Stochastic Momentum Index

[NinjaTrader_Brett]

Hello,

PLease see post number 10 to download and them inside NinjaTrader goto Control Center->File->Utilities->Import NinjaScipt to import this indicator into NinjaTrader. Import the full .zip file no need to extract it.

Let me know if I can be of further assistance.

[liam33]

I tried the download for SMI but it didn't load after following the instructions. Any other ideas. I'm on Ninja 7.0.1

[NinjaTrader_Bertrand]

liam33, welcome to our forums, which zip did you download? Do you see any error being reported as you try to install the file via File > Utilities > Import NinjaScript?

[liam33]

I downloaded the one from eDanny at 12:03-22-2010, 12:25 AM

Just went back in to try again and get the message

Says that I have custom NinjaSCript files on my PC that have programming errors. These errors must be rsolved before I can import a NS Archive File.

This is what it said whenI tried to install this the first time. Can't remember exactly what it said but it went further in the process.

This the first time I have tried to import a file......Just started using the product

[NinjaTrader_Bertrand]

Thanks for the reply, could you please email us at support at ninjatrader dot com so we could schedule a remote support session on our TeamViewer channel with you to resolve?

Thanks,

[bigdec]

hi bertrand,

I'm unsuccesfully trying to add to the SMI code i downloaded on this forum a condition that will make
the SMI value in market analyser turn green if SMI < 0 and SMI > SMI of one bar ago.

Can you help me or direct me to someone who can help me.

thank you.

[NinjaTrader_Bertrand]

bigdec, welcome to our forums - to create an alert for this study in the MA would need custom coding or for example a wizard strategy that would monitor for this condition.

To get started down this direction, please either check into our coding tutorials here -

http://www.ninjatrader.com/support/helpGuides/nt7/tutorials.htm?zoom_highlightsub=tutorials

For the wizard interface, please see this section :

http://www.ninjatrader.com/support/helpGuides/nt7/strategy_wizard.htm

[jmagaia]

This SMI - here, work in Ninja7?
thanks

[NinjaTrader_PatrickH]

Hello jmagaia,

Thank you for your post.

I have tested the SMI in this thread and it does in fact work in NinjaTrader 7.

Please let me know if I may be of further assistance.

[jmagaia]

Yes, I have some doubts, because in xml file say:
"<Version>6.5.1000.13</Version>"
But work.
Thanks

[NinjaTrader_Bertrand]

That is correct, it was created and exported with this NT version. However if there are no code breaking changes in the SMI code > it could work well for NT7 as Patrick had tested for you.

[BillG45]

now I have to go use tradestation...

why aren't there more indicators for this platform, it is a serious bummer.

Indicators don't work. They all lag. They tell you absolutely nothing that could be helpful. The closest I've seen to a good indicator is Ninjacator's realtime supply & demand indicator. Even that one has flaws, but it's the best of the bunch. I'm so sick of not making money. I wish there was an anti-BS indicator that tells us when to get in & never loses. Unfortunately, that could only exist on some other planet from aliens who are smarter than us. We are forced to go to our crappy jobs because someone thought it would be funny to make us have to work for $ instead of enjoying our lives. The End.

[You4Life]

Hello NinjaTrader_Bertrand, Hope you're doing good. I've downloaded the SMI indicator here.

https://ninjatraderecosystem.com/user-app-share-download/stochastics-momentum-index-smi-indicator-for-nt8/

It works great. I can't reply to Paul in the other post. If it's not too much to ask, I was wondering if it's possible to have an alternate color of the "SMIDiff" i.e green when positive and red when negative?

Thank you.

[NinjaTrader_BrandonH]

Hello You4Life,

Thanks for your note.

You could use PlotBrushes to change the color of a plot based on a certain condition. For example, the code may look something like this to color a plot blue when the current close is less than the previous close or color the plot pink when the current close is greater than the previous close.

if (Close[0] < Close[1])
{
    PlotBrushes[0][0] = Brushes.DodgerBlue;
}
else if (Close[0] > Close[1])
{
    PlotBrushes[0][0] = Brushes.HotPink;
}

See this help guide documentation for more information and example code: https://ninjatrader.com/support/help...lotbrushes.htm

Also, see the attached example script which demonstrates this.

Let us know if we may assist further.

[You4Life]

Thank you, Brandon.

I played with the code and it works. For those that would like to have a different color as well, just update the code for the following function, compile, re-add the indicator and it would work.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
protected override void OnBarUpdate()
{
if (( CurrentBar < emaperiod2) || ( CurrentBar < emaperiod1))
{
return;
}

//Stochastic Momentum = SM {distance of close - midpoint}
sms[0] = (Close[0] - 0.5 * ((MAX(High, range)[0] + MIN(Low, range)[0])));

//High low diffs
hls[0] = (MAX(High, range)[0] - MIN(Low, range)[0]);

//Stochastic Momentum Index = SMI
double denom = 0.5*EMA(EMA(hls,emaperiod1),emaperiod2)[0];
smis[0] = (100*(EMA(EMA(sms,emaperiod1),emaperiod2))[0] / (denom ==0 ? 1 : denom ));

//Set the current SMI line value
smi[0] = (smis[0]);

//Set the line value for the SMIEMA by taking the EMA of the SMI
SMIEMA[0] = (EMA(smis, smiemaperiod)[0]);

SMIDiff[0] = smi[0] - SMIEMA[0];

// this part here is to update the SIMDiff color - white when positive and red when negative.
if (SMIDiff[0] <= 0)
{
PlotBrushes[2][0] = Brushes.Crimson;
}
else if (SMIDiff[0] > 0)
{
PlotBrushes[2][0] = Brushes.White;
}

}
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Thanks again, Brandon. Have a great day.