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Submitted by aligator
Found 12 matching entries

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Heiken Ashi Delta

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.

Enjoy!

Exported By:

NinjaTrader 7.0000.11

Category The Elite Circle

Details: Heiken Ashi Delta
Category: The Elite Circle

November 18th, 2012
Size: 3.76 KB
Downloaded: 3253 times

Toolbar Shortcut Indicator

Toolbar Shortcut

This is a really cool handy tool for traders who like to draw objects on their charts, such as fibs, channels, trend lines, text, markers, shapes, etc. This indicator will place a drawing toolbar on the left side margin of the chart for drawing chart objects with a single click, a feature currently missing in NT7.

Exported with NinjaTrader 7.0.1000.10
credit: NT Forum

Revision V1 - October 5, 2012

- Added additional buttons for Snap Mode, and Stay in Draw Mode
- Added code to prevent termination of the indicator if there is not sufficient bars.
- Thanks to @dorschden for pointing out the bug.

Exported with NinjaTrader 7.0.1000.11

Category NinjaTrader 7 Indicators

Details: Toolbar Shortcut Indicator
Category: NinjaTrader 7 Indicators

October 5th, 2012
Size: 3.17 KB
Downloaded: 2771 times

Gradient Color Bars Indicator

NT 7.0.1000.10

**Do not share, distribute, or modify the Gradient Color Bars Indicator or the idea for use outside the BMT Elite community or for commercial purposes**

Gradient Color Bars:

The concept of coloring bars is nothing new and everyone does it for certain filters. However, the idea for using gradient color bars to spot price divergence may not be new, but has gone un-noticed by many.

The fact that no one (I know, there will be some claims to the contrary) has been able to write a decent divergence indicator is because computers can only follow rules and limits. Human eye on the other hand can spot a bird in the sky whether it is 100 yards away or 99.99999 or 100.00001, regardless of the number of decimals (yes, provided the person is not blind).

So, it makes sense if one can spot divergence by subtle changes in the gradient coloring of the bars where a computer might miss because it was not instructed to �see.�

What I think is original about this indicator (for future claims) is applying the concept to a variety of conditions and filters to spot divergences (among other price behaviors) where the usual indicators and computers will miss most of the time.

This simple indicator has much potential. The current version is based on one filter. The goal is to bundle a number of filters and let the coloring be done based on the most relevant and promising filter. So, future versions will include other methods and filters for gradient color bars.

As with any indicator (Stoch, RSI, etc.), this filter cannot be used on its own alone. I am considering to use one version of this indicator for confirming price action and formations at different time frames as a trading tool.

This version includes candle outlines to better determine if a bar is an UP bar or a Down bar. The indicator is best viewed on a chart with Silver background.

Please refer to a thread with the same name for Color Gradient Divergence rules here:

https://nexusfi.com/elite-circle/20413-gradient-color-bars-6.html

Cheers!!

July 24 2012: New color options.
August 12 2012: Bugfix, Apparently a couple of members are having issues with the option for candle outline.

Category The Elite Circle

Details: Gradient Color Bars Indicator
Category: The Elite Circle

August 12th, 2012
Size: 11.33 KB
Downloaded: 2054 times

Time Alerts Indicator

Exported: NT 7.0.1000.10

Time Alerts Indicator

Note: This Zip file includes the zip file for the indicator and four sound files. Please unzip twice then import the indicator zip file into NT and copy the sound files in NT Sounds folder.

This indicator plays up to 4 alerts at diffrent times of the day specified by the user. The alerts are simply reminders of whatever the user wants to hear at certain times. The default Sound files are designed for:

1. Reminder for open time,
2. Reminder not to over trade,
3. Reminder to let Market come to you, and
4. Reminder to make sure proper setups are in place.

To play the attached default audio files, they need to be installed in NT Sounds folder. To play sound files of your choice, simply edit the code and replace the audio file names with file names of your choice and recompile.

Please do not share or distribute outsides BMT Elite Circle or use for any commercial purposes.

Enjoy!

Revision 1, June 24, 2012

Category The Elite Circle

Details: Time Alerts Indicator
Category: The Elite Circle

June 25th, 2012
Size: 483.29 KB
Downloaded: 507 times

Bar Time Indicator

Exported using NT Version 7.0.1000.9

Bar Time Indicator:
This indicator measures completion of a bar in seconds and colors a historhram based on how long it takes for the bar to complete. Red <= 10s, Cyan<=20, Blue<=30s, Orange=45s, Magenta<=60, and Black >60s. These numbers can be changed to one's liking.

Short time-bars mean a fluid market participation and movement, while tall or black bars mean a grinding and stagnating market, it is like watching grass grow (in relative terms) and time for a coffee or lunch break.

The indicator will work for any type of price bars except for real time bars (minute, hour, Day, etc.). But, it is best for short term and day trading with tick, volume, etc. bars. The indicator also draws a 60-Second horizontal line and a 9-period SMA of the time. High reading of the SMA gives a visual if the market is getting lazy. Best and less stressful is to trade when bars are short and colorful.

This indicator is intended for True Elite BMT Members, please use but do not steal to sell.

Enjoy!

Category NinjaTrader 7 Indicators

Details: Bar Time Indicator
Category: NinjaTrader 7 Indicators

March 30th, 2012
Size: 4.20 KB
Downloaded: 1346 times

Keywords: bars tick volume

KDJ Indicator

Exported Using NT7.0.1000.8

The first time that I saw KDJ Indicator it was part of the standard charting package on the main page used by TDAmeritrade. KDJ indicator is based on the standard Stochastics but it includes an extra line called J line.

The J line is a measure of divergence between %D and %K. The value of J can go beyond [0, 100] range. Values of J line over 100 or under 0 are supposedly the most bullish or bearish for larger swings (no wonder TDAmeritrade is using it for charting stock prices).

One needs to watch as the %D is in overbought and oversold areas (20 - 80). As long as the J line is beyond 0 and 100 percent and has not hooked up or down the price is going to remain in overbought or oversold area. One needs to consider to sell the overbought or buy the oversold when %D is above 80 or below 20 and J line begins to hook down or up. Other indicators such as momentum, volume, support and resistence, etc. need to be considered for confirmation.

Enjoy!

Category NinjaTrader 7 Indicators

Details: KDJ Indicator
Category: NinjaTrader 7 Indicators

January 31st, 2012
Size: 8.09 KB
Downloaded: 1270 times

Lentz Volatility Indicator_V1

I wrote this indicator based on an article in December 2011 Active Trader magazine on Lentz Volatility Indicator used for non-directional premium selling strategies.

The indicator is basically a measure of volatility where positive values suggest favorable conditions for non-directional premium selling. Negative values provide a warning against non-directional premium selling.

The indicator can also be used to determine whether the market is trending, ranging, or undecided.

Enjoy!

Exported using: NT7.0.1000.7

Category The Elite Circle

Details: Lentz Volatility Indicator_V1
Category: The Elite Circle

December 12th, 2011
Size: 6.15 KB
Downloaded: 632 times

Trend GRaBer

I wrote this indicator based on a chart setup used by Raghee Horner for trading currency pairs but it can be applied to any instrument. So, credit for the idea goes to Ms. Horner.

Although this indicator is very simple, it is very powerful when used correctly. The indicator is a trend following setup that will keep one out of choppy markets and on the right side of the trend.

It is helpful to watch one of Raghee's seminars on IBFX to understand how this indicator is applied.

Enjoy!!

Added on October 10, 2011:

Here is a link to free Raghee Horner's eBook on this setup.

https://www.dailyforextradingedge.com/sites/default/files/ebook.pdf

Added on November 2, 2011

When I see Raghee in a couple of weeks in Traders' Expo in Las Vegas I will discuss specifics of this setup and report back.

Also, will tell her that "Tiberius" said" You didn't tell me that Raghee was so good looking. Because she is."

Added on November 6, 2011
Revised to add shading to show EMA as a band. Just replace the older version.

Exported using:

NT 7.0.10000.7

Category The Elite Circle

Details: Trend GRaBer
Category: The Elite Circle

October 7th, 2011
Size: 4.50 KB
Downloaded: 2826 times

Note Pannel

Exported using NT7.00006.

Here is an interesting indicator for placing notes on a chart. Credit goes to Snaphook on Ninja Forum. It can be dropped on the main panel or a panel of its own. You can write up to 10 comments in various color and font sizes.

I find it very useful to list my rules as a reminder on my trading chart.

The attached example screenshot shows Roger Felton's entry and money management rules discussed in his last BMT webinar. Here I have used a Panel Left Edge offset of 530.

I am posting in BMT Elite Section to show Roger's trading rules, otherwise the indicator is public on Ninja Forum downloads.

Enjoy and thank Snaphook!

Category The Elite Circle

Details: Note Pannel
Category: The Elite Circle

July 29th, 2011
Size: 3.76 KB
Downloaded: 545 times

Keywords: panel note

Identifying Cup Formation Early

Here are two indicators for the "Identifying Cup Formation Early" by Giorgos E. Silligardos, PhD in April 2011 issue of Technical Analysis of Stocks and Commodities. Silligardos has another excellent article in a past TASC issue (Feb 2006) on formation of Cup and Handle with the code for Metastock. His articles are some of the best that I have seen in TASC during the past 25 years. These indicators help identify formation of C&H in their early phase.

Exported using: NT 7.0.1000.4

Import the zip file into NT 7. Two files, "SemiCup" and "SemiCupInternal" will be added to your indicator window and they need to be plotted together for the concept.

Note: These indicators seem to be more applicable for position trading rather than day-trading.

Category NinjaTrader 7 Indicators

Details: Identifying Cup Formation Early
Category: NinjaTrader 7 Indicators

March 31st, 2011
Size: 5.04 KB
Downloaded: 817 times

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