Thanks for the fantastic indicators, both Volume Stop and Momentum Stop. I used them on NinjaTrader 7. I found them fairly accurate in identify turning points; especially when both give the signals at the same time, e.g. triangle from the MomStop and either triangle or diamond from VolStop. It would be very profitable if trade with the trends and in conjunction with other indicators, e.g. Momentum indicator. Attached is the chart of crude oil CL using Range bar of 15 tics.
I do have a question, what could I do to change the shape of the triangle, e.g. make it larger, or change from triangle to another shape, e.g. solid circle, to distinguish between the 2 indicators. Also, is there anyway to flash the symbol (e.g. triangle, diamond) when the signal is issued. I set the Audible alert, but it would take a while to search for the signal if having multiple charts.
Again, great work Cory, keep up the good work and contribution!
in ninja control center, help tab, search for 'draw' the help guide show you how to draw some other shapes then go to indicator code and look for DrawTriangleUP, DrawTrangleDown and change it to other shape. Size control is a bit more challenging look at sr dot size to see how I do it. Sound file lags because it take time to play sound you can try to have diff chart plays diff sound but you also have to code it.
that is a good way to use them.
The following user says Thank You to cory for this post:
Thanks Cory! Do you know if anyone has had success automating this indicator in a strategy? Are the parameters such that it could be automated for entry with the signals at the end of a bar? Complicated code? Thanks again for this phenomenal indicator! SS
Thank you for sharing your indicator and your patience in responding to all the questions. I have spent some time adjusting the inputs for the various instruments and charts I trade, and this provides a critical piece when evaluating a setup.
I have been using it for a couple of months on the emini, the TF and the 6E. It is a great indicator. I found that I needed to adjust the chart time base to get the indicators to look right....smaller time base gives more wrong readings. I have used 1,3,5, 10 and 30min bars. I think it would make a very profitable strategy....