I have set the default SMA value to 30 instead of Joe Ross's 40 SMA. I have also included sound files used by this indicator. There could be too many arrows printed on the chart if you enable trend arrows. You may want to read Joe Ross's chapter from the above link, and test your strategy before entering any trade using this indicator. Please let me know with any suggestions to further improve this indicator.
This indicator combo displays real-time Level II market data as well as up/down volume by tick for the current bar on the main chart panel. It works on any instrument, time-frame and chart type.
The Level II data is displayed to the right of the price bars as a horizontal histogram that extends out over the price bars. The histogram bars are color coded to visually identify the corresponding bid/ask levels. The price axis of the chart is used to show the price of each bid/ask level. In addition, the actual size of bids vs. asks at each level as well as a total bid/ask is printed down the right side of the histogram.
The second indicator included in this combo displays volume as a vertical progress-like bar to the right of the Level II histogram. This indicator displays the volume of the current bar. It shows, by tick, how much volume is occurring above, at and below the previous bar's closing price. It does this using three configurable color bars representing the relative proportion of the underlying volumes. The actual over/under volume count is displayed at the top and bottom of the bar.
These indicators only support live data and will not plot historical data.
Version 1.4 Changes:
1) Added current bar bid/ask volume option
2) Added level II bid/ask ratio
3) Added Strength indicator based on high/low/same volume and bid/ask ratio.
4) Added price line to make it easy to follow price movement through the histogram.
5) Other readability changes.
Version 1.5 Change:
1) All colors are now customizable.
Version 1.5.2 Changes:
1) Fixed property persistence issue.
2) Default histogram opacity set to 100
I also created an indicator called jtRealStats_ChartDisplay (also in the zip file) which helps keep the chart sized properly to display the main indicator.
Also, you need to change the right side margin in chart properties from 4 to 24.
I have had this indicator converted from NT7 for use on NT8
This indicator shows volume at the time of day relative to the prior n days. This is very useful in terms of identifying when volume is picking up or slowing down. The absolute value is not as important as whether it is rising or falling. As participation changes, the price action changes too. Probably one of the best ways to analyze volume/participation in the markets.
Tried and tested on NT8 8.0.0.12 64-bit (Standard) - BETA
This is the Williams %R indicator with JayMA smoothing. Williams %R is a momentum indicator designed to identify overbought and oversold areas. By adding JayMA smoothing, we have a quick yet smooth version of this popular indicator.
Originally added by BigMike, I've converted it to NT8.
October 12th, 2010 01:32 AM dvan You can view detailed description of the indicator? )
June 22nd, 2010 04:04 PM willyad thanks
November 5th, 2009 10:23 PM cclsys This is an extraordinary indicator to be be able to access gratis. Anything that helps see the bids/offers or volume his
tory is helpful since really all you need to know about price is already on a bar chart. But volume isn't so obvious and
can be quite revealing. Amongst other things, very helpful when stop-trailing above break even to identify areas with m
uch higher support/resistance than others.
Only downside: it's another indicator, but this one has about 5,000 data points, so although very helpful, it's also a t
ad distracting!
September 26th, 2009 08:25 PM j0hnth0m I like what you did with my indicator. I get tonnes of comments on my blog for this indicator. I'll post a link to th
is version as you have greatly improved it.
Thanks.
September 22nd, 2009 11:29 PM Big Mike Nicely done, thank you!
September 6th, 2017 09:14 AM Buscador PicoTrader, thanks again for a very useful program for range bar users that I have enjoyed for several years now. Never
found anything in the same category as simple and good.
I am moving forward to NT 8 and I would love to have this range marker in NT 8.
Any possibility you would re-coded for the new platform?
In any case. Thanks a million for a great app.
July 17th, 2015 01:57 AM Portland
April 14th, 2015 09:13 PM dsgreeves
October 26th, 2013 10:05 PM ojmen2000 now this will make life a lot easier. thanks