New Paintbar 4 Shortterm - futures io
futures io futures trading



New Paintbar 4 Shortterm


Discussion in NinjaTrader

Updated by wh
    1. trending_up 2,033 views
    2. thumb_up 3 thanks given
    3. group 2 followers
    1. forum 2 replies
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

New Paintbar 4 Shortterm

  #1 (permalink)
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 501 received

New Paintbar 4 Shortterm

Hello,

i will follow the sharky rule, but i am not disciplined. i want to trade all ...
so i look for a conservative style. i want to trade 2 or 4 trade pro session and will hope it helps ... i do not make more counter trends ...

the rmma in panel 2 shows condolidation zones ... never buy/sell if close[0] is in zone ... wma 1 - 360

so i add this in doublemapaint code

 
Code
                            
//if(rising)
                
if(rising)
                {
                    
RisingPlot.Set(bar 1val2);
                    
RisingPlot.Set(barval1);
                    if (
PaintBar && Close[0] > WMA(Close,360)[0])
                        
BarColor barColorUp;
                    else 
                        
BarColor barColorNeutral;
                    
Signal.Set(1);
                }
                
//else if(falling)
                
else if(falling)
                {
                    
FallingPlot.Set(bar 1val2);
                    
FallingPlot.Set(barval1);
                    if (
PaintBar && Close[0] < WMA(Close,360)[0])
                        
BarColor barColorDown;
                    else 
                        
BarColor barColorNeutral;
                    
Signal.Set(-1);
                } 
sorry can not export ...

Attached Thumbnails
Click image for larger version

Name:	New Paintbar.png
Views:	203
Size:	443.3 KB
ID:	511  
Attached Files
Register to download File Type: cs DoubleMAPaint.cs (21.1 KB, 31 views)

Last edited by wh; July 3rd, 2009 at 04:05 AM.
Reply With Quote
The following 2 users say Thank You to wh for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
259 thanks
Want your NinjaTrader indicator created, free?
50 thanks
VWAP for stock index futures trading?
39 thanks
Is Amp at risk of going under?
37 thanks
What is your single biggest weakness?
36 thanks
 
  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,724 since Jun 2009
Thanks: 31,458 given, 93,980 received

wh,

So you are using a WMA(360) moving average, as in 360 bars of length and basically trading it as a long/short signal? If your paint bars would normally be long, but the WMA 360 is not yet long, then you paint yellow and vice versa for shorts?

I did something similar with SuperTrend lately (my own version, called TrendBars2). I mentioned it in the VIP section you maybe saw it.

I think it is a good idea and I like mine this way as well. I am using a different method (discussed in VIP section) but I think the method you use to calculate it is probably not critical, just find something as you have done that keeps you out of the "middle".

Are you scalping for ticks? If yes, then we are alike, so I don't need to be first in line when a trend reverses, I just need the trend to continue a few ticks so I can get my piece. Too many traders try to find the indicator that gives them that early signal, when really being first is not the best in trading.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #3 (permalink)
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 501 received


mike,

the idea with wma 360 came on a 4 minute chart. 4 * 360 is one day. but on 4 range charts i do not know why, works better. when price reverse i made to many trades.

but we are looking for some pips/points. so new paintbar shows only if long or short niveau == trend and so i do not see the counter trends, which always tempts me ... to lose money ...

Reply With Quote



futures io Trading Community Platforms and Indicators NinjaTrader > New Paintbar 4 Shortterm




Upcoming Webinars and Events
 

Understanding Order Flow Stops Runs & Icebergs w/Bookmap

May 28
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts