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Congestion Box For Range Bars 5 *
NinjaTrader Ver 7.0.1000.3

//UPDATED INDICATOR: You can now change opacity and color of the three types of boxes.

Just a simple code to show colored boxes when there seems to be tight congestion. The logic was designed for range bar charts but it can work on minute charts. The drawing of the box is delayed by two bars.
The green and red boxes might represent possible supply and demand zones based on simple logic of how prize moved away from the boxes. The coloring is also delayed.
I welcome improvements, changes, ideas, or maybe it's useless. You be the judge.


Category NinjaTrader 7 Indicators 
 
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Details: Congestion Box For Range Bars
Category: NinjaTrader 7 Indicators 


March 4th, 2011
Size: 6.17 KB
Downloaded: 1415 times
Comments/ratings
5 * rpm123 May 19th, 2011 09:15 PM
This is a great visual for chop and congestion. But I can barely make out the colors of the boxes. Can you make the opacity a variable? Thanks!
5 * jabeztrading May 23rd, 2011 09:28 AM
It is now updated with opacity and color options. Thank you for compliments.
4 * Buscador May 30th, 2011 05:09 PM
Thanks for this useful indicator.
I placed it on a 10 Range chart this Saturday and it seems to follow the market swings with color changes very accurately. I will follow up during the week.
The problem I have is that on Ninja re-start, the color changes to grey for the three plots on the chart. The color selectors in the indicator window go empty and I have to select them again for Congestion Box, Demand Box and the Supply Box. Once done it is OK for the trading session.
Is it only me?? I am using NT 7.0.1000.5
Buscador
5 * rfiske June 22nd, 2011 11:43 AM
Thanks - great indicator - especially if you are a follower of Joe Ross trading techniques. This can identify the Ross measuring bar. Combine the "Congestion Box" with the other thread elsewhere (when they finish) "1-2-3 (ABC) Ninja Trader Ross Hook Wave Pattern" located here > https://nexusfi.com/ninjatrader/7274-1-2-3-abc-ninjatrader-ross-hook-wave-pattern.html - this maybe Elite area, add Fat Tail's Narrow Range 7 indicator (https://nexusfi.com/free_downloads/ninjatrader-7/indicators/870-download.html?view) and you have all the tools needed to trade Joe Ross / Trader Tick Entry methods.


I have 4 suggestions / requests
> add a parameter that allows user to input "How many bars before it's a Measuring Bar?" (start of the box) i think you have this coded to 3 - but i am not familiar enough with programing to find that in your code. i looked at it in an editor but??? so a parameter would be the best so you could have multiple indicators to show more or fewer boxes.

> add a parameter that allows user to input "+/- ticks used for H/L or C outside of box?" i think you have this coded to 4 but think i like it at 3. so parameter input would be great!

> add a parameter that allows user to input "Maximum Bars to count"

> add a parameter that allows user to input "sound an alarm when the Measuring Bar has been identified" on/off

Again thanks for all the hard work. i just wish i knew enough to do the mods and post them!
4 * blaws July 6th, 2011 05:44 AM
I am wondering if you can say why you delay the drawing of the box for two bars, it seems very effective, would it not be better drawing it after a single bar?
5 * macbookpro August 10th, 2011 05:02 AM
Thank you very much!
4 * Buscador August 2nd, 2015 08:15 PM
Excellent indicator for range bars. Accurate. Thank you for sharing it in BMT.

I have one problem, that at ninja Trader boot up, the colors for the three boxes do not re-appear like any other indicator and I have to assign then again in the indicator window. The rest of the session is alright. Only at boot up. I've had this problem since 2011 when I first downloaded it. I just did download again to see if it worked but still does the same.

I had no problems downloading or importing it into NT. I use NT 7 (current v.)

Anyone experiencing this anomaly?
5 * divein250 March 23rd, 2018 01:41 AM
This indicator has made a world of difference in my trading!! So glad I found it...THANK YOU

 
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