Volume/Stochastic/Reversal Bars
wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
I have found that it works especially well with Range Charts. I will say the Volume component has to be tuned down under 1.00 or a lot of triggers get filtered out. Probabably some enhancements could be made in that arena.
Caution should be taken on Trending days as a lot of false signals will be generated. It is best used as a supplement to other indicators.
This one has -
slingshot
stepmaSharky
OBV Diver
TripleEMA Dots (sharkys variation)
d9 PhaseShift
This uses the classic several indicators showing different things but confirming mantra -
ma stuff, price with detrended price(cycles), volume
partyPack has all the indicators. Just import with ninja utility.
The d9 Phaseshift is a variation with colorbars and cunparis' S/R lines (nice job cunparis)
To me simple is better..... I don't want to look at too many indicators. Besides, all indicators are doing is telling me is what the price is doing so.... why not learn to read price action? Some of the tools that help me do this are the 50 EMA and the 14 HMA with Sharky's ECO bars and a swing high/low.....that's it. Knowing what time of day is best to trade is also very helpful. 85% of daily price movement happens in the morning. So, for what it's worth.... here's my 2 cents. Check it out and let me know what you think.
This version of Ninja's Bar Timer will work with NT7.
Code will not work on NT6.5.
v3 Some Minor alterations and code tidying. Jan 24 2011.
v Forum Major change - now use Ctrl + Numbers to move clock around chart - see Notes inside code.
There is a video review ( 2 mins) here.
Update 8 Jan 2013. Corrected minor Font serialisation issue.
Features
Shows Clock and Bar lapsed time.
Alerts can be visual or sound based ( or both).
Clock works independently of OnBarUpdate().
The visual alert can 'flash' the whole screen, the clock area or just the text from a user defined interval before the end of the bar.
Is there an option to set the alarm sound to have the same property as the flash? It only sound off at the end of the ba
r.
Thanks
March 24th, 2011 06:52 PM jrayroc Thank you!
January 26th, 2011 09:27 PM fusion The indicator provides options for user to choose preferable alert duration, display type and flash type. It's really ni
ce!
June 11th, 2010 12:12 PM sam028 Very nice !!!
An enhanced version in the Codex, here, with Mike's comment on Zorder/opacity.