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Congestion Box CustomV1 ( CBoxCustomV1 ) 5 *
Note: If you find bugs, have feature requests, or anything else, please post here:
https://nexusfi.com/ninjatrader/56592-lesterb-indicator-thread-just-placeholder.html

Many thanks to the creator of the Congestion Box for Range Bars, jabeztrading, who posted his NT7 indie on FIO 10 years ago next month. Since that time a few traders, especially BobC, have continued to update and add functionality to the new NT8 version.

This customization:
  • adds selectable minimum number of bars for your CBox
  • adds selectable maximum tick differential between the Open and Close of your CBox bars
  • adds a diamond shape at double tops and double bottoms of your bars
  • adds a diamond shape at your choice of ticks above/below CBox to show a break up or break down to a specific level
  • adds selectable sound alerts (adaptation from BobC again) for
:
initial formation of your CBox
double tops and double bottoms
warning of a breakout 1 tick above or below CBox boundaries
  • double top and double bottom markers are done with purple and pink diamonds respectively
  • your break up and break down confirmation markers are done with green and blue
diamonds respectively.

Congestion boxes settings will vary from instrument to instrument. You will probably have experiment with the settings until you find what you want for your instrument. There will be some discussion at the thread above regarding how I use CBoxes in my trading.


Category NinjaTrader 8 Indicators and More 
 
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Details: Congestion Box CustomV1 ( CBoxCustomV1 )
Category: NinjaTrader 8 Indicators and More 


February 2nd, 2021
Size: 8.28 KB
Downloaded: 1174 times

Keywords: box custom top congestion double bottom
Vertical Horizontal Filter 5 *
The VHF indicator can be a useful tool as it attempts to measure the “trendiness” of a market. It reveals the strength of a trend, not the trend direction. This filter compares the sum of one-day price changes within a specific time period to the range between the high and low prices over the specified period. The VHF values help identify whether prices are in a trending phase as well as the degree or strength of a trend, where the trader should use trend-following indicators, or if the prices are in a trading range market, a case where congestion-phase indicators (such as
oscillators which work well in trading range markets) should be used.

In theory, the VHF indicator can be used in the following three ways:

1. In determining whether a particular market condition is trending or is in a congestion/non-trending phase: A rising VHF line indicates a developing trend; a falling VHF line indicates prices may be entering a trading range market.

2. To determine the degree or strength of a trend: The higher the VHF line, the higher the degree of trending. A falling line indicates a trend is weak.

3. The use of the VHF as a contrarian indicator: Relatively low VHF values can indicate that prices can be expected to break out of the congestion phase and start trending. On the other hand, relatively high VHF values indicate that a trending phase may be coming to a close and that the market is getting ready to enter a congestion phase.

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES


Category NinjaTrader 6.5 Indicators  NinjaTrader 7 Indicators 
 
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Details: Vertical Horizontal Filter
Category: NinjaTrader 6.5 Indicators  NinjaTrader 7 Indicators 


December 6th, 2009
Size: 5.92 KB
Downloaded: 1944 times

Keywords: trend ninjatrader chop sideways congestion gregid
 


 
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