I'm happy to share this indicator, that when you select a rectangle you can extend it into the future, whether it's the next day or several days into the future. I hope you find it useful, and here is a short VIDEO so you can see how it is used.
March 16th, 2023
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adonm5
What is a Fib? Or support/resistance? Or a supply or demand level? All of these terms describe areas on a chart where price action does something; they represent areas where professional traders reveal themselves and their intentions. I had this indicator built by TradingCoders out of Australia, they’ve built many indicators for me and all work extremely well. James, the head developer, can code anything you can think up.
The dpLadder is a swing-based indicator. But what is a swing? It’s a place where price has had a change of heart. I wondered what a chart would look like if, between swing-points, I plotted Fibs. I’m sure many of you had the same thoughts and I decided to automate it. Add the Ladder to your chart. It will automatically use two recent swings as the high and low and plot a Fib between them and will then propagate the ‘rungs’ of the ladder above and below those two swing-points while plotting Fibs between the rungs.
The indicator also has the ability to use a second timeframe and repeat the ladder-building process. So, while my chart may be a 1 minute, internally the indicator can be using a 30-minute data series to plot wider swings and therefore a second set of Fibs. All the Fib lines are color/style/thickness/opacity adjustable.
The controls for the indicator are placed on the chart for fast access. The ‘dpLadder Update’ button will cause the indicator to look for new swing-points. The ‘Show-Hide Fibs’ button will hide the ‘internal’ Fib lines while keeping the primary swing-points, the 0% and 100% lines, which make the rungs of the ladder. The ‘PriceL’ and ‘PriceH’ input fields allow the user to manually choose the swing-points and the indicator will then redraw the chart with those points as the basis for all ladder rungs and Fibs. Input for those fields is entered from the right side.
Attending the Al Brooks' "Brooks Price Action" , I noticed that their bar numbering was only during Regular Trading Hours (RTH), and displayed just the EVEN bar numbers. For instance, for "CME Index Futures US RTH", the numbering began with the second bar after the 0930 EST open, and ended at 1700.
Many thanks to the creator of the BASIS with which I began: Bar Counter Colored, I believe it was.
Options for even OR odd numbers - doing both would take up too much space. Also spacing and coloring options for the numbers, etc., from the original script, unchanged.
Can also optionally number bars in an ENTIRE session....ETH - Extended Treading Hours, for example for "CME Index Futures US ETH".
September 27th, 2022
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sunshnpeg
This indicator will automatically label all plots in the price panel. The plot names are what are assigned by the creator of the indicator, there are no provisions to change the plots names.
You have the options of:
Font type and size.
Area width for labels
background area color
Number of ticks away from the current price (live) or historically the close of the historical bar
No labels.
NOTE: If you scroll the bars and are only looking at historical bars, the label background will change to dim gray to indicate you are not looking at live bars. If you have enabled Ticks away option then the letter "H" will precede the ticks value indicating that the ticks value is from the last closed bar shown. When you return to live bars, the label background will return to your selection and if viewing ticks, the "H will be removed.
I have set the default SMA value to 30 instead of Joe Ross's 40 SMA. I have also included sound files used by this indicator. There could be too many arrows printed on the chart if you enable trend arrows. You may want to read Joe Ross's chapter from the above link, and test your strategy before entering any trade using this indicator. Please let me know with any suggestions to further improve this indicator.
October 21st, 2024 01:26 PM ThinkDecoded I love it
August 13th, 2023 05:44 PM bluedot Thanks for sharing
July 1st, 2023 08:11 PM tcbtrader Wonderful! Thank you so much for sharing with us all. I've used James several times in the past and his indicators are