Improvement:
-zones are in square shape.
-set value for buy zone, sell zone separately
-if you set buy zone color to transparent, both buy zone and buy bracket turn transparent.
Note: I set the buy/sell hash line to transparent to show the square zone better, all you have to do is set them to some color.
When having "Calculate on bar close" set to False with ShowObjects = True it will paint the objects correctly as price action moves.
Scenarios:
If price goes above the 200 line area, it will paint a lime object, if price drops below the 200 line, the object will change to a darkblue object.
If price is in the 100 line area, it will paint a maroon object, if price drops below the 100 line area, the object will be removed.
When having "Calculate on bar close" set to False and having ShowObjects set to True it will paint erroneous painted objects. The reason for this is when price action blasts off and the CCI (let's say) hits above the 200 line it will paint the lime object and if price action reverses on the same bar which brings the CCI below the 200 line the object that got painted will stay. I haven't quit figured out how to code that portion of the code.
It's best to have "Calculate on bar close" set to True with ShowObjects = True.
It's best to have "Calculate on bar close" set to False with ShowObjects = False.
This is a fantastic Volume based Trend indicator that i have found to be amazing.
It is i think by far, the best tracking volume indicator, i have seen through the years i have been trading.
I am trying to make a system that is based on the Green and Orange signals of effective volume (not the cyan ones) but i am no programmer so i can't do it .
I added the Zeller shark below as it matches through another avenue the signals i try to attain. As you can see they come pretty close, again as i can;t program i can't even make the _Zeller Shark indicator to fire the proper signals.
Imagine that even with the spikes of Zeller indicator and Effective voume combined
i get a decent autotrading system that keeps loosing money on the "bllody" spikes but makes it back afterwards on the runs.
I always use renko bars in all trading and autosystems i make.
So if anyone can make a system or a plain indicator that we can use from effective volume (green and orange signals) i would be really obliged.
Take care all and all the best.
Thanks Big Mike for an astounding site and effort...
Same SMI2 but this one won't repaint if you use a plot other than Line. If you use line, it will repaint 1 bar back to connect plots (like normal). But if you use something else, like a dot, it won't repaint.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
Requested by VIP user. This ADXVMA adds the ability to not re-paint 1 bar back if the plot style is not a line. So if you use Lines, they will repaint to connect the plots (like normal). But if you use something else, like Dots, they will not repaint.
Mike
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
August 4th, 2015 01:30 PM essiar Good indicator but a bit buggy. Does not always sound the diamond alerts and I'm not sure why. Other than that, extremel
y useful.
August 3rd, 2015 01:18 PM zionj TNX, GREAT Indicator
July 5th, 2012 12:28 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
July 5th, 2012 12:26 AM mmtrader4 This indicator is about as good as it gets. ADXVMA Alerts used along with anaSuperTrendU11 is as close to the grail as t
here is. So as to not clutter my chart, I use ADXVMA in a separate panel. It keeps me out of chop and warns of coming t
rend. If you'd like a screenshot or two let me know. (and I'll promise to pick a bad day to show how well it works even
on tough days)
a BIG THANKS!!
May 26th, 2012 06:42 PM Fame787 Thanks for sharing. It's a good guide in day trading.
September 20th, 2010 04:52 AM Jason11 Why does this plot an extra tail on the indicator line when it changes direction (color)in NT7 ? It is not a clean line