This indicator plots the maximum high or minimum low of a forming Range Bar. The plots disappear as soon as a new bar forms or the current bar has filled its required range.
Nov 5th: have fixed coding problem so that it will no longer function when you change to other chart formats. Right now is good for Range Bar and RangeAlt. If someone tells me the coding for the RangeNoGap I can add that in.
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.
October 31st, 2009
Size: 7.53 MB
Downloaded: 163 times
169
cunparis
Attached is a spreadsheet to use for planning how much you can withdraw from your trading account on a monthly basis based on your daily profit goal and number of days trading each month.
It includes a very rough tax calculator... (very rough).
For a business planning cash flow, you would need to add in your trading costs (data feed, charting package, fund for equipment replacement, etc.) as deductions against yield. You could also add in interest on unused funds if your broker does that.
You can create various scenarios for yourself based on "expected" results, "worst case", "best case".
Hopefully it will help you create realistic expectations of what you can expect to withdraw and still keep your account balance at an appropriate level.
This is an indicator that looks for higher highs and lower lows. Inspired by John Carter's TTMScalper. Found on the NT forum. It's plotting price action based on higher highs, and lower lows.
If, used on it's own, it will give a lot of false signals, therefore it is recommended to be used in conjunction with other stuff that fits your trading stile and that's confirming your set-up.
June 30th, 2011 01:44 AM Southsea Thanks for the great indicator! I am having a problem, though. I can't get the price markers to work. I set price mar
kers on "true" and they do not appear. Thoughts? I would be REALLY helpful to have price markers. Thanks again for t
he fabulous indicator! SS
May 3rd, 2011 09:33 AM AttitudeTrader Thanks! Perfect for what I needed.
-AT
September 9th, 2010 02:38 PM theucreport
June 23rd, 2010 05:24 PM ValLiant exactly what i am looking for thanks for posting!
May 5th, 2010 07:03 AM mata Thanks for the helpful tool and it works with NT7