Automate SMM Indicator
Automating Simple Market Metrics (SMM)
Full user guide to automating Simple Market Metrics with Predator X Order Entry on NinjaTrader
Step 1: Extract the TAG for the Signals - use 'signal' for Longs and Shorts.
Step 2: Extract the Colors:
- Long: #FF4CAF50
- Short: #FFAA2833
Always verify. These can be changed within the properties. Always match the exact color used!
Remove the Chop Filter to see SMM Buy and Sell Signals when using ninZaRenko or similar.
Use Deep Detection to automate BackBrushes.
- Always verify color in the NinjaScript Output when using Deep Detection
- You can type the color name unless you see a '~' infront of the color name. Use Hex Code if thats the case
- #004D00 (~DarkGreen) - Use #004D00 because of the '~'
- #006400 (DarkGreen) - Use 'DarkGreen' because '~' does NOT exist
The Heiken Ashi Bar Color change is not a true BarBrush. It is a rendered overlay. However, we can still use the provided +1/-1 series to automate it.
Simply use Deep Detection and select the '_candleColor' series. Leave it as +1/-1 and it will detect the bar color changes.
It's important to note that this Green and Red MACD is not a true crossover. The MACD AVG lines are the exact same parameters. The only difference is that the green MACD AVG is displaced by 1 bar. This means that any crossover will always be delayed by at least 1 bar.
However, we can accurately predict a crossover whenever the RED MACD AVG line switches direction.
- Red Slope Up = Green is above Red
- Red Slope Down = Green is below Red
We must use Deep Detection to Automate this slope.
- Before Enabling the Predator - Change the Label of the Red MACD so we can identify it.
- Once the Predator is enabled - Select Deep Detection - Select the Red MACD Slope
We must create a Filter to determine when we take Long or Short Trades.
Use Deep Detection and select the BackBrushes like we did in '2. Automate Background color change'. Only difference is that we use a Filter here instead of and Entry signal.
Predator X already comes with prebuilt Renko Reversal. Simply go into the properties - 02B. Auto Entries - enable Show Reversal Button AND Trade Reversals
You can Use Bollinger Mid Plot as an Entry, Filter or Exit by selecting Plot Mode and use Price Cross Up/Down fro mthe drop down.
It is also possible to use it as a stop or Trail Stop by selecting it from the Order Management menu on the righ hand side.
Using Deep Detection, we can automate when a plot changes color.
- Always verify color in the NinjaScript Output when using Deep Detection
- You can type the color name unless you see a '~' infront of the color name. Use Hex Code if thats the case
- #66FF00 (~LawnGreen) - Use #66FF00 because of the '~'
- #FF0000 (Red) - Use 'Red' because '~' does NOT exist
This video will have the most information when it comes to automating the SMM indicator with the Predator X Order Entry. It is highly recommended to watch this video to fully understand how all settings work together.