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Submitted by wwwingman
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ECIVwap

This tool includes few VWAP based indicators :
* ECIVwap
* ECIVwapAnchorVwap
* ECIVwapChannel
* ECIVwapBracket

Version 1.4 Compiled under V1210.

The ECIVwap computes Volume Weighted Average Price for Daily/Weekly/Monthly/Quarterly/Yearly periods, and draws extensions of previous periods.
Vwap computation tries to be as accurate as possible since using volume at all prices in each bar, and is compatible with Sierra Vwap when using "Base on Underlying Data" option.
This is also true for the standard deviation calculation.

The ECIVwapAnchor uses Vwap computation algorithm, but the start and end dates are can be set in different ways (manually, automatically, at major reversal points, etc.).

The ECIVwapChannel uses Vwap computation algorithm, but draws a vwap channel of a user based period number of bars.

The ECIVwapBracket uses Vwap computation algorithm, and draws a vwap until price breaks out of bottom/top levels 4 (excess levels).

To install : download and unzip the archive. Put the DLL in C:\SierraChart\Data .

ECIVwap tools are shipped under GPL and also available in the SierraChart contributed studies.

Happy trading

Category Sierra Chart

Details: ECIVwap
Category: Sierra Chart

December 11th, 2014
Size: 44.23 KB
Downloaded: 1083 times

ECIDiv V7 : Divergence detector

Please remove old version before installing this one.

Current version is V7

This indicator tries to detect price/indicator divergence.

Any indicator in Ninja can be used and detection is possible on historical and real time charts.
To set the user indicator : goto ECIDiv parameters / Data / Input Series and choose your indicator.
When the user indicator data uses multiple periods, the Plot input is used.

ECIDiv was designed for standard Ninja period types. Usage of other period types is not guaranteed nor supported.

The divergence computation uses local turning points (called pivots) calculated on the price and the user indicator input.
When price and indicator diverge (regular or hidden divergences) an audio and visual signal is given.
Size of pivot (number of bars to the left and right) is adjustable (default size is 1).

Reminder :
Regular Divergence occurs when :
* Long signal : price makes LL and indicator HL.
* Short signal: price makes HH and indicator LH.
Hidden Divergence occurs when :
* Long signal: price makes HL and indicator LL.
* Short signal : price makes LH and indicator HH.
(LL = Lower Low, HL = Higher Low, HH = Higher High, LH = Lower High).

ECIDiv draws the input indicator. If you don't want it to be drawn, simply set it to transparent.

The input method introduced in the V7 is based on the one used by the indicator DivergenceInputSeries (that you can also find in Big Mike Forum).

TODO :
* Continue watching Big Mike Trading users feedback.

Changelog
V7 : November 1st 2013
* Major Change/Enhancement : new input method. any indicator is accepted.
* Removed : Divergence target (buggy).
V6 :
* Change : CalculateOnBarClose default is now false
* Change : Removed dots from divergence drawings (users request)
V5 :
* Added Divergence logging for internal compatibility checks
* Added Logging for internal performance logging
V4 : December 7th, 2012 + Update March 3 2013
* Added TSI, RSI, MACD
* Enhanced variable periods : slow, fast, smooth
V3 : November 21, 2012
* Added adjustable sound alert file path.
* Enhanced signal colors (separate colors for HD/RD, divergence line width).
* Added divergence price target helper.
V2 : October 3rd, 2011
* Added REGULAR Divergence detection
* Added RSI indicator to the compatible indicators list
* Added adjustable pivot left and right size
* Added adjustable signal colors
V1 : September 30th, 2011
* Initial release with HIDDEN Divergence signals for CCI/Momentum/DoubleStochastics.

Exported and tested with NinjaTrader 7.0.1000.16.

Happy trading

Category The Elite Circle

Details: ECIDiv V7 : Divergence detector
Category: The Elite Circle

November 1st, 2013
Size: 6.93 KB
Downloaded: 8223 times