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ACR or Average "Clock" Range
Note: If you find bugs, have feature requests, or anything else, post in
THIS
thread.
This indicator was inspired by the typical ATR(Average True Range). The ATR simply reports the AVERAGE range of the last n-bars.
This indicator reports the average n-bars, OF A SPECIFIC time. The ACR line will show the AVERAGE volatility of a specific CLOCK TIME. As this is all just an average, it is all calculated at the start of the session, so the Projection can be displayed for the rest of the session. I find that this lends itself to an easier planning of the day around expected movement for various instruments.
This may show users the times of day where price is most likely to move. Helpful for users that focus on larger bars.
You can put this on whatever bar size you want, but must be used on TIME CHARTS. It doesn't make much sense to put on M1 charts imo.
This indicator operates OnEachTic().
The
Period
sets how many days to look back to capture a range. I.e., an M30 bar @ 9:30, with a period of 5, will display the average range of of that 9:30 bar over the past 5 periods.
Configuration Days
is used to get a count of the bars in session, this is mainly useful for people with unreliable data, or putting this on fast charts. Should be able to leave on default.
NOTE:
This indicator builds off of your session template, and assumes each session has an equal number of bars in it. If you have custom templates where each day has a different # of bars, this indie may not be of use.
NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.
---EDIT - V2 9April2020---
Fixed Bug where the indicator was not saving properly with session or chart templates.
Category
NinjaTrader 8 Indicators and More
Details:
ACR or Average "Clock" Range
Category:
NinjaTrader 8 Indicators and More
April 7th, 2021
Size: 3.82 KB
Downloaded: 343 times
Keywords:
acr
atr
average
range
session
2354
forrestang
Comments/ratings
Maxie
May 5th, 2021 07:43 AM
Hi
the preview is great-many thanks
MarketMage
May 21st, 2021 03:02 PM
nice! thank you!
Aragorn
June 20th, 2021 11:46 AM
Ironic I just started, last week, plotting the ATR at certain times of the day over several days only to find this great tool. Very well done!
newell
January 19th, 2022 08:29 AM
This one is helpful in many ways, thank you!
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