hello Im new too the forum and have a question, I would like too add a indicator MACD THATS HAS FOR SETTING
FAST EMA 5
SLOW EMA 13
SMOOTH EMA 1
AND COLOR RED + GREEN FOR ADVANCE DECLINE
I USED IT ON META4 BUT CANNOT SEEM UNDERSTANSD HOW TO INCORPORATE INTO NT7
ANY HELP WOULD BE APPRECIATED
This post has been selected as an answer to the original posters question
Just fyi, typing in all capitals is considered yelling.
You cannot use an MT4 indicator in NinjaTrader directly. It would need to be recoded to NinjaTrader's Ninjascript (C#) based language.
You can change the parameters of the existing NinjaTrader MACD to 5, 13, 1 directly via the indicator panel. As far as the coloring you are saying advance/decline which I am guessing is the MACD waveform rising/falling. If so, the existing MACD does not do this.
There are various MACDs with color changing capability here but they are in the Elite members area.
If you go to NinjaTraders support forum, there are 3 variations of MACD that will meet your needs there.
Regards and Welcome.
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The following user says Thank You to Tasker_182 for this post:
Play around with the settings, they may be better in some market conditions and worse in others. As its based on MA's it can lag the price action so if you going to code it up you may look at experimenting with different types of MA's (as well as the parameters as in this thread) to reduce the lag and secondly give the clean momentum swings.