NinjaTrader 7 Indicators - FP_PriceBox V1.0
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7


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FP_PriceBox V1.0 5 *
This indicator plots a semi-transparent rectangle with user defined inputs for the Opacity, Border Color, Height and Width of the rectangle.

This rectangle stays centered over the CLOSING price, and moves with it, so you know how far away your limits are from the last traded price.

Useful to visualize how far away your total risk tolerance may be from current price upon entry.

Example: if you know your max risk tolerance for a particular instrument is 20 tics, set the upper and lower limits to 20. Then you can visually see how far away your stop will be from your entry on your chart.

If you wanted to do targets too, add this indicator again to your chart, and make it a different WIDTH, and you can visualize your stop and your target at your time of entry.


Category NinjaTrader 7 Indicators 
 
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Details: FP_PriceBox V1.0
Category: NinjaTrader 7 Indicators 


June 23rd, 2011
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