NinjaTrader 7 Indicators - Congestion Box For Range Bars
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7

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
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