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z1TrendBars_v1

This is a modified version of an existing indicator for which I've been unable to uncover the original programmer.

As best I can interpret the code, it paints UpBars/DownBars based on whether the current Median Price is greater than or less than the Median Price of the last six bars.

It also uses two additional colors to mark where the Up/Down trend is fading, which is based on comparing the LinRegSlope of the last 3 bars rising/falling.

The Neutral Bar is colored when the current bar Median Price is equal to the Median Price of the last six bars.

My modification only added the "Hollow Candle" effect to Up closing bars. I did not change any of the Trend decision making program logic.

Ninja 6.5: Yes
Ninja7: ?

Category NinjaTrader 6.5 Indicators

Details: z1TrendBars_v1
Category: NinjaTrader 6.5 Indicators

February 7th, 2010
Size: 6.27 KB
Downloaded: 278 times

Keywords: market profile resistance support z1trendbars nomar predious day