Help coding DV2 indicator

March 29th, 2010, 09:48 PM

Hey guys, I do most of my work in R/Java and am new to ninjatrader. I am trying to write a simple ninjascript based on the DV2. I have wrote out the code, but it does not work properly. I am using yahoo historical pricing for my data. I have attached my script and would appreciate any pointers or tips about what is wrong with my script.

The DV2 indicator from ( Varadi?s RSI(2) Alternative: The DV(2) MarketSci Blog) is calculated as follows: (a) for each trading day calculate: [(close / average of the high and low price) � 1]. And then (b) take the average of today and yesterday�s result.

Thanks,
Allan

March 29th, 2010, 09:53 PM

I think the "-1" is probably meaning one day (or index) old.

Try:

Code

                            
            if(CurrentBar < 2) return;

            {
                today = (Close[0] / (.5* (High[0] + Low[0]))) - Close[1];
                
                Value.Set(.5 * (yesterday + today)  );
                
                yesterday = today;
            }

Also on a side note, please share your R knowledge and code examples, we could use some help in that area.

Downloads - Matlab Functions - Big Mike's Day Trading Forum

If the code I provided above doesn't work let me know, I don't have Ninja loaded so didn't test it.

Mike

August 22nd, 2014, 06:26 PM

bigAllan

Hey guys, I do most of my work in R/Java and am new to ninjatrader. I am trying to write a simple ninjascript based on the DV2. I have wrote out the code, but it does not work properly. I am using yahoo historical pricing for my data. I have attached my script and would appreciate any pointers or tips about what is wrong with my script.

The DV2 indicator from ( Varadi?s RSI(2) Alternative: The DV(2) MarketSci Blog) is calculated as follows: (a) for each trading day calculate: [(close / average of the high and low price) – 1]. And then (b) take the average of today and yesterday’s result.

Thanks,
Allan

Can someone say if this indicator (Attached in first message) are work? And the formula are ok?
Because he say " but it does not work properly.".

If no, can someone, please, do this indicator?

I search here, but not find.
Thanks

If someone can programm and do a indicator, I can search for the formula.

edit: And if not ask much... and do this Indicator:
IBS = (Close - Low)/(High - Low)

Is for use in systems wizard in Ninja.
Thanks again

Help coding DV2 indicator

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Help coding DV2 indicator