hey jeff - can you duplicate these indicators - not a trick question - i got this chart from a friend - i know the bands are bollinger set to .8 and 13 but no clue to what the others are - its off a es 5min rth for today may25 - seems to have given some decent buys and sells today when all the stuff lined up
if you can, these might be helpful to the crew - good luck
Panel 3 and 4 look like the ema slope bar indicator. I'm not sure what the panel 2 oscillator is......I've tried macd, cci, squeeze etc.......none of them quite lines up.....so....I'm stumped on panel 2.
is it possible to design a simple ADR indicator - i have looked everywhere for one and could not find it for ninja trader - the strategy is as followes -
Input info to calculate the ADR on an instrument on a time period n - plot the info and compare the adr to todays n period out of 100 percent - the range left from today is plotted against the previous - ( if the adr is 15 ticks or .80 cents - its totals 100 percent - if todays move is 12 ticks or .65 cents - the balance of move left is 19 percent - signal based on your own parameters for takeing the trade, you can input that you only want a sound or an arrow or a word to say trade or no trade - green or red arrow if you input to give you a signal based on 30 percent or 10 percent or 50 percent room )
it will help if we can design something like they have here >>> check it out please
also to clarify what i am thinking of
the idea is like this
i want to be able to calculate the average daily range of an instrument over a certain period that can be changed
for example - i can choose 2 days - 5 days - 2 weeks - 2 months - whatever?
that average will be considered as 100 percent before the open today
today that 100 percent will be changed depanding on what the instrument does
if the average for the emini over the past 2 weeks is 50 ticks ( 100 percent) and today at the open its down or up 10 ticks from when u want to get in then you have 40 ticks to play with ( 80% of the adr) - decision to enter trade, lots of room
if the average for the emini over the past 2 weeks is 50 ticks ( 100 percent) and today sometime when u want to take a trade its down or up 45 ticks then you have 5 ticks to play with ( 10% of the adr) - decision to maybe not enter trade , no room