I am reaching out to NT community to see if someone can help me with an indicator.
I have found this little MT4 indicator which seems to be helpful in identifying the trend. It is called TMA (tunnel moving averages?) I am not sure if NinjaTrader has any similar indicator or not. I have looked at Keltner Channel indicator but it is too choppy as compared to this TMA indicator.
Explanation: As I understand this indicator consists of 3 parallel bands. Middle band is a LWMA (Linear Weighted Moving Average) which is typically set at 56 LWMA and outer bands are 2xATR(100). It would be great if some can point to a similar indicator on Ninjatrader or can code this to NinjaTrader in his spare time.
I am attaching a screenshot and MT4 code with this post.
Thanks.
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