Are you searching for an ASCTrend-style indicator for NinjaTrader 8? We have one: DWIN Trend, which was named after a senior developer of ninZa.co's who is in charge of this indicator.
DWIN Trend is based on the Williams %R oscillator. For your information, Williams %R is similar to an inverted stochastic with a range from -100 to 0. We made 2 updates to Williams %R:
- We shifted up Williams %R by 50 to make the oscillator center around zero (ranging from -50 to +50), which makes it more convenient for graphical display.
- DWIN Trend allows you to smooth Williams %R with any of 10 popular smoothing methods.
DWIN Trend lets you define a high region & a low region (e.g. above +30 and below -30). Then:
- When Williams %R reaches +30, the trend switches from downtrend to uptrend. The uptrend maintains until Williams %R falls below -30. Depending on the value of Williams %R (and “Sensitive Mode”), an uptrend is divided into 2 strong phases: strong & weak.
- When Williams %R falls below -30, the trend switches from uptrend to downtrend. The downtrend maintains until Williams %R reaches +30. Depending on the value of Williams %R (and “Sensitive Mode”), a downtrend is divided into 2 strong phases: strong & weak.
A trend resuming signal is given when a trend (either uptrend or downtrend) switches from weak to strong. This signal is especially valuable to trend followers.
Key features:
- Plot Williams %R
- Allow configuring "Sensitive Mode"
- Allow smoothing Williams %R (with
)
- Paint background to show 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Paint bars based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Colorize Williams %R based on 4 phases: uptrend strong, uptrend weak, downtrend strong, downtrend weak
- Highlight high & low regions
- Print markers on trend shift
- Trigger alerts on trend shift
- Print markers on trend resuming
- Trigger alerts on trend resuming
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_Trend: 2 = uptrend strong, 1 = uptrend weak, -2 = downtrend strong, -1 = downtrend weak
- 09 Apr 2021 - The Zero line was added.
- 14 Sep 2020 - A minor issue with "soundPath" was fixed.
- 04 Aug 2020 - Alert popup was visually enhanced.
- 20 Jul 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, bar painting, chart info, property naming/positioning/grouping).
- 15 Mar 2020 - The indicator was released (build new).
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