A real time only version of this indicator was posted on the Ninjatrader forums by Dave S. in February. Naturally I couldn't resist the temptation to make it work with the GomRecorder.
The bars are colored blue for positive deltas and red for negative deltas. The saturation is proportional to the ratio of delta to total volume. Lighter color bars have lower deltas, and white bars have deltas near zero.
The trades that are counted can be filtered by the Minimum and Maximum Trade Size settings.
It seems to work well on Renko charts, where you can see the balance of power shift at congested areas that become reversals.
An implementation of the Elder Impulse trading system. Includes support for a second, higher time frame period for determining trend and momentum. The background is painted pink when the higher time frame trend and momentum is down, and green when it is up. The rules for entering and exiting a trade are described here on Investopedia.
This indicator plots floor pivots such as S1/S2, and R1/R2, plus the PP.
You can configure the start/stop time so if you like to use a 24h chart but only plot RTH pivots, you can do that. You can also turn on/off weekends.
You can control if the text is placed to the right or left of the pivot marker. You can also control the plot style (solid, dashed, dotted, etc) and the colors of each plot.
Graphs ATR (green line) and the size of the corresponding bar in yellow ( |High-Low| ). Can be useful in determining if a signal bar of large enough to take by visualizing it's size relative to ATR. Was introduced here.
An optimized, ultra fast loading version using optimization techniques from the article on MoveTheMarkets, as referenced in the Optimize C# thread of the Forums.
Version 1.4 uploaded on May 30 should work with NT6.5 as well as NT7. Tested out OK here, please send me a PM if any problems.
Adapted from Blau's Momentum/Direction/Divergence by zoltran (Wes S.) and optimized by Zondor (ZondorŪ)
Here are the "rules" for using this.. take them with a grain of salt! Never rely wholly on indicators, nor on a single time frame!
Enter or hold position only when slope of ECO2New3 Signal line has the same direction as the trend
Stand aside when slope of ECO2New3 Signal Line is in the opposite direction of trend
Enter or exit position when ECO2New3 and its Signal Line cross
The magenta dot shows when the ECO2New3 is 'inside' its signal line, indicating failing momentum.
This indicator allows a user to draw a horizontal line on the chart and have an audio alert wav file sound when the line is pierced (either from above or below).
I did not originate this indicator. It is a modification of NT's native price alert indicator. NT's original indicator (available in your preloaded indicator set) only gives you an alert in their alert window which I didn't find particularly helpful. Roonius made this NT7 version possible. The NT6.5 version does not work in NT7 because NT7 does not use the "drawobject" command.
How to make this indicator work for you:
Insert this indicator twice into your chart indicator set.
Add audio file names to each. I use the same audio file for both boxes in each indicator.
In one indicator, choose uptrend = "true"
In the 2nd indicator, chose uptrend "false"
You will want to choose "false" for Calc on Bar close for both indicators.
For audio files, type in the name of an audio file that you know exists in your program files/ninjatrader 7/ sounds folder.
September 24th, 2011 09:12 AM visionone Nice work. Has anyone built a strategy around this indicator? I am new to NT and interested in trying to backtest a stra
tegy using this indicator. Appreciate any suggestions or pointers.
September 7th, 2011 05:46 AM dbnaegele Nice work--thanks!
March 7th, 2011 02:47 PM kevinhenjum Really useful indicator.
November 21st, 2010 04:29 PM Trafford Nice indicator - used in conjunction with say Delta Momentum indicator this works very well, price, and net Buy and Sell
October 18th, 2018 11:53 AM marcelo203 Thanks very good indicator.
December 29th, 2014 11:48 AM jlmurcia Thanks for this visual indicator, particularly helpful to spot price reversals in support/resistance areas.
August 25th, 2014 11:48 AM OpalDragon pretty awesome Zondor -- but I think we can make it better if we combine this with other studies or systems!
Great Work Zondor. <<< Wanted to edit my original comment because it could be misconstrued >>> These bars/modifications
are freakin awesome..
April 18th, 2012 01:44 PM sigmatrader Does the Trade Size filter work on this code? I've tried changing the Maximum Trade Size and Minimum Trade Size and see
no difference in the color bars. I understand that the code is based on the delta_ratio of (buyvolume-sellvolume)/(buy
volume+sellvolume). I've formatted the dataseries with black up bars and black downbars and then applied theBuy/Sell co
lor Bars indicator with the defaults of max size 1000 and min size 1. Then I tried increasing min size from 1 up to 100
0 and did not see any changes in the color bar shading. I also tried leaving the min size at 1 and decreasing the max s
ize from 1000 down to 1 and again no change in the color bar shading. Any ideas?