NexusFi: Find Your Edge


Home Menu

 





Collection of Daves Indicators for NinjaTrader


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Zxeses with 19 posts (33 thanks)
    2. looks_two RickW00716 with 15 posts (0 thanks)
    3. looks_3 Cachevary with 7 posts (0 thanks)
    4. looks_4 resist with 6 posts (1 thanks)
      Best Posters
    1. looks_one Zxeses with 1.7 thanks per post
    2. looks_two cory with 1 thanks per post
    3. looks_3 Quick Summary with 1 thanks per post
    4. looks_4 resist with 0.2 thanks per post
    1. trending_up 18,292 views
    2. thumb_up 36 thanks given
    3. group 19 followers
    1. forum 57 posts
    2. attach_file 6 attachments




 
Search this Thread

Collection of Daves Indicators for NinjaTrader

  #21 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172


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.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #22 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
Thanks Given: 306
Thanks Received: 163


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

Reply With Quote
  #23 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537



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

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #24 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172


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.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #25 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172


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)

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #26 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537

Notifications sent.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #27 (permalink)
 
Cachevary's Avatar
 Cachevary 
Russia,Khabarovsk
 
Experience: Beginner
Platform: NT
Trading: Gold
Posts: 407 since Feb 2014

Hi Dave,

what is the Indicators multiplier weight in the new release?

Reply With Quote
  #28 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
Thanks Given: 306
Thanks Received: 163


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

Reply With Quote
  #29 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
Thanks Given: 306
Thanks Received: 163


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

Reply With Quote
  #30 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172



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.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on March 25, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts