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Trigger Lines (amaTriggerLines)
Version 1.3 September 17, 2017
The
Trigger Lines
indicator is composed of two lines. The leading line is a linear regression indicator (LinReg). The lagging line or signal line is an exponential moving average (EMA) of the leading line.
This indicator comes with two different options for identifying and uptrend or downtrend:
Trigger line cross:
When the leading regression line crosses above the signal line, this is the beginning of an uptrend. Vice-versa the indicator signals a downtrend, as long as the leading line remains below the signal line.
Thrust bars:
An uptrend is detected via an upthrust bar that closes and has a median above both trigger lines. A downtrend follows a downthrust bar that closes and has a median below both trigger lines.
The second trend definition adapts faster to changing market conditions, but also produces a higher number of false signals. The trend can be shown via paint bars. The indicator further comes with sound alerts that will signal a trend change.
Category
NinjaTrader 8 Indicators and More
Details:
Trigger Lines (amaTriggerLines)
Category:
NinjaTrader 8 Indicators and More
October 30th, 2017
Size: 11.42 KB
Downloaded: 1858 times
Keywords:
ema
exponential
linreg
regression
triggerlines
trigger
1925
Fat Tails
View Download Details
December 21st, 2023 11:02 AM
ballhaj
Thank you!
July 10th, 2023 05:20 PM
Pickles1774
Thank you for sharing this indicator
May 3rd, 2023 06:04 AM
Bram Hulzebos
Dank je wel Thanks a nice indicator.
November 23rd, 2021 02:26 PM
Xanadu1
This is an awesome indicator. Thanks a lot.
Does anyone know if this indicator exists for TOS ?
Thanks
November 23rd, 2021 02:25 PM
Xanadu1
This is awesome -thanks a lot.
Does anyone know if such an indicator exists for TOS ?
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