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For detailed information on the indicators, please read William Blau's book "Momentum, Direction and Divergence". The ergodic indicators by William Blau all share a common characteristic. He starts with an oscillator which can hold positive or negative values. This oscillator is exponentially smoothed several times. The result becomes the numerator. In a second step, Blau also exponentially smoothes the absolute amounts of the oscillator values, the result of which becomes the denominator. Dividing the numerator by the denominator and multiplying the result with 100 creates a new oscillator, which displays values between -100 and + 100. The whole process therefore is a normalization, which can be applied to all oscillators. For example, it is possible to create an Ergodic CCI by applying the same transformation to a CCI.
The Double Smoothed Stochastics and the Double Smoothed Momentum use the same approach to normalization as the (standard) Stochastics indicator, but just add double or triple smoothing.
Exported using NT Version 7.0.1000.22
The indicator shows the Double Smoothed Momentum - see Stocks & Commodities, May 1991.
Blau Double Smoothed Momentum (DSM-B): The raw Stochastics is calculated as the percentage value for the close within the …
Exported using NT Version 7.0.1000.22
The indicator allows to display the Double Smoothed Stochastics - see Stocks & Commodities, January 1991. The Double Smoothed Stochastics as introduced by William Blau should not be confused with the better known …
Exported using NT Version 7.0.1000.22
The Directional Trend Index (DTI) was developed by William Blau and published in his book "Momentum, Direction and Divergence".
To determine the value of the DTI William Blau first calculates a composite momentum …
Exported using NT Version 7.0.1000.30
The True Strength Index was developed by William Blau and published in his book "Momentum, Direction and Divergence". This version of the TSI is an enhanced version of the NinjaTrader default indicator. It comes …
With the latest update of the anaTSI, I have added three GridCategory parameters, which are the trend filter, the overbought and oversold lines. Default values for those parameters are anaTSITrendType.TSI_Signal_Cross, +25 and -25.
@jlwade123: This means that you need to change the syntax, when you call the anaTSI from within another indicator or strategy. The correct syntax is now
anaTSI (int signalPeriod, anaTSISmoothType signalMA, int period1, int period2, int period3, anaTSISmoothType trueStrengthMA, anaTSITrendType trendfilter, int oversold line, int overbought line)
signalPeriod: period for the moving average, which is used for calculating the signal line
signalMA: moving average used for calculating the signal line
period1: first period used for smoothing the TSI (default value 20, the slow period)
period2: second period used for smoothing the TSI (default value 5, the fast period)
period3: third period used for smoothing the TSI (default value 1, which means no further smoothing)
trueStrengtMA: moving avarege used for double-smoothing or triple-smoothing the TSI
trendfilter: trendfilter used to produce the paint bars
oversold line: lower line plotted (default value - 25)
overbought line: upper line plotted (default value +25)
Triple smoothing
William Blau used both double smoothing (standard TSI) and triple smoothing. With the default values the indicator uses double smoothing, as the third smoothing period is set to 1 (no smoothing). If you wish to use a triple smoothed TSI, just change the third smoothing period.
Trend filter
The indicator comes with a trend filter
- which can be displayed as paintbars
- which can be directly used by a strategy (call anaTSI(......).Trend[0]
anaTSI(....).Trend[0] returns an integer, which can take the values + 1 (uptrend), -1(downtrend) or 0 (neutral trend). To determine the trend state, three different methods can be used:
(1) TSI_Signal_Cross:
- uptrend: TSI above signal line and above oversold line
- downtrend: TSI below signal line and below overbought line
- neutral trend: other cases
(2) TSI
- uptrend: TSI rising and above oversold line
- downtrend: TSI falling and below overbought line
- neutral trend: other cases
(3) Signal
- uptrend: signal rising and above oversold line
- downtrend: signal falling and below overbought line
- neutral trend: other cases
Exported using NT Version 7.0.1000.30
The True Strength Index was developed by William Blau and published in his book "Momentum, Direction and Divergence". This version of the TSI is an enhanced version of the NinjaTrader default indicator. It comes …
Exported using NT Version 7.0.1000.22
The Traders Dynamic Index is a trend following momentum indicator based on the RSI. It was developed and presented by Dean Malone. The Traders Dynamic Index comes with the following ingredients
- the Priceline, …
The Traders Dynamic Index was developed by Dean Malone and presented as part of the E.A.S.Y trading method.
The Heikin-Ashi indicator had a small bug, which was discovered by @Nientenickgrazie. The trend information was not set properly to the BoolSeries "UpTrend" for the Heikin-Ashi indicator.
The bug did not affect the Heikin-Ashi charts, but only had an impact, when the indicator was called by another indicator or used with an automated strategy.
The Heikin-Ashi paint bar indicator was not affected, as the trend plot was properly calculated.
Exported using NT 7.0.1000.22
Modified Heikin Ashi Bars:
- Option to select between the original Heikin-Ashi bars created by Dan Valcu and the modified Heikin-Ashi bars suggested by Sylvain Vervoort.
- The Heikin-Ashi candles can be smoothed …
The Klinger Volume Oscillator was published by Stephen J.Klinger in the December 1997 issue of Technical Analysis of Stocks & Commodities. Here is a quick implementation for NinjaTrader.
Please read the original text published by Stephen Klinger to understand how to trade it. Here is a short excerpt:
"The most powerful use of the KVO comes when the indicator reaches an extreme reading either above or below the center line and reverses direction. This signals an exhaustion of the prevailing trend and warns of an impending reversal in price.
The most reliable signals occur in the direction of the prevailing trend. Trades against the trend tend to be high-risk ventures.
The most important signal occurs when the KVO diverges from price action, especially on price extremes, either in
overbought or oversold territory. When a security makes a new high or low for a cycle and the KVO fails to confirm
this, the indicator is warning that the trend is losing momentum and nearing completion."
Exported using NT Version 7.0.1000.22
This is a quick implementation of the Klinger Volume Oscillator as published by Stephen J.Klinger in the December 1997 issue of Technical Analysis of Stocks & Commodities. Here is a short recapitulation of how …
