I use range and volume bars. Many times it takes an inordinate amount of time to build a bar but it isn't obvious unless you do some basic math to find out. So, I created this indicator that works on any chart that is not time based. Really if you think about it you don't need this indicator on a time based chart.
It has two parameters. One is used to declare the number of bars you want to use to calculate the average time per bar and is called "Period". The second parameter is called "MaxLevel" which is used to set the level that you consider to be the acceptable level. For example, I base everything on 5 minutes so my "MaxLevel" is set to 5. So, if the average time per bar plot is below the "MaxLevel" line, I consider the market to be moving in an acceptable manner. Anything over the "MaxLevel" line is considered too slow for trading.
That about covers it. Pretty simple stuff.
Good luck and I hope you find it useful. In fact, I'm curious if anyone actually finds it to be useful. Please let me know.
I also created an indicator called jtRealStats_ChartDisplay (also in the zip file) which helps keep the chart sized properly to display the main indicator.
Also, you need to change the right side margin in chart properties from 4 to 24.
This is a collection of various filters by John Ehlers outlined in his excellent books "Rocket Science for Traders" and "Cybernet Analysis for Stocks and Futures"
Some folks like to see bars instead of just a line chart so this colors the bars for you to match. Color coordinated like that outfit your mom picked out...
September 14th, 2009
Size: 28.90 KB
Downloaded: 529 times
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websouth
There is a much better news indicator available that automatically downloads the news items. Please use that one.
I always forget to stand aside for news so I wrote this little indicator to remind me. It draws a vertical line and plays a wav file. You can set up to 10 times, so you can set it for example 10 minutes before the news and 10 minutes after (Time0 & Time1 for the first news alert). This lets you have 10 single news alerts or 5 news items with start and stop alerts. Leave any times you don't need set to 0 and they're ignored.
I have 1 idea for enhancement: Download the day's news releases from the internet automatically. This is at the edge of my Ninjatrader programming ability but if someone is interested in helping I can provide code to download a web page via HTTP. Parsing it is the problem.
Modified code to display Up/Down arrows when the MA line changes color. This indicator is a "Sample MA indicator that allows you to select different MA types."
Extra features(like arrows) are nice to have when you can turn them On/Off.
Plots lines at user defined values. Not sure where I had found this indicator but it comes in handy while placing your own lines on a chart. Lines are totally customizable.
December 10th, 2010 05:46 PM GaryN69 Awesome, thank you!
December 1st, 2010 02:34 PM greathopes Sweet indicator ty ty thank you ;~)
March 10th, 2010 11:05 AM sedonafan I would also very much like to have audible alerts and paint the bars on this indicator.
September 23rd, 2009 01:50 AM HJay Love the arrow addition. 2 missing features that would be nice to have would be the ability to paint the bars according
to line color as well as audible alerting on change of color. Thanks
December 1st, 2010 02:24 PM greathopes Hey Cunparis you must be answering my prayers with this one problem is i'm getting an error saying: Property value i
s not valid. i get it when i input the time for the alert. with 24 hour time and with am/pm help cause i love the idea
. Kindly, Tangerine
September 21st, 2009 10:40 PM zwentz I can see if I can code this up to night, to automatically grab the news for each day.
September 13th, 2009 12:22 PM HJay Thanks Paris... Can't wait to see it fire off on Monday!
July 15th, 2010 01:29 PM sbgtrading The authors info is in the indicator code file itself, as a comment.
September 16th, 2009 06:45 AM HJay I recently added this to my range charts. I will let you know how it goes. From what I can see it does a pretty good j
ob at identifying R/S points. Thanks for the effort!
October 12th, 2010 01:32 AM dvan You can view detailed description of the indicator? )
June 22nd, 2010 04:04 PM willyad thanks
November 5th, 2009 10:23 PM cclsys This is an extraordinary indicator to be be able to access gratis. Anything that helps see the bids/offers or volume his
tory is helpful since really all you need to know about price is already on a bar chart. But volume isn't so obvious and
can be quite revealing. Amongst other things, very helpful when stop-trailing above break even to identify areas with m
uch higher support/resistance than others.
Only downside: it's another indicator, but this one has about 5,000 data points, so although very helpful, it's also a t
ad distracting!
September 26th, 2009 08:25 PM j0hnth0m I like what you did with my indicator. I get tonnes of comments on my blog for this indicator. I'll post a link to th
is version as you have greatly improved it.
Thanks.
September 22nd, 2009 11:29 PM Big Mike Nicely done, thank you!
September 29th, 2013 10:35 AM mdl060374 very nice!
July 7th, 2011 03:53 PM gg80108 imported into 7 works good
April 25th, 2011 01:29 PM wireford Mike-
Thanks for all your hard work. Downloaded this from NT a year ago but never realized you had programmed it until I joine
d BMT.
Andy Crawford
June 7th, 2010 06:53 AM enriquec Thanks man !!! Great job .I was looking for that . I have some ideas about the aplication of this stuff .Maybe we will