View Download Details

Categories

Show

Average Time Per Bar

Modified on Dec 23, 2009...fixed a few bugs...

I use range and volume bars. Many times it takes an inordinate amount of time to build a bar but it isn't obvious unless you do some basic math to find out. So, I created this indicator that works on any chart that is not time based. Really if you think about it you don't need this indicator on a time based chart.

It has two parameters. One is used to declare the number of bars you want to use to calculate the average time per bar and is called "Period". The second parameter is called "MaxLevel" which is used to set the level that you consider to be the acceptable level. For example, I base everything on 5 minutes so my "MaxLevel" is set to 5. So, if the average time per bar plot is below the "MaxLevel" line, I consider the market to be moving in an acceptable manner. Anything over the "MaxLevel" line is considered too slow for trading.

That about covers it. Pretty simple stuff.
Good luck and I hope you find it useful. In fact, I'm curious if anyone actually finds it to be useful. Please let me know.

Mike Winfrey

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]

Category NinjaTrader 6.5 Indicators

Details: Average Time Per Bar
Category: NinjaTrader 6.5 Indicators

September 22nd, 2009
Size: 2.70 KB
Downloaded: 441 times

Keywords: average time joeblow

Comments/ratings

enriquec June 7th, 2010 06:53 AM

Thanks man !!! Great job .I was looking for that . I have some ideas about the aplication of this stuff .Maybe we will share them. Thanks again

wireford April 25th, 2011 01:29 PM

Mike-
Thanks for all your hard work. Downloaded this from NT a year ago but never realized you had programmed it until I joined BMT.

Andy Crawford

gg80108 July 7th, 2011 03:53 PM

imported into 7 works good

mdl060374 September 29th, 2013 10:35 AM

very nice!