Composite Index indicator by Constance Brown for NT?

[laurus12]

Note: This indicator is in violation of United States Copyright Laws. The copyright owner and creator of the original code is Cardwell Finacial Group and Andrew Cardwell. The name of the original indicator is CFG MO (Cardwell Financial Group Momentum Oscillator) or just CFG. The code is copyrighted at the United States Copyright Office as "Relative Strength Index : advanced /by Andrew E. Cardwell, Jr." with registration/date number TX0003375191 / 1992-07-22. Mr. Andrew Cardwell can be found and contacted at cardwellrsiedge.com and cardwellrsi at hotmail dot com.

Edit: Also referring to post # 3 and 6

Hi!

I am wondering if someone have the Composite Index indicator by Constance Brown for NT (Described in her chapter in "Breakthroughs in Technical Analysis")?

If not, could someone please give it a try?

Thanks.

Laurus12

---------------------------
The formula for TradeStation with some guides is:

-Create two functions in EasyLanguage first. The first is a 9-period momentum study of RSI. This can be written as:
RSIDelta = MOMENTUM(RSI(CLOSE,14),9)

-Then a smoothed short period RSI is created,
RSIsma = AVERAGE(RSI(CLOSE,3)3)

-The indicator can then be created:
INDICATOR: COMPOSITE INDEX
Plot1(RSIdelta+RSIsma,"Plot1");
Plot2(average((plot1),13),"Plot2");
Plot3(average((plot1),33),"Plot3");

---------------------------
The MetaStock Format is:

A = RSI(14)-Ref(RSI(14),-9)+Mov(RSI(3),3,S);
Plot1 = Mov(A,13,S);
Plot2 = Mov(A,33,S);
A;Plot1;Plot2;

---------------------------
For MetaTrader 4 is:

#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Black
#property indicator_color2 SeaGreen
#property indicator_color3 Teal
#property indicator_level1 0
#property indicator_levelcolor Silver
#property indicator_levelstyle 2
#property indicator_level2 50
#property indicator_levelcolor Silver
#property indicator_levelstyle 2
#property indicator_level3 100
#property indicator_levelcolor Silver
#property indicator_levelstyle 2
//
//
//
//
//
extern int RSI.Price = PRICE_CLOSE;
extern int RSI.SlowLength = 14;
extern int RSI.FastLength = 3;
extern int Momentum.Length = 9;
extern int SMA.Length1 = 3;
extern int SMA.Length2 = 13;
extern int SMA.Length3 = 33;
//
//
//
//
//
double buffer1[];
double buffer2[];
double buffer3[];
double working[][3];
//+----------------------------------------------------------------------------------+
//| |
//+----------------------------------------------------------------------------------+
//
//
//
//
//
int init()
{
SetIndexBuffer(0,buffer1);
SetIndexBuffer(1,buffer2);
SetIndexBuffer(2,buffer3);
return(0);
}
int deinit()
{
return(0);
}
//+----------------------------------------------------------------------------------+
//| |
//+----------------------------------------------------------------------------------+
//
//
//
//
//
#define __slowRSI 0
#define __fastRSI 1
#define __composite 2
//
//
//
//
//
int start()
{
int counted_bars=IndicatorCounted();
int i,r,limit;
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit = Bars-counted_bars;
if (ArrayRange(working,0) != Bars) ArrayResize(working,Bars);
//
//
//
//
//

for(i=limit, r=Bars-i-1; i >= 0; i--,r++)
{
working[r][__slowRSI] = iRSI(NULL,0,RSI.SlowLength,RSI.Price,i);
working[r][__fastRSI] = iRSI(NULL,0,RSI.FastLength,RSI.Price,i);

double RSIDelta = working[r][__slowRSI]-working[r-Momentum.Length][__slowRSI];
double RSIsma = iSma(__fastRSI,SMA.Length1,r);

working[r][__composite] = RSIDelta+RSIsma;

//
//
//
//
//

buffer1[i] = working[r][__composite];
buffer2[i] = iSma(__composite,SMA.Length2,r);
buffer3[i] = iSma(__composite,SMA.Length3,r);
}
return(0);
}
//+----------------------------------------------------------------------------------+
//| |
//+----------------------------------------------------------------------------------+
//
//
//
//
//
double iSma(int forBuffer,int period, int shift)
{
double sum =0;

if (shift>=period)
{
for (int i=0; i<period; i++) sum += working[shift-i][forBuffer];
return(sum/period);
}
else return(working[shift][forBuffer]);
}

[NinjaTrader_JoshP]

laurus12,

If no one picks you up on this request and you would still like it professional made you can also consider one of these 3rd party NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[eDanny]

I gave it a quick try and it look ok but I don't know if it is right or not.

Dan

Edit: Referring to post # 6 I will add this note below.

Note: This indicator is in violation of United States Copyright Laws. The copyright owner and creator of the original code is Cardwell Finacial Group and Andrew Cardwell. The name of the original indicator is CFG MO (Cardwell Financial Group Momentum Oscillator) or just CFG. The code is copyrighted at the United States Copyright Office as "Relative Strenght Index : advanced /by Andrew E. Cardwell, Jr." with registration/date number TX0003375191 / 1992-07-22. Mr. Andrew Cardwell can be found and contacted at cardwellrsiedge.com and cardwellrsi at hotmail dot com.

[laurus12]

I gave it a quick try and it look ok but I don't know if it is right or not.

Dan

Whao! You really made my day Dan. From how it behaves I think you got it just right. Thank you so much. I am a newbe on NT and this indicator is very important to me.

It was made for warning when RSI is failing to show divergence. It can also alert when RSI is failing to show positive and negative reversal signals in a trend.

I use it with both RSI and MACD. With MACD when it starts to show divergence but has not really turned yet. I pinpoint the turning point for the second MACD swing singnal in advance with the CI.

Again thank you so much!

[laurus12]

The CompIndex works correctly

Dan. I have double checked with another platform with the same instrument which showed that the Composite Index you coded works correctly.

Regarding the indicator itself I can mention that the moving averages are useful to determin support and resistance in price. When the indicator turns at a moving average line it signals support or resistance. When turning at a moving average cross it sigals strong support or resistance.

Thanks.

[laurus12]

A Mistake: This is acctually the CFG Momentum Oscillator by Andrew Cardwell

Hello Guys,

Without my knowledge I have done a mistake when having this indicator coded. I have found out that the copyright owner and creator of the original code is Cardwell Financial Group and Andrew Cardwell. So this is not originally the "Composite Index" and Constance M. Browns work. I have checked out with the United States Copyright Office and spoken to Mr. Cardwell himself where he has shown me his work, so there is no doubt.

The original indicator is called CFG MO or just CFG. The only difference in the code compared to the one posted in this thread is that the original uses different timings for the moving averages of the indicator.

Mr. Andrew Cardwell can be found and contacted at cardwellrsiedge.com and cardwellrsi at hotmail dot com.

My apologies to Mr. Cardwell.

- Laurus12

Edit: Referring to legal notice in post # 1 and 3

[charangoldy]

composite index

Hi

Greetings

I am ta student from india.

I require your support.

Can you help me in coding Composite index for wealtlab software.

Regards

Charanpreet singh

[laurus12]

Hello Charanpreet,

The thing is that as it says in the first post the "Composite Index" is not the "Composite Index", but the CFG MO officially registered as proprietary code at the United States Copyright Office as the "Relative Strength Index : advanced" owned by Andrew Cardwell.

After my conversations with Andrew Cardwell it has been my clear impression that since the code is already out in the open he would like people to know that the code in the "Composite Index" is his proprietary work and that it should as an indicator rightly be called the CFG MO (Cardwell Financial Group Momentum Indicator).

In respect of Andrew Cardwell I would recommend you first contacting him via cardwellrsiedge.com and ask him if it would be okay that the platform code versions already available are being used for making a CFG MO version for the WealthLab platform.

Best regards,
Laurus

[Harry]

I have coded a version of the CFG Momentum Oscillator for NinjaTrader. After talking to Andrew Cardwell, I have not yet made it available for NinjaTrader users. If Andrew agrees, I could publish it here.

The formula has been published by Constance Brown for her Composite Index, which is identical to the CFG Momentum Oscillator.

A sample chart is attached.

[laurus12]

Hello Harry,

Just for the record, I checked the patterns and timing of the levels with your CFG and it seems to be working perfectly.

It would have been nice if people would have the option to download the right one instead of the other.

Laurus

[charangoldy]

Dear Laurus

Thanks for the info.
I have requested Andrew for using it for wealthlab.
Reply is awaited.
Can we have its interpretations.
As it doesnt hangs under 0-100.
Are divergences turning point unlikely rsi 14.
Are reversals and range shift possible in MO.
If we can get wealthlab code.
I can wrk on it.

Regards

Charanpreet

[laurus12]

Hello Charangoldy,

Good that you contacted Mr. Cardwell.

The common simple basics with the CFG is that it will alert when the RSI is failing to show divergences. But I think based on how the RSI works and price behaves the "failing" part in this statement is flawed. Note that I do not have this statement from Mr. Cardwell, but is a statement coming from C. Brown. The RSI is doing what it is supposed to do and does this well. On the other hand with price behavior, I think it would be futile to ever expect that there might be a price indicator which will show divergences at every turning point when there in fact are many turning points in the markets with increasing momentum before it turns around.

Since the CFG is a much more sensitive indicator than the RSI it will also show reversal signals. For that I would recommend using "wave" channels as support and resistance lines within the indicator. Opposed to using range shifts with the RSI this is how I find the CFG useful. By this one can both time reversals and divergences.

I do not know your trading background and experience, but when you start working with this you should have in mind that context is always the absolute ruling factor. People are complaining about indicators not working consistantly, but this is because they have not grasped the concept of context. Absolutely all indicators (no matter what they are based on) on a given time frame will fail too many times when using them against context. So when having a series of wins and then loosing it all back doing exactly the same thing it's because they went against context. In other words they went against the flow of the market unaware doing so. So keep a clear strategy and clearly defined concepts on when trend has changed using several time frames. NEVER deviate from this. You might get lucky if you go against this, but you will not survive in the long run.

Just for the record: Range shifts with the RSI is purly a invention and a concept by Andrew Cardwell.


Good luck,
Laurus

Dear Laurus

Thanks for the info.
I have requested Andrew for using it for wealthlab.
Reply is awaited.
Can we have its interpretations.
As it doesnt hangs under 0-100.
Are divergences turning point unlikely rsi 14.
Are reversals and range shift possible in MO.
If we can get wealthlab code.
I can wrk on it.

Regards

Charanpreet

[charangoldy]

Dear Laurus
Greetings
Thanks for ur useful post.
I


t will be of great help to all of us.
Will work on MO in depth to find key parameters for using it.

And will share the same

Regards

Charanpreet singh

[veyron89]

can somebody tell me where i can find this inidicator in.jar file ?

[Harry]

can somebody tell me where i can find this inidicator in.jar file ?

The zip file is below and you can directly import it into NinjaTrader.