This is a basic indicator prepared while reading Al Brooks' first book.
Al Brooks advises to be very cautious when trading the ES in the middle of the day and in the middle of the range of the day, especially in case of Barb Wire.
This indicator simply identifies the zone which are "in the middle of the day and in the middle of the range of the day". It is supposed to be used for past data, just in order to "have a look".
"Middle of the day" is defined by the user through the beginning time and the end time of the period (default values: 1130 and 1330)
"Middle of the range of the day" is defined by the height of this mid-range compared to the current Hi-Lo of the day. The default value is 0.33 (33%). It means that the "middle of the range of the day" is the range which is at the middle of the current Hi-Lo of the day and the height of which is 33% of the current Hi-Lo of the day.
For NinjaTrader 7.
This is a customised version of the G24TT High / Low Indicator (similar to BrooksBars) indicator. I added extra display options and ZOrder -1 to place this Indicator behind other objects on the chart. Shadows are now behind candles so can be almost any colour and opacity you want. Helps make it easier to set the shadow colour without obscuring other objects.
This version includes historical readings.
Several more user editable settings for colours.
Here is an indicator that I had coded for me last year. I recently made a few additions to it.
It's a lot like a MACD Bollinger Band Indicator, but different.
It will paint short, long and neutral bars.
It has a countertrend indicator built into it, which can be turned off (I usually turn it off as it produces lots of signals.)
It has the ability to email the user a trigger signal, which might be useful if you are trading in longer time frames, such as 4 hour or daily.
When I had it coded I was trying to recreate the RMO signals that are available in Metastock. I wanted to switch to Ninja, but at the time I was using the RMO for my trading signals.
I find it most useful when used with a longer term trend filtering indicator.
This Indicator is been made after i have seen the BrooksBars Indicator from Photog53. - (lot of Thanks to him !!!) It counts the Highs and Lows and iīve got a shadow inclued. I have wrote a description in German so that a professional programmer made the job for me. After much interests in a Threat here in the Forum, i decieded to share it to Elite Members. The most of you speak englisch, so iīve tried to translate the description, hope you can understand...it was not so easy.... so i ask for a little lenient. :-)
unfortunately the indicator count or paint only after you have start it in the chart, it donīt look back. Maybe some guys could modify this. the shadow-color and the count text (H1/L1) is also not changeable.
i am pleased if it is a help for anyone. iīve got many benefits here by big mike so its fine if i could give something back to you.
please donīt ask me about the code, but if someone have question about the idea/definition or about the use of the indicator, i am pleased to get message. I use it very helpful in my private trading
Here is an indicator that I spent quite a bit of money building. It still needs some work in my opinion so have fun and lets see what it can become. The only thing I will ask and trust everyone here for is please don't hand these out beyond the Elite club. Thank you!
Description for each parameter are at the bottom of the settings window when highlighted.
Please keep in mind as stated when I posted this, "THIS STILL NEEDS WORK", however, this is a great start for someone to take and run with. As I found out when I asked my program to build this, after many many tries, this is not an easy task. This is as far as he could take it and as much as I was willing to spend
This indicator might be best in a separate forum where you guys can work on it as a team!
While the Auto Trendline tool has already been done, this twist adds a true/false for historical trendlines. The benefit is you can add it to your chart several times with different pivot strengths showing more relevant trendlines across multiple synthetic timeframes without all of the historical lines all over the place.
Again as always, you will find it under the J's for JAM as that is how I organize my indicators that my programmer builds for me. Feel free to rename it.
Here is an indicator that I had my programmer whip up for me as I was looking at adding time and volatility for use with Range and Renko bars.
Average Bars per minute - if the average time per minute then smoothed by a moving average is over x period of time - don't trade.
Period and Signal are from the ADX component of the DM, the reason I had my programmer use DM instead of just the ADX is to experiment with the +DI and -DI. But the + and -DI and not functional in this version but instead time per bar is used. As always my indicators have JAM in front so I can keep them in one place. Feel free to rename for your own organization process.
(Vendor License taken out sorry)
JAM
Here is another version of the MACD BB with paint bars added. Nothing earth shattering by any means, but the Paint bars are a nice feature.
When the MACD moves outside of the BB's the bars change colors. You will need to make sure bars look back is on infinity and not 250 for historical data.
Fixed Vendor license is out sorry for that, please re-download and let me know if you have any other issues.
This indicator is based on tradestations free momentum indicator but I added a feature that is a histogram by default, smooths the histogram, adds a moving average to the histogram and reference lines in the suubgraph.
I could not find, does anyone have this indicator for NT8?
Thanks.
April 24th, 2022 01:39 PM designbynicki Hello!
I am Nicki. This is the indicator I have been looking forever...... ^^
Is there possible to get Ninja Trader 8 version?
Thank you in advance!
Nicki,
February 11th, 2018 09:08 AM reach4thelasers This indicator is absolutely useless. This is not how Al Brooks counts highs and lows. Not even close to it.
January 29th, 2015 11:06 AM Hood Is this indicator for Ninjatrader? I can't see any mention of what platform this is for.