This one starts at the beginning of each session and plots through the session. It includes a small bit of 'intelligence' in that it is made specifically to deal with ambiguous situations when a bar spans across the length of your desired ZigZag. In this case some ZZs don't know wether to plot an Up or Down move. This ZZ figures most of those situations out correctly. Although there are times it can be wrong if the desired ZZ is set too small for the volatility of the instrument.
Included are "real time" options so that the latest developing swing will plot Live, once it has reached the based threshold set by the user.
This will plot both the Swings INtraday, as well as the Daily Swing or Main Move. All of which can be toggled on off.
The ShowPreswings option when set to true, will plot swings that occur BEFORE the minimum ZZ length has occurred. An arrow will plot once that minimum swing length has occurred.
Many customizable options included with this, to include full customization of all of the lines, colors and widths, distance the labels and lines appear from the highs/lows etc.
The download file contains two indicators which can be used to explore the average range and volume of any intraday time period over a selected lookback period. The average takes into account the day of the week. For example the average volume displayed for any bar period on Wednesdays is only calculated from data taken from prior Wednesdays.
With default settings the indicators calculate average range and average volume from the prior 20 weeks (reference period). The result is then displayed for the last 2 weeks (display period) of the chart. The lookback period of the chart should be larger than the sum of reference and display period. With default setting the minimum lookback period would be 22 weeks + 1 day = 155 days.
The indicators can only be used with fixed period charts (for example 30 min or 60 min charts).
Please take into account that NinjaTrader cuts off the bars at the end of a session. Therefore the last bar of each session may show a comparatively low volume. The indicator does not convert this volume into a pro-forma volume by extrapolating the volume to a full bar.
Update September 16, 2014: Holiday calendar added, day of week is displayed below the histogram.
Detailed explanations how to use the indicator can be found here:
Here is a method to invert charts of VIX, ZN, ZF, ZB if you prefer looking at the mirror image rather the default chart. Full credit to the folks over at Ninjatrader for posting this.
The indicator draws a mirror image of the default chart as a line chart, candlesticks are not supported. The dataseries you want to invert should be specified in the "Input Series" option of indicator. See link above for notes on the custom range.
October 30th, 2010
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fluxsmith
Adaptive Moving Average, from the book 'Smarter Trading' by Perry J. Kaufman. A range from slow to fast for EMA period is selected based on 'Efficiency' (a signal to noise ratio, see jhlEfficiency). The resulting EMA factor is then squared, which will bias the long end of the range towards zero movement (a 30 slow period becomes 479.5 periods when the EMA factor is squared). For any given slow period n, the effective maximum period is (n + 1) squared / 2 - 1. Version 1.0.
WilliamsPercentR, position of close as a percentage of range. I've scaled this from 0 to 100 instead of the traditional -100 to 0; it just makes more sense to me.
Kase Bars Type for Ninja Trader, as described in video-interview-kase-bars
Just import into NT, and restart NT. You should then have a "Kase" type available in the intervals in the data series window. The target range is specified in number of ticks.
Note: latest is V5, which undid the NT65 changes in V4 as it was causing problems, but left the new sortId intact.
NT 6.5: Yes - does not support new bar at session boundary
NT 7.0: Yes
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
August 3rd, 2018 01:34 PM Darquer Well done. Thank you.
August 28th, 2017 01:36 PM moneylender888 NT has never had a decent zigzag. Amazing job! Thank you.
May 31st, 2017 01:13 PM mehtachandru very good indicator . its one i hv been looking for to identify a trend . The yellow dots trend line is good , can it be
changed adjusted made in two parts. One for start of session and the other after trend changes or mid session.
April 24th, 2017 12:21 PM Maxie it is a great indikatoe, thks