BT OPENING RANGE INDICATOR - without vertical lines at session changes - NinjaTrader Programming | futures io social day trading
futures io futures trading


BT OPENING RANGE INDICATOR - without vertical lines at session changes
Updated: Views / Replies:26,020 / 108
Created: by Todd Attachments:49

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 49  
 
Thread Tools Search this Thread
 

BT OPENING RANGE INDICATOR - without vertical lines at session changes

  #31 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 379 given, 227 received

Opening Ranges on Tick Based Charts

FT,

Does the opening range indicator work on Tick based charts?

Reply With Quote
 
  #32 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary


Trafford View Post
FT,

Does the opening range indicator work on Tick based charts?

Have not tested yet, but it should.

Reply With Quote
 
  #33 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 379 given, 227 received


Yes it works great I put two of the same indicator on, one to capture first 30 mins and second to capture completion of IB.

Thanks,

Trafford

Reply With Quote
 
  #34 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary


Trafford View Post
Yes it works great I put two of the same indicator on, one to capture first 30 mins and second to capture completion of IB.

Thanks,

Trafford

Colors can be changed to make the difference.

You can also save the original indicator under a different name, such as anaInitialBalanceV30. You will then need to replace the string "OR30" with "IB30" within the indicator code to have different enums. You can then replace the text in lines 111-113 to show "IB-High", IB-Low" and "IB-Mid" and afterwards compile. Compiling of the copied indicator will not work, if you do not change the names of the enums.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #35 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Advanced
Platform: Charts:Ninja Trader w/IB, execution:TOS
Broker/Data: TOS
Favorite Futures: CL, ES, ZN, ZB, RUT.
 
Posts: 227 since Jul 2009
Thanks: 98 given, 119 received


Fat Tails View Post
That would be sort of a minimum price target for the day. You could display this in a similar fashion as the SessionVolatility Bands. Calculate averageZ for two periods, for example 3 and 10 days. You can then plot a band above and below the open for the RTH session.

The SessionVolatilityBands indicator already has an ETH and RTH option, uses the session logic and calculates averages of the daily range, so it should not be too diiffcult to modify the calculation

- take the minimum Min(high - open, open - low) instead of the daily range, then apply the average calculatation
- add/subtract this to the open value instead adding to low and subtracting from high

Does this make sense for you?

Any luck with this? No rush, no rush lol

Reply With Quote
 
  #36 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary


meyer99 View Post
Any luck with this? No rush, no rush lol

It is on my ever growing to-do-list, as it canc be done with moderate effort.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #37 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary


meyer99 View Post
I do not have a chart to show but its only two horizontal lines.
Basically the indicator looks at a) the difference between the HH less the open and b) the open less the LL for the RTH for a certain day. Then picks the lower of a or b for that day (Z).
Then add the Z's of the past x days and divide by x (averZ).
The next day at the open it will draw two lines 1) at the open + averZ, and 2) the open - averZ. The lines cover only RTH.

I have posted it here, as it is a modified version of the SessionVolatilityBands Indicator.

https://futures.io/elite-group-trading-methods/4287-average-daily-range-adr-8.html#post79311

Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
  #38 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 379 given, 227 received


Fat Tails View Post
Colors can be changed to make the difference.

You can also save the original indicator under a different name, such as anaInitialBalanceV30. You will then need to replace the string "OR30" with "IB30" within the indicator code to have different enums. You can then replace the text in lines 111-113 to show "IB-High", IB-Low" and "IB-Mid" and afterwards compile. Compiling of the copied indicator will not work, if you do not change the names of the enums.


Thanks FT I will give tha a go.

Reply With Quote
 
  #39 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary

Indicator Update OpeningRange V30

I have updated the opening range indicator.

Following a suggestion by @trendisyourfriend, the indicator will now show all incomplete ranges in gray. Once they are completed they switch to their usual color.

This applies to the opening range between session start and completion, to the night session or pre-session range prior to session start, the Asian range during the Asian session and the European range during the European session.

I would appreciate, if some of you tested the indicator. It works correctly on my machine, but with all the rules for the different timezones, it could well be that the Plot() meethod does something unexpected, if you are sitting in the US or Asia.

https://futures.io/free_downloads/ninjatrader-7/indicators/620-download.html?view

The charts below show how incomplete and complete ranges now should be drawn. I did not change the version number of the indicator.

Attached Thumbnails
BT OPENING RANGE INDICATOR - without vertical lines at session changes-eurusd-5-min-16_12_2010-asian.jpg   BT OPENING RANGE INDICATOR - without vertical lines at session changes-eurusd-5-min-16_12_2010-european.jpg   BT OPENING RANGE INDICATOR - without vertical lines at session changes-eurusd-5-min-16_12_2010-new-york.jpg  
Reply With Quote
The following 6 users say Thank You to Fat Tails for this post:
 
  #40 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,621 since Mar 2010
Thanks: 4,223 given, 25,485 received
Forum Reputation: Legendary

NinjaTrader Bug Affects Indicator for Small TimeFrames


A short note on the OpeningRange V31 and Initial Balance Range Bands V31 Indicators.

There are several NinjaTrader bugs that affect the indicator and occur, when you use it on volume or tick bars with very small periods. The bugs are the consequence of a strange behavior of NinjaTrader time stamps. More details are here:

https://futures.io/platforms-indicators/980-truth-ninjatrader-67.html#post109687


The problem will translate to a very narrow opening range, which is calculated from the high and the low of the first bar.

It will only affect the super fast scalpers, which use tick and volume charts with a resolution that allows to complete the first bar of the session prior to the end of the first second of the trading session.

Normal traders are not affected by the bug.

Reply With Quote
The following 3 users say Thank You to Fat Tails for this post:

Reply



futures io > > > > > BT OPENING RANGE INDICATOR - without vertical lines at session changes

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Opening Range Indicator - small glitch Todd NinjaTrader Programming 27 October 10th, 2014 04:21 PM
ORP (Opening Range Projections) TAJTrades Traders Hideout 13 May 29th, 2011 03:17 AM
Opening Range Play in FGBL max-td Traders Hideout 14 July 31st, 2010 05:49 PM
vertical lines Jeff Castille NinjaTrader Programming 6 October 20th, 2009 05:15 PM
Opening Range Indicator msocks The Elite Circle 0 September 15th, 2009 11:58 PM


All times are GMT -4. The time now is 06:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-21 in 0.13 seconds with 20 queries on phoenix via your IP 54.158.55.5