DM referencing Boll bands and Keltner channels as a precondition for alerts

[simpletrades]

You helped me write my DM crossover indicator and got my triangles working properly, but I was wondering if requiring at least 1 boll band (upper or lower) to be outside the keltner channels might be a good filter.

Do i have to actually include code for both boll and keltner within my existing DM indicator or is there a simple way to add in the alert condition that if the lower boll is less than the lower keltner and/or the upper is greater, then alert as long as the DM is in the proper alignment etc..

I already do plot boll bands on my chart, but dont want to see keltner channels there too since its just too many lines along with the daily/wkly pivots so i just want the code to test for it without me seeing it.

I dont expect your answer to supply me with the scripting, but want to know if i do need to include script from all of them or can i just use the reference in my alert condition and let ninja find boll and keltner on its own.

If you think its easier, perhaps I could make a combined boll keltner script that colors boll one color if its totally within keltner and a second color if at least one band is outside. Then if my DM alerts I at least have a no brainer to decide the validity based on the boll color.

[NinjaTrader_Bertrand]

simpletrades, depends on your preference, either way is possible. Code the condition to test for price to be outside the bands into the existing alert indicator or create a 'no brainer' color indicator showing you this visually. I think it would be a useful filter if you adjust the width needed for a break to your market / timeframe, perhaps also a longer term frame in the background is good to see what you're trading into S/R wise...

Ideas around using Bollinger bands from the sharing can be found here -

http://www.ninjatrader-support2.com/vb/local_links_search.php?action=show&literal=1&search=bollinger&desc=1

[simpletrades]

simpletrades, depends on your preference, either way is possible. Code the condition to test for price to be outside the bands into the existing alert indicator or create a 'no brainer' color indicator showing you this visually. I think it would be a useful filter if you adjust the width needed for a break to your market / timeframe, perhaps also a longer term frame in the background is good to see what you're trading into S/R wise...

Ideas around using Bollinger bands from the sharing can be found here -

http://www.ninjatrader-support2.com/...llinger&desc=1

thanks, its not price i'm looking for outside, its just that at least one boll not be inside keltner. kind of like a reverse squeeze situation, especially because i use fast charts and the squeeze isnt intended for them.
in my case a squeeze setup would be a non entry on my 1 min or 344 tick since boll would be parallel even without keltner and that clearly implies too sideways of a market.

[NinjaTrader_Bertrand]

I see, thanks - the squeeze would be found in our sharing I believe, so you can take a look at how it's done and then reverse the setup for your case to arrive at a new condition to include in your signal.