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This indicator can only be used for Range Charts with MultiCharts.

It indicates the possible location of the close of the current bar, and the open of the next. Either in case of up move or down move. So it draws 4 lines all together.

Let's take the example of a 8-range chart (8-point in MultiCharts' terminology).
Let L and H be the current Low and the current High of the bar under formation.

If the price moves up and reaches L + 9 ticks, the current bar will be closed at L + 8 ticks, and the next bar will open at L + 9 ticks.
If the price moves down and reaches H - 9 ticks, the current bar will be closed at H - 8 ticks, and the next bar will open at H - 9 ticks.

So, when a bar is under formation, the indicator draws 2 little dotted lines above the bar, at L+8 and L+9, as well as 2 little dotted lines below the bar, at H-8 and H-9. They correspond to the possible levels of the close of the current bar, and the open of the next, either in the case of an up move, or in the case of a down move.

It has to be underlined that, by definition of a range chart, these positions are not final. If the current H or the current L of the bar under formation moves, the dotted lines will move also.

However, as soon as current H-L of the current bar equals 8 ticks, we know for sure the position of the 4 above-mentioned open and close, and the line becomes solid.

Related discussion thread: https://nexusfi.com/elite-circle/20941-multicharts-indicator-range-charts-position-next-close-next-open.html

Category The Elite Circle

Details: Range Charts - position of the next close and the next open (for MultiCharts) - v1
Category: The Elite Circle

June 12th, 2012
Size: 11.28 KB
Downloaded: 120 times

Range Marker Indicator

NOTE: Updated 3/11/2010 -- There were a few issues with currencies that have been corrected. Also additional text info has been added. See my blog for details and for NT7 version as well. The NT65 version has been updated here.

Another range bar range thingy (great minds work alike

)...

This indicator is for range charts only (seems to work on any flavor or range bars too). It will draw a box around the current candle that indicates how much further a bar would have to move before the range is exhausted and new bar begins to paint.

This box is dynamic in that it adjusts in height based on the current size of the candle. In this way it is always indicating the maximum extent possible for the current candle.

It will also highlight this box using colors depending on how close the candle size is the maximum. Optionally, this indicator can also print the high and low price of the box's range just above and below the box itself.

I'll admit this may be more eye candy than anything else but I thought I'd offer it up anyway.

Full info can be found here: [email protected]: Range Marker Indicator

This was exported using NT Version 6.5

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NO ( see blog for NT7 version )

Category NinjaTrader 6.5 Indicators

Details: Range Marker Indicator
Category: NinjaTrader 6.5 Indicators

November 8th, 2009
Size: 3.30 KB
Downloaded: 730 times

Range Weighted Moving Average (amaRWMA)

Version 1.0 March 12, 2017

The Range Weighted Moving Average (RWMA) is weighted moving average which uses the square of the range of the bar as weighting factor. The exact formula for the weighting factor has the bar range replaced with the number of tick levels covered by the bar.

Volatility is driven by volume and is approximately proportional to the square root of volume. Therefore it is possible to use the squared range as a proxy for volume. This is interesting when genuine volume figures are not available. This would be the case

- for FOREX data that comes without historical backfill for volume
- for instruments that are driven by other markets outside of the regular session

In these cases the VWMA may be distorted, whereas the RWMA will still return proper results.

Category NinjaTrader 8 Indicators and More

Details: Range Weighted Moving Average (amaRWMA)
Category: NinjaTrader 8 Indicators and More

October 20th, 2017
Size: 2.68 KB
Downloaded: 571 times

Keywords: average moving range rwma volatility vwma weighting

RangeDisparityMeter

The RangeDisparityMeter Indicator is a powerful tool designed to provide real-time insights into the price movement within a trading session. This indicator offers traders a dynamic view of the current session's price range and compares it to historical data, enabling more informed trading decisions.

**Key Features:**

1. **Real-time Range Monitoring:** The indicator continuously tracks the development of the trading session's price range as it unfolds, allowing traders to stay on top of price movements as they happen.

2. **Historical Range Comparison:** Gain a competitive edge by comparing the current session's range to historical averages. This valuable perspective helps traders identify potential overbought or oversold conditions and assess the significance of price movements.

3. **Visual Clarity:** The Session Range Tracker Indicator presents information in a clear and intuitive visual format, making it easy for traders to spot trends and anomalies at a glance.

4. **Customizable Parameters:** Tailor the indicator to your specific trading strategy with customizable parameters, such as the look-back period for historical range comparisons, reset the range meter at various intervals and visual style preferences.

**How It Works:**

The RangeDisparityMeter Indicator calculates the price range within the current trading session (Yellow Hash Line) and overlays it with historical range data (Gray Bar Graph). By doing so, it provides a visual representation of whether the session's price movements are within the expected norm or deviating from it. This information can be instrumental in identifying potential trading opportunities and risk management.

There is an open thread if you'd like to discuss or report a misbehavior:

RangeDisparityMeter Indicator for NT8

I've posted a new indicator named 'RangeDisparityMeter', it is a companion to the 'VOLCumulativeDisparityMeter'.

The indicator continuously tracks the development of the trading session's price range as it unfolds and compares …

Code

/*
 * Change Log (RangeDisparityMeter):
 * 
 * [2023-09-21] - [v1.00]
 * 1st time released.
 */

Category NinjaTrader 8 Indicators and More

Details: RangeDisparityMeter
Category: NinjaTrader 8 Indicators and More

September 21st, 2023
Size: 6.79 KB
Downloaded: 567 times

RangeRider for NT8 V1.0

The general idea was to better clarify both entry and exit points.

So I created a combination Bollinger Bands and Pivot Points indicator, but utilizing the MIN and MAX functions in order to eliminate the smoothing that comes with Bollinger Bands. By doing so market fluctuations are (for me at least) more clearly defined.

Though I mostly use range bars other bar types also work well.

It is not unusual for me to "turn off" the bars themselves by making them transparent. Much less distracting clutter on the screen and I like things simple.

However, early on it is best to leave the bars visible in order to fully understand the various patterns created by the indicator. Whether in chop or a trending market certain patterns quite often become obvious. And those patterns repeat time and time again.

Category NinjaTrader 8 Indicators and More

Details: RangeRider for NT8 V1.0
Category: NinjaTrader 8 Indicators and More

November 4th, 2018
Size: 4.86 KB
Downloaded: 856 times

Keywords: min range mix

Ratio2Instrument

This indicator plots the ratio between two instruments. The default quantity is 1 (1*x/1*y, for example), though that can be changed in the dialog.

Attached is a monthly chart of the Gold/Oil ratio as an example.

Version 3.12 posted 16 May 2010 by MXASJ.

Category NinjaTrader 7 Indicators

Details: Ratio2Instrument
Category: NinjaTrader 7 Indicators

May 16th, 2010
Size: 2.70 KB
Downloaded: 407 times

Keywords: mxasj ratio

Ray with alert

This is a very handy indicator that adds an alert to the Ray. I got it from the NT forum. Alerts can be changed, see :
https://nexusfi.com/traders-hideout/6146-using-different-wav-files.html

Category NinjaTrader 7 Indicators

Details: Ray with alert
Category: NinjaTrader 7 Indicators

October 23rd, 2010
Size: 4.21 KB
Downloaded: 408 times

RBI (RenkoBarsIndicator)

I recently wrote this RBI indicator and found it very useful for my trading. I got frustrated of fighting the bugs of different BarsTypes (for instance Tick and Renko charts of the same instrument), and the ugly superposition of different Bars Types in NT7.

So what I am doing now is calculating and plotting as an INDICATOR the "LineOnClose" of the Renko Bars on top of 1 Range and 1 Tick Charts (I also use others), so that the nice "big picture" noise filtering view of the Renko bars combines well with the detailed price action. Works great on strategies, no need to use "AddRenko" or Add(PeriodType.Renko), they run much faster.

See attached screen capture, the Black plots are the LineOnClose of the 1 Range or 1 Tick Bars, the Blue plots are the LineOnClose of the RBI. You can select the BrickSize, Reversal amount (Renko's default is 2 Bars) , and to color the backgound based on the RenkoTrend. It also has a RenkoTrend +1 / -1 output for strategy integration uses. I hope you find it useful, I have "borrowed" so much good stuff from BMT!

Compiled on NT7 b18, works also on NT 6.5.

Category The Elite Circle

Details: RBI (RenkoBarsIndicator)
Category: The Elite Circle

July 20th, 2010
Size: 2.66 KB
Downloaded: 1546 times

Keywords: renko drben

RCBInorm trend direction

This indicator is the same as NJ7 version but with color, red if <= 20, blue if >= 80

Category NinjaTrader 6.5 Indicators

Details: RCBInorm trend direction
Category: NinjaTrader 6.5 Indicators

August 9th, 2010
Size: 5.96 KB
Downloaded: 350 times

Read values from a text file and use them as variables.

This indicator will read values from a .txt file, I've set the location of the file in the root directory, but you can change that to what ever you want.(c:\MyTextFile.txt)

I've set it up to hold 4 values:

EMAMin#12
EMAMax#24
StartTime#21:00
EndTime#09:00

You can add/remove any of the lines, but remember to change the Properties in the C# code.
When you add values you need to make sure the name/values are separatored by a hash (#)

It was written in Ninja7, but I'm sure it will work in Ninja6

Hope you like it?

Category NinjaTrader 7 Indicators

Details: Read values from a text file and use them as variables.
Category: NinjaTrader 7 Indicators

September 3rd, 2010
Size: 2.57 KB
Downloaded: 346 times

Keywords: read values textfile external

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