files in this section are compatible with NinjaTrader 8

gbCompositeIndex 5 *
gbCompositeIndex Ver 1.0, TraderGB, March 17, 2021

This is Constance Brown's Composite Index

Momentum(RSI(Close, 14), 9) + SMA(RSI(Close, 3), 3)

It has two parts that are added together:
(a) A 9-period Momentum on a 14-period RSI
(b) A 3-period SMA on a 3-period RSI

The result is an unbounded RSI that better catches divergences than the traditional RSI indicator.

Note: This indicator uses Input rather than Close. Thus, you can feed any indicator into this indicator (i.e., On Balance Volume, etc).

Presentation Mode Options:
(1) Traditional : Shows traditional Composite Index
(2) Traditional with Bands: Shows traditional Composite Index with Bollinger Bands
(3) ZScore : Shows Composite Index in Z-Score


Category NinjaTrader 8 Indicators and More 
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March 17th, 2021
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