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RangeRider for NT8 V1.0 5 *
The general idea was to better clarify both entry and exit points.

So I created a combination Bollinger Bands and Pivot Points indicator, but utilizing the MIN and MAX functions in order to eliminate the smoothing that comes with Bollinger Bands. By doing so market fluctuations are (for me at least) more clearly defined.

Though I mostly use range bars other bar types also work well.

It is not unusual for me to "turn off" the bars themselves by making them transparent. Much less distracting clutter on the screen and I like things simple.

However, early on it is best to leave the bars visible in order to fully understand the various patterns created by the indicator. Whether in chop or a trending market certain patterns quite often become obvious. And those patterns repeat time and time again.


Category NinjaTrader 8 Indicators and More 
 
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Details: RangeRider for NT8 V1.0
Category: NinjaTrader 8 Indicators and More 


November 4th, 2018
Size: 4.86 KB
Downloaded: 852 times

Keywords: min range mix
Comments/ratings
4 * Pablherasgarcia November 8th, 2018 11:18 AM
Thank you Fugitive69!
Could you explain a little more how do you use this indicator, please?
Thank you!
4 * philiphow November 13th, 2018 04:07 AM
5 * bobc635 January 1st, 2019 10:40 AM
Thanks... I will give it a look....
5 * OpalDragon September 28th, 2021 02:04 PM
Fugitive -- this is a very interesting indicator.

It is possible to make some kind of strategy with it BUT I reversed the AREA COLORS on mine.

I made the top area has to be Deep Pink - because that is a sell area

-- and I made the lower area the Lime to indicate a buy area

But still I would like to see how you particularly would use this indicator .....? I am still kind of confused on how you use it. I can see some value in it >>> like being able to have a Limit buy entry a DISTANCE BELOW the live bid/ask -- and that X tick distance is the Range of bars from the channel?

It is would be interesting if you did a small video with ShareX or Snag it and uploaded it on Youtube just showing some ideas with this indi.

I think it has potential and we can make it better.

Or develop a strategy using other indis.

This feels like a good indicator to get into a trend on a "pullback" with the pullback being somewhere on the internal channel. Is that correct?

We need to make a thread for this indicator also. I may just make one.
5 * alazif September 30th, 2021 09:38 AM
No Comment
5 * BoltTrader January 15th, 2022 10:04 AM
Thank you!
5 * zmaj October 15th, 2022 11:55 PM
very well defined, thank you bud :-)

 
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