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I have an indicator on my PC that I have been playing around with , but im not sure where i got it from.
I imagine it might be this forum.
It is called 'Arrow_angles_4_perry_beta'
It draws arrows when the angle of an EMA hits whatever angle that you have input into the paremeters.
I've searched them words in google but nothing comes up.
Does anyone know of this indicator? I want to ask further questions about it but I dont even know where i got it from. Its been on my PC for quite a while.
Cheers
Can you help answer these questions from other members on NexusFi?
After putting the ForceIndex onto the forum, it has developed into so many variations and questions, with the introduction of the boomerang, all of which is very similar to the way I trade, I though it best to put a full scale model up for discussion.
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After all, it's what you learn AFTER you know it all, that counts!
Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader.
The programmers on the forum (there are many), …
After all, it's what you learn AFTER you know it all, that counts!
If you use "AutoScale" the angle of any line will change, if time moves by. If you horizontally compress your charts, the angle of a trend line will change, but not the trend.
Angles are a concept that was used when charts were drawn on paper. With paper you can neither change horizontal nor vertical compression, so the concept of an angle makes sense. The angle has a meaning: It stands for momentum.
Since we started using computers and software alllowing for scaling, the idea of an angle is essentially nonsense. Instead of chasing angles, you could apply a simple momentum or ROC indicator. It is not affected by vertical and horizontal compression of the chart and conveys the same information.
PS: Don't blame Gann that he used angles. I guess his charts were paper prints.
If you are still looking for a moving average angle indicator you can try the Jeffs Dots Package on page 4 (at the bottom) of the elite downloads. It contains 6 different moving average choices with optional paint bar study and audio alerts.......not to mention adjustable angles to boot !
I believe there are 3 different versions in the package.
is there an indicator around that measures the angle of an EMA. Lets say if the angle of the last x bars is bigger/smaller than x it changes colours. 30° up green line, 30° down red line and in between grey line for example. Maybe anybody can help e out here.
