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NT: "Line on Close - Mountain" for Converence Divergence? Or Shaded 1 Period SMA
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Created: by tdaman Attachments:2

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NT: "Line on Close - Mountain" for Converence Divergence? Or Shaded 1 Period SMA

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NT: "Line on Close - Mountain" for Converence Divergence? Or Shaded 1 Period SMA

I'm hoping a programmer would be willing to create the option to show price as a mountain profile with "line on close" or "OHLC average" in Ninja Trader?

If not programming price then the same may be achieved with a basic 1 period SMA indicator and turning the NT price transparent.

As you can see this makes for a clear way to detect convergence divergence with any overlayed indicator(s).

Thank you very much for any help!!!

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NT: "Line on Close - Mountain" for Converence Divergence? Or Shaded 1 Period SMA-mountian-price-2.jpg   NT: "Line on Close - Mountain" for Converence Divergence? Or Shaded 1 Period SMA-mountain-price-3.jpg  

Last edited by tdaman; October 28th, 2011 at 04:14 AM.
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tdaman View Post
If not programming price then the same may be achieved with a basic 1 period SMA indicator and turning the NT price transparent.

Why not just use the above?

One dangerous thing with this type of overlay is the scale. The scale in which price moves towards or away these lines from an indicator of another scale should not be trusted visually, in my experience.

Mike

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Big Mike View Post
Why not just use the above?

One dangerous thing with this type of overlay is the scale. The scale in which price moves towards or away these lines from an indicator of another scale should not be trusted visually, in my experience.

Mike

Extremely good point about the scaling factor and thanks for the feedback Mike! Also, compared to a line I've found a solid mountain less mesmerizing...

That said, I see this as a cleaner way to compare the dips and peaks in price with overlaid oscillators. This divergence convergence criteria BTW, is not effected by any scaling issues. Again, I'm only relating peeks and dips.

I've also noticed when the stair step drawing mode (close) is applied to a mountain (solid shape) it represents virtual easy to track peaks and dips. No confusing candlestick highs, lows or wicks in the way or miter issues from thick lines. IOW, steeper peeks and dips grow when a line is applied but not a solid stair step mountain.


I've discovered all this using Sierra Chart. Take a free trial and see for yourself. Not selling SC...

Ultimately I want to use this with my Nexgen indicators which only work on the NT platform.


Last edited by tdaman; October 30th, 2011 at 11:10 PM.
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