As the name implies, this NT-8 indicator looks for Inside Bars and then simply paints an all white bar on your candle stick or OHLC bar chart, (it works on Hollow Candlestick charts also).
If the bar is an Inside Bar and is also a Doji (Open[0] == Close[0]) the indicator will paint a diamond on the close of the bar to highlight the Doji for you.
You might have to change the default color choices if you're using lighter colored chart backgrounds.
Indicator will color the candlestick outlines and the candle bodies, one color regardless of the direction they close in (up or down). The indicator is set to calculate on bar close. (no need for it to be anything else)
This is a custom bar type which is based on the Bid Ask Delta (Ask Volume - Bid Volume).
A new bar is created when the Delta is greater than a given Threshold-Value defined in the Data Series Properties.
The archive also contains a custom Delta indicator specially coded to work with this bar type.
This bar type creates a new bar when price reverses by a pre-defined amount of ticks from the high/low of the bar. As soon as a new bar is created and price moves at least the amount of pre-defined ticks in one direction, the bar again, closes after a reversal of pre-defined ticks.
Bar Time Indicator:
This indicator measures completion of a bar in seconds and colors a historhram based on how long it takes for the bar to complete. Red <= 10s, Cyan<=20, Blue<=30s, Orange=45s, Magenta<=60, and Black >60s. These numbers can be changed to one's liking.
Short time-bars mean a fluid market participation and movement, while tall or black bars mean a grinding and stagnating market, it is like watching grass grow (in relative terms) and time for a coffee or lunch break.
The indicator will work for any type of price bars except for real time bars (minute, hour, Day, etc.). But, it is best for short term and day trading with tick, volume, etc. bars. The indicator also draws a 60-Second horizontal line and a 9-period SMA of the time. High reading of the SMA gives a visual if the market is getting lazy. Best and less stressful is to trade when bars are short and colorful.
This indicator is intended for True Elite BMT Members, please use but do not steal to sell.
This Indicator is been made after i have seen the BrooksBars Indicator from Photog53. - (lot of Thanks to him !!!) It counts the Highs and Lows and iīve got a shadow inclued. I have wrote a description in German so that a professional programmer made the job for me. After much interests in a Threat here in the Forum, i decieded to share it to Elite Members. The most of you speak englisch, so iīve tried to translate the description, hope you can understand...it was not so easy.... so i ask for a little lenient. :-)
unfortunately the indicator count or paint only after you have start it in the chart, it donīt look back. Maybe some guys could modify this. the shadow-color and the count text (H1/L1) is also not changeable.
i am pleased if it is a help for anyone. iīve got many benefits here by big mike so its fine if i could give something back to you.
please donīt ask me about the code, but if someone have question about the idea/definition or about the use of the indicator, i am pleased to get message. I use it very helpful in my private trading
Attached is a paintbar indi for TradeStation to show Inside
and Outside bars - or rather TS' Engulfing and Harami bars.
The attached picture has inside bars light green & bright red,
outside bars dark green & red. It is just an example - not all
reversals are signaled as well as that !
As in the code, to specify a color, one then prepends
color.
to the color's name :
InDnColor(color.Red)
for instance.
If you're happy with TradeStation's range of colors, you can
remove every instance of
color.
The (amateur) code :
{ Candlestick PaintBar }
inputs: Length( 14) ,
InUpColor(color.Chartreuse) , InDnColor(color.Red) ,
OutUpColor(color.DarkGreen) , OutDnColor(color.FireBrick) ,
NmlUpColor(color.LightSeaGreen), NmlDnColor(color.LightSalmon) ,
variables: oBullishEngulfing( 0 ) , oBearishEngulfing( 0 ) , oBullishHarami(0) , oBearishHarami(0), barColor(blue) ;
Value1 = C_BullEng_BearEng( Length, oBullishEngulfing, oBearishEngulfing ) ;
Value2 = C_BullHar_BearHar( Length, oBullishHarami, oBearishHarami ) ;
if oBullishEngulfing = 1 then barColor = OutUpColor
else if oBullishHarami = 1 then barColor = InUpColor
else if oBearishEngulfing = 1 then barColor = OutDnColor
else if oBearishHarami = 1 then barColor = InDnColor
else if Close > Open then barColor = NmlUpColor
else if Close < Open then barColor = NmlDnColor ;
PlotPaintBar( High, Low, "InsOuts", barColor ) ;
Originally ported from MetaTrader, I found this in one of BMT's threads & made some slight modifications to it. I found the original bar size and font size a little too small for my large monitor and decided to add a "bar size multipler" and "font size multiplier" to enlarge the size of the color bars as well as the font.
Other older members, who, like myself, may have a difficult time seeing small objects on a chart, may find this helpful.
You can increase the size of the color bars, the font, or both.
August 16th, 2016 12:55 PM bobc635 Very Nice !!! Thanks
March 17th, 2016 08:32 AM no3putts Thank you!
December 31st, 2015 01:23 PM Srq1 Thanks Wizard, very useful indicator.
August 26th, 2015 05:39 AM fisagol Very useful indicator! Good job!!
July 22nd, 2013 02:46 AM Amsterdam Whale You're bang on - I'm much more able to see at a 'glance' what once could only be seen by a 'squint'. The only thing wors
e than getting old and things getting blurry is being young and things getting blurry! Oh well, some must apparently go
down early, I can hack it. Thanks very much for this.
I could not find, does anyone have this indicator for NT8?
Thanks.
April 24th, 2022 12:39 PM designbynicki Hello!
I am Nicki. This is the indicator I have been looking forever...... ^^
Is there possible to get Ninja Trader 8 version?
Thank you in advance!
Nicki,
February 11th, 2018 08:08 AM reach4thelasers This indicator is absolutely useless. This is not how Al Brooks counts highs and lows. Not even close to it.
January 29th, 2015 10:06 AM Hood Is this indicator for Ninjatrader? I can't see any mention of what platform this is for.
March 14th, 2024 06:10 AM Leafcutter Although I downloaded this bar type years ago I never used it and didnīt realize the benefit that it provides
in terms of anticipation of the directional change...till a few months ago. In combination with the delta indicator tha
t shows the delta next to the developing bar this bartype changed a lot for me! IThe bar type would even be better if th
ere was a possibility to automatically and dynamically change the amount of delta that is necessary to form a new bar i.
e. in addiction to the change in total volume so that increasing volume means relational increasing the amount of delta
to form a new bar. I even would pay you for programming that.
July 18th, 2023 03:17 AM XDiavel Thank you very much!
December 31st, 2022 12:49 AM viviancpy
October 31st, 2022 02:35 PM sigmatrader Is there a "Delta Bar" thread that has discussion of the use of this bar and its associated Delta indicator?
January 4th, 2024 06:19 PM roc01 The MonkeyBars_ETHvRTH_Study is Powerful! Is there a way to make the trading-numbers LARGER? This is besides magnifyin
g the screen. If Not, then I just magnify the screen. However, quite an achievement! To pin-point the squeezes, I use
the 9 & 21 exponential MAs. Their tight parallel to the direction of when the 9 crosses the 21 points the direction of
the squeeze. Reliable, exacting and PROFITABLE! So, I rate this with 6 Stars!
November 8th, 2020 02:12 PM leftytennis
February 1st, 2020 09:00 PM Saham Thanks alot, this it what Iwas looking for.
May 19th, 2019 03:11 PM Best Intentions Great job. Thanks very much for providing this.