NinjaTrader 7 Indicators - SuperDrive
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NinjaTrader 7 Indicators
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SuperDrive 5 *
Exported using NT Version 7.0.1000.2

This is an improved version of the drive indicator.

The indicator detects both volatility and momentum and shows the relationsship between bullish momentum or bearish momentum and volatility.

Volatility is measured via the absolute value of the indicator. You will notice, how it moves up during the day session and moves down during the night session.

Momentum is measured as the difference between the two lines. Positive momentum is shown as green and negative momentum is shown as red. The momentum is measured via the enhanced momentum indicator, which is included.

The lines are smoothed with a Hull moving average for display.


Category NinjaTrader 7 Indicators 
 
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Details: SuperDrive
Category: NinjaTrader 7 Indicators 


January 12th, 2011
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Keywords: drive momentum trendfilter volatility
 


 
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