You could use this indicator to trade in the direction of the trend after minor pull backs reversal. It could be used in strategies. It is variation of TTM trend indicator.
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.
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.
This is my version of two of the volume patterns from the Better Volume indicator from eminiwatch.com. I only use HVC & LV bars in my trading and these were easy to port. The other volume bars (Climax bars) require upticks & downticks which are available historically with Tradestation but not with Ninjatrader.
HVC bars often mark turning points and are usually the result of professional activity.
LV bars are usually amateur activity and the move may not continue.
I have tested this indicator against the better volume indicator on Tradestation and there is zero difference. If you want the Climax bars I encourage you to purchase the Better Volume for Ninjatrader from eminiwatch.
I also plan to add more volume patterns to this indicator such as "No Demand", "Stopping Volume", etc. If anyone would like to contribute please let me know, I have lots of ideas but little time so I could use the help.
For more information on using this indicator and the volume patterns, please see the thread:
10/19 - Fixed a date/time formatting issue with non-"en-US" cultures.
10/29 - A got a lot of requests to provide a background and border so that the candles and other indicators didn't overlay the text. If you would like this version it can be found here: https://www.johnthom.com/2009/10/economic-news-indicator.html
April 5th, 2011 07:08 AM TimC UGH! Beware! I installed this indicator in NT7 and have yet to get my NT back to normal. Indicator screen takes FOREVER
to load, if at all. Many restarts. I've deleted all files for this indicator from NT but it seems the damage is done. Ma
y have to remove NT7 and start fresh.
March 20th, 2011 12:25 AM Aragorn I used it on Ninja 6.5 but when I switched to 7.0 I found that it tool an enormous amount of time to load a chart- sever
al minutes. I never suspected a ninjascript so I did everything- uninstalled and reinstalled Ninja; downloaded data from
Mirus; used very small charts to load; I even went so far as to question my Windows update so I restarted my computer f
rom a previous start point wiping out all new updates. Nothing helped. Slow Slow Slow. I contacted Ninja Support and I w
ent step by step reinstalling the application. As it turns out it was this ninjascript and I didn't even have it on any
of my charts or the chart I was loading. It was just in the list of indicators. I liked it when I had it on 6.5 but don'
t think I can use it on 7.0.
February 22nd, 2011 04:15 AM tmwff This indicator crashed my Ninja 7 system yesterday. I was told to delete it from the Ninja Support Team. They told me th
at yesterday a lot of useres had problems with this indicator. Be careful!!!
February 9th, 2011 02:58 AM leff Excellent
February 4th, 2011 03:36 AM gat3keeper Very Nice. Thank you!
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
March 19th, 2014 06:33 PM bobc635 Thanks....Looks interesting
September 3rd, 2013 01:52 PM sdp0024 You can use www.Sharkindicator.com to easily create and backtest very quickly your strategies. It's pretty cheap to for
what it does. Think it's like $500 for the ultimate version. Well worth it in gold.
http://www.sharkindicators.com/products/bloodhound-utlimate/ I believe they are running a Labor Day special for $100 of
f through 9/4/2013
January 6th, 2011 11:54 PM masaleem1 Hi my name is saleem and I am a novice trader was taking a look at your volume plot
it looks very interesting so I just wonted to know why you came up with the this plot and
how the underling logic of the plot works. Well I am sure you are very busy and don't feel
you have to rush to reply back
well great work
April 15th, 2010 08:44 AM greathopes Very interesting looking. Can't wait to see it in realtime.