This is a simple indicator that allows to display larger timeframe boxes on any chart. For example you can display 30 min or 60 min boxes on a 5 min chart.
The larger timeframe boxes are plotted behind the standard candles of the chart and are aligned to session times. Colors and opacity of the boxes and the box outline color can be selected.
The indicator has been tested to work on fixed period (minute), tick, range, Kagi, Renko and rangeNoGap charts. Due to its session logic in cannot be used on daily data.
Drawing boxes around candles is a standard feature of NinjaTrader. However, if your primary chart is built from ticks, adding boxes will cause NinjaTrader to switch to non-equidistant bar spacing.
This indicator basically allows you to draw those boxes without suffering from unevenly spaced bars. However, it is not a genuine multi-timeframe indicator which loads a secondary bar series. The boxes just regroup N candles as selected via indicator panel.
Based on Ninja SampleMultiTimeFrame strategy + guidance from Ryan/Josh/Brett (Ninja support team), I was able to develop a simple MTF indicator capturing some MA entry requirements of a higher time frame (5-Range) and have a visual alert (text label) plotting on a lower time frame (3-Range) chart. It serves to remind me stay with Trend Direction and no counter-trend trades.
It took me over a month lol! I am hoping this simple indicator will shed light to those who are still trying.
Coded to my interests at the time, MultiTimeFrame Strategy: also has some interesting code for Profit Targets and Trailing Stops. One interesting thing (at least for me lol) I had included was an option that if the bar closed over a trigger for moving the trailing loss, not just if it hit the trigger value. Audio and Visual Alerts. Works on historical data.
I've been working on a multi-timeframe momentum strategy focused on the ADXVMA for a few months now. It uses 4 Range bars for entries and 11 range bars for filters. No secrets, the code is below (keep it amongst the Elite brothers and sisters please).
November 4th, 2010 05:12 PM Houston Jr Interesting chart you are working on...has potential, if Im not inputting my biases...added the MomStop V2 with momenty