"Better Momentum Indicator" for NT7 (Page 3) - NinjaTrader | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader

"Better Momentum Indicator" for NT7
Started:November 6th, 2010 (02:20 PM) by crimmins Views / Replies:19,926 / 20
Last Reply:January 28th, 2015 (08:12 PM) Attachments:2

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

"Better Momentum Indicator" for NT7

Old January 28th, 2015, 08:12 PM   #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 > Futures Trading, News, Charts and Platforms > Platforms and Indicators > NinjaTrader > "Better Momentum Indicator" for NT7

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

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 01:42 PM.

Copyright © 2016 by 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 2016-10-25 in 0.07 seconds with 22 queries on phoenix via your IP