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Range Analysis

Exported using NT Version 7.0.1000.16

This indicator allows to detect narrow range bars, inside bars, wide range bars, outside bars and triangles. The bar types follow the terminology presented by Toby Crabel in his book "Day Trading With Short Term Price Patterns and Opening Range Breakout". The triangle is a pattern made popular by Linda Bradford Raschke, also see here: https://nexusfi.com/ninjatrader/27847-linda-bradford-raschke-three-bar-triangle.html

These are the patterns that can be identified with the indicator with default settings:

Narrow range bar (NR7): a bar with a smaller range than the prior 6 bars

Narrow range inside bar (IB4): an inside bar with a smaller range than the prior 3 bars

Narrow range inside bar (IB7): an inside bar with a smaller range than the prior 6 bars

Double inside bar (DI4): an inside bar that is preceded by an inside bar and which has a smaller range than the prededing 4 bars

Wide range bar (WR7): a bar with a larger range than the prior 6 bars

Wide range outside bar (OB4): an outside bar with a larger range than the prior 3 bars

Wide range outside bar (OB7): an outside bar with a larger range than the prior 6 bars

Three bar triangle (LBR): a bar which lies inside the combined range of the prior two bars

Each of the patterns above can be selected an unseleceted. It is not recommended to display all the patterns at the same time on an intraday chart. The different patterns can be shown as text, diamonds or paintbars.

Simple inside bars: When the parameter "lookback inside bars" is set to 2, the indicator will detect all inside and double inside bars without taking into account their range size relative to preceding bars.

Simple outside bars: When the parameter "Lookback outside bars" is set to 2, the indicator will detect all outside bars.

The indicator comes with sound files which are part of the zipped file. The sound files can be extracted and copied to the directory C:\program files (x86)\NinjaTrader 7\sounds. The sounds will work with COBC=true and COBC= false. With COBC= false, wide range and outside bars are detected intra-bar, while narrow range, inside bars and triangles are detected after the bar has closed.

Category NinjaTrader 7 Indicators

Details: Range Analysis
Category: NinjaTrader 7 Indicators

October 19th, 2013
Size: 363.38 KB
Downloaded: 1713 times

Keywords: inside insidebar narrowrange narrowrangebar outside outsidebar triangles widerange widerangebar

InBarsOut v1

Attached is a paintbar indi for TradeStation to show Inside
and Outside bars - or rather TS' Engulfing and Harami bars.

The attached picture has inside bars light green & bright red,
outside bars dark green & red. It is just an example - not all
reversals are signaled as well as that !

To be able to use the windows colors specified in the code,
you have to install x11.eld from
https://jamstrategytrading.com/FreeStuff.htm
This allows access to many of Windows' standard colors by
name.
See also https://en.wikipedia.org/wiki/X11_color_names

As in the code, to specify a color, one then prepends
color.
to the color's name :
InDnColor(color.Red)
for instance.
If you're happy with TradeStation's range of colors, you can
remove every instance of
color.

The (amateur) code :

Code

{ Candlestick PaintBar }

inputs: Length( 14) , 
    InUpColor(color.Chartreuse) , InDnColor(color.Red) , 
    OutUpColor(color.DarkGreen) , OutDnColor(color.FireBrick) ,
    NmlUpColor(color.LightSeaGreen), NmlDnColor(color.LightSalmon) ,
variables: oBullishEngulfing( 0 ) , oBearishEngulfing( 0 ) , oBullishHarami(0) , oBearishHarami(0), barColor(blue) ;

Value1 = C_BullEng_BearEng( Length, oBullishEngulfing, oBearishEngulfing ) ;
Value2 = C_BullHar_BearHar( Length, oBullishHarami, oBearishHarami ) ;

    if oBullishEngulfing = 1 then barColor = OutUpColor  
    else if oBullishHarami = 1 then barColor = InUpColor   
    else if oBearishEngulfing = 1 then barColor = OutDnColor  
    else if oBearishHarami = 1 then barColor = InDnColor   
    else if Close > Open then barColor = NmlUpColor  
    else if Close < Open then barColor = NmlDnColor  ;

    PlotPaintBar( High, Low, "InsOuts", barColor ) ;

Category TradeStation (hidden)

Details: InBarsOut v1
Category: TradeStation (hidden)

November 25th, 2011
Size: 18.96 KB
Downloaded: 308 times

Keywords: bars inside outside

How to Use Bar Patterns to Spot Trade Setups

Interesting setups using a combination of inside and outside bars.

Category Educational

Details: How to Use Bar Patterns to Spot Trade Setups
Category: Educational

June 16th, 2010
Size: 907.65 KB
Downloaded: 957 times

Keywords: action bars price inside outside