NinjaTrader 7 Indicators - RPM: Range Per Minute (in Ticks) V 2.0
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7

RPM: Range Per Minute (in Ticks) V 2.0 5 *
Thanks to CCL Systems ( cclsys) for the indicator. This is the same indicator adapted to the NT 7 nuances. A small amount of cleanup and voila!

The NT 6.5 version is here. The description from that location reads:
Especially helpful for non-time-based bar charts (though also good for them too), this indicator shows the Range Per Minute - expressed in ticks. To avoid huge bars during report times, the coding has a simple governor limitation to reduce the display value, but otherwise is accurate. There is also an optional alarm when RPM accelerates. You will probably have to go into the code to put in a sound file that you have in the Ninja/Sounds directory on the main system partition (not in the MyDocuments area).

Code cleaned up, new Scalping indicators and back color options. If the speed is accelerating above the average (default 6) and it's an up bar, a little wingding arrow will appear below the low and keep plotting on subsequent bars until there is a reversal or a new acceleration.

I find I can load it into the same panel as a volume indicator because the values are so low. Meanwhile if you enable price markers, the current RPM in ticks is displayed as text in the bottom right. The backcolors show that often shortly after acceleration there is a new move or climax of current move so it works as a leading indicator in some cases or confirmation of entry possibility in longer pattern setups.

The alarm can be disabled or a different sound file from the Sounds Directory in the Ninja System folders (not My Docs area).

Small, simple indicator but giving simple, factual information not often shown in others.

If there is enough interest, I can make the background colors and the audio callout selectable. Let me know.


Category NinjaTrader 7 Indicators 
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Details: RPM: Range Per Minute (in Ticks) V 2.0
Category: NinjaTrader 7 Indicators 

July 31st, 2010
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