OHLC based on previous day's close

May 27th, 2012, 06:08 AM

Hi,
I'm new to ninjatrader and excited to begin learning the program. I noticed that ninja trader's OHLC bar charts are a little different than others i'm used to. Is there an indicator available that plots each bar according to the previous day's close? As it is now, the bars are colored based on the close versus the open of the same bar. I want them to be colored based on the current close versus the previous day's close.
Thanks all, Andrew

May 27th, 2012, 09:39 AM

asf008005

Hi,
I'm new to ninjatrader and excited to begin learning the program. I noticed that ninja trader's OHLC bar charts are a little different than others i'm used to. Is there an indicator available that plots each bar according to the previous day's close? As it is now, the bars are colored based on the close versus the open of the same bar. I want them to be colored based on the current close versus the previous day's close.
Thanks all, Andrew

The way NinjaTrader colors the bars is needed for candle sticks. Otherwise you would not be able to tell whether a bar that has its full body above or below the prior close is an upclose or downclose.

Many charting programs like TradeStationor MultiCharts have unicolor OHLC bars, others like Wealth Lab follow the rules of candlesticks as NinjaTrader does.

If you need another rule, just code a small indicator and apply it to your chart.

This would be the code for the colors you want to see:

Code

private override void Initialize()
{
      CalculateOnBarClose = false;
}

private override void OnBarUpdate()
{
      if (CurrentBar < 1) 
             return;
      if(Close[0] > Close[1])
             BarColor = Color.LimeGreen;
      else if (Close[0] < Close[1])
             BarColor = Color.Red;
      else
             BarColor = Color.Orange;
}

Just edit any indicator, remove all stuff in public class <your indicator name>: Indicator and replace it with the code above. Not tested.

May 28th, 2012, 02:21 AM

Thanks Fat tails!
Unfortunately, I don't think i'm able to do that in my version. I just joined mirus and downloaded the direct edition. It's not a full license key, and I cant create my own ninjascript strategies. Do you think there is a way around this?

-Andrew

May 28th, 2012, 08:18 AM

You will need somebody to code the indicator and export it as a zip file. You can then import the indicator with your direct edition.

Have attached the indicator below, just import it. I have not serialized the colors, so you cannot currently select them. Maybe someone will add that code, I can do it as well, but do not have the time now.

May 28th, 2012, 10:25 AM

Wow, thanks a lot fat tails. I loaded your file and it looks good! Changing color isn't a big deal, they match up with my original format. Great work!!

-I forgot about wanting the volume bars to match up as well. I'm assuming its an easy fix, same idea just with volume. Thanks again, happy Memorial Day!
-Andrew

May 28th, 2012, 11:35 AM

asf008005

Wow, thanks a lot fat tails. I loaded your file and it looks good! Changing color isn't a big deal, they match up with my original format. Great work!!

-I forgot about wanting the volume bars to match up as well. I'm assuming its an easy fix, same idea just with volume. Thanks again, happy Memorial Day!
-Andrew

Did you try to apply the indicator to volume bars?

May 28th, 2012, 11:48 AM

asf008005

Thanks Fat tails!
Unfortunately, I don't think i'm able to do that in my version. I just joined mirus and downloaded the direct edition. It's not a full license key, and I cant create my own ninjascript strategies. Do you think there is a way around this?

-Andrew

@asf008005 send email to support@NinjaTrader.com

here is my email, remember to change to suite your broker;
Hi,
I am with AMP future,
my NT doesn't have AMT feature can you send me the free license with full functionality as Ray said, thanks.

May 28th, 2012, 08:47 PM

Cory: I just sent them an email, i'll cross my fingers. Thanks
FT: I'm having trouble with that. I'm going into indicators menu, adding a new "BarColorsOHLC", and changing the input series to my VolumeUpDown indicator. I tried using plain VOL as well, but can't seem to get it.

May 29th, 2012, 04:18 AM

asf008005

Cory: I just sent them an email, i'll cross my fingers. Thanks
FT: I'm having trouble with that. I'm going into indicators menu, adding a new "BarColorsOHLC", and changing the input series to my VolumeUpDown indicator. I tried using plain VOL as well, but can't seem to get it.

The BarColorsOHLC will not color the VolumeUpDown indicator.

You would have to modify the VolumeUpDown indicator directly. Best you post on this thread

Want your NinjaTrader indicator created, free?

Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader.

The programmers on the forum (there are many), …

and someone might do it, as it only takes a few minutes.

OHLC based on previous day's close

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OHLC based on previous day's close