NexusFi: Find Your Edge


Home Menu

 





beta MACD Histogram divergence indicator


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one zacharydw00 with 14 posts (25 thanks)
    2. looks_two TheWizard with 4 posts (6 thanks)
    3. looks_3 subterfuge with 3 posts (0 thanks)
    4. looks_4 fusion with 3 posts (0 thanks)
      Best Posters
    1. looks_one zacharydw00 with 1.8 thanks per post
    2. looks_two TheWizard with 1.5 thanks per post
    3. looks_3 itrade2win with 1 thanks per post
    4. looks_4 zt379 with 0.5 thanks per post
    1. trending_up 33,431 views
    2. thumb_up 33 thanks given
    3. group 23 followers
    1. forum 44 posts
    2. attach_file 20 attachments




 
Search this Thread

beta MACD Histogram divergence indicator

  #31 (permalink)
 
zacharydw00's Avatar
 zacharydw00 
Idaho
 
Experience: Intermediate
Platform: NinjaTrader,ToS
Broker: Amp Futures, ToS
Trading: ES, E7, CL, GC
Posts: 149 since Aug 2009
Thanks Given: 87
Thanks Received: 180

Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

Milk-a-What?
Attached Thumbnails
Click image for larger version

Name:	GRTDivergenceV1f_20100511.jpg
Views:	627
Size:	134.3 KB
ID:	25410  
Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Better Renko Gaps
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #32 (permalink)
 fusion 
East Coast
 
Experience: Beginner
Platform: NinjaTrader,
Trading: es
Posts: 83 since Aug 2010
Thanks Given: 272
Thanks Received: 25


zacharydw00 View Post
Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

Hi zacharydw00,

Thank you for the indicator. A few questions for you---

1. I'm in USA, EST zone, using NT 7. Could you advise Session Template for ES and 6E ? ES for example, there are options: Use instrument setting, CME Index Futures ETH, CME US Index Futures RTH, Default 24/5 and Default 24/7.

2. Does your indicator work on time chart (minutes, daily) and non-time chart (range, volume, tick)?

3. I used the default setting of your indicator; but, the dark magenta line didn't mark from close to close. Is it normal?

TIA!

Attached Thumbnails
Click image for larger version

Name:	Marking.gif
Views:	375
Size:	41.2 KB
ID:	25451  
Reply With Quote
  #33 (permalink)
 
zacharydw00's Avatar
 zacharydw00 
Idaho
 
Experience: Intermediate
Platform: NinjaTrader,ToS
Broker: Amp Futures, ToS
Trading: ES, E7, CL, GC
Posts: 149 since Aug 2009
Thanks Given: 87
Thanks Received: 180



fusion View Post
1. I'm in USA, EST zone, using NT 7. Could you advise Session Template for ES and 6E ? ES for example, there are options: Use instrument setting, CME Index Futures ETH, CME US Index Futures RTH, Default 24/5 and Default 24/7.

2. Does your indicator work on time chart (minutes, daily) and non-time chart (range, volume, tick)?

3. I used the default setting of your indicator; but, the dark magenta line didn't mark from close to close. Is it normal?
TIA!

1. I attached a screen shot of the session template I use. I don't recommend using it with an automated trading strategy, because it will not allow the strategy to exit on market close! I created it so I would only see one vertical line at midnight.

2. Yes. Any chart type.

3. I'm going to get a little bitchy now(just a little bitchy). It seems that you didn't bother looking at the ind.'s setting. People, people, ppl... before you bother the ind.'s author(any of us authors), please read & experiment with the ind.'s setting before asking questions. Do your homework first. We spend a lot of time coding these ind. So. please do your part and spend some time to read the settings description. If there are none then experiment with it. Thanks.
Please see attached image. It shows which setting will change the line's offset from price.

Now, go make lots of money with it

Milk-a-What?
Attached Thumbnails
Click image for larger version

Name:	CME Globex 24-6.jpg
Views:	421
Size:	39.8 KB
ID:	25478   Click image for larger version

Name:	Marking.gif
Views:	475
Size:	39.4 KB
ID:	25482  
Started this thread Reply With Quote
Thanked by:
  #34 (permalink)
 fusion 
East Coast
 
Experience: Beginner
Platform: NinjaTrader,
Trading: es
Posts: 83 since Aug 2010
Thanks Given: 272
Thanks Received: 25


zacharydw00 View Post
1. I attached a screen shot of the session template I use. I don't recommend using it with an automated trading strategy, because it will not allow the strategy to exit on market close! I created it so I would only see one vertical line at midnight.

2. Yes. Any chart type.

3. I'm going to get a little bitchy now(just a little bitchy). It seems that you didn't bother looking at the ind.'s setting. People, people, ppl... before you bother the ind.'s author(any of us authors), please read & experiment with the ind.'s setting before asking questions. Do your homework first. We spend a lot of time coding these ind. So. please do your part and spend some time to read the settings description. If there are none then experiment with it. Thanks.
Please see attached image. It shows which setting will change the line's offset from price.

Now, go make lots of money with it

Hi Zack,

Thank you for your response. I followed your screen shot and made my own Custom Session Template. Questions:

1. Is it correct if I assumed my custom Session Template is for Futures like ES, 6E and TF?

2. For trading SPY using your indicator, should I select US Equities RTH, or US Equities ETH for session template?

Good Trading to You!

Attached Thumbnails
Click image for larger version

Name:	Custom Session Template.gif
Views:	282
Size:	14.3 KB
ID:	25489  
Reply With Quote
  #35 (permalink)
 fusion 
East Coast
 
Experience: Beginner
Platform: NinjaTrader,
Trading: es
Posts: 83 since Aug 2010
Thanks Given: 272
Thanks Received: 25


zacharydw00 View Post
Indicator Setting:
1. The ind. will Not work with 'calculate on bar close' set to False.
2. The default setting are for the ES.
3. DeltaPrice- This is the minimum required price difference from high to high or low to low. Keep in mind 0.75 is only 3 ticks in the ES. That would be 75 ticks(75 cents) in the CL, which is high (unless you are looking at daily bars). The 6E moves in .0001 ticks, so a .75 move in the 6E would never happen. .0005 is probably a more reasonable setting for the 6E.
4. DeltaIndicator- This is the minimum required indicator difference, in percentage, of the recent high/low to the prior high/low. A setting of 0.99 will show more divergences. 0.5 will show practically none.

Hi Zack,

I have NT7.0.0.23. Time zone is EST. I was testing the indicator you wrote and found problems in real time.

A. Dark magenta lines marked in indicator pane only; no corresponding dark magenta lines or arrows were marked in price. pane.

B. By opening the Indicators Properties Window and click OK, I can get the missing signals (diagonal lines and arrows) in price pane.

C. I can get complete signals in price pane and indicator pane if I used historical data.

Could you check how your indicator works in your PC in real time, please? TIA! Good Trading to You!

Attached Thumbnails
Click image for larger version

Name:	NoSignalsInPricePane.gif
Views:	557
Size:	30.5 KB
ID:	25627  
Reply With Quote
  #36 (permalink)
 
zacharydw00's Avatar
 zacharydw00 
Idaho
 
Experience: Intermediate
Platform: NinjaTrader,ToS
Broker: Amp Futures, ToS
Trading: ES, E7, CL, GC
Posts: 149 since Aug 2009
Thanks Given: 87
Thanks Received: 180


fusion View Post
Hi Zack,
I have NT7.0.0.23. Time zone is EST. I was testing the indicator you wrote and found problems in real time.
A. Dark magenta lines marked in indicator pane only; no corresponding dark magenta lines or arrows were marked in price. pane.
B. By opening the Indicators Properties Window and click OK, I can get the missing signals (diagonal lines and arrows) in price pane.
C. I can get complete signals in price pane and indicator pane if I used historical data.
Could you check how your indicator works in your PC in real time, please? TIA! Good Trading to You!

It's a Ninja thing. Read this...

Milk-a-What?
Started this thread Reply With Quote
  #37 (permalink)
 
prisonbreaker82's Avatar
 prisonbreaker82 
Rio de Janeiro
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire, IB
Trading: Equity & Futures
Posts: 312 since Jun 2010
Thanks Given: 58
Thanks Received: 141

Hi Zac,

Does this indicator works with latest NT7?



zacharydw00 View Post
It's a Ninja thing. Read this...


Visit my NexusFi Trade Journal Reply With Quote
  #38 (permalink)
 
zacharydw00's Avatar
 zacharydw00 
Idaho
 
Experience: Intermediate
Platform: NinjaTrader,ToS
Broker: Amp Futures, ToS
Trading: ES, E7, CL, GC
Posts: 149 since Aug 2009
Thanks Given: 87
Thanks Received: 180


prisonbreaker82 View Post
Hi Zac,
Does this indicator works with latest NT7?

Yep.

Milk-a-What?
Started this thread Reply With Quote
  #39 (permalink)
 etmtrader 
Charlotte
 
Experience: Intermediate
Platform: NinjaTrader
Trading: e-mini
Posts: 8 since Apr 2012
Thanks Given: 0
Thanks Received: 2

Thanks for this indicator Zachary. It rocks.

Two questions:

1) Is it possible to expand the range it monitors? It seems to only track about 20 bars. If possible I'd like to expand it to 50.

2) Would it be possible to create a similar indicator the catches when price is making a new high and MACD histogram is less than zero?

Reply With Quote
  #40 (permalink)
 
zacharydw00's Avatar
 zacharydw00 
Idaho
 
Experience: Intermediate
Platform: NinjaTrader,ToS
Broker: Amp Futures, ToS
Trading: ES, E7, CL, GC
Posts: 149 since Aug 2009
Thanks Given: 87
Thanks Received: 180



etmtrader View Post
Thanks for this indicator Zachary. It rocks.
Two questions:
1) Is it possible to expand the range it monitors? It seems to only track about 20 bars. If possible I'd like to expand it to 50.
2) Would it be possible to create a similar indicator the catches when price is making a new high and MACD histogram is less than zero?

1) It looks back to the last 3 swing points, however many bars that takes.
2) With NT using C# it's almost possible to do anything That aside, the condition you are looking for isn't a divergence, therefore it wouldn't belong in this indicator and needs a different logic structure.
Cheers,
Zac

Milk-a-What?
Started this thread Reply With Quote




Last Updated on March 6, 2020


© 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