Can anyone code this simple paintbar study for ninjatrader 6.5
Logic:
Paint a price bar a color "if closing price is greater than average closing price of last 8 price bars" or
"if closing price is less than average closing price of last 8 price bars"
It is a great visual to see the degree of momentum on tick and volume charts without cluttering your screen with yet another lagging indicator. great to spot pullbacks in a strong trend.