• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

Elder's EMA Channel

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Elder's EMA Channel

    Hi,

    in Elder's Book "Come into my trading room" you find the disciption of the simple swing trading based on EMA channels.

    i.e.EMA 22 with 2 channels +- x%.

    I've done the smal scripting to plott the 3 emal lines.

    the width of the +- channel ema's must be fit individual for every stock.

    regards Ali
    Attached Files

    #2
    Thanks for sharing, Ali321!
    Ryan MNinjaTrader Customer Service

    Comment


      #3
      Originally posted by ali321 View Post
      in Elder's Book "Come into my trading room" you find the disciption of the simple swing trading based on EMA channels.
      i.e.EMA 22 with 2 channels +- x%.
      Thank you. This will help me in my study and testing.
      I hope this will work in Ninja Trader 7 too.

      BTW:
      The script is based on this formula, right?

      UPPER CHANELL= EMA+EMA* coefficient
      LOWER CHANELL = EMA-EMA* coefficient

      Comment


        #4
        Originally posted by Jaroslav View Post
        Thank you. This will help me in my study and testing.
        I hope this will work in Ninja Trader 7 too.

        BTW:
        The script is based on this formula, right?

        UPPER CHANELL= EMA+EMA* coefficient
        LOWER CHANELL = EMA-EMA* coefficient
        The formular is correct, you just have to customize the width variable as the coefficient.

        i.e. 0.1 for 10% coefficient....

        I haven't tested it with NT7, but will do itin the next days. I use the EMA channel very often.

        regards Ali,

        Comment


          #5
          Nt7

          Hi,

          my first steps with NT7 an the ema channel indicator is successfull, I'll post again if fixes needed.

          regards Ali

          Comment


            #6
            I tryed it.
            Works fine I think. Thank you again.

            BTW:
            Why you called indicator EMAdiff? This is not important, but I am interested in.

            I will rename it for my Ninja Trader 7 from EMAdiff to "EMA CHANELL by Elder". I think it explain better why this indicator was programmed ;-)

            Comment


              #7
              Hi, EMAdiff was just the working title, so feel free to rename it.

              It not realy comes from Elder. Hi coppied it from the book "Technical Analysis" from Gerald Appel.
              But I also found it first in Elders Book and later in Appels book. Hi explained it a little bit more.

              regards Ali

              Comment


                #8
                Hi Ali321,
                what is the diference between your indicator and MAEnvelopes already in NT7? I don't se any

                Comment


                  #9
                  Good day,
                  Is there any way we can get this indicator for NT8?

                  Thank you in advance,

                  Regards

                  Comment

                  Latest Posts

                  Collapse

                  Topics Statistics Last Post
                  Started by rickyblah12, Today, 06:19 PM
                  0 responses
                  2 views
                  0 likes
                  Last Post rickyblah12  
                  Started by ballboy11, Today, 05:22 PM
                  0 responses
                  2 views
                  0 likes
                  Last Post ballboy11  
                  Started by ballboy11, Today, 04:33 PM
                  2 responses
                  3 views
                  0 likes
                  Last Post ballboy11  
                  Started by dedouglas, Today, 03:16 PM
                  1 response
                  7 views
                  0 likes
                  Last Post NinjaTrader_ChelseaB  
                  Started by TradeMyth, Today, 02:45 PM
                  3 responses
                  19 views
                  0 likes
                  Last Post NinjaTrader_ChelseaB  
                  Working...
                  X