Dark
Theme
Light
Theme
Register
Username or Email
Username or Email
Password
Password
Forgot
Signup
Forgot
Browse
Register
Downloads / Indicators
Articles
Upgrade to Elite
Unanswered Posts
My Posts
Return to Homepage
Today's Posts
Trading Reviews and Vendors
Futures Brokers Reviews
Traders Hideout (general)
Platforms and Indicators
Trading Journals
Elite Trading Journals
Psychology and Money Management
Off-Topic
The Elite Circle
Webinars
Trading Articles
Main Trading Articles Index
Article Categories
Help, Tutorials, How-To's
Traders and Trading Methods
Platforms, Tools and Indicators
Terms (Glossary)
Article Tools
List New Articles
List Recent Article Changes
Random Article
Most Popular Articles
Category Groupings
Wanted Articles
Most Linked to from Forum
Go to Page...
Quotes
by TradingView
>
Downloads
>
NinjaTrader
>
NinjaTrader 8 Indicators and More
>
Categories
Show
Search
Help
Search
title and description
keywords
Advanced Search
Winning nominations
What's Hot
What's New
New Ratings
Some Random Entries
Home Category
Login to Download
gbAvgDailyRangeZones
gbAvgDailyRangeZones, Ver 1.0, TraderGB, April 7, 2021
A big thanks to BobC for beta testing.
Description
:
Average daily range zones based on daily ATR and percentage of standard deviation of daily ATR(1) over lookback period.
Important Note
:
Do
NOT
put this on an intraday chart with Tick Replay on. It will attempt to download 300 days of tick data. Trust me, you don't want that. It doesn't matter if you set 'Daily Bar Lookback' at a low value. If you do want to put this on an intraday chart with Tick Replay on, I suggest that you go into the code and change the second data series from 300 to something that is acceptable to you and recompile. Sorry, I didn't consider this issue during design and is something that just slipped through the testing process. My apologies.
Following are the calculations for this indicator:
Open = ETH Open
ATR = ATR(Daily, Lookback)[1]
Breadth = StdDev(ATR(Daily, 1), Lookback)[1] * StdDevBreadthMultiple (used to define zone width)
Upper Outer Zone: Open + ATR * 1.00 +/- Breadth
Upper Mid Line : Open + ATR * 0.75
Upper Inner Zone: Open + ATR * 0.50 +/- Breadth
Open Zone : Open +/- Breadth
Lower Inner Zone: Open - ATR * 0.50 +/- Breadth
Lower Mid Line : Open - ATR * 0.75
Lower Outer Zone: Open - ATR * 1.00 +/- Breadth
Features
:
1) Can have up to 300 days of daily bars for calculations while only having 1-2 days of intraday bars on the chart (default=252 days)
2) Option to adjust breadth of zones with StdDev Breadth Multiple (default=.2, 0=no zones)
3) Option to show ATR% for day relative to ATR over lookback period. Also, shows days range.
Notes:
1) Only applies to intraday bar charts
Please DM me if you find any issues.
Category
NinjaTrader 8 Indicators and More
Details:
gbAvgDailyRangeZones
Category:
NinjaTrader 8 Indicators and More
April 7th, 2021
Size: 8.01 KB
Downloaded: 519 times
2356
TraderGB
Comments/ratings
Realtimetrader
April 10th, 2021 10:05 AM
Thanks for this tool.
Tradarr
April 17th, 2021 03:44 PM
Thanks!
FT35000
April 18th, 2021 12:47 PM
Thank you very much. If you ever need a Tester, Just let me know.
renvik
April 22nd, 2021 06:06 PM
No Comment
bmforum
April 24th, 2021 08:09 AM
thanks
faithdefender
May 6th, 2021 06:34 PM
No Comment
Rickb
June 29th, 2021 07:44 AM
No Comment
zoomie
December 14th, 2022 04:18 PM
No Comment
ballhaj
June 18th, 2023 02:12 AM
Thanks!
sigmatrader
December 19th, 2023 09:53 AM
Very useful and novel coding.
Sort by
Date created (ascending)
Date created (descending)
Username
futures io is now NexusFi
Trading Webinars How-to's
Trading Reviews & Products
Join Markets Chat waitlist
NinjaTrader Brokerage (Broker)
Ninja Mobile Trader (Server Hosting)
Apex Trader Funding (Prop Trading)
Tradovate (Trading Platform)
NinjaTrader (Trading Platform)
SharkIndicators (Trading Software)
© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.