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NT7 Indictor to color price bars by period
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NT7 Indictor to color price bars by period

  #1 (permalink)
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NT7 Indictor to color price bars by period

I am looking for an NT7 indictor to colour price bars by period, for example all price bars for today are blue, all price bars for yesterday are grey. The two colours would alternate based on historical intraday data. I have attached, a screen shot from a different trading platform to help explain what i mean. Any help would be greatly appreciated.

Attached Thumbnails
NT7 Indictor to color price bars by period-price-bars-period.jpg  

Last edited by smcsorley; August 30th, 2011 at 12:16 PM.
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  #2 (permalink)
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smcsorley View Post
I am looking for an NT7 indictor to colour price bars by period, for example all price bars for today are blue, all price bars for yesterday are grey. The two colours would alternate based on historical intraday data. I have attached, a screen shot from a different trading platform to help explain what i mean. Any help would be greatly appreciated.

This is pretty easy to achieve.

NinjaTrader 7 has a session manager, which allows you define the trading day. Best you use an appropriate template for each instrument. What you need to do:

-> Make sure that the appropriate session template has been defined
-> Attach this session template to the instrument via the instrument manager
-> Use all charts with <instrument settings>

This is important, because a trading day for ES would start at 3:30 PM Central Time (or 5:00 PM Central Time on Sunday evening) and end at 3:15 PM Central Time. A trading day for CL would start at 6:00 PM EST and end at 5:15 PM EST.

Once you have done this you can use the indicator attached, which will plot the bars in a different color for each day of the week.

Attached Thumbnails
NT7 Indictor to color price bars by period-es-09-11-60-min-30_08_2011-candles.jpg   NT7 Indictor to color price bars by period-es-09-11-60-min-30_08_2011-ohlc.jpg  
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Register to download File Type: zip DailyColor.zip (2.3 KB, 38 views)

Last edited by Fat Tails; August 30th, 2011 at 04:11 PM.
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  #3 (permalink)
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Fat Tails View Post
This is pretty easy to achieve.

NinjaTrader 7 has a session manager, which allows you define the trading day. Best you use an appropriate template for each instrument. What you need to do:

-> Make sure that the appropriate session template has been defined
-> Attach this session template to the instrument via the instrument manager
-> Use all charts with <instrument settings>

This is important, because a trading day for ES would start at 3:30 PM Central Time (or 5:00 PM Central Time on Sunday evening) and end at 3:15 PM Central Time. A trading day for CL would start at 6:00 PM EST and end at 5:15 PM EST.

Once you have done this you can use the indicator attached, which will plot the bars in a different color for each day of the week.

Fat,

Is it OK if I set my session template to 24/7 for Euro (6E) ? Have a look at my attached screenshot.

@Smcsorley seems to be requesting for an alternating two colors NOT five colors. Could you tweak the indicator to do just two colors ?

Lolu

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Last edited by lolu; August 30th, 2011 at 06:27 PM.
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lolu View Post
Fat,

Is it OK if I set my session template to 24/7 for Euro (6E) ? Have a look at my attached screenshot.

Lolu

I do not think that 24/7 is an appropriate setting. The FOREX markets close at 5:00 PM New York time. If you set it to 24/7 your session break will be at midnight EST, which is towards the end of the Tokyo session.

That does not make sense at all.

For 6E you should use the market hours as specified by CME. 6E closes at 4:00 PM Central Time (which is the same as 5:00 PM EST). So if even CME follows the New York FOREX close, why would you select your market break 7 hours later?

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Fat Tails View Post
I do not think that 24/7 is an appropriate setting .....For 6E you should use the market hours as specified by CME.

Is this suggestion just for the purpose of this DailyColorBar indicator ?

I've been trading only 6E all this while and I set my session template to 24/7 for my trading session; is this not appropriate too ?

PS: I edited my last post a few minutes after I posted it and as regard two colors request by the OP instead of five colors that you have in the DailyColorBar indicator.

Lolu

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lolu View Post
Is this suggestion just for the purpose of this DailyColorBar indicator ?

I've been trading only 6E all this while and I set my session template to 24/7 for my trading session; is this not appropriate too ?

PS: I edited my last post a few minutes after I posted it and as regard two colors request by the OP instead of five colors that you have in the DailyColorBar indicator.

Lolu

Yes, the indicator can be easily modified to display two colors. It is just an example. But it is midnight here, so I will stop for today.

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Fat Tails View Post
Yes, the indicator can be easily modified to display two colors. It is just an example. But it is midnight here, so I will stop for today.

Hey Fat, I thought we're in the same Time Zone (GMT +1); it's one hour to midnight here; maybe 'cos I have the same Time Zone with London at this time of the year; have a good night and sleep well.

Lolu

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lolu View Post
Hey Fat, I thought we're in the same Time Zone (GMT +1); it's one hour to midnight here; maybe 'cos I have the same Time Zone with London at this time of the year; have a good night and sleep well.

Lolu

I guess that you don't have daylight savings time, as this is not required near the equator. Or maybe you have permanent summer time.

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Fat Tails View Post
I guess that you don't have daylight savings time, as this is not required near the equator. Or maybe you have permanent summer time.

Yeah, you're right; I'm close to the Equator.

Lolu

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thanks for the indi



Fat Tails View Post
Yes, the indicator can be easily modified to display two colors. It is just an example. But it is midnight here, so I will stop for today.

Thanks for your work on the indicator Fat Tails. When you get some time, could you do a 2 colour version, i would greatly appreciate it. Thanks again for your prompt response.

steve

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