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It seems 40 or so people have downloaded this but I have not found much of a discussion around it.. From what I have seen today, this does a real nice job of identifying turning points based on volume (something I have always been interested in but never …
Good question, omaha Did this ever get ported over to Sierra? I've taken a glance at the Ninja code, but given my painfully modest ACSIL programming skills I don't think I'm not the best candidate to translate NT code into ACSIL
Luck is what happens when preparation meets opportunity. ~ Seneca
Can you help answer these questions from other members on NexusFi?
if you would explain the conditions that result in the triangles and diamonds in Cory's indicator...ill take a stab pulling together an alert study or spreadsheet.
// draw triangle up
// 3 bars -volume slope up but price slope down with the last white candle
if (Volume[0] >= Volume[1] && Volume[1] >= Volume[2] &&
( High[0] - Low[0] < High[1] - Low[1] || Math.Abs(Open[0] - Close[0])< Math.Abs(Open[1] - Close[1]))
&&
Low[0] <= Low[1] &&
Low[1] <= Low[2] &&
Close[0] >= Open[0] )
// draw diamond up
// 3 bars - vol slope down and price slope down with the last white candle
if (Volume[0] < Volume[1] && Volume[1] <= Volume[2] &&
Low[0] < Low[1] && Low[1] <= Low[2] &&
Close[0] > Open[0] )
// draw triangle down
// 3 bars -volume slope up and price slope up with the last black candle
if (Volume[0] >= Volume[1] && Volume[1] >= Volume[2] &&
( High[0] - Low[0]< High[1] - Low[1] ||
Math.Abs(Open[0] - Close[0])< Math.Abs(Open[1] - Close[1]))
&&
High[0] >= High[1] &&
High[1] >= High[2] &&
Close[0] < Open[0] )
// draw diamond down
// 3 bars - vol slope down but price slope up with the last black candle
if (Volume[0] < Volume[1] && Volume[1] <= Volume[2] &&
High[0] > High[1] && High[1] >= High[2] &&
Close[0] < Open[0] )