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Momentum Stop Indicator
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Created: by cory Attachments:18

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Momentum Stop Indicator

  #1 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
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Momentum Stop Indicator

Here is a momentum stop indicator, momentum because it has nothing to do with volume it is based on price action only. I wrote it for 5m ES chart I have no idea if it work on any other time frame/chart style. Please take time to watch it in action as it is very simple to understand maybe too simple for some folks. The template is for 24hr chart because I collect data to plot overnight H/L using BTOpenRange. If you don't care for overnight H/L then there is no need for 24hr chart. I attatch all indicators to be used in this template.

download momstop here

https://futures.io/free_downloads/ninjatrader-7/indicators/776-download.html?view

Attached Thumbnails
Momentum Stop Indicator-es-06-10-4_12_2010-5-min-.jpg  
Attached Files
Register to download File Type: cs BTOpeningRange.cs (10.5 KB, 278 views)
Register to download File Type: xml ES-5M-MomStop.xml (21.0 KB, 277 views)
Register to download File Type: cs OR15.cs (10.2 KB, 211 views)

Last edited by cory; April 11th, 2011 at 11:49 AM. Reason: moved to indicators
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  #2 (permalink)
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  #3 (permalink)
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does not import to NT7

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  #4 (permalink)
Market Wizard
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sorry I am still on NT 6.5, try copy cs file into nt7 indicator an compile it from there, it only uses h/l/c value and draw triangle command I think it should pass nt7 syntax.


Last edited by cory; April 12th, 2010 at 09:56 PM.
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  #5 (permalink)
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west chester
 
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neither will compile here is the grid error.

no overload for method "drawline" takes "8" argument. line 91 and 92 of or15.cs

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  #6 (permalink)
Market Wizard
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I see, I just mean the momstop may not having probl with NT7 but the rest of indicators may, due to incompatible ploting syntax.

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  #7 (permalink)
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most likely just the autoScale property that they added for all Draw methods...

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  #8 (permalink)
Market Wizard
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I am done with my tax so it's time for the upgrade here is MomStopV2

improvements are;

-add more reversals

- add option to filter out bad signals using bar range

- add trade entry buy/sell line so that you can track the entry point visually

here is how it looks with the new indicator
and how it looks with the new OR15

Attached Thumbnails
Momentum Stop Indicator-es-06-10-4_15_2010-5-min-.jpg   Momentum Stop Indicator-es-06-10-4_15_2010-5-min-2.jpg  
Attached Files
Register to download File Type: xml ES-5M-NEW-MOMSTOPv2.xml (14.1 KB, 185 views)
Register to download File Type: cs OR15.cs (10.9 KB, 188 views)
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  #9 (permalink)
Market Wizard
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cory View Post
I see, I just mean the momstop may not having probl with NT7 but the rest of indicators may, due to incompatible ploting syntax.

Here a the solution to running in NT7

Code in current indicator:
 
Code
                    DrawLine("L1"+id,StartBar,h,EndBar,h,colorRL,DashStyle.Solid,lw);
                    DrawLine("L2"+id,StartBar,l,EndBar,l,colorRL,DashStyle.Solid,lw);
Code change to:
ADD the true, to the code
 
Code
                    DrawLine("L1"+id,true,StartBar,h,EndBar,h,colorRL,DashStyle.Solid,lw);
                    DrawLine("L2"+id,true,StartBar,l,EndBar,l,colorRL,DashStyle.Solid,lw);

Thanks for the kewl indicator Cory

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  #10 (permalink)
Market Wizard
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Posts: 5,215 since Jun 2009
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patience is a virtue, outlast the chop

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