NT7 Spread Indicator

[resist]

It was moved to the NT7 Indicators section:

http://www.ninjatrader.com/support/f...d=4&linkid=367

There´s none so blind as those who will not see.
THANK YOU VERY MUCH I WILL DOWNLOAD NOW. I COULDN´T FIND IT, ONLY ALWAYS THE OLD LINK. SORRY!!!!!!!

[resist]

Little Changes

I installed your spread indicator over the weekend and I think it´s exactly that what I searched for, thanks.

Would it be possible to add a feature to set a standard spread value, e.g. if difference between 2 underlyings would be 200pips at markets open, to set this value, an then to see if market changes over or under this "zero line"

example: eur 1,30 cable 1,50 preset 0,2 would show directly if the spread is extending or narrowing.

Then I really don´t understand "UseMultiplier" - if I switch it true I get values about 66000 (quantity 1/ -1) when I set it to false it seems I get the exact spread divided by 10 - ??? - If I take the example data 1 cable date 2 euro I get the exact right spread value by setting quantity to 10000 - then I can read the pips difference.
What I´m understanding / doing wrong?!

[kdoren]

"UseMultiplier" simply multiplies the quoted price by the contract multiplier. For futures contracts, this allows the spread to be plotted as the total dollar spread between the contracts. For example, if you plot the spread of EURUSD futures (6E - multiplier 125000) vs GBPUSD futures (6B - multiplier 62500), with UseMultiplier=true, then it will plot the difference in the total dollar value of the specified Qty of contracts. For +1/-1, right now that would be ((1.3095 * 125000) - (1.5584 * 62500)) = 66287.5. In other words, if you're trading the spread between 6E and 6B, if you are long 1 of 6E and short 1 of 6B, you are net long 66287.5 of 6E. It would be much more market-neutral to be long 3 of 6E and short 5 of 6B.

If you just want to plot the difference of the quoted prices, then set UseMultiplier=false. You can set this to be the indicator default by setting it to false, then select "UseMultiple", right-click on it and click on "Set default for Spread".

The Contract Multiplier is set for each instrument in the Instrument Manager as the "Point Value"; you will need to set it to match the contract specification if you add any futures symbols to the instrument manager.

FYI, if you want a horizontal reference line on an NT7 chart, you can click on the "drawing tools" (pencil icon) and select "horizontal line" to add a reference line to your chart which you can then drag to whatever level you like.

-Kevin

[smallkuku]

able to make the indicator display candlestick formats?