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CongestionBoxOne
A few traders have asked if the CongestionBox could be altered to trigger with a breakout of one candle. I did some work and here is a solution that I believe works well with one candle breakout. One candle means there may be some false breakouts depending on your candle size....
As always, trade well....
Bob
As with other recent indies, this only calculates and displays what is on the display. If you scroll left, hit f5 to repopulate
8/6/2020
After suggestions from a few traders, I added some filtering to remove some of the 'counter trend' boxes. Included in this zip is an additional CongestionBox indie called CongestionBoxFilter. This one uses an EMA and HMA. A Bullish breakout candle will paint if the breakout candle is above both and slope of the HMA is up. The breakout candle can be painted for highlight and or an arrow below bull candle or above bear candle.
Have fun...
Bob
R2 (2/11/2021): I don't use Bloodhound or other automated tools, but one user found that calculations limited to what is on screen causes a problem with Bloodhound... I found the issue and it is an easy fix. In the zip are two indicators. CongestionBoxOne is the original that only calculates what is on the screen and CongestionBoxOneFull calculates the entire history and should work with Bloodhound. I will add a new version of all of the indicators that I have posted that have the calculation limiter in a similar manner.
Category NinjaTrader 8 Indicators and More
2267
bobc635
Comments/ratings
cskafan123 September 14th, 2020 08:51 PM
Thank you much! This looks great. Now I just have to figure out how to apply it. Are there any instructions?
jabeztrading September 18th, 2020 11:21 AM
Nice work.
compteidriss March 13th, 2021 12:00 PM
It's just wonderful!
mav8rick October 3rd, 2021 10:25 AM
Thanks!!
NinjaStang February 27th, 2022 04:12 PM
I was wondering if would be possible to plot a 1 for longs and -1 for shorts. Similar to the Price Breakout from A rectangular Base? I am using Markers Plus for automation. I just can't seem to get this one to plot that way.
Thank you. Love this indicator.