"Better Momentum Indicator" for NT7 - NinjaTrader | futures io social day trading
futures io futures trading

"Better Momentum Indicator" for NT7
Updated: Views / Replies:25,023 / 20
Created: by crimmins Attachments:2

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Thread Tools Search this Thread

"Better Momentum Indicator" for NT7

  #21 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: Emini S&P 500
Posts: 3 since Jul 2009
Thanks: 6 given, 0 received


Zondor View Post
Let's put two and two together.

Barry says that ".. the traditional Momentum indicator... has done a great job in the past of measuring the decline in Momentum as the ... move loses power... but has a fatal flaw:--it measures the change in price, not buying or selling volume"

"The Better Momentum Indicator measures these waves of buying and selling volume...." (hmmm, sounds like it is the Momentum of the buy sell volume, also known as CUMULATIVE DELTA.)

Sounds to me like applying the Ninjatrader Momentum indicator to the GomCD would accomplish this.

Not only that, it would do so more accurately than indicators that use upticks/downticks (instead of the GomRecorder), to calculate bid ask volume. Do Barry's indicators use the GomRecorder?

For NT6.5 aficionados, too bad: indicator-on-indicator doesn't work in NT6.5.

But for all NT users including 6.5 reactionaries, there is nothing to stop you from creating a new Momentum indicator within which you instantiate a GomCD, and feed the value of gcd.DeltaClose into the Momentum indicator instead of feeding in Close[0].

The attached file will not work in NT6.5 because it uses the PlotColors method. True multi-color plotting is not available in NT6.5. Tough.


Have you updated this indicator recently? I would love to test it on Ninja 7.

Reply With Quote


futures io > > > > "Better Momentum Indicator" for NT7

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!


Current Events in Commodity Markets: Influence & Crowd Psychology w/IQFeed

Jul 12

AXESS Trader: Powerful cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only

Similar Threads
Thread Thread Starter Forum Replies Last Post
NT7 indicator "LogReturns" MXASJ NinjaTrader Programming 10 June 21st, 2011 11:17 PM
dealing with GetCurrentBidVolume and GetCurrentAskVolume , "long" casting into "int" jmejedi NinjaTrader Programming 4 May 23rd, 2011 09:33 AM
jtRangeMakrker7 - Printing in "Output" window on NT7....4 Affliction NinjaTrader 5 April 29th, 2011 09:22 AM
RJay's "Trader Volume" and "Trader Tick" Indicator Suites RJay The Elite Circle 20 December 20th, 2010 05:01 PM
"Wicked Renko" indicator for NT7 tr8ermom NinjaTrader 2 November 9th, 2010 10:20 AM

All times are GMT -4. The time now is 10:27 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 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
Page generated 2018-07-14 in 0.08 seconds with 17 queries on phoenix