Announcement
Collapse
No announcement yet.
Partner 728x90
Collapse
NinjaTrader
Super Trend For Ninja Trader Needed
Collapse
X
-
I just tried version 1.7 and I think it has the same issue I mentioned in my previous message. Attached is a screenshot of daily bars for GOOG starting 9/1/2004 with the shown SuperTrend parameters (length=20). It looks like the initial trend indicator before the first crossover is set based on the first bar after the length number of bars, even if that single bar isn't indicative of the general trend at that point. Maybe someone else has a better idea, but my suggestion is to set the initial trend to be up or down based on comparing the first bar after the ATR period length number of bars to the very first bar in the chart. In the case, the first bar closes way below the 21st bar, so the initial trend would be up rather than the current down trend it currently gets from the single 21st bar.Last edited by Anagoge; 12-10-2008, 12:04 AM.
-
Originally posted by Anagoge View PostI just tried version 1.7 and I think it has the same issue I mentioned in my previous message. Attached is a screenshot of daily bars for GOOG starting 9/1/2004 with the shown SuperTrend parameters (length=20). It looks like the initial trend indicator before the first crossover is set based on the first bar after the length number of bars, even if that single bar isn't indicative of the general trend at that point. Maybe someone else has a better idea, but my suggestion is to set the initial trend to be up or down based on comparing the first bar after the ATR period length number of bars to the very first bar in the chart. In the case, the first bar closes way below the 21st bar, so the initial trend would be up rather than the current down trend it currently gets from the single 21st bar.
Fixing one part breaking another...
My apologies.Last edited by roonius; 01-08-2009, 08:47 PM.
Comment
-
Hi All
I am posting this trading system which looks like Supertrend concept. And it is being sold at $150 per month. It has got system which gives automatic buy and sell with targets. Explanation is given below ::
STOPLOSS LINE: THE SAID LINE MOVES SIDEWAYS IS CALLED STOP – LOSS LINE. IF THE RUNNING BARS GO ABOVE THE SAID GREEN LINE A BUY SIGNAL WILL GENERATE AND IF BARS GO DOWN BELOW THE GREEN LINE A SELL SIGNAL WILL GENERATE. FOR BUY AND SELL STOPLOSS IS THE OLIVE GREEN LINE. YOU WILL GET AN INDICATION THERE WITH A BUY ARROW OR SELL ARROW.
MARKET AVERAGE LINE: THIS LINE MOVES SIDE WAYS. THIS LINE IS THE MARKET AVERAGE TRADED PRICE. (ODIN AVERAGE PRICE).
YELLOW BARS: THIS IS CALLED THE BREAKOUT BAR. IF RATE CROSSES ABOVE THE BAR MARKET GOES UP. IF RATE CROSSES DOWN MARKET GOES DOWN SIDE. YELLOW BAR WILL GENERATE AUTOMATICALLY AT A TIME WHEN SELLERS AND BUYERS ARE EQUAL. THE SIDE IN WHICH MAJORITY PEOPLE JOIN AND BREAKOUT RATE, MARKET MOVES ON THAT SIDE, SO THE YELLOW BARS CALLED BREAKOUT BARS AND IS VERY POWERFUL.
GREEN BAR : THIS IS THE PREVIOUS DAY CLOSING BAR. IT IS A POWERFUL INDICATION ALSO.
BLUE BARS: THIS BAR INDICATES THAT SCRIP IS ON A BUY SIGNAL, I.E. MARKET IS IN ON AN UP SIDE DIRECTION . BLUE BARS WILL COME ABOVE OLIVE GREEN STOP LOSS LINE .(IN MARKET HOURS DON’T COMPARE LAST RUNNING BARS AS IT WILL CHANGE BLUE AND RED ACORDING TO MARKET DIRECTION).
RED BARS: THIS BAR INDICATES THAT SCRIP IS ON A SELL SIGNAL, I.E. MARKET IS IN ON A DOWN SIDE DIRECTION . RED BARS WILL COME BELOW OLIVE GREEN STOP LOSS LINE .(IN MARKET HOURS DON’T COMPARE LAST RUNNING BARS AS IT WILL CHANGE BLUE AND RED ACORDING TO MARKET DIRECTION).
See the Images here ::
Hope to get something like this with SuperTrend.
Regards
Vinkal
Comment
-
Originally posted by vrathee View PostHi All
I am posting this trading system which looks like Supertrend concept. And it is being sold at $150 per month. It has got system which gives automatic buy and sell with targets. Explanation is given below ::
STOPLOSS LINE: THE SAID LINE MOVES SIDEWAYS IS CALLED STOP – LOSS LINE. IF THE RUNNING BARS GO ABOVE THE SAID GREEN LINE A BUY SIGNAL WILL GENERATE AND IF BARS GO DOWN BELOW THE GREEN LINE A SELL SIGNAL WILL GENERATE. FOR BUY AND SELL STOPLOSS IS THE OLIVE GREEN LINE. YOU WILL GET AN INDICATION THERE WITH A BUY ARROW OR SELL ARROW.
MARKET AVERAGE LINE: THIS LINE MOVES SIDE WAYS. THIS LINE IS THE MARKET AVERAGE TRADED PRICE. (ODIN AVERAGE PRICE).
YELLOW BARS: THIS IS CALLED THE BREAKOUT BAR. IF RATE CROSSES ABOVE THE BAR MARKET GOES UP. IF RATE CROSSES DOWN MARKET GOES DOWN SIDE. YELLOW BAR WILL GENERATE AUTOMATICALLY AT A TIME WHEN SELLERS AND BUYERS ARE EQUAL. THE SIDE IN WHICH MAJORITY PEOPLE JOIN AND BREAKOUT RATE, MARKET MOVES ON THAT SIDE, SO THE YELLOW BARS CALLED BREAKOUT BARS AND IS VERY POWERFUL.
GREEN BAR : THIS IS THE PREVIOUS DAY CLOSING BAR. IT IS A POWERFUL INDICATION ALSO.
BLUE BARS: THIS BAR INDICATES THAT SCRIP IS ON A BUY SIGNAL, I.E. MARKET IS IN ON AN UP SIDE DIRECTION . BLUE BARS WILL COME ABOVE OLIVE GREEN STOP LOSS LINE .(IN MARKET HOURS DON’T COMPARE LAST RUNNING BARS AS IT WILL CHANGE BLUE AND RED ACORDING TO MARKET DIRECTION).
RED BARS: THIS BAR INDICATES THAT SCRIP IS ON A SELL SIGNAL, I.E. MARKET IS IN ON A DOWN SIDE DIRECTION . RED BARS WILL COME BELOW OLIVE GREEN STOP LOSS LINE .(IN MARKET HOURS DON’T COMPARE LAST RUNNING BARS AS IT WILL CHANGE BLUE AND RED ACORDING TO MARKET DIRECTION).
See the Images here ::
Hope to get something like this with SuperTrend.
Regards
Vinkal
Regards
Vinkal
Comment
-
-
Originally posted by pgabriel View PostWould it be possible to put some kind of aaudio alert on this indicator to signal when a trend change has occured...? I am not a programer so I have no clue as to how to do this...
Check under the 'Alerts' section of the indicators parameters section.
Comment
-
-
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by geddyisodin, 04-25-2024, 05:20 AM
|
8 responses
61 views
0 likes
|
Last Post Yesterday, 10:45 AM | ||
Started by jxs_xrj, 01-12-2020, 09:49 AM
|
4 responses
3,288 views
1 like
|
Last Post
by jgualdronc
Today, 10:02 AM
|
||
Can someone turn this thinkscript into a ninjascript. 5PM CST OHL and Previous Day
by Option Whisperer
Started by Option Whisperer, Today, 09:55 AM
|
0 responses
5 views
0 likes
|
Last Post Today, 09:55 AM | ||
Started by halgo_boulder, 04-20-2024, 08:44 AM
|
2 responses
22 views
0 likes
|
Last Post Today, 09:41 AM | ||
Started by mishhh, 05-25-2010, 08:54 AM
|
19 responses
6,189 views
0 likes
|
Last Post
by rene69851
Today, 09:29 AM
|
Comment