Thanks to CCL Systems ( cclsys) for the indicator. This is the same indicator adapted to the NT 7 nuances. A small amount of cleanup and voila!
The NT 6.5 version is here. The description from that location reads:
Especially helpful for non-time-based bar charts (though also good for them too), this indicator shows the Range Per Minute - expressed in ticks. To avoid huge bars during report times, the coding has a simple governor limitation to reduce the display value, but otherwise is accurate. There is also an optional alarm when RPM accelerates. You will probably have to go into the code to put in a sound file that you have in the Ninja/Sounds directory on the main system partition (not in the MyDocuments area).
Code cleaned up, new Scalping indicators and back color options. If the speed is accelerating above the average (default 6) and it's an up bar, a little wingding arrow will appear below the low and keep plotting on subsequent bars until there is a reversal or a new acceleration.
I find I can load it into the same panel as a volume indicator because the values are so low. Meanwhile if you enable price markers, the current RPM in ticks is displayed as text in the bottom right. The backcolors show that often shortly after acceleration there is a new move or climax of current move so it works as a leading indicator in some cases or confirmation of entry possibility in longer pattern setups.
The alarm can be disabled or a different sound file from the Sounds Directory in the Ninja System folders (not My Docs area).
Small, simple indicator but giving simple, factual information not often shown in others.
If there is enough interest, I can make the background colors and the audio callout selectable. Let me know.
This is an indie that plots dynamic fib lines on the chart. It is courtesy of https://www.coiledmarkets.com/ They gave me permission to share it here on the site.
Basically, in real time, the key fib levels are plotted. It is similar to the BigMike's FibEnvelope but it only changes if a new high/low is made, otherwise the fib lines remain flat.
I use it for possible chop identification and in theory, possible targets for intrafib trades. Once prices close and hold below/above extreme fib lines, a possible mega bearish/bullish run is in the works. Not always, but it is a good signal to perhaps look for bigger runs.
I use it on NT7, not sure if it works on 6.5 or not.
Works on any range chart, time based chart, volume or tick chart.
Includes plots for HOD and LOD.
This indie requires a restart of Ninja.
The indicator shows up in the indicator window as "MyDynamicPivots" NOT Dynamic Fib Lines.
Plots the MACD, RSI, or Stochastics and automatically draws a line representing the current trend and generates an alert if the trend line is broken. Based on the Automatic Trend Line Detection indicator by NinjaTrader_Ray.
December 11th, 2016 07:52 PM xtrader Very interesting... overwhelming majority of traders fail. So, whatever the personality type that is dominate in trading
(and it is there) should be understood. Found mine and went to trading sites that discuss this and found mine to be in
the small population. Good news.
May 5th, 2015 07:33 AM wwwingman Thank you for a great article.
July 13th, 2011 09:51 AM brevco I love ADX and this is an excellent visual representation of where there is strength or weakness in the trend. Thank yo
May 29th, 2014 06:13 PM dnkhoward2 Thank you very much!!!
June 28th, 2012 08:41 AM YellowTrader Hi, This is a very useful indicator but why is it that I can't find it in "Edit NinjaTrader Indicator" list to open the
code and change the ratio's . However I can find it on chart's indicator list to run it on my charts.
your guidance is appreciated.
January 7th, 2012 01:54 PM Abde
July 15th, 2011 09:29 PM madelynnjohnson This is an amazingly accurate indicator. Been looking for something like this for a year. THANKS!!!