Every so often, people ask me about an indicator that will make virtual large bars on top of their faster trading bars. The idea is to be able to visualize the larger-scale context without resorting to a second chart. In the spirit of the upcoming US Thanksgiving holiday, I made one today for [...]
This is the second of many free indicators I plan to release. Since it massages the TICK data in ways I wasn’t sure was appropriate, I call it “The TICK Molester!”
As I’ve mentioned in the blog comments recently, I’m going to start releasing some indicators here for free.
Today’s indicator is: The Laguerre ECO!
Idea Behind the Indicator
Most indicators out there run on bars. Let’s take a 3-period moving average. You compute it on the Close, the previous Close, and the Close before that. [...]
I’ve made a couple of enhancements to my quick-and-dirty PnF bars for Ninja. Now, they:
They are compatible with advanced volume studies like VR4×1 and Volume Splitter
They show you where price is at every tick. The last version held the bar in its standard PnF shape, no matter where price was. This one [...]
Many of you know that I really like to follow what Multicharts calls “point(original)” bars. Unlike traditional range bars, these hold the range from open to close at a constant.
Well, not long ago I saw a model for how to make custom bar types on ninjatrader. Those were for renko bars, and I [...]
Hi everybody. As this video explains, people have asked me so often for renko bars on Tradestation and Multicharts that I finally gave in and made a little indicator for it. You can’t apply indicators to the resulting chart, which is why I almost always turn down these requests for exotic bar types. [...]
I’m sure I could have found it online somewhere, but this is an easy indicator, so I coded it up myself. Programming for TradeStation is pretty easy so far. I was able to start up the platform for the first time last night, and I’ve already duplicated the most important aspects of my [...]