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Trade Setup - Indicator
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Created: by ArtCole Attachments:4

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Trade Setup - Indicator

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Elite Member
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Trade Setup - Indicator

This is one of the trade setups I use and have been drawing the lines manually. I am not a programmer so I am wondering if this is something that can be coded in NT? On any time frame you are looking for the current bar to open above the previous bar open for a long opportunity or below the previous bar open for a short opportunity. A line is drawn a the previous bar high and low. If the current bar open is higher than the previous bar open a green line is drawn so only long trades. If the current bar open is lower than previous bar open a red line is drawn for only short trades. For an aggressive trade entry you can place the order one tick above/below the break of the previous bar high or low by the current bar. For a conservative trade you wait for the current bar to close either above or below the high or low of the previous bar. I appreciate your ideas and suggestions.

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Trade Setup - Indicator-6e-long-setup.jpg   Trade Setup - Indicator-6e-short-setup.jpg  
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  #3 (permalink)
Market Wizard
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ArtCole View Post
This is one of the trade setups I use and have been drawing the lines manually. I am not a programmer so I am wondering if this is something that can be coded in NT? On any time frame you are looking for the current bar to open above the previous bar open for a long opportunity or below the previous bar open for a short opportunity. A line is drawn a the previous bar high and low. If the current bar open is higher than the previous bar open a green line is drawn so only long trades. If the current bar open is lower than previous bar open a red line is drawn for only short trades. For an aggressive trade entry you can place the order one tick above/below the break of the previous bar high or low by the current bar. For a conservative trade you wait for the current bar to close either above or below the high or low of the previous bar. I appreciate your ideas and suggestions.

Art,

I don't think this is exactly what you're looking for, but it might help. Got it from TheRumpledOne (TRO) awhile back, before he was banned from the forum. Screenshot & indicator (for NT7) attached.

It has the capability of showing support / resistance & draws lines at the tops / bottoms of bars to let you know where you could go long or short.

After all, it's what you learn AFTER you know it all, that counts!
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Trade Setup - Indicator-tro_dynamicsr_3.jpg  
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Thank you Wizard for your kind reply. I will have a look at this and maybe there is something that could be hacked away at to get what I am looking for.

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