Hi Traders,
I find it necessary to make sure to stay out of the markets when they are "slow" vs "fast". However, historically that is challenging as it has been quite subjective. Watching the time and sales order flow gives a sense, but what is fast now vs earlier or another time period is still subjective.
I wrote the following simple indicator which gives some level of quantitative visibility if the mkt is moving fast vs slow. The indicator takes the time difference between the the last tick update of the bar compared to the previous tick update. A slower market will have a longer duration and therefore a larger value. A fast market will have very short durations of updates with values closer to 0.
I trade with tick charts so that is the lens that I am viewing this indicator. I wanted to have the values coincide with visual trend of values that are trending "up" (faster) vs "down" indicating slower mkts. That is why I applied a sign reversal to the values in the code.
When using the indicator, values closer to 0 indicates very fast, vs. values with larger negative values represent a slower market (hence the duration between updates is longer in duration). In the screenshot, I have a green line and red line manually applied which are my thresholds for fast vs slow. Those levels were based on my own analysis and screen time of the market being traded. You will have to gauge levels yourself based on the market and chart used.
Suggestions welcome and glad to contribute.
Code written in easy-language with use with MC 64 v12.0
June 19th, 2022
Size: 19.67 MB
Downloaded: 24 times
2535
xplorer
Here is another favorite of mine. I call it the 'Zelma Velma'. It's actually a zero lag exponential moving average crossing a variable moving average, but that just doesn't roll off the tounge like Zelma Velma!
This indicator signals when the ZLEMA line crosses the VMA line. The signal comes in the form of background flooding.
The ZLEMA line shows rising and falling colors (selectable). The background flooding can be turned on or off. The color of the background flooding is selectable. Not everyone likes my green and red background flooding.
Change Log
2015-09-08 - Added support to automatically label the plots.
2015-09-14 - Speed enhancements. Reduced 5 loops through the correlation period to 1 loop.
The atgPairsCorrelation indicator plots the correlated logarithmic returns of two data series.
Thanks to @Oysteryx for helping me make this indicator.
The inputs to the indicator are standard price series data. The indicator internally generates the logarithmic returns and calculates and plots the correlation between them. The value ranges between -1 and +1. A positive value means that the two data series are correlated ( moving together ) while a negative value means they're moving in opposite directions. The magnitude of the value expresses the fidelity of the correlation. A value of 1 is achieved if you compare an instrument with itself.
In addition to comparing pairs of data series, special functionality is included that allows you to compare with an interest rate spread.
A template to load the indicator as displayed in the screen shot is available on the support thread. The template displays the correlations of the following instruments:
ES -> ZN/ZT spread
ES -> 6J
ES -> CL
ES -> GC
ES -> ZB
ES -> 6A
ES -> 6E
It’s assumed that the primary data series loaded on the chart is one of the two data series to be correlated. The chart series is always compared with one other series that the indicator loads internally. You may of course use any data series you want on the chart and in the settings for the indicator to run correlation studies on pairs of interest to you.
To use the template (see support thread ) load it on a chart of the ES with at least 365 days of daily data. This template loads 7 instances of the atgPairsCorrelation into a single chart panel so that their plots are overlaid.
Here are some basic property settings to configure the indicator to compare the ES to the 6J contract ( USDJPY futures contract ):
You must maintain the property settings for each instance so that the contract months are current.
Spreads
For running a correlation on an interest rate spread you must enter the two instruments involved in the spread into SpreadLeg1 and SpreadLeg2. In addition you must enter weights for each leg of the spread. the CME publishes these weights here:
September 8th, 2015
Size: 3.71 KB
Downloaded: 1023 times
1649
timendaGain
Exported using NT 7.0.1000.6
This indicator is an enhanced version of the NinjaTrader Regression Channel Indicator.
The indicator calculates the same values for the linear regression as the default NinjaTrader indicator does, but uses a modified Plot() method.
If you scroll the chart horizontally, this indicator will display the regression channel for the last bar painted on the chart, while the NinjaTrader indicator always displays the regression channel for the last bar of the data base.
To understand how it works, just put both indicators - the NinjaTrader default indicator and this indicator - on your chart and scroll horizontally, and you will notice the difference.
Update July 23, 2011: Indicator updated to work with non-equidistant bar spacing, as used by multi-series charts.
Plots text values of prior bar High/Low and a box around the current bar.
Picture says it all really.
Simple but very useful.
March 23rd 2010
v4.01 corrects an occasional error when plotting forex instrument breakouts
April 08 2010
v5 Major Overhaul. Added Breakout reversal detection.
thanks to other NT users for help with some 'issues'
v5.01 correct some misplotting and adds alerts...
Only available in the Elite Circle.
147 downloads and 1 comment is not reward enough!
v6 is now compatible with both 6.5 and 7
Clearly this has gone down well. v9 is way better but you will have to join the elite section guys and girls :-)
Search for HighLowv1065
March 18th, 2010
Size: 5.31 KB
Downloaded: 2154 times
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Mindset
Plots a non cumulative histogram of Gom delta volume.
The earlier version of this indicator has been downloaded over 1800 times, but it is outdated and incorrect. I URGE YOU to use this one instead!
Provided as a cs file, because my versions of the GomCD and GomRecorder are non-standard, so I don't want to put them into an installation package that might cause you to have problems.
I uploaded a revised version at around 10PM PT on Sunday January 8. The indicator was missing a lot of volume between the bid and ask, requiring the use of the "direction" from Gomi's hybrid delta calculation mode as the tiebreaker. Anyone who downloaded the earlier version should replace it with this one.
Thank you to Silvester17 for pointing out the problem. And, as usual, to Gomi.
March 15th, 2016 08:18 PM racecarjw Excellent work, Thank You https://nexusfi.com/images/smilies/gtn/pcguru.gif
September 4th, 2015 12:58 PM Amsterdam Whale Bravo sir, with thanks.
April 4th, 2015 03:43 PM josemarcello This is good indicator......Should be a link info video in this forum showing all the indicator available working.....wo
uld be great !!!
September 12th, 2011 10:36 PM knight Hi Gordo
I've been lookin' for this back ground for a good while,helps tremendously!!!
August 3rd, 2018 01:34 PM Darquer Well done. Thank you.
August 28th, 2017 01:36 PM moneylender888 NT has never had a decent zigzag. Amazing job! Thank you.
May 31st, 2017 01:13 PM mehtachandru very good indicator . its one i hv been looking for to identify a trend . The yellow dots trend line is good , can it be
changed adjusted made in two parts. One for start of session and the other after trend changes or mid session.
April 24th, 2017 12:21 PM Maxie it is a great indikatoe, thks