Double MA

[dmod1]

Does anybody have the Double MA indicator for NT 7? I have it for NT 6.5 but doesn't work in NT 7. If someone it can you please post or send it to me. THanks

[price777999]

bump ...looking for this too

[arbuthnot]

Does anybody have the Double MA indicator for NT 7? I have it for NT 6.5 but doesn't work in NT 7. If someone it can you please post or send it to me. THanks

What exactly do you mean by 'Double MA'?

In any case, NT7 does have one: DEMA - comes supplied, only one line of code as follows:

Value.Set(2 * EMA(Inputs[0], Period)[0] -  EMA(EMA(Inputs[0], Period), Period)[0]);

[price777999]

found it :

http://www.ninjatrader.com/support/forum/showthread.php?t=65368

[arbuthnot]

found it :

http://www.ninjatrader.com/support/f...ad.php?t=65368

Thanks for finding that. It looks a very useful - and especially smooth - indicator.

Remember to download the ind from post #4 in the thread given in post #4 of this thread. The other links are for earlier versions.

What's very good is that you can choose between a selection of moving average types: EMA, HMA, etc. (In my opinion, HMA is the best of all.)

It's interesting to look at the coding: it's quite complex.

[arbuthnot]

Just to add that there are arrows indicating the maxima and mimima, i.e. the turning points.

But these are deceptive: they are not placed where you can place a meaningful trade using this system. You can only know (in realtime) if the ind is rising or falling a bar later in every case. It wouldn't be difficult to set 'ShowAroows' to false and then code in sometime 'realtime' valid' arrows in a strategy.

This sort of thing can be a trap when things look better than they seem!

[price777999]

yes , I wouldn't use it to trade ... it smooths out price direction well .