May 13th, 2011
Size: 168.04 KB
Downloaded: 547 times
903
meyer99
BetterRenko is avail in elite area, and provides a better implementation, but this is left here for those interested.
Renko implemenation that maintains the correct wicks/volume.
It should coexist with SbsRenko and MedianRenko and NT Renko. The implementation also allows CandleSticks or OpenClose bar types to be used, but maintains the wick data reguardless of how it is displayed. The bar open is repainted, which is a weakness.
To use this, just import the zip file, compile some indicator, and restart Ninja to get the code loaded.
May 23rd, 2010
Size: 2.07 KB
Downloaded: 353 times
455
aslan
It's common for people to look at how large the upper or lower 'wicks' or 'shadows' are in comparison to the range of a bar. In writing strategies that do so, I got tired of re-re-coding calculations to look for especially large ones.
So, I created an indicator that shows the upper and lower wick size as a percentage of the bar's range. So, now, if I want to specify a wick that's greater than 50% of the bar's range, I can just look for instances where the indicator values are UpperWick > 50 or LowerWick < -50.
If you find looking for negative numbers cumbersome, edit the indicator and reverse the LowerWick calculations, from either (Low[0] - Open[0]) or (Low[0] - Close[0]) to (Open[0] - Low[0]) or (Close[0] - Low[0]), respectively. Then, all the histogram bars will point upwards and you can make your code always look for positive values.
I hope some of you find this indicator handy.
I neglected to account for instances where Range() is zero, so the original indicator sometimes stops working. This newer version corrects that problem.
November 5th, 2017
Size: 3.29 KB
Downloaded: 171 times
1927
DavidBodhi
I've been a fan of Better Renko bars for several years now and was looking for a way to identify when a Wick or a Tail on a Better Renko bar was larger than the setting I had chosen.
Eg., Using a 4 Better Renko bar setting on the ES and looking for Wicks or Tails that were 5 ticks or greater.
This little indicator will do that for you. It simply draws an Arrow symbol above or below the corresponding Wick or Tail.
When I trade the NQ I prefer a 3 Better Renko bar, I use the irWicksandTails indicator to highlight 4 tick Wicks or Tails.
I don't use them for trade entries, I just note when they start to show up and rely on their presence to help me discern a "short term" trend bias.
This indicator is for NT-8, and was compiled with Version 8.0.17.2 64 Bit
It's common for people to look at how large the upper or lower 'wicks' or 'shadows' are in comparison to the range of a bar. In writing strategies that do so, I got tired of re-re-coding calculations to look for especially large ones.
So, I created an indicator that shows the upper and lower wick size as a percentage of the bar's range. So, now, if I want to specify a wick that's greater than 50% of the bar's range, I can just look for instances where the indicator values are UpperWick > 50 or LowerWick < -50.
If you find looking for negative numbers cumbersome, edit the indicator and reverse the LowerWick calculations, from either (Low[0] - Open[0]) or (Low[0] - Close[0]) to (Open[0] - Low[0]) or (Close[0] - Low[0]), respectively. Then, all the histogram bars will point upwards and you can make your code always look for positive values.
I hope some of you find this indicator handy.
Thanks go to jmont1, who graciously converted this indicator to NT8.
November 15th, 2017
Size: 3.54 KB
Downloaded: 304 times
1933
DavidBodhi
Hello Traders, a few months ago, a trader that I met through BigMikes turned me on to The Strategy Lab.[URL="http://www.thestrategylab.com"] There is a lot of free material there to study. The more that I read, the more that I liked the concept, so I built an indi to show the Wide Range Body (WRB) and WRB Hidden Gap. The concept is to show increasing volatility and areas of support and resistance. I encourage you to read the free material.
This NT7 indicator will work on every chart type although it does not make any sense on some range restricted charts. It colors the candle of the WRB and paints a rectangle for the WRB Hidden Gap. It also draws a vertical line for a WRB in the event that you use it on a PnF chart since there is no candle to color. You can choose the colors and audio indications for the WRB and the WRB Hidden Gap and the line width for the WRB line.
If you are interested in the WRB Zones, I have heard that there is an indi on the Strategy Lab site called Mr Zones that works fine with this indi.
January 10th, 2016
Size: 3.00 KB
Downloaded: 936 times
1699
bobc635
Hello Traders, a few months ago, a trader that I met through BigMikes turned me on to The Strategy Lab.[URL="http://www.thestrategylab.com"] There is a lot of free material there to study. The more that I read, the more that I liked the concept, so I built an indi to show the Wide Range Body (WRB) and WRB Hidden Gap. The concept is to show increasing volatility and areas of support and resistance. I encourage you to read the free material.
This NT7 indicator will work on every chart type although it does not make any sense on some range restricted charts. It colors the candle of the WRB and paints a rectangle for the WRB Hidden Gap. It also draws a vertical line for a WRB in the event that you use it on a PnF chart since there is no candle to color. You can choose the colors and audio indications for the WRB and the WRB Hidden Gap and the line width for the WRB line.
If you are interested in the WRB Zones, I have heard that there is an indi on the Strategy Lab site called Mr Zones that works fine with this indi.
January 10th, 2016
Size: 3.00 KB
Downloaded: 683 times
1698
bobc635
Wilder's Moving Average (Tested on NT8.0.8.0)
Wilder’s Smoothing indicator was developed by Welles Wilder and mentioned in his book” New Concepts in Technical Trading”. Wilder used the Smoothing indicator as a component in several of his other indicators including the RSI. Wilder’s Smoothing indicator can be used in the same capacity as other moving averages. The smoothing indicator is used as an input in Wilder’s other indicators such as the RSI, Wilder’s Swing Indicator and Wilder’s Volatility Indicator.
October 31st, 2020 03:04 PM Ej437 Can we get this indicator updated to NT8?
October 31st, 2016 12:33 PM Sousa Thanks a lot for the WRB HG and i agree with wrbtrader about the WRB Zones, on the other hand guys its better to train y
our eye to see them while learning candle stick pattern while your at it. lastly
Which audio wav. alert is for regular WRB and which on is for hidden gap WRB? just to clarify in your post would be grea
t! (y)
September 11th, 2016 02:21 PM Bobi Thank you.
July 4th, 2016 01:16 PM bobc635 Hi wrbtrader.... I just saw your posted request. I am sorry for the slow response.... we have been really busy here with
moving to new house and travel. I believe that the Indi on your site called Mr Zones does the trick. If I am missing
something, let me know...
Bob
June 18th, 2016 12:23 PM wrbtrader I greatly appreciate the hard work. It would be nice if you could design it to show WRB Zones related to basic tutorial
chapter 2 to show the Zone highlighted on the chart so that it can extend to the right for better visualization.