Here's my MACD Histogram divergence indicator first beta release. I'm sharing it to gather suggestion and ideas. Please be very specific and include a annotated picture of any bugs or improvements.
When the hist. crosses the zero line the ind. starts to look for a new divergence.
NOTE: ALTHOUGH, other indicators are available in the pull-down they DO NOT WORK. I will work on them later. Or, better yet, maybe someone else can.
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.
See here for a chart description... https://futures.io/ninjatrader-programming/3722-beta-macd-histogram-divergence-indicator.html#post75679
5/15/10 - Written on NT 6.5. Probably will Not work on NT 7 without minor code adjustments.
Arrows are a part of the ind.
Is this for NT7 or 6.5?
on my NT7 it says:
import failed. The ninjascript archive file may contain duplicate method names that already exist on your PC or there is a required file missing on either your PC or in inport import archive
HI Zachary thank you for sharing.i used your indicator on a 4 range chart of the ES and seems to work ok.my question are the arrows part of the indicator.or you just drew them for ilustration purpose(manually).