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Collection of Daves Indicators for NinjaTrader
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Collection of Daves Indicators for NinjaTrader

  #21 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
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Posts: 139 since Jun 2014
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RickW00716 View Post
is it possible to have an indicator that takes the difference between the high of a NYSE TICK bar and the low of the NYSE TICK bar and plots the result and also ongoing totals?

Example: for the TICK on a 1 minute chart: first bar H- +100, L- -200. result is -100
second bar H- +200 L- -50. result is +150 and ongoing total is +50.


thank you

Do you think this could be useful for the TICK?

I think it would be easy enough to code, but yeah, I do have to question its usefulness. If you look at the tick data on a daily chart, you'll notice that Tick does not trend, so even at the minute level, that data would be nearly 55-59 seconds stale and wouldnt give you the edge in trading you need. Tick is really a scalpers tool, but can be used to jump into a trend and be able to set your stoploss +2 ticks right away, so even when you're wrong on the trend you don't loose. But on a minute basis that edge is taken away.

My next tool is going to be something like BetterTick but for the 3 major indexs, ^DJIA, ^SP500 and ^COMP, but I need to figure out how to increase the importance of lower denominators.

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  #22 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 244 since Feb 2013
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Zxeses View Post
I've updated DavesBetterTick to v1.1 and also updated the template file in the post above.

This version

1) Fixes the disappearing act the plot line did when incoming data is missing on Bar Update (It just uses the last available data) and checks for bad calculations (NaN's) and removes those results from the plot.
2) Added the ability to change Indicators and set their respective weights.

-- Logarithms dont work so well with really high numbers that dont change much, such as the Dow at 16914 changing to 16920 doesnt even register on the chart, I'm working on a solution for that, but not in this version, this was intended for TICK data and it works perfectly for it.

I'm getting a flat unchanging line now. should i change my instruments to TICKDJ, TICKQ and TICK?

thank you

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  #23 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
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Zxeses View Post
I've updated DavesBetterTick to v1.1 and also updated the template file in the post above.

This version

1) Fixes the disappearing act the plot line did when incoming data is missing on Bar Update (It just uses the last available data) and checks for bad calculations (NaN's) and removes those results from the plot.
2) Added the ability to change Indicators and set their respective weights.

-- Logarithms dont work so well with really high numbers that dont change much, such as the Dow at 16914 changing to 16920 doesnt even register on the chart, I'm working on a solution for that, but not in this version, this was intended for TICK data and it works perfectly for it.

Please post the link to the download, and I'll send out notifications. When updating downloads, edit the description please and just put 'changelog' at bottom along with a date, so when people get the notifications they can check to see if they want to update or not.

Thanks.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #24 (permalink)
3rd times a charm!
San Francisco CA
 
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Platform: Ninja
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Zxeses's Avatar
 
Posts: 139 since Jun 2014
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Big Mike View Post
Please post the link to the download, and I'll send out notifications. When updating downloads, edit the description please and just put 'changelog' at bottom along with a date, so when people get the notifications they can check to see if they want to update or not.

Thanks.

Mike

Roger that Mike, updated the Quick Summary link, included the direct link in the update post, and added the changelog to the download page.

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  #25 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
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Favorite Futures: ES
 
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Posts: 139 since Jun 2014
Thanks: 90 given, 171 received


RickW00716 View Post
I'm getting a flat unchanging line now. should i change my instruments to TICKDJ, TICKQ and TICK?

thank you

It shouldnt matter what instrument you choose for the chart, since you're just going to hide the data, but I'd recommend ^TICKQ as your "chart" instrument since it has 2 decimal places. I would not however try to add more instruments into the chart via the Data Series panel, I have no idea what that would do, in fact it could explain why you got a flat line.

The default instruments for TICKQ, TICK and TICKDJ are added via the Parmaters indicator interface, the defaults are perfect for the purpose. I also added two more rows in case you have access to Russell Tick data (I don't so I didn't)

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  #26 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Notifications sent.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #27 (permalink)
Banned: trolling
Russia,Khabarovsk
 
Futures Experience: Beginner
Platform: NT
Favorite Futures: Gold
 
Cachevary's Avatar
 
Posts: 407 since Feb 2014
Thanks: 138 given, 78 received

Hi Dave,

what is the Indicators multiplier weight in the new release?

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  #28 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 244 since Feb 2013
Thanks: 217 given, 106 received


Zxeses View Post
It shouldnt matter what instrument you choose for the chart, since you're just going to hide the data, but I'd recommend ^TICKQ as your "chart" instrument since it has 2 decimal places. I would not however try to add more instruments into the chart via the Data Series panel, I have no idea what that would do, in fact it could explain why you got a flat line.

The default instruments for TICKQ, TICK and TICKDJ are added via the Parmaters indicator interface, the defaults are perfect for the purpose. I also added two more rows in case you have access to Russell Tick data (I don't so I didn't)

would you mind posting a screenshot(screenshots) of your chart for us to compare and see if our charts match yours?

thanks and much appreciated

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  #29 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 244 since Feb 2013
Thanks: 217 given, 106 received


Zxeses View Post
I think it would be easy enough to code, but yeah, I do have to question its usefulness. If you look at the tick data on a daily chart, you'll notice that Tick does not trend, so even at the minute level, that data would be nearly 55-59 seconds stale and wouldnt give you the edge in trading you need. Tick is really a scalpers tool, but can be used to jump into a trend and be able to set your stoploss +2 ticks right away, so even when you're wrong on the trend you don't loose. But on a minute basis that edge is taken away.

My next tool is going to be something like BetterTick but for the 3 major indexs, ^DJIA, ^SP500 and ^COMP, but I need to figure out how to increase the importance of lower denominators.

I've been using TICK to track momentum shifts and slowing momentum(as per openTrader course and eminiplayer site tactics).

I've been learning a lot on how to read the TICK and the other internals in relation to the overall context and support/resistance zones.

Thank you

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  #30 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received



Cachevary View Post
Hi Dave,

what is the Indicators multiplier weight in the new release?

Basically is a scale setting, its used by taking the Log10 result and multiplying it by the weight. The more weight you give to a given instrument, the more its tick affects the average result.

btw, my default settings are by no means scientific, they are just what seemed to produce good tradeable results, but if anyone can find a better combo I'd be more then happy to try the settings out and perhaps change the defaults. from my observation the markets seem to respond more to the TICK and TICKDJ and less from the TICKQ, but still the TICKQ does have a "mood" effect, so that's why its included, almost like a smoother.

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