RSI Triple Divergence indicator and Market Analyzer for NinjaTrader NT8.

Divergence is very common and useful in technical analysis. It indicates possible reversal signals when there are discrepancies between RSI and price movement.

The definition of divergence is when price and indicator move in different direction,
for instance, when price is in uptrend and reaches a higher high where the indicator is in downtrend.

What is RSI Triple Divergence?

The concept of triple divergence is intuitional, if there are three continueous divergences in a row between current High and previous Peak then it will trigger a signal.

For example, a bearish RSI triple divergence is shown in the chart below, bar A is current High and it has a RSI divergence with bar B which is previous peak. Divergence also exists between A and C (the 2nd previous peak) as well as A and D(the 3rd previous peak).

The following chart is a bullish RSI triple divergence. There is divergence between bar A and bar B (previous trough), bar A and bar C (2nd previous trough), bar A and bar D (3rd previous trough).


Why Triple Divergence? Is it better than normal divergence?

I have created many single divergence indicators on different platforms but they only check the divergence in one of the three terms, short-term, mid-term or long-term. Regular divergence indicator will not exam all three terms at the same time, but Triple Divergence is capable of completing the task.

Sometimes there are too many divergence appear in a short range for the normal divergence indicator.

Let see these two charts below, the first one is Triple Divergence.

https://toslancer.files.wordpress.com/2017/08/eeb8d-rsi2bdiv2bvs2b252822529.png?w=700

The 2nd one is normal divergence which has more signals.
https://toslancer.files.wordpress.com/2017/08/e3833-rsi2bdiv2bvs.png?w=700

More signals is not necessary a bad thing, but a signal (Triple Divergence) is confirmed via short, mid and long terms could be more solid.

It doesn’t necessarily mean the Triple Divergence is definitely better than the normal version, they detect signals from different angles.

Features:

  1. Instant signal on current(last) bar, no repaint.
  2. Alert when a signal appear.
  3. Select different sound alert files.
  4. Enable to show lines between Highs and Lows.
  5. Please note: it doesn’t work in Renko chart.

You can add new sound files to your NT8\sounds directory.

The following video shows how it plots in realtime.

More screenshots.

 

It also comes with a Market Analyzer which makes it possible to track signals within any timeframe.  The input “Range” is used to check if there was a signal within the given number of bars.

 

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Auto ZigZag Fibonacci extension indicator Ninjatrader NT8

Fibonacci retracement is a method of technical analysis for determining support and resistance levels. They are named after their use of the Fibonacci sequence. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction.

This custom Ninjatrader indicator will plot Fibonacci extension lines automatically from previous Zigzag High or Low. It works on any timeframe and chart type that supports ZigZag, such as Renko, Heiken Ashi, Range and Tick.

It uses the built-in version of Zigzag from NT8, but instead of plotting Zigzag on chart, it draws the Fibonacci extension lines.

It has all the inputs of Zigzag and two additional inputs for Fibonacci extension, if you checked “Show Extra lines”, it will plot the Fibonacci retracement of 0.236, 0.382 and 0.618 above and below the 0% and 100%.

 

If “Use Recent ZigZag” is enabled, the indicator will use the most recent stable ZigZag, otherwise it will use the previous one. Please check the images below for a better understanding.

The indicator may not work properly if there was not enough bars on the chart.

In general, 800 bars is good, but it also depends on the ZigZag Deviation value you set.

The bigger the Deviation value is the more bars you need to load.

You can change “bars to load” by following the pic below.


The fastest way to access your fav inputs is saving it as Templates.

The price percentage change of Stock, Forex and Futures vary widely in the same timeframe.

In most case, Stocks have higher percentage change than Forex and Futures.

Deviation percent value 0.01-0.065 is good for Forex in 1 to 5 minutes chart, but it may not work well for stocks or futures.

Please check the screenshots below to get some ideas of how to properly set the inputs.

Example of Heiken Ashi:

Example of Renko:

Example of Tick.

Example of  Range:

Example of minutes:

True Center Band (TCB) indicator for NinjaTrader 8 NT8

This is the NinjaTrader 8 NT8 version of True Center Band (TCB) indicator

If you have purchased NT7 version, you can get it for free.

 

You might wonder, is there an indicator can show the trend, different levels of support and
resistance, and the boundary of price action? The answer is yes, True Center Band (TCB) indicator is
capable of doing all of them.

It consists of one center line to measure the center of price range within a given period,
and three channels (bands) represent different support and resistance levels.

True Center Band may look like some other indicators, such as Center of Gravity (COG) and polynomial
Regression Channel (PRC). But there is one major difference, TCB never repaints, because it is not
calculated by future data. Reliability makes TCB looks good, works better.

True Center Band is specially designed to work on all intraday charts (tick, mins, renko, range, etc.) and daily chart.
It also works on all markets (Stocks, Futures, Forex, Options,ETF, etc.)

 

For more details please check the NT7 version description.

http://www.patternsmart.com/cart/index.php?route=product/product&product_id=311&search=tcb

 

 

 

 

 

 

 

 

Flow of fund (FOF) indicator for NinjaTrader 8 NT8

This is the NT8 version of Flow of fund (FOF) indicator

Get it from: http://www.patternsmart.com/cart/index.php?route=product/product&product_id=364
Flow of fund (FOF) simply refers to the direction of money in the market. FOF indicator shows how the flow of funds impacts market price.

The idea of this indicator is very intuitive, prices raise when cash flowing into the market and drop when cash flowing out of market.

The calculation of FOF involves three basic but the most important elements of the financial market: TIME, PRICE and VOLUME.

Flow of fund indicator consists of two parts:

  1. HISTOGRAM shows the total amount of money get in or out of the market within 1 bar.
      • If selling pressure is stronger than buying pressure, it will be a red bar,
      • otherwise, it will be a green bar.
    • Two Flow of fund trend lines, indicating the short and long term movement of money flow.
      • Fast trend line uses a shorter period of time.
      • Slow trend line uses a longer period of time.
      • The length of period of both trend line is adjustable by user.

    The orange line in the images is slow FOF, the blue line is fast FOF.

    It works within all time period (Tick, Minutes, Daily, Weekly, Monthly) with VOLUME.

     

     

     

     

     

     

     

    Related articles:

    Prices always follow the Flow of fund, how to use the flow of fund indicator.

    The role of flow of funds indicator in day trading.

    Multi Time Frame MTF Moving average MA indicator Pro Ninjatrader 8 NT8

    This Multi Time Frame Moving average MTF MA indicator includes the following moving average type: SMA, EMA, WMA, DEMA, HMA, TEMA, TMA, VWMA.

    Get it now:  MTF MA Pro ver. NT8

    You can use all the following timeframes:

    Please make sure you load enough number of days.

    If it doesn’t plot on chart, just load more days.

    You can apply more than one MTF MA indicator on chart with different MA type and timeframe.