Version 1.3 - See Changelog below
What it does: This priceline allows for limiting the size of the priceline, and includes the Bid/Ask spread above and below its plot. It updates using the MarketData for Bid/Ask when available. It has been adjusted to work with non-market data charts such as Indexes.
- Allows you to set the width in bars you want the priceline to show so you can limit the line to only showing in recent activity and not when you are reviewing historical data.
- Can set the period to zero to make the priceline infinite (like most price lines)
- Bid/Ask data is shown above and below, its width is dependent on both the spread and the last traded price, ie if Last Price is also the bid price, the bid bar will have the priceline running through it and the ask price smaller. It also handles when the spread increases, giving you a heads up on a market slowing down or speeding up!
Setup: Add the indicator, choose the width of your line (or leave the default 0 for infinite). You may also choose the colors of your Bid, Ask Areas and Price Line color.
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ChangeLog
-Version 1.0 - 10/22/14 - Initial release
-Version 1.1 - 11/15/14 - Not released, bugs noted.
-Version 1.2 - 11/24/14- Moved the plot of the Priceline to the onBarUpdate section to allow the indicator to work on Index charts.
- Added an Param setting for the width of the Bid/Ask areas.
- Added Params for setting the color of the plots.
- Fixed several bugs with missing data that caused the line to not show.
-Version 1.3 - 10/10/15 - Fixed a bug for when there is no Bid/Ask info so it will still plot the line. Changed the max bid/ask width to 255 bars (chart speed issues)
Category NinjaTrader 7 Indicators
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