I use this indicator every day in my futures trading on 3min charts. It works on all time frames, and I often consult a higher timeframe to verify the more durable and lasting trend. You can scalp and take trend trades with it. I've used Woodie's CCI, but this indicator is sooooo much easier to read! It is totally unambiguous with extremely sensitive and clear cut signals that will keep you in a trend if you want. Simply stay long while the orange line stays above zero, and short while the orange line stays below zero. This one indicator is a complete trading system unto itself. It makes me $$$. You need to paper trade it a while to get used to it.
Here's the documentation from inside the indicator:
###################################
# Author = glennw forum: bigmiketrading.com
# Indicator Name: GW_TriDiff Version: 1.0
# Timeframe: Any
# This indicator is the plot of the difference
# between a triangular moving average and a
# weighted moving average. There is a fast and slow plot
# The slow plot denotes the longer term trend (cyan line)
# being above or below zero line.There is a cloud function to
# help visulize the longer term trend above and below the
# zeroline. (Red = downtrend, yellow = uptrend)
# You can use it to scalp by playing crossovers of the cyan
# line and the signal line (gray). The orange line being
# above/below zero is confirmation of the trade direction.
# You must wait for bar to close. Don't try to catch the
# exact top/bottom. Stop is low/high of signal bar or whatever you use.
# For higher probability trades only take setups in the
# direction of the longer term trend. I always exit when price breaks
# the low/high of the previous bar and crosses the 5 period offset moving
# average or crosses and closes above/below the 5 period ATR Stop with a
# 1.5 range multiplier.
###################################
March 13th, 2011
Size: 1.87 KB
Downloaded: 1835 times
862
glennw
Heiken Ashi Delta
Heiken Ashi bars were first introduced to the Western World in an article 'Using Heiken-Ashi Technique' in February 2004 issue of TASC magazine. They sure are pretty and a good visual for the trend.
Recently, I attended a seminar by the Author of the article explaining the construct and uses of the this indicator. I have never been a serious fan of this indicator because the price bars are synthetic and of little use to me for day trading.
However, I was really surprised that a derivative of this indicator, HA Delta, is actually a leading indicator showing direction changes 1-3 bars in advance. I think it is because of the range contraction and expansion. Crossing of a 3 period EMA provides a decent signal. Thus, the motivation for writing this indicator.
Also, HA Delta acting as a momentum provides excellent divergence opportunities. However, this indicator as usual can not be used in isolation but works great as confirmation for other trading methods.
November 18th, 2012
Size: 3.76 KB
Downloaded: 3254 times
1309
aligator
LATEST UPDATE SEPT 7 2010 V11 6.5 compliant.
Exported using 6.5.1000.16.
Review video of features here & here.
Further enhancement of my High Low Indicator.
Shows prior bar high and low and detects breakouts from it highlighting them visually and/or with sound.
The image saves me a thousand words
v10 Aug 12 2010
Added Inside Bar detection.
Added Key codes to make removing rectangle and/or text easier.
Added Bid Ask Lines Display.
Removed C = Current Ticks on range charts - seems redundant and takes up screen estate.
Widened rectangle.
v11. Sept 7 2010
Added HighestHigh/LowestLow of NBars as new type.
Added ability to displace box 1 bar to the left.
Widened Rectangle so there is no interference with Candlesticks.
Please remove all prior versions before installing the latest version.
July 14th, 2010
Size: 12.90 KB
Downloaded: 1217 times
556
Mindset
Version 1.0 January 14, 2019
The Hourly Pivots indicator applies the calculation used for daily floor pivots to intraday time frames. The indicator displays pivots for any selectable period of N minutes. All pivots are calculated from the high, low and close of the prior N-minute period. The pivots can be displayed as floor pivots, wide pivots or Fibonacci pivots. The indicator further plots the pivot range, which is a value area derived from the prior N-minute period.
The default setting of the indicator is 60 minutes. With default settings the indicator will display hourly pivots including the Main Pivot PP, Central Pivot CP, Directional Pivot DP, Pivot Range, R1, R2, R3, R4 S1, S2, S3 and S4. The first period always starts with the daily session break. Depending on the period selected, the last period of the session may terminate before completion. It will not carry over to the first period of the next session.
Pivot range: The pivot range is the range between CP and DP. It is a symmetrical range around the main pivot PP.
Prior high, low and close: The indicator also displays the high, low and close for the prior N-minute period. These levels often act as support or resistance for the consecutive N-minute period.
Pivot formulas:
All options: H = prior day high, L = prior day low, C = prior day close, X = H - L
Main Pivot: P = (H+L+C)/3
Central Pivot: CP = (H+L)/2
Directional Pivot: DP = 2*P - CP
Floor Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R1 + X, S3 = S1 - X, R4 = R3 + (P-L), S4 = S3 - (H-P)
Wide Pivots: P = (H+L+C)/3, R1 = 2*P - L, S1 = 2*P - H, R2 = P + X, S2 = P - X, R3 = R2 + X, S3 = S2 - X, R4 = R3 + X, S4 = S3 - X
Fibonacci Pivots: R1 = P + 0.382*X, S1 = P - 0.382*X, R2 = P + 0.618*X, S2 = P - 0.618*X, R3 = P + X, S3 = P - X, R4 = P + 1.382*X, S4 = P - 1.382*X
The indicator calculates pivots from any selectable period of N minutes. The first period starts with the session break. Depending on the indicator period selected the last period of the session can be an odd period. The pivots of the first period will not be calculated from the odd period, but from the full period deducted from the session break.
The default setting of the indicator is 60 minutes. With default settings the indicator will display hourly pivots including the main pivot PP, R1, R2, S1 and S2. Further levels can be added as an option.
The indicator is an easy to understand example of a multitimeframe indicator, as it loads a secondary bar series of 1-min bars, which is used to calculate the intraday pivots. The pivots will therefore always be calculated from a period of N minutes, not depending on the primary bars shown on the chart. If set to COBC = false, the pivot lines may show sligthly earlier, if applied to fast bars plotting during the first minute of the session.
Update January 21, 2012: Pivot range added. The pivots can now be aligned to the start of the trading day or the start of each session as per session template.
Update January 22, 2012: Bug removed. Please reinstall indicator.
Update February 23, 2014: The indicator did not work with datafeeds that do not plot a bar every minute during periods of lesser liquidity. Changed the architecture of the indicator and recoded it entirely.
Update April 28, 2018: The indicator was modified to allow for display of 1-minute pivots.
Attached is a paintbar indi for TradeStation to show Inside
and Outside bars - or rather TS' Engulfing and Harami bars.
The attached picture has inside bars light green & bright red,
outside bars dark green & red. It is just an example - not all
reversals are signaled as well as that !
As in the code, to specify a color, one then prepends
color.
to the color's name :
InDnColor(color.Red)
for instance.
If you're happy with TradeStation's range of colors, you can
remove every instance of
color.
The (amateur) code :
{ Candlestick PaintBar }
inputs: Length( 14) ,
InUpColor(color.Chartreuse) , InDnColor(color.Red) ,
OutUpColor(color.DarkGreen) , OutDnColor(color.FireBrick) ,
NmlUpColor(color.LightSeaGreen), NmlDnColor(color.LightSalmon) ,
variables: oBullishEngulfing( 0 ) , oBearishEngulfing( 0 ) , oBullishHarami(0) , oBearishHarami(0), barColor(blue) ;
Value1 = C_BullEng_BearEng( Length, oBullishEngulfing, oBearishEngulfing ) ;
Value2 = C_BullHar_BearHar( Length, oBullishHarami, oBearishHarami ) ;
if oBullishEngulfing = 1 then barColor = OutUpColor
else if oBullishHarami = 1 then barColor = InUpColor
else if oBearishEngulfing = 1 then barColor = OutDnColor
else if oBearishHarami = 1 then barColor = InDnColor
else if Close > Open then barColor = NmlUpColor
else if Close < Open then barColor = NmlDnColor ;
PlotPaintBar( High, Low, "InsOuts", barColor ) ;
The indicator displays the current open, the initial balance (IB) and upper and lower range bands that are calculated by adding and subtracting fractions of the initial balance to the IB high and IB low.
You can only use this indicator with an appropriate session template. The opening time will align itself to the start time of the RTH session, as specified via session template. The hybrid setting assumes that you want to use the 3rd intraday session as RTH session for FOREX and currency futures and the second session for all other instruments.
Example ES: Select a session template with the following sessions: Session 1 (night session) 15:30 - 8:30 Central Time, Session 2 (RTH) 8:30 - 15:15 Central Time. Select second session for opening range.
Select length of opening period: The length of the opening range can be selected via indicator dialogue box The default setting is 60 minutes.
Select Offset: With an offset of 00:00, the indicator aligns to the start of the selected session. If you enter a positive value for the offset, the opening range will be shifted forward from the session start. For example if you open a chart for ES with the session template US CME Index Futures, then the session (and the trading day) starts at 5:00 PM Central Time. To display an opening range for the regular session, you need to enter an offset of 15:30, because the regular session starts 15 hours and 30 minutes after the start of the trading day.
Multipliers for range bands: The multipliers for the upper and lower range bands can also be changed. The default settings for the bands are 0.5, 1 and 2, meaning that the first upper band is built from the IB high by adding half of the IB range, and similar for the other bands.
Developing range: Prior to the completion of the initial balance, the indicator plots the developing range in gray to show that the range is still incomplete.
Night session or pre-session range: The indicator also has an option to display the full night session, European or Asian session range. This feature is not used with the default settings. I did not add it on purpose, it was already part of the opening range indicator, and it was easier to leave it than to remove it.
European Session Range: You can select start and end time of the European Session in CET (Central European Time). The European Session is pre-configured for the time between 8:00 AM and 1:00 PM CET.
Asian Session Range: You can select start and end time of the Asian Session in TST (Tokyo Standard Time). The Asian Session is pre-configured for the time between 9:00 AM and 3:00 PM TST.
Update June 2, 2011: New signature for GetNextBeginEnd() implemented.
Update June 11, 2011: Small bug removed, indicator did not display opening range and pre-session range correctly during the training period (first bars of the chart, after scrolling to the left horizontally).
Update June 21, 2011: The indicator now works with half-pip FOREX feeds. Indicator dialogue box improved.
Update July 25, 2011: Serialization of the plots and indicator dialogue box changed.
Update January 24, 2012: Offset added, opening period no longer needs to be aligned to session start.
Update February 19, 2012: Option added to cut off the opening range at the next session break.
Update October 6, 2013: Minor bug removed, offset was not applied correctly on tick charts, when indicator was set to COBC = false.
Update October 24, 2013: Drop down property added for European and Asian Time Zone
Update December 8, 2013: Indicator partly recoded and custom plot added.
Indicator will only run on NT 7.0.1000.5 or later.
The indicator displays the current open, the initial balance (IB) and upper and lower range bands that are calculated by adding and subtracting fractions of the initial balance to the IB high and IB low. This version is a multi-timeframe (MTF) version of the standard Initial Balance Range Bands V42 indicator. The indicator adds a second minute bar series to the chart, which is used to calculate the initial balance. It has the following advantages over the standard version:
For tick, range and volume charts: The standard indicator may not display the initial balance correctly, if the last bar expands the initial balance and closes after the opening period. The MTF version of the indicator will display the initial balance correctly, even if the primary bar series does not contain the necessary information for its calculation. An example is shown on the chart attached.
Use with minute charts: You want to use this indicator with minute charts, if the opening period is not an integer multiple of the bar period. Example: You trade 7 min charts and your opening period is 30 minutes.
You can only use this indicator with an appropriate session template. The opening time will align itself to the start time of the RTH session, as specified via session template. The hybrid setting assumes that you want to use the 3rd intraday session as RTH session for FOREX and currency futures and the second session for all other instruments.
Example ES: Select a session template with the following sessions: Session 1 (night session) 15:30 - 8:30 Central Time, Session 2 (RTH) 8:30 - 15:15 Central Time. Select second session for opening range.
Select length of opening period: The length of the period for establishing the initial balance can be selected via indicator dialogue box. The default setting is 60 minutes.
Select Offset: With an offset of 00:00, the indicator aligns to the start of the selected session. If you enter a positive value for the offset, the opening range will be shifted forward from the session start. For example if you open a chart for ES with the session template US CME Index Futures, then the session (and the trading day) starts at 5:00 PM Central Time. To display an opening range for the regular session, you need to enter an offset of 15:30, because the regular session starts 15 hours and 30 minutes after the start of the trading day.
Multipliers for range bands: The multipliers for the upper and lower range bands can also be changed. The default settings for the bands are 0.5, 1 and 2, meaning that the first upper band is built from the IB high by adding half of the IB range, and similar for the other bands.
Display regular open or one-minute-range: The indicator allows to either display the regular open or the range of the first minute of trading after the start time selected for the opening range.
Developing range: Prior to the completion of the opening range, the indicator plots the developing range in gray to show that the range is still incomplete.
Night session or pre-session range: The indicator also has an option to display the full night session, European or Asian session range. This feature is not used with the default settings. I did not add it on purpose, it was already part of the opening range indicator, and it was easier to leave it than to remove it.
European Session Range: You can select start and end time of the European Session in CET (Central European Time). The European Session is pre-configured for the time between 8:00 AM and 1:00 PM CET.
Asian Session Range: You can select start and end time of the Asian Session in TST (Tokyo Standard Time). The Asian Session is pre-configured for the time between 9:00 AM and 3:00 PM TST.
Update July 25, 2011: Serialization of the plots and indicator dialogue box changed.
Update December 8, 2013: Indicator entirely recoded. Offset added, opening period no longer needs to be aligned to the session start. Drop down property added for time zones. Custom plot added.
Update March 15, 2015: Regular open and minute range were drawn back to start of trading day on tick charts. Bug removed.
October 1st, 2016 11:47 AM gentech Thank you so much for this indicator. I was trying to figure out how to code for this and just happened to find your ex
April 4th, 2017 09:44 PM Vedant Thank you Alligator. I downloaded it and am using it as a filter with NT7. Will provide feedback in a fortnight.
April 18th, 2016 08:45 PM akbrtrdr aligator,
Do you know how to get HA Delta with Sierra chart?
February 29th, 2016 09:40 AM no3putts Many thanks!
January 11th, 2016 04:21 AM kakelson5kids very good Thanks
March 4th, 2015 07:05 AM JGSmith I am trying to change this so that it will show a Histogram rather than the lines which I think would make it a bit easi
er on the eyes. But I am failing at doing so. Would you be able to create an update with the option for a histogram? Tha
September 23rd, 2016 07:30 PM BoltTrader I love this indicator so much that I downloaded it again to my new trading laptop! Thank you again!!!
June 27th, 2016 10:17 AM BoltTrader Super helpful! Thank you!!
August 19th, 2014 07:51 AM landau Great Idea! I'm still in the learning phase with support and resistance areas, and it looks like an excellent refining t
September 29th, 2016 08:14 AM sudhirc Thank you soo much, i don't even know that this indicator exists.
August 11th, 2016 07:27 AM makusan I applaud your efforts...unfortunately, due to the current Algo's, and loss of the pits, and market makers, there is a i
ncrease of UA. The Algo's are not required, or expected take trades. This renders UA's of little value.
Respectfully,
Makusan
July 3rd, 2016 08:05 PM DanTrader Thanks, Fantastic job!
April 15th, 2016 07:21 AM ropantu Hi All,
How can I install this indicator into NT7? Can you help me please?