Basically, in real time, the key fib levels are plotted. It is similar to the BigMike's FibEnvelope but it only changes if a new high/low is made, otherwise the fib lines remain flat.
I use it for possible chop identification and in theory, possible targets for intrafib trades. Once prices close and hold below/above extreme fib lines, a possible mega bearish/bullish run is in the works. Not always, but it is a good signal to perhaps look for bigger runs.
I use it on NT7, not sure if it works on 6.5 or not.
Works on any range chart, time based chart, volume or tick chart.
Includes plots for HOD and LOD.
This indie requires a restart of Ninja.
The indicator shows up in the indicator window as "MyDynamicPivots" NOT Dynamic Fib Lines.
Kase Bars Type for Ninja Trader, as described in video-interview-kase-bars
Just import into NT, and restart NT. You should then have a "Kase" type available in the intervals in the data series window. The target range is specified in number of ticks.
Note: latest is V5, which undid the NT65 changes in V4 as it was causing problems, but left the new sortId intact.
NT 6.5: Yes - does not support new bar at session boundary
NT 7.0: Yes
I recently wrote this RBI indicator and found it very useful for my trading. I got frustrated of fighting the bugs of different BarsTypes (for instance Tick and Renko charts of the same instrument), and the ugly superposition of different Bars Types in NT7.
So what I am doing now is calculating and plotting as an INDICATOR the "LineOnClose" of the Renko Bars on top of 1 Range and 1 Tick Charts (I also use others), so that the nice "big picture" noise filtering view of the Renko bars combines well with the detailed price action. Works great on strategies, no need to use "AddRenko" or Add(PeriodType.Renko), they run much faster.
See attached screen capture, the Black plots are the LineOnClose of the 1 Range or 1 Tick Bars, the Blue plots are the LineOnClose of the RBI. You can select the BrickSize, Reversal amount (Renko's default is 2 Bars) , and to color the backgound based on the RenkoTrend. It also has a RenkoTrend +1 / -1 output for strategy integration uses. I hope you find it useful, I have "borrowed" so much good stuff from BMT!
LATEST UPDATE SEPT 7 2010 V11 6.5 compliant.
Exported using 6.5.1000.16.
Review video of features here & here.
Further enhancement of my High Low Indicator.
Shows prior bar high and low and detects breakouts from it highlighting them visually and/or with sound.
The image saves me a thousand words
v10 Aug 12 2010
Added Inside Bar detection.
Added Key codes to make removing rectangle and/or text easier.
Added Bid Ask Lines Display.
Removed C = Current Ticks on range charts - seems redundant and takes up screen estate.
Widened rectangle.
v11. Sept 7 2010
Added HighestHigh/LowestLow of NBars as new type.
Added ability to displace box 1 bar to the left.
Widened Rectangle so there is no interference with Candlesticks.
Please remove all prior versions before installing the latest version.
I don't deserve much credit for this as it is simply a straightforward modification of Mike's Triple Smoothed EMA using predefined instances of the external indicators for code optimization. Elite only, please.
The EMA needs to be optimized too, for best results. That may have been done in latest version of NT7.. not sure, please check release notes. I did a quick check but did not find anything on EMA.
October 1st, 2016 12:47 PM gentech Thank you so much for this indicator. I was trying to figure out how to code for this and just happened to find your ex
May 29th, 2014 07:13 PM dnkhoward2 Thank you very much!!!
June 28th, 2012 09:41 AM YellowTrader Hi, This is a very useful indicator but why is it that I can't find it in "Edit NinjaTrader Indicator" list to open the
code and change the ratio's . However I can find it on chart's indicator list to run it on my charts.
your guidance is appreciated.
January 7th, 2012 02:54 PM Abde
July 15th, 2011 10:29 PM madelynnjohnson This is an amazingly accurate indicator. Been looking for something like this for a year. THANKS!!!