DWIN Trend

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.

• Plot Williams %R
• Allow configuring "Sensitive Mode"
• Allow smoothing Williams %R (with
  11 popular moving averages
  )
• 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