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There were a couple indicators that I could find helpful and I was wondering if anyone knows whether someone has coded them or not.
In an Elder trading book he talks about trading with "channels", the channels being a line above and below an MA that is always a set distance from that MA. This may even be IN ninjatrader already and I am just not recognizing it or not understanding what it's called.
The second thing I would like to see is an atr line that actually plots on the price chart so I can see it and use it for volatility stop placement. For instance, if I am long and the atr is 2, I want to be able to see what price that would be under it. Am I making any sense here? haha. Thanks for any help! This is for ninjatrader btw..
Can you help answer these questions from other members on NexusFi?
Thanks for the file! My question though, is how to import it. When I go to utilities - import it is looked for a .zip file. Where do I put this .cs file? Thanks
Hmm ok I did that but I am still not seeing the indicator. The file is called MAenvelope.cs and it should appear in the indicator list as that also right? But I am not seeing it...any ideas? Thanks!
Hello.I run 5 moving averages on my charts.
At different times of the day these 5 MA's align themselves in a tight group.
This tells me that a breakout or MA fan is about to appear.
An indicator that would alert me that the 5 MA's are in a tight group would be super.
One of the user variables would be "How tight of a group" or "width of the group"
If I want to wait for all of the MA's to be within a 10 tick width---I would set it at 10 ticks.
If I don't want to wait for them to get that tight, then I might try a 15 or a 20 tick group.
The other user variable would be for me to enter the 5 MA's that I want to monitor.
Such as:
13 SMA or EMA
20 SMA or EMA-----and so on.
Phil K.
Hello.
Here is an idea for an indicator.
When range bars are being completed at a fast rate it is usually indicative of market movement in that direction.
A handy indicator would show the speed--perhaps in color---of range bar formation.
red- very slow
pink- slow
gray- medium
light green-fast
dark green-very fast
