ChannelThis and updated DoubleMA

[ctrlbrk]

Hello all,

I've updated Rollins' DoubleMA indicator to add several new moving averages, eliminate the Print statements, and add a Signal and DMV dataseries. The Signal dataseries is 0 for neutral, -1 for short, 1 for long (helpful for strategies/indicators). The DMV dataseries will display the correct close bar value regardless of direction, a shortcoming of the original version.

DoubleMA allows you to plot any two moving averages together as a single line. Great work by Rollins.

Second, I've released a new indicator called ChannelThis which will allow you to place any two moving averages into a channel with various display options to allow you to identify breakouts or kill zones.

You can download from here:

http://www.ninjatrader-support2.com/vb/local_links.php?action=jump&id=196&catid=1

As always, more info is on my blog.



Mike

[ctrlbrk]

Also, as a reader of my blog pointed out, if you aren't using a Range chart (like I usually do) you'll want to increase the ATR length value to make the lines smooth.

For a 5 minute chart for instance, you might want an ATR length of 9 or 21.

Mike

[max-td]

Thanks Mike,
your stuff rules!
nothing more to say :-)

[hondo69]

Massively awesome Mike. Lots of flexibility built in as well. I like to filter out all the market noise I can and this looks like a great tool towards that end. I'm testing it with the HeikenAshi Smoothed indicator and a 4 Range setting.

It's kind of like going from AM radio to Satellite radio, all the noise disappears.

[trader1512]

the channelthis indictor will not maintain colors when charts are reloaded. any thoughts

[castille]

Me too

I'm having the same problem.

the indicator works for a while then things start acting up. I tried to reload and no colors are on chart.

It looked like it had some promise.

[ctrlbrk]

Guys,

This is because the colors need to be serialized (from what I am told). I will come back to it as soon as I can, too many projects not enough time! Gotta pay the bills first, then write blogs and give away indicators second

A quick painless workaround is to edit the indicator directly and just put in the colors you prefer (making them default).

Mike

[ctrlbrk]

Thank you max-td and hondo69. I appreciate it!

Mike

[John.2000]

ChannelThis Indicator - Slows down Ninja?!

I like this indicator! However it seems to slow down my charts and DOM tremendously! Wish there was a way around it.

I tried ChannelThis indicator today during live market, and after a frustrating day where it seemed that my charts froze up on me constantly (this seemed to occur when moves of 1 to 2 points took place on ES in a matter of 2 to 10 seconds - I use 2 computers with two separate data feeds, the slower computer that did not have this indicator was not affected during this) I realized the culprit may be one of my indicators. Sure enough after pocking around a bit and deleting a few indicators one at a time discovered that ChannelThis was the cause. Performance went back to normal after I deleted this indicator.

Anyone else noticed a similar issue?

Thanks all.

[NinjaTrader_Bertrand]

John, have you checked the logs as this 'slowing down' occurs? A clue might be found there to help you debug if you choose to do so...

[John.2000]

Channelthis Slowdown

Bertrand,

Thanks for the suggestion, how would I do that!


John

[NinjaTrader_Bertrand]

John, the log tab is the rightmost tab found in the Control Center, while the issue occurs please keep an eye on this.

[John.2000]

Channelthis Slowdown

Bertrand,

I monitored the log file during live market, however nothing posted during the slowdown! Any other suggestions?

John

[NinjaTrader_Bertrand]

John, sorry no, then you would need to step into the code section by section to drill down to where the 'bottleneck' is located.

[trader1512]

double ma for NT7

why doesnt this indicator work on NT7?

i have imported it and the setup show unknown for the paramaters