Archive for the 'Trending Indicators' Category
Summary
All right NinjaTraders, here you go! This is another Hilbert Sine Wave Indicator that was translated from TradeStation. I suspect that there are several more Hilbert Sine Wave Indicators out there, but unless there are overwhelming requests for extra variations, I'm going to continue treading forward... Next stop - is a secret, but if you ever visited my old site pairs-list.com you might know what's up my sleeve!! In the mean time, just download the latest version of the Hilbert Sine Wave Indicator and relax.
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Usage
This is another Hilbert Sine Wave Indicator and is very similar to the other Hilbert Sine Wave Indicator that I converted just a few days ago, but I like this one a bit better, as it provides a smoother curve overall. But as with all of John Ehler's cycling indicators, make sure that you are using other indicators, like RSI and Williams %R to confirm your signals.
Downloads
Download Another Hilbert Sine Wave Indicator.Zip
Happy Trading!
Summary
OK Guys... I didn't want my TradeStation buddies to get too jealous.... I'm sure that most of you have seen that I posted code for the Hilbert Sine Wave Indicator for NinjaTrader last night, and I really didn't want anyone to feel left out, so here it is.
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Usage
The Hilbert Sine Wave Indicator is based on John Ehlers Hilbert Sine Wave Indicator from his book Rocket Science for Traders. This isn't the original code given in the book, but a variation that is better smoothed. I highly recommend that you read the chapter on the Hilbert Sine Wave Indicator from his book for the best explanation.
Downloads
TradeStation Hilbert Sine Wave Indicator (ELD and Workspace)
Happy Trading!
Summary
All right all you Happy NinjaTraders, here you go, just 12 hours after my first release of the Hilbert Sine Wave Indicator and I have another version out. This is the original Hilbert Sine Wave Indicator, as translated from John Ehlers book Rocket Science for Traders: Digital Signal Processing Applications. In this version of the Hilbert Sine Wave Indicator, you'll notice that it is a lot choppier than my first version that I posted, but notice on page 104 of John Ehlers book, that his example was also choppy. I think that is why there are so many versions out there of the Hilbert Sine Wave Indicator, to try and smooth some of the choppiness and get more defined buy/sell signals. Commercially, I believe that there are many proprietary blends available for other trading platforms, but none for NinjaTrader that I am aware. For prosperity sake, this version of the Hilbert Sine Wave Indicator is priceless!
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Usage
Rocket Science for Traders has an entire chapter on how the Hilbert Sine Wave Indicator works and should be used, so I won't even try to explain things the way that John Ehlers does, but I would recommend that you buy his book for an excellent and in-depth explanation of the Hilbert Sine Wave Indicator. This indicator is both a trending and a cycle measurement indicator, and as with any other indicator, should be used in conjunction with other indicators.
Downloads
Original Hilbert Sinewave Indicator.Zip
Happy Trading!
Summary
OK Guys... Ask and you shall receive!
I had an overwhelming series of requests for the Hilbert Sine Wave Indicator .... so here it is, and to my knowledge, it is the only Hilbert Sine Wave Indicator available for NinjaTrader.... So you saw it here first :)
.... but before you head down to the bottom of the page and download the Hilbert Sine Wave Indicator, I'd like to take just a moment of your time, if you don't mind... if you do, just skip down and download the Hilbert Sine Wave Indicator.
Now... for the rest of you, I'd like to thank you for informing me of the power of NinjaTrader. No seriously. I had heard of it in passing, but never had used it. Shame on me! I really like it. And converting TradeStation's EasyLanguage to NinjaTrader is a breeze!
So this is why I wanted you to stick around.... I want to help the NinjaTrader community grow.... and I mean grow BIG! Like with a capital BIG! The only thing that I've heard of that is slowing down the growth of NinjaTrader, is the lack of indicators available .... This is where you come in! OK, are you ready?
Make a Request!
That's right, all I need of you is to request your favorite indicator. If there is TradeStation code for it, I can have it up online in a few days.... if there's a book or webpage that describes it.... well it could take longer... the more information that you give me, the better, and the faster that I can get it up online for the entire NinjaTrader community to enjoy! So go ahead and browse through the screenshots and see what you think. I was so excited to get this indicator up that I didn't write an instruction file to go with it, so if you need any help with it, let me know!
Screen Shots
Usage
OK guys, I was so excited to get the Hilbert Sine Wave Indicator out the door, that there isn't even a help file included with it. Don't worry, I'll get one for it this weekend. In the mean time, just download the Hilbert Sine Wave Indicator below, and use the NinjaTrader import facility to import the indicator. Then include the indicator the same way that you would any other indicator. The name of the indicator is TazaHilbertSineWaveInd (no use of hyphens or underscores, so I did the best I could). Any how, if you're not familiar with this indicator, the Hilbert Sine Wave Indicator was invented by John Ehlers. The book that I'm familar with him writing on the subject is Rocket Science for Traders: Digital Signal Processing Applications which also includes a lot of EasyLanguage examples that I can translate to NinjaTrader, if you make your requests! (Hint, Hint!!).
Downloads
Taza_Hilbert_Sine_Wave_Indicator.zip (NinjaTrader)
Happy Trading!
Summary
This is Tushar Chande's RAVI Indicator (Part I) from his book "Beyond Technical Analysis"
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Usage
Chandes RAVI indicator is a great trending indicator for stocks and equities. Tushar Chande describes a 3% line, that if the indicator crosses over this line, it is considered trending, either in a bullish or a bearish manner. The RAVI indicator doesn't know the direction of the trend (as is common of most trending indicators), but can tell you that it is a trend. I've found that for Forex and Currencies, 3% is too high, so I've added an input variable to the RAVI Indicator so that you can change the percentage value. I've found 1 1/2 - 2 % to be very good indicator values for the RAVI.
Downloads
Chandes RAVI Indicator (ELD and Workspace)
Happy Trading!
Summary
The Chaikin Money Flow Indicator (CMF) is, in my opinion, one of the most powerful trend indicators out there. The Chaikin Money Flow Indicator was developed by Marc Chaikin in the late 90's for S&C. I searched high and low for a TradeStation version of this, but came up short. So this one is a custom conversion. I tested it against StockCharts.com and it performed very similarly
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Usage
Chaikin Money Flow is a Bull and Bear trend indicator. Basically the value of the CMF doesn't tell you much but whether it is positive or negative tells you if the stock is trending bullishly, or bearlishly. Length of time in the bear or bull trend is also very important. If the Chaikin Money Flow indicator drops from bear to bull or bull to bear for a short time and returns to it's previous reading, it is thought to mean nothing and can be ignored, provided that your other indicators agree. Never use the Chaikin Money Flow by itself, and always use the Chaikin Money flow with another indicator to confirm. I personally use RSI, Slo Sto and Williams %R along with Chaikin Money Flow. Good Luck and post a comment below if you have any updates or experiences using the Chaikin Money Flow indicator
Downloads
Chaikin Money Flow Indicator (CMF) (ELD and Workspace)
Happy Trading!
Summary
Simply put, the Consecutive Counter Indicator(s) will plot the ups and downs that have occurred consecutively. If there were four ups and six downs in the last X number of bars, it will show a -2, regardless of what order they came in. There are actually 2 different versions of the consecutive counter indicator included in this download.
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Usage
Use the consecutive counter indicator to view possible trends in the stock that you are trading.
Downloads
Consecutive Counter Indicator (ELD and Workspace)
Happy Trading!
Summary
The Bull and Bear Balance Indicator is based on an article written by Vadim Gimelfarb in the S&C Magazine.
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Usage
There is no clear information on how to smooth the plot, but it appears that this indicator is a trending indicator, and should be used in conjunction with other indicators.
Downloads
Bull and Bear Balance Indicator (ELD and Workspace)
Happy Trading!
Summary
When you want to discuss Bollinger bands you should go no further than the creator John Bollinger of Bollinger Capital Management. The Band Width Indicator was created by John Bollinger to see trending faster than the ADX.
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Usage
The Band Width Indicator is a measure of a trend. It will move earlier, as well as reset itself earlier, than the ADX. When the Band Width Indicator is low there is no trend; however, when there is a positive slope, look out as it is indicating a trend.
Downloads
Happy Trading!
Summary
Aroon is an indicator written by Tushar Chande in 1995 to identify trends in the stock market.
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Usage
The Aroon indicator uses two lines, an uptrend line and a downtrend line, to identify whether a stock is trending up, or trending down. There is a great article at Investopedia that explains the Aroon indicator very well.
Downloads
Aroon Indicator (ELD and Workspace)