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Submitted by NW27
Found 10 matching entries

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NWT Session Ribbon Ver1

An indicator along the bottom that displays up to 3 different session times.

Category MultiCharts

Details: NWT Session Ribbon Ver1
Category: MultiCharts

November 24th, 2012
Size: 5.98 KB
Downloaded: 263 times

NWT MA Trend Filter Ver2

The "NWT MA Trend Filter Ver2" is an indicator that can be added to a chart to show the direction of the trend. Apart from showing the usual Green = UpTrend, Red = DnTrend it can also show you Blue=Sideways action.
In order to differentiate between a Up/Dn trend and sideways action, we need to look at more then just the slope of the MA. This is where the idea of bands comes into play. As seen on the example chart and it's associated properties, if the price goes outside of the bands, the MA changes to display the relevant direction. If the price stays inside the bands for greater than the Sideways_Period, then we have sideways action, so the MA is painted blue.
The MA Type ie S,E,W,Z and the MA_Length and the MA Price ie "C" or (H+L)/2 may be defined. The bands and their visibilty may also be defined. In this example they are 1*ATR(14) from the MA.
The remaining parameter relates to a minimum price movement ie where the price is extremely small ie night time, then paint the MA Blue. If you just want a colored Up/Dn (Green/Red) indicator and no blue, then make the "Band_Distance" = 0 and the Minimum_Band=0.

Category MultiCharts

Details: NWT MA Trend Filter Ver2
Category: MultiCharts

November 24th, 2012
Size: 13.67 KB
Downloaded: 416 times

System Performance Summary - Ver1

I have a couple issues with the back testing "Strategy Performance Summary"

1. Excessive information spread over heaps of screens. Even after exporting to Excel
2. There is no analysis of the Exits Strategies ie how many times the Initial Stop/StopLoss was hit, Breakeven hit, Trailing Stop etc

So to this end, I created a spreadsheet that loads in the information from a "Strategy Performance Summary" and produces a single page report with what I feel is the critical information.

The excel file is inside the attached zip file. It uses macro's, so you may get a security warning ? It was also created with Office 2010, so I'm not sure if it will work on early versions of Office or not.

To use it -
1. Run MC and export a Performace Summary report in XLS (Excel) format.
2. Open the "MC Import Template - Ver1.xlsm", accept any security warnings.
3. Click on the ""Import File (Ctrl R)" button.
4. Select the exported file from step 1.
5. You will see things jump around on the screen.
6. When the import has finished, it will ask do you want to save changes to the original file from step 1. Typically say NO.
7. It will now ask you to save the new condensed file. Say Yes.

That's it .

Here is a sample after the import -

This report works well with the below "NWT Exits".

Category MultiCharts

Details: System Performance Summary - Ver1
Category: MultiCharts

August 19th, 2012
Size: 22.58 KB
Downloaded: 463 times

NWT Exits - A Suite of exits for MC

Signal name = "NWT Exits" Ver 4
Disclaimer - USE AT YOUR OWN RISK

"NWT Exits" is a suite of exits that can be combined into a system.
It has been tested on Forex and Futures data

Features of the suite are -
1) The whole suite can be applied to a specifically named strategy ie I may have a strategy called "XYZ" if this "UseStrategyName" is set to true
and the StrategyName = "XYZ", then the suite of exits will only work with this strategy.
This allows multiple strategies to be used on the one instrument

2) Will work on any instrument tick size ie increments of 0.00005 to increments of 1

3) All Stops are progressive, that is, the system will move from a InitialStop to a breakeven to a trailing stop.

4) Only ONE order is placed with the broker.

5) The chart dynamically displays the current stop type ie InitialStop, Breakeven, Trailing and also displays the current stop level (Green/Red Triangle)

6) Each of the trades on the chart has a number matching the trade list report in Multicharts

7) Each of the trades in the Exits in the Multicharts Trade log has it's own unique name, showing what the current exit was that closed the trade
ie "IS_LX" Initial Stop (StopLoss) exit
"TS_SX" Trailing Stop Short Exit
Because each of the exit orders has it's own unique name, further analysis (counts) can be done on how many exits
were InitialStop, Breakeven, trailing stops, big bars etc
8) Each of the Stop types maybe individually enabled or a combination maybe selected

The types of exits currently supported are -
1) Multicharts generic types ie setprofittarget,SetStopLoss,SetDollarTrailing but all with tick/point inputs not $$$

2) Forced Exits - Ie Exit after 3 bars. This is useful for testing how good your entry signal is.
Use this exit without any other exits. If you have a good entry, youshould have > 50% winners
Now look at the MAE to see where good InitialStop levels are

3) InitialStop (StopLoss) Exit - ie 15 Pips or a calculated vale ie "ATR(14)*1.6*10000"

4) Price Action Stop - In a Long position it would use say the lowest low of the last 3 bars plus a bit ie 2 pips.

5) BreakEven Stop - Set the breakeven Level and brokerage amount

6) Stall Exit - Say after 3 bars we are still not in a profit, lift the stop to the low of the current bar. ie Squeeze the non performing trade.

7) Nake Close Stop - If Long and the close > High[1] then the stop level is set to the low of the naked close bar.

8) Trailing Stop - This is a stop amount in ticks ie in Forex a value of 5 would be equal to 5 pips ie 0.0005.
As per the InitialStop a calculated value can also be used ie "ATR(14)*1.6*10000"

9) ADX Trailing Stop - this uses a ADX to influence how close to have the stop level.
As the ADX increase with the strength of the trend, the stop tightens on the price

10) Big Bar Stop - If a big bar is detected ie 2*ATR, then the stop level is adjusted to a percentage of this bar ie 50%
We want to keep a god chunk of these profits.

Neil.

P.S.
For a couple more pics showing the trade log and further analysis,
look at Further details

Category MultiCharts

Details: NWT Exits - A Suite of exits for MC
Category: MultiCharts

May 14th, 2012
Size: 53.80 KB
Downloaded: 697 times

NWT Trend Ribbon

NWT Trend Ribbon - Version1
This has come up in a posting else where so I thought I might as well put it in the download area.
Basically it is a ribbon (horizontal line) that changes color to indicate the trend.
In the picture, I have put four of these onto the chart, all with the same MA periods but using different types of moving averages ie EMA, WMA, ZMA, TEMA.
It is quite simple in that it just uses a Slow and a Fast MA (example shows a 40 and a 20) but it also incorporates a spread into these two MA's ie 0.0003 (3 pips on the Forex). So the two MA's must be separated by at least 3 pips in this example before it states it is in a trend.
Green for Up, Red for Down and Blue for Stand aside (Barbwire) ie do not trade.

Note - The Study uses an external function to determine the trend, this allows the function to be easily added into a signal.
Direction = NWT_Trend(LongMALen,ShortMALen,Spread,Price,MA_Type) ;
or
Direction = NWT_Trend(40,20,0.0003,Close,"E") ;
So direction ends up with either 1 or 0 or -1. (1=Long, 0=Stand aside, -1= Short)

Compare this to the Sample ADX indicator on the bottom. The three RED lines are at 20,25 & 30.

Neil.

Category MultiCharts

Details: NWT Trend Ribbon
Category: MultiCharts

May 2nd, 2012
Size: 12.63 KB
Downloaded: 533 times

Keywords: indicator trend

Easy adding and modifying of MA's

NWT MA Combo - Ver 2

One of the annoying things with MC is it's non industry standard naming of MA's and easy changing of MA types on a chart.
To change the MA type on a chart, you need to delete the first study and then pick the new one from the list of studies.
When trying to find a MA that best fits the prices, it can be somewhat difficult and or tedious.
So I have created one indicator (study) called "NWT MA Combo", this has up to 5 displayable MA averages built in. Each of these moving averages can be differnt MA types ie SMA, EMA, WMA etc and all at different periods ie a 20 MA, a 50MA etc.
In the attached picture. One indicator ( Study) has been added to the chart. This then displays 5 MA on the chart.
Possible MA types are -

"S" or "s" = Simple
"E" or "e" = Exponential
"W" or "w" = Weighted
"T" or "t" = Tema
"Z" or "z" = ZeroLag

Price types are the usual -

Open or O, High or H, Low or L, Close or C
Or a mathmetical type ie "(H+L+C)/3" - average price

If you don't want to use a MA then set's it's length to 0 (Zero) and it will not display. The Type and Price can stay set, just the length set to 0.

Neil.

Category MultiCharts

Details: Easy adding and modifying of MA's
Category: MultiCharts

April 17th, 2012
Size: 17.01 KB
Downloaded: 243 times

Easy printing of Text and Special symbols in Indicators or Signals

Hi,

Attached is a function to print text easily on a chart, from a indicator OR signal.

Prints Text or a Special Character (WindDing) at a certain Date&Time.
The font Size, position (relative to the current bar) and color can be set.
The text can be either written in a horizontal format or a vertical format.
Note - This function can be used within Signals. Greatly enhancing the veiwing of signal opeartion.

The special characters already defined are -
- Arrows Up,Dn,Left,Right, and in between ie Arrow in a North West direction (ArrNW)
- Triangles Up, Dn, Left, Right both in a Solid and Hollow form.

Examples
PrintText_S(date,time_s,High+3,1,2,black,15,True,"SHORT",False); // "Short" is written Vertically above the price

PrintText_S(date,time_s,ExitLevel,2,2,blue,10,False,"BE",False); // "BE" is written horizontally

PrintText_S(date,time_s,Low-4,2,2,DarkGreen,10,False,"TriHollowDn",True); // Display a Hollowed triangle

Note - The time input requires seconds ie 123456, which equals "12:45:56"

In the attached image, you can see - The O represents a trailing Stop Order,
vertical text, show the actual Entry and Exit. Red * indicating the trade StopLoss, moving to B to represent that the trade is now at a breakeven, and Green Triangles to represent the trailing stop.
All of these are drawn within the signal and actively show the orders as the trade progresses.

Another sample of the text and drawing can be seen here
https://nexusfi.com/attachments/61413d1328264120
In this one, I use a green triangle to show that I'm in a trade and above it, I have a two letter description of the state of the exit. ie IS (Initial Stop/StopLoss) BE (Breakeven), PA (PriceAction Stop), TS (Trailing Stop), BM (Big Mother bar) etc.

Neil.

Category MultiCharts

Details: Easy printing of Text and Special symbols in Indicators or Signals
Category: MultiCharts

March 10th, 2012
Size: 3.67 KB
Downloaded: 259 times

NWT Bar Timer - Play a sound at a set interval prior to each bar closure

Hi All,

My main chart is a 5min chart and I place orders just prior to the completion of each bar.
I tend to get distracted looking at other things and miss the bars closure.
So I created a Bar time that plays WAV files at user defined periods prior to the end of the bars closure. Ie 30 seconds before and 10 seconds before.

Neil.

Category MultiCharts

Details: NWT Bar Timer - Play a sound at a set interval prior to each bar closure
Category: MultiCharts

July 29th, 2011
Size: 5.79 KB
Downloaded: 202 times

NWT DOW - Automatically display the DOW (Day of the week) on the chart

Hi All,

At the end of the day, I print out the days chart and file it away. I was manually writing the day of the week on the chart, to later see if there was correlation in the DOW price action.
So to make life easier I thought I might as well print this on the chart automatically as each day starts. So on the first tick of the day, it prints the DOW to the left of the first bar.
The drawing of the DOW is actually in two parts.
1. Is the calculation of the DOW and placement into a string.
2. The actual printing of the string using a function.called "printtext"
The PrintText function has input parameters for the Day,time,position,text,size,color AND printing of the text in either a horizontal or vertical format.

The printtext function could be used for a multiple of things ie vertical printing text directly above a bar ie "Inside Bar" or whatever.

Neil.

Category MultiCharts

Details: NWT DOW - Automatically display the DOW (Day of the week) on the chart
Category: MultiCharts

July 29th, 2011
Size: 12.04 KB
Downloaded: 199 times

NWT Event Reminder

Hi All,

The market I trade goes from 9:50AM to 4:30PM.
During this time I get so wrapped in the trades that I tend to forget about what time it is and other external or market related events that happen at specific times.
As an example, most morning trends tend to finish around 11:30AM.
But there are also other events that happen that can effect the price of the market I'm trading, such as Forex news announcements, CPI news etc. All of these are at specfic times of the day (I use ForexFactory.com to look up this information each morning and enter into this study)
So I tought it would be handy to have a reminder/alarm clock for these events.

So the the attached file study allows 3 time based events to be entered that will generate Alerts in Multicharts 10min prior, 5min prior and the actual event time. There is also a EOD (End of Day) time that can also be entered.

When the Alert happens, it displays the yellow Multicharts Alert box with the description of the Alert that was triggered ie "CPI News Announcement"
The Alert/Propeties can be set to automatically clear after a certain period ie 10secs or only clear by clicking on the alert with the mouse. (My preferred way)

Neil.

Category MultiCharts

Details: NWT Event Reminder
Category: MultiCharts

July 29th, 2011
Size: 4.65 KB
Downloaded: 174 times