Hey Rtm, Did you hold on to your long during the NFP spike? I completely messed up and lost about 2%. It didn't start rising properly until after I'd gone to bed! Not a great start to the weekend but you live and learn. I'd be interested to hear if ...

Nikkei 225

Yeah, I use IB for both long-term investing (low-cost ETFs) and short-term trading (FX and futures) at the moment. I really like the fact that when I login I can see everything right there in front of me, both long-term and short-term performance. ...

Just a bit of advice, for anyone, for free

There's also the NinjaTrader route, which uses C# rather than MQL. You can build powerful "strategies" (EAs) that run in Ninja but execute trades through your broker. I know C# is different to C++, but my background is VB and it wasn't difficult for ...

Just a bit of advice, for anyone, for free

Hi Innate, Thanks for the nice idea and don't worry, you aren't hijacking the thread! One of the reasons I make my ideas and code public rather than keeping them to myself is to help generate new ideas and code from smart guys like yourself ...

Better ADL

That's it from me for now, unless there are any questions or comments. I hope you'll find these new versions of the ADL useful. I for one will certainly be using them from now to help with my trading decisions. Good luck everyone

Better ADL

On these charts: Blue (top): BADL calculating on 1 minute bars Green (middle): TZADL calculating on 1 minute bars, using +1 for Mid Up TZ and -1 for Mid Down TZ Red (bottom): TZADL calculating on 1 minute bars, using TZ heights (in pips) Both TZADLs ...

Better ADL

Transient Zone ADL Here is the NinjaTrader version of kprsa's indicator. I've renamed it TZADL (Transient Zone ADL): file There are three parameters that can be set by the user: Bar calculation period Period of each bar (in minutes) on which the ...

Better ADL

ADL transient So, here is the same chart as the last post but with kprsa's ADL_transient indicator added. I've removed one of the BADLs for clarity. The lines are: Blue (top): BADL calculating on 1 minute bars Red (middle): original ADL Green ...

Better ADL

EUR.USD M15 When you get to lower timeframes, the differences between Better ADL and Original ADL become less obvious. And I've found that a great way to use it, apart from looking for relatively rare divergences, is to gauge the relative strength ...

Better ADL

Nikkei Emini M240 Time for equities to rise? (yellow arrow) image By the way, the blue line is Include gap spreads = true (probably better for the Nikkei), and the green line is Include gap spreads = false. Actually it doesn't seem to make a lot ...

Better ADL

Thanks Innate. Yes, I need to play around with the parameters, maybe this weekend, in order to find the best combination. But I can't help thinking that smaller is better for the bar calculation period, even on the daily

Better ADL

EUR.USD M240 The upmove following FOMC doesn't look so convincing on this scale (BADL blue line), so I'm tightening my stop to 1.1385 (spot price) just in case.

Better ADL

EUR.USD Daily Reversal So does the BADL ever diverge from price to predict a reversal? Here is the same 6E daily chart but shifted to the left to show the start of the reversal from 1.05. You can see that the first yellow line is much steeper on the ...

Better ADL

EUR.USD Daily Here is a chart of the CME 6E contract (EUR.USD) showing the original ADL and two versions of the Better ADL (BADL). The bottom red line is original ADL. The middle green line is BADL calulating on the daily bars. The top blue line is ...

Better ADL

Here is my initial version of the BADL indicator for NinjaTrader, including source code. Sorry for the delay, it was caused by: 1. Making the mean spread calculation more efficient (subtracting from and adding to a running total rather than looping ...

Better ADL

I totally agree. Watching these professionals share their insights, some of whom have been trading for more than 30 years full time, is truly inspiring.

Let's Trade Options

Thanks slicken, and yes you're right. It calcuates an intial ratio in the same way as mine: (Close - Open) / (High - Low). I must have misread about it not using price, or maybe it was modifed after that. It doesn't apply the mean spread of the ...

Better ADL

Yes, -1/6 is fine for both of these bars. In the context of VSA, these kind of bars can be very meaningful, depending on their volume and the "background volume" (volume of nearby bars) at the time. But in the context of a simple indi like ADL or ...

Better ADL

Absolutely k, go for it! I was hoping that you or one of the other great MT4 coders would convert it because, as you know, I only program NinjaTrader stuff, which is a fat lot of use to most people on here. The start of the week is really busy for ...

Better ADL

That's a great compliment Jim, thank you very much However, I can assure you that I'm not one of the best traders on this board . Not yet, anyway.

Better ADL