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BMT CollectiveMA

UPDATED FEB 6 2010: v1.05 now includes Slope feature

(this is included in BMT Envelope Fib Bands)

The purpose of BMTCollectiveMA was to take the most commonly used moving averages and combine them into one. It is my belief that SMA 9, SMA 34, SMA 100, EMA 20, EMA 34 and EMA 100 are the most widely used.

While it is possible for people to use JMA and ZeroLagEMA and etc etc lately I've been focused on and moving towards trading a bigger picture, and part of that journey has taken me to trading only a 5 minute chart (or bigger) and focusing on what the most successful traders in the world are looking at.

So the idea was to collectively combine what "the collective" (these successful traders) are using to average them into one. It works terrifically with the BMT Envelope Fib indicator, which is what I use it with.

Why did I create it, or why do I think it's useful? Because I found EMA 20 to be very useful. But I also found EMA 100 useful. Oh, and SMA 9, and etc etc etc. They each have very useful properties. So I decided to put them all together and trade it that way.

I think it's most useful when used with the BMT Envelope Fib indicator because that indicator measures multiple S/R areas (envelopes) around price, and the very nature of the CollectiveMA means it will find more confluence in these areas than a single MA would.

Even though the idea behind BMTCollectiveMA is a simple one, please keep it for VIP members only. As you know, I try to reward VIP members for their support and want to keep these just between the group that has vested interest in the site.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES

Category The Elite Circle

Details: BMT CollectiveMA
Category: The Elite Circle

December 3rd, 2009
Size: 5.39 KB
Downloaded: 1811 times

Keywords: collectivema bmt

BMT Divergence

VIP members only! Do NOT distribute this to anyone else!

This is an improvement over the OBV Diver previously released to VIP members. The new BMT Diver has a lot of additional options as you can see from the screen shots below. There are more too but I only wanted to take so many screen shots.

Let me also say it will not repaint unless the Plot Style is Line. Using Dot or Hash for plotstyle will prevent repainting (which by default is uses a Dot).

** DO NOT DISTRIBUTE **

Thanks to the VIP members for all their support!

This will show divergence with the following:
SMA, EMA, HMA, JMA, WMA, VMA, ZeroLagEMA, VWAP, CCI, RSX, R, RSI, Bollinger, MACD, Elliot, LinReg, and ADL.

The zero line is important. It is wise to only take longs above the Zero Line, and shorts below it. Please note, the Diamonds/Squares below are different than the OBV Diver indicator previously released, I swapped them around a bit.

Blue dot = no divergence, buy - take note of zero line
Red dot = no divergence, sell short - take note of zero line
Cyan diamond = divergence, buy with caution or look for failure then sell short
Magenta square = divergence, short with caution or look for failure then buy long

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]

Category The Elite Circle

Details: BMT Divergence
Category: The Elite Circle

December 3rd, 2009
Size: 47.80 KB
Downloaded: 2351 times

Keywords: bmt divergence

BMT Divergence Indicator, Optimized

VIP Only, please do not distribute outside of the Elite Circle.

This an optimization of the December 2009 BMTDivergence Indicator. The code has been optimized by predefining the instances of the external indicators that are used.

For more complete information about this indicator including instructions for use, please see Big Mike's posting of the original version.: https://nexusfi.com/free_downloads/vip_elite_circle/207-download.html?view

Category The Elite Circle

Details: BMT Divergence Indicator, Optimized
Category: The Elite Circle

May 25th, 2010
Size: 49.50 KB
Downloaded: 1201 times

Keywords: obv optimzied zondor obvdiver diver

BMT Envelope Expansion Fib Bands v2.03

Attached is version 2.03. It does NOT work in NT 6.5 but does work in NT 7 with beta 22 or later.

Again, this is a major rewrite. Backup your old copy first, this one will overwrite it. If you don't like the new one you can go back to the old one this way.

There are two parameter options.

Multiplier - 1.0 is normal. If you feel the bands are too tight, you can raise this value, but it will no longer represent the real retracement levels of the daily ATR.

ATR Length - 7 is default. Lower will adapt more quickly to a changing market (like the recent huge fluctuations on CL). Higher will adapt slower.

I've added two extra bands to show the 100% and 161.8% levels. I've set the default colors the way I like them, which is different than the last version so take note. I also like the bands to blend into the chart, so the Alpha opacity is set for each plot.

You'll need to redo your template as the Plot names and settings have changed.

The histogram has been removed.

As far as I can tell, I've solved the math bugs. Please report any problems.

Mike

COMPATIBILITY:
NinjaTrader 6.5: NO
NinjaTrader 7.0: YES beta 22 or later only

Category The Elite Circle

Details: BMT Envelope Expansion Fib Bands v2.03
Category: The Elite Circle

November 19th, 2010
Size: 8.20 KB
Downloaded: 2048 times

Keywords: bands envelope fibonacci

BMT Envelope Expansion Fibonacci Bands v2.02

Attached is version 2.02. It works in NT 6.5 and NT 7 prior to beta 23.

For NT7 after beta 23, go here: https://nexusfi.com/free_downloads/vip_elite_circle/737-download.html?view

Again, this is a major rewrite. Backup your old copy first, this one will overwrite it. If you don't like the new one you can go back to the old one this way.

There are two parameter options.

Multiplier - 1.0 is normal. If you feel the bands are too tight, you can raise this value, but it will no longer represent the real retracement levels of the daily ATR.

ATR Length - 7 is default. Lower will adapt more quickly to a changing market (like the recent huge fluctuations on CL). Higher will adapt slower.

I've added two extra bands to show the 100% and 161.8% levels. I've set the default colors the way I like them, which is different than the last version so take note. I also like the bands to blend into the chart, so the Alpha opacity is set for each plot.

You'll need to redo your template as the Plot names and settings have changed.

The histogram has been removed.

As far as I can tell, I've solved the math bugs. Please report any problems.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES prior to beta 23 only

For NT7 after beta 23, go here: https://nexusfi.com/free_downloads/vip_elite_circle/737-download.html?view

Category The Elite Circle

Details: BMT Envelope Expansion Fibonacci Bands v2.02
Category: The Elite Circle

February 5th, 2010
Size: 7.79 KB
Downloaded: 1761 times

Keywords: bands bmt envelope fibonacci

BMT Envelope Fib Bands

Feb 5 2010: Version 2.02 is available here and is also NT7 compatible.

This is for VIP users only.

Please do NOT distribute!

As always, I spend my time developing indicators to give to the VIP community, since it is those within the VIP community that are supporting BMT. If you share this indicator with someone else or on another website, it hurts me.

This indicator allows you to choose an SMA, EMA, HMA, WMA, VWMA, JMA or ZeroLagEMA and then paint fibonacci levels above/below that price.

You can choose two calculation methods. Method 1 uses 34, 55, and 89 for bands. Method 2 uses 38.2, 50.0, and 61.8.

Attached are some screens.

Please give me some feedback and let me know what you think.

BTW, this indicator does not repaint and it does work correctly with COBC false.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NO [feedback]

Category The Elite Circle

Details: BMT Envelope Fib Bands
Category: The Elite Circle

December 3rd, 2009
Size: 26.87 KB
Downloaded: 1140 times

Keywords: bands envelope fibonacci bmt

BMT MAGIC

Moving Average Group Interactive Convergence (MAGIC)

I wrote this for VIP Members Only.

I noticed several members using multiple moving averages and looking for convergence between them. So, I wrote this indicator to combine up to six moving averages into a single display.

- Six moving averages in one
- Independently select Moving Average length, type, and use of Double*
- Scoring model: If >= 3 of 6 rising = Up, if >= 3 of 6 falling = Down, otherwise Neutral

* Double means extra smoothing by double-averaging the MA

The selectable MA types are: SMA, EMA, HMA, VMA, EhlersFilter, ADXVMA, ZeroLagEMA and JMA.

Attached are a few screen shots (MAGIC is the bottom panel). I was in a bit of a hurry so I didn't make the MA's an enum drop-down but it gets the job done. Also haven't done a lot of testing so let me know if bugs...

Enjoy.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]

Category The Elite Circle

Details: BMT MAGIC
Category: The Elite Circle

December 3rd, 2009
Size: 25.02 KB
Downloaded: 2100 times

Keywords: bmt magic ma

BMT OBV Divergence

Hello all,

Some recent posts have been talking about OBV. I have been on a Divergence kick lately, so decided I wanted to write an OBV Divergence indicator. It turned out pretty well, so I am releasing it here.

This is for VIP Users Only. Please do not share it or post it elsewhere.

Divergence is when one thing is doing the opposite of another thing.

Here, if OBV is rising, yet the period price is falling, that is a divergence down. It will print a Magenta square.

If OBV is falling, yet the period price is rising, that is divergence up. It will print a Cyan diamond.

What does this mean? It means 'watch out'. When divergence is printing you should be very careful with your trades. Once divergence STOPS printing, it is important to see how the divergence was reconciled. Was the next print afterwards a DOWN movement, or an UP movement? In general, you should trade in that direction.

But, there are a few things to remember. The zero line here is important. Below zero typical means shorts only, above zero typically longs only. As always you should rely on more than one time frame to make trade decisions.

In the screen shots, the OBV Diver is the bottom panel. Attached is the indicator as well. I look forward to your input. (btw, the top panel shows the Wave indicator which I also just published).

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES

Category The Elite Circle

Details: BMT OBV Divergence
Category: The Elite Circle

December 3rd, 2009
Size: 12.05 KB
Downloaded: 2785 times

Keywords: divergence obv volume bmt

BMT OBV On Balance Volume

Plot 1, 2, 3 and 4 should be invisible and are just used for color reference.

Let me know what you think.

Thread for discussion:
https://nexusfi.com/tradestation-easylanguage-programming/3463-easylanguage-balance-volume-balance-volume-indicator.html

Mike

Category MultiCharts

Details: BMT OBV On Balance Volume
Category: MultiCharts

April 6th, 2010
Size: 3.91 KB
Downloaded: 658 times

Keywords: easylanguage multicharts obv volume on balance

BMT PaintBar Close

This is the paintbar study I am using now, it colors bars based on Close -- nothing else, and it is hollow so works well for me with the bands.

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES(sam028)

Category The Elite Circle

Details: BMT PaintBar Close
Category: The Elite Circle

December 3rd, 2009
Size: 4.81 KB
Downloaded: 906 times

Keywords: close paintbar bmt

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