Im looking for an indicator that allows you to place offset lines from the open, either user-defined price or offset in ticks?

Ideally you could have zones above and below the open.

Im looking for an indicator that allows you to place offset lines from the open, either user-defined price or offset in ticks?

Ideally you could have zones above and below the open.

What platform?

Bob.

@Fibbee,

You probably should post this request in the free NinjaTrader indicator thread, here:

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), …

It is more likely that someone looking at that thread will either know of an existing indicator that does what you want, or be willing to create one.

I'm switching this thread to the NinjaTrader subforum, but I really suggest that you use the free indicator thread, and repost it there. If you do, I'll close this thread as a duplicate and let things continue in the other thread, to keep the number of split topics down.

I imagine such an indicator already exists. I know there are Opening Range indicators that draw lines around the open based on time -- that is, the high and low of the first x number of minutes. What you are talking about is at least similar, and probably is already out there. If not, someone may be willing to make it for you .

Bob.

I've posted in that thread multiple times over the years and never get a response from anyone.

My programmer can do it, I was just hoping someone had already thought of this and I could circumvent cost and time to obtain.

I've posted in that thread multiple times over the years and never get a response from anyone.

My programmer can do it, I was just hoping someone had already thought of this and I could circumvent cost and time to obtain.

@Fibbee not sure if this is what you were looking for but there is an indicator built into nt8 called 'constant lines.' Also, you might try @Fat Tails indicator 'ana opening range'....it's somewhere in the ninja elite downloads section.

hope this helps!

Johnny

anaOpeningRange would plot the overnight range and the regular open range. It is not a multi-timeframe indicator. Therefore it is only accurate on minute charts, for which the bars align to the regular open range.

@Fibbee: In case that you look for an indicator that plots lines from the regular open, you could have a look at the concept of "the stretch" developed by Toby Crabel. The stretch is "determined by looking at the previous ten days and averaging the sum of the differences between the open for each day and the closest extreme to the open on each day". When comparing this concept to the opening range

- it also adjusts the range to volatility, albeit to the average volatility to the prior 10 days and not to the volatility of the current session
- but it offers you range targets after the very first tick of the regular session

I largely prefer this approach to any range set in ticks. I also prefer it to an opening range, as the concept of the opening range requires to wait until the range has been completed. At this stage a major price move can already be over.