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SessionNoiseBands V39
Exported using NT Version 7.0.1000.10
This indicator is an old version and there will be no more maintenance. All the features have now been integrated with the SessionPivots indicator that can be downloaded here:
https://nexusfi.com/download/ninjatrader-7/indicators/371-download.html?view
The indicators that come with the SessionPivots package also allow to display weekly and monthly noise bands.
Indicator will only run on NT 7.0.1000.5 or later.
The indicator identifies the intraday volatility generated by noise traders. The daily noise is defined as the smaller of (High - Open) and (Open - Low). The indicator detects the average daily noise (ADN) for two selectable periods and uses them to calculate intraday targets, which are displayed as noise bands. The upper band is calculated by adding the expected noise to the current open, the lower band is calculated by subtracting the expected noise from the current open.
The daily noise can be calculated and displayed for the full session or any intraday (RTH) session defined via the template. The indicator also can display OHL and Dynamic Fib Lines for the current session.
Indicator Settings
BandRange
: The default setting uses 100% of the ADN of the selected period. Instead of using 100% you can select any other percentage to calculate the intraday target bands.
Include After-Session
: If set to true, the volatility bands of an intraday session will be extended to the next session, the after-session, but not recalculated. Default value is "
false
".
Period(1) for the average daily range
: This is the shorter period used to calculate average daily range. Default value is
3 days
, maximum selectable is
100 days
.
Period(2) for the average daily range:
This is longer period used to calculate the average daily range. Default value is
10 days
, maximum selectable is
100 days
.
Session:
Select between the full ETH and the RTH session. Default value is "
ETH
."
Session for RTH
: Select the RTH session, for which you want to display the bands. For FOREX, you would select "
First
" for the Asian session, "
Second
" for the European session and "
Third
" for the US session, if you use a session template with 3 intraday sessions. For ES you would select "
Second
", if your session is divided into night and day session. Default value is "
Second
". This option only applies, if "
RTH
" has been selected under "Session". A hybrid setting selects the third intraday session for FOREX and currency futures, and the second intraday session for all other futures contracts. Only select it, if you use triple session templates (Asian, European, US) for FOREX and Currency Futures.
Show Current Open
: Selects or unselects Current Open.
Show Dynamic Fib Lines
: Selects or unselects intraday Fibonacci retracements. Fib retracements will only be shown if Show High/Low is set to true.
Show High/Low
: Selects or unselects to show the current day's high and low.
Show Noise Bands
: Selects or unselects projection bands.
Show Noise Labels:
Selects or unselects projection band labels.
Show Range Data
: Displays average daily ranges and current day's range for the selected session in the upper left or upper right corner of the chart.
The indicator calculates the average daily noise without using range data from holiday sessions.
FOREX / Currency Futures: Daily Ranges are displayed in PIPS.
Update Jan 23 2011: Globex Holiday Calendar for 2011. Holiday sessions will only be applied to Globex instruments. Price markers are now correctly formatted for US interest rate futures and FOREX.
Update June 2, 2011: New signature for GetNextBeginEnd() implemented.
Update June 20, 2011: The indicator now works with half-pip FOREX feeds. Indicator dialogue box improved.
Update June 25, 2011: Band colors were not serialized and therefore did not keep the selected color, when saved as part of a template or workspace.
Update July 11, 2011: Band colors change when the noise bands are penetrated. The signature for DrawRectangle() was changed to avoid some rare problems.
Update July 19, 2011: Serialization of the plots changed.
Update September 24, 2011: ChartControl checked for null, indicator can now be called by strategies.
Update August 28, 2012: Globex Holiday Calendar for 2012 added. Custom plot recoded to remove a minor bug and improve CPU efficiency.
Category
NinjaTrader 7 Indicators
Details:
SessionNoiseBands V39
Category:
NinjaTrader 7 Indicators
August 28th, 2012
Size: 13.00 KB
Downloaded: 3531 times
Keywords:
noise
rds
sessions
stretch
volatility
750
Fat Tails
Comments/ratings
ap29680
June 3rd, 2011 03:31 AM
Thank you ..... this is another great indicator
Mercury
June 3rd, 2011 06:23 AM
No Comment
meyer99
June 3rd, 2011 07:42 AM
Fat BRAINS,
Thank you so much. I am so glad you find this forum, lol.
reedstickets
June 6th, 2011 12:34 AM
What is the best setting for U.S. equities markets? I really like this indicator
Default User
July 7th, 2011 06:03 PM
No Comment
maumau
July 12th, 2011 02:13 PM
Thank you for all of your excellent work and generosity.
Traderji
July 17th, 2011 03:17 AM
Thank you
sam028
July 20th, 2011 06:46 PM
No Comment
kasia
July 31st, 2011 04:59 PM
No Comment
shah1266
August 25th, 2011 05:05 PM
nice Fats Domino
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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.