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Good morning, everyone! I'm trying to use this indicator in a strategy using bloodhound and it doesn't work. It is an indicator that comes with an automatic strategy for which I pay monthly and is a free indicator that has been renamed like many others that come with the pack. Can anyone tell me what indicator it is? Thank you.
Can you help answer these questions from other members on NexusFi?
No, it's definitely StepMA. It goes flat when price is not trending much because that's what the "step" part is all about. It does that for any type of bar. You can see this in the chart posted by @DavidHP.
There's an NT7 version in Downloads, and people have fiddled around with it now and then. I have only seen it for NT7.
Thanks for this information. As we know now what it is, there is some information out there in the net, beside in this forum. One page I found is the following one which explains:
StepMA is a very powerful underground moving average, now enhanced by ninZa.co.
StepMA uses a rather special algorithm to create a moving average that slopes when the market trends and becomes FLAT when the market is sideways or retraces. This characteristic makes the plot move up/down in steps, hence the name.
ninZa.co improved this indicator by rounding the moving average to the nearest tick size; adding graphical enhancements; adding alerts and markers; fixing & strengthening the codes; making parameters easier to understand & tweak.
Especially, we added an option to let traders select any of 10 popular MA types as the base to calculate StepMA, which is not available in the original version.
In this indicator, ninZaATR is used (instead of regular ATR) for better performance. For your information, ninZaATR is ninZa.co's special ATR version that helps improve indicator performance significantly on intraday charts. It is also a standalone FREE indicator for ninZaFamily
