Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
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I have coded a similar multi-timeframe indicator, which plots ranges based on auction bars. An auction bar is a wide ranging bar that shifts the value of a continuous auction to a new area.
The indicator plots a range a small percentage above and below the auction bar. The chart shows auction ranges calculated from a 15 min bar series on a 3 min chart.
Of course it is possible to implement a similare concept based on outside bars.
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