I've seen this indicator on many other platforms but not NinjaTrader. in general, it plots the SMA of the Highs and Lows of the bars to display trend, and possible changes.
I use it in 2 ways (both are pictured). The most common is on the chart with the primary data series. I generally set colors for just Up and Down with the other 3 Transparent. Mid and Max may be used here.
For the second mode, use it in a new pane and set all plots to transparent except SSLDir but make it plot as a bar and the appropriate width.
I have found a setting around 10 works pretty good for time-based charts and around 4 for fixed-height (renko, range) charts.
Stats
Displays the historical probability over time for that specific stat. Open up the ninjascript output window to see the numbers as they are calculated. The default indicator currently shows the historical probability over the overnight range being broken.
Range Histogram
A histogram showing the distribution of ranges for each bar. The graph shows the value area in blue which is 70% of all samples. Keep in mind that the graph uses a logarithmic scale so differences between values are actually greater than they appear on the graph.
August 25th, 2018
Size: 19.60 KB
Downloaded: 393 times
1992
TWDsje
Exported using NT Version 6.5.1000.6
Description
This is a moving average created by Igorad from the Trend Laboratory and Forex-TSD forums.
It has very low lag when the market is trending and is usually flat when the market is ranging.
Change Log Updates 1.
Changed MA_Mode to only allow SMA or WMA Updates 2.
Allow kV input minimum value to be 0
Allow Percentage input to be positive or negative Updates 3.
No longer BETA.
To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file
Special thanks to Saroj, there are no superlatives sufficient to describe how her genius, dedication, selflessness, and compassion for all BMT members have taken this indicator...at this point I must digress because I am not sure I feel comfortable using the word "indicator", as it somehow demeans this work of art in a manner analogous to stating the Mona Lisa is a mere "painting". Accordingly, I retract and rephrase...her genius, dedication, selflessness, and compassion for all BMT members have taken this work of art to levels heretofore unknown or even imagined by retail and institutional traders alike.
August 7th, 2011
Size: 36.91 KB
Downloaded: 283 times
972
vegasfoster
Indicator gives the ability to color candle sticks based on stochastic indicator. You can paint as Heiken Ashi style overlay or just plain. Very configurable.
September 5th, 2023 12:37 PM Tradarr Thanks! Can you add squeeze plots for Market Analyzer and Chart Alerts?
August 8th, 2023 07:32 PM MTCTrades AWESOME indicator! Keeps me out of chop, clearly signals when to get in - even uncovered a safe way to enter on reversal
s after exhaustion! SO pleased and grateful to you for sharing this excellent work.
May 9th, 2023 02:48 PM racecarjw Thank you for your generosity with sharing your work.