Searching for entries matching levels, looking in keywords for any words Found 7 matching entries
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LarrikinTrader
merIDLevelsV1 indicator:
I primary use this indicator during my trading to find good levels of entry during my intraday trading of the YM! You can find my journal here : https://nexusfi.com/trading-journals/30483-mergodon-topsteptrader-combine-journal.html and see a lots of good and bad example to use it Please be advice the paramaters and settings are mainly focusod on YM. I do not know are this levels stand or not stand for any other indexies, commodities etc, but with a proper configuration you can very easly find it out.
Configuration:
- The indicator is quite simple to use. You have to load the default session template 24/7 and based on that timezone you have to setup the regural session start and regural session end time.
- Also you can setup the initial balance period, and the globex session extension level for bigger moves on the market
Hints:
- The levels are calculated from session start (not counting the market closing moves only in case of the Yesterday close time)
- The indicator doesnt calculate perfect timeing on tickchart, just getting the closest closing value. There is no addon for Multiple Time Frame things (Not like Fat Tails advanced indicator, where you have the possibility for exact time calculation). The methadology behind is not to use this levels as signals, more like use this levels to search change in the market conditions
- The indicator was tested on tick chart, if you find any bug please dont hesitate to pm me, I wil do my best to fix the issue
- If you have any other question you can find me in my journal
Change log:
- The old version of this indicator (merTickBasic) was completly rewritten following Fat Tails best pratices, and codebase, and configured it to my taste and use.
- The drawing is using custom plot logic (based on Fat Tails codes, thank you for that!) meaning it should be flawless, and very-very quick
here's a quick one.. inspired by range charts, but simplified and still painted on regular time charts..
i needed something to help me spot common S/R levels and also watch price moves between levels of either % of price or in blocks of a certain dollar value (0.2, 0.5, 1.0 ... etc)
default is to show moves in increment of 0.5% of all-time (based on chart) mid-price, but can be changed to better suit the time aggregation and the underlying price range we're looking at (for shorter timeframe, you may want to look at $.25 levels, for a stock like AAPL you want to look at a $5.0 increments and so on)
The percentage level value is always approximated to the nearest multiple of $0.1 to make it meaningful.
if there's a setting in Override Range Unit, then that's the one the study will use as a unit for the incermental levels.
you can show/hide the levels calc details labels on top using the study settings.
found it interesting and it helps hide a lot of noise from price - also comes closer to my own view of Darvas so thought to share for the Range Chart & breakout trading fans..
Cheers,
RedK
1. Extract ZIP file.
2. Import NinjaScript.
3. Drop levels.txt file on your hard drive and change line 29 accordingly, otherwise indicator will not work.
Txt file format:
[level][space][width in ticks][space][1 or 2]
where :
1 - 1st color (default red)
2 - 2nd color (default green)
The IBFX Daily Pivot Indicator draws the daily Pivot, Support and Resistance Levels at upper right corner of the chart. The indicator will also draw the lines on the chart. Resistance lines are shown in red and Support lines are shown in green.
This indicator draws user defined zones. The lower the opacity value, the more see thru the zone.
General Inputs
* AutoScale --> NinjaTrade autoscale feature as applied to all indicators.
* FontColor --> The color of the font which displays the region upper / lower values
* FontSize --> The size of the font which displays the region upper / lower values
* SpaceCount --> The amount of spaces between the end of the zone and the price text
Specific Inputs (ConstZone 1 - 9, A - E)
* CZ_Upper_zonenumber--> The upper bound of the region
* CZ_Lower_zonenumber --> The lower bound of the region
* CZ_Opacity_zonenumber --> The opacity of the region
* CZ_ShadeColor_zonenumber --> The color of the region
This indicator draws user defined zones. The lower the opacity value, the more see thru the zone.
General Inputs
* AutoScale --> NinjaTrade autoscale feature as applied to all indicators.
* FontColor --> The color of the font which displays the region upper / lower values
* FontSize --> The size of the font which displays the region upper / lower values
* SpaceCount --> The amount of spaces between the end of the zone and the price text
Specific Inputs (ConstZone 1 - 9, A - E)
* CZ_Upper_zonenumber--> The upper bound of the region
* CZ_Lower_zonenumber --> The lower bound of the region
* CZ_Opacity_zonenumber --> The opacity of the region
* CZ_ShadeColor_zonenumber --> The color of the region
NinjaTrader 6.5: Not Sure - ZTrade101 - No errors in Output, but nothing happens
NinjaTrader 7.0: Some type of conflict on my system:Unknown- ZTrade101
Can someone else try it and report?
November 6th, 2013 03:09 PM cjab thanks, i think it's a nice addition to the "constant lines indi", unfortunately, i'm getting an error, probably due to
December 3rd, 2020 11:32 AM swimmer1200 Is this updated and available for NT8?
March 27th, 2019 02:56 PM OpalDragon IS THIS AWESOME INDICATOR AVAILABLE FOR NT8 ?
I need it for NT 8 or something similar.
July 12th, 2014 03:27 PM aquarian1 thanks.
June 15th, 2013 07:49 AM ninjadiluce Thanks for this indicator... i just need to understand where put level.txt file inside the Hard Drive...
December 24th, 2011 06:40 PM smcsorley Thanks for your great work on the indicator, would there be any chance that you could increase the functionality to be a
ble to add text for each zones & that the text would be taken from the levels txt file also.
March 2nd, 2019 07:20 AM Cerebro Simple, Elegant, Reliable & Useful - Thx!
March 18th, 2015 09:04 PM Tony09 Thank you, Great Indicator..Using every day now
November 18th, 2014 11:46 PM fourtiwinks Thanks very much for sharing, matervisky! Wishing you success in your live combine and may you be a Senior Trader soon..
November 24th, 2023 09:12 PM FundedTrader82 Works good on Gold.
April 26th, 2023 08:44 PM Blessedprofits Thank you for sharing the tool. How do you get it to print price at the end of each line? And how do you adjust the spac
ing?
October 8th, 2021 09:08 AM rickr Thx for your contribution
June 18th, 2021 09:15 AM tonylou Excellent visual indicator to show speed and range of the market.
It worked great on my desktop. I also installed on a laptop but the lined are off. I wanted the lines at a certain numbe
r but they seem to have a mind of their own. At least it works on my desktop...