Hello Traders. This indicator looks for a congestion of candles and then a break out. Once the breakout is confirmed, it paints the box up or down and indicates the POC of that congestion box. The indicator is working in real time, but does not paint the box until the breakout is confirmed (2bars). You can change the Box Color if you want to see all of the boxes forming. I find that distracting.
I downloaded the CongestionBox4RNT8 a few months ago and I like the indicator, but there were a few annoying problems. This version fixes the problems that I found in my use.
Fixes:
1. The colors did not stick from startup to startup in the original version...
2. The original consumed a lot of resources, so I set a timer so that it only calculated the boxes during times that matter to the user. This cuts down on the calculations and memory use. You can set the start/stop time to what you want.
R1: Trader Contrax was having problems with autoscaling in his setup. He found what needed to be changed (Thx). Most people will not notice a difference so I edited the indie, left the name the same and just updated the file.
Several traders are having 'freezing' problems. This indie is a resource hog. You want to run as little history as possible with Congestion Box. One trick that I use is to have a transparent chart on the same panel as my main chart. Let's say you have a 5min chart. Add a second 5min chart to the same panel, transparent candles, wicks, etc, with 1 day history. The Congestion Box uses the 1 day chart as its input. You can have several instances of charts on the same panel.. A great NT attribute.
R2: Member jabeztrading, the original developer of the indicator, fixed the issue with the button recurring. This fix also fixed the resource problem. Excellent work!!!
Please let me know if you find any other issues.
Thanks
Bob
Here is the original description...Converted from the NT7 version. Originally design for range bars to box in those congestion areas produced by up and down bars that resulted from the market not going anywhere (it's not perfect).
But some folks had success using the indicator on minute charts.
The box is delayed and the red and green colors are even more delay but this was not meant to be a real time indicator.
December 31st, 2018
Size: 9.18 KB
Downloaded: 1398 times
2035
bobc635
Hello Traders, I thought that I uploaded this a few years ago...
I have added color and Volatility Channels (Keltner-ish) to the popular ADXVMA. You can select your colors for an Up trend, Down trend or Neutral. The Volatility Bands can be colored and set to the multipliers that you prefer. In the picture, the ADXVMA is set to 5 periods and the bands are set to 1.618 for the inner band and 3.14 for the outer band.
When the center line is yellow, the trend is not defined. I have found that a touch of the band with a yellow center will reject. I hope that this helps you with the chop.
July 26th, 2018
Size: 5.84 KB
Downloaded: 396 times
1985
bobc635
Hello Traders, there are several reasons to mark certain times. Perhaps you like to mark the 30 and 60 minute time slots, the open of the market, the volatility slots or news releases. This indicator will paint from your start time to your end time.
You can have several instances with different times and different colors and opacity.
I have used this indicator through several instances of NT 8 and several bar types with no issues. This was compiled on NT8 V 14.2
July 4th, 2018
Size: 2.39 KB
Downloaded: 806 times
1976
bobc635
Hello Traders, there are certain time slots during the day where the volatility increases. This could be due to news releases at certain times or institutional adjustments after the 'morning meetings'. This indicator is a modification of the ATR indicator that makes the average of the ATR 1 (range of one candle) and allows you to set how many candles back to evaluate. For simplicity the candles in the pic are set to 60minutes and the 4 instances of ATRback are set to look back 23, 46, 69, and 92 candles ( 1,2,3,4 trade days back) so you can spot the time slots where the range of the 1 hour candles tend to increase. Another application might be to set the lookback in intervals of a week, so you would be looking at that day of the week 1,2,3,4,weeks back.
This indicator has worked on several instances of NT 8 and several bar types. It was exported using NT8 v14.2
July 4th, 2018
Size: 1.81 KB
Downloaded: 277 times
1975
bobc635
Hello Traders, the is an NT8 indicator(exported from 8.0.7.0) that is a colored HMA. The HMA can be calculated from any chart type and period (Multi Time Frame). In the picture is a 15M CL chart. It has two instances of this indie. One is an HMA21 calculated from a 10 min chart and the second is a HMA21 calculated from a 10Range. The indie title displayed on the chart shows the type and period info, as does the title in the user configuration panel. The HMA is completely configurable for color, drawing type HMA Period, Chart Type and Chart Period. There is a label in the right margin of the chart that identifies the indicator. Depending on the timeframes of the chart vs the HMA, you may need to enable Tick Replay in the Data Series. Let me know what you think!
July 8th, 2017
Size: 6.79 KB
Downloaded: 754 times
1881
bobc635
R7: 2/28/2022: I normalized Bands to accommodate fractional TickSize.
R6a: 6/23/2021 - Fixed the background not shading properly and the column number setting.
R5: 1/27/2021 - Added the calculation and display of the range from High to Low inside bands.
R4: 4/10/2020 - NT made some changes that caused errors with some indies. I took care of the error with this rev. When the button hides the indie, you need to hit f5 to hide the background color. If someone knows how to fix this... let me know.
R3:12/20/2018 - I added a switch to show or hide the indicator. I renamed it to ADXVMAButtonBand.
R2: 9/23/2018- I noticed a small error when displaying the Period in the title block.
R1: 2/22/2018- I found an error in how larger user inputs were being handled for the volatility band multipliers. If you were using < 4 multiplier, then you will not see a difference.
Hello Traders, I have added color and Volatility (Keltner-esk) Channels to the popular ADXVMA. You can select your colors for an Up trend, Down trend or Neutral. The Keltner Bands can be colored and set to the multipliers that you prefer. In the picture, the ADXVMA is set to 5 periods and the bands are set to 1.5 for the inner band and 2.5 for the outer band. The background can also be shaded to same colors as the lines.
Many Thanks to Zondor for the original NT8 coding of the ADXVMA.
March 5th, 2017
Size: 20.61 KB
Downloaded: 1166 times
1838
bobc635
Hello Traders, Rev 3... Astute trader NgoLimit suggested an enhancement. I have added the ability to change the drawing style.
Rev 2...An astute trader found a slight oversight in the code. The line size went to a fixed width if history was not enabled. I have fixed this. Thanks Aregon!
Rev 1...I have enhanced the capabilities a little. Now you can name the event. In the example, I have the CL Pit Open, the Equities Open and the CL Pit Close. I hope that this is useful for you...
Bob
Hello Traders, Here is an NT8 indicator that marks the pit open, or any other time based event such as a news event or inventory report or the like. It paints a horizontal line from the event and extends for x hours. Since the time can be set, you could use several instances of the indicator for the Open, News Event or whatever you like. You have the Option of turning the text on or off and the option of printing historical events. Since the indicator uses a synthesized 1Minute time base, you can put it on virtually any chart type and the time-price mark will always be correct. I use it for the CL Pit Open and important news events.
January 7th, 2017
Size: 2.68 KB
Downloaded: 1366 times
1796
bobc635
Hello Traders, a few months ago, a trader that I met through BigMikes turned me on to The Strategy Lab.[URL="http://www.thestrategylab.com"] There is a lot of free material there to study. The more that I read, the more that I liked the concept, so I built an indi to show the Wide Range Body (WRB) and WRB Hidden Gap. The concept is to show increasing volatility and areas of support and resistance. I encourage you to read the free material.
This NT7 indicator will work on every chart type although it does not make any sense on some range restricted charts. It colors the candle of the WRB and paints a rectangle for the WRB Hidden Gap. It also draws a vertical line for a WRB in the event that you use it on a PnF chart since there is no candle to color. You can choose the colors and audio indications for the WRB and the WRB Hidden Gap and the line width for the WRB line.
If you are interested in the WRB Zones, I have heard that there is an indi on the Strategy Lab site called Mr Zones that works fine with this indi.
January 10th, 2016
Size: 3.00 KB
Downloaded: 936 times
1699
bobc635
Hello Traders, a few months ago, a trader that I met through BigMikes turned me on to The Strategy Lab.[URL="http://www.thestrategylab.com"] There is a lot of free material there to study. The more that I read, the more that I liked the concept, so I built an indi to show the Wide Range Body (WRB) and WRB Hidden Gap. The concept is to show increasing volatility and areas of support and resistance. I encourage you to read the free material.
This NT7 indicator will work on every chart type although it does not make any sense on some range restricted charts. It colors the candle of the WRB and paints a rectangle for the WRB Hidden Gap. It also draws a vertical line for a WRB in the event that you use it on a PnF chart since there is no candle to color. You can choose the colors and audio indications for the WRB and the WRB Hidden Gap and the line width for the WRB line.
If you are interested in the WRB Zones, I have heard that there is an indi on the Strategy Lab site called Mr Zones that works fine with this indi.
October 31st, 2020 03:04 PM Ej437 Can we get this indicator updated to NT8?
October 31st, 2016 12:33 PM Sousa Thanks a lot for the WRB HG and i agree with wrbtrader about the WRB Zones, on the other hand guys its better to train y
our eye to see them while learning candle stick pattern while your at it. lastly
Which audio wav. alert is for regular WRB and which on is for hidden gap WRB? just to clarify in your post would be grea
t! (y)
September 11th, 2016 02:21 PM Bobi Thank you.
July 4th, 2016 01:16 PM bobc635 Hi wrbtrader.... I just saw your posted request. I am sorry for the slow response.... we have been really busy here with
moving to new house and travel. I believe that the Indi on your site called Mr Zones does the trick. If I am missing
something, let me know...
Bob
June 18th, 2016 12:23 PM wrbtrader I greatly appreciate the hard work. It would be nice if you could design it to show WRB Zones related to basic tutorial
chapter 2 to show the Zone highlighted on the chart so that it can extend to the right for better visualization.
April 19th, 2024 09:04 PM racecarjw Redownloading the opening price indicator I acccidentling deleted while cleaning out a bloated indicator file. Thanks ag
ain BobC.
January 15th, 2023 12:23 AM Davydh This is a useful tool except it doesn't let you do midnight.
June 4th, 2022 12:40 PM rjoerosso I am trying to mark the midnight NY time opening bar. My inputs are EventHour = 0 And EventMinute = 0. And nothing s
hows up. Can you help?
September 5th, 2021 02:08 PM bobc635 @BKOp... Hi and thanks for the feedback.... I dont use Bloodhound so I dont know what they are looking for. The line
is drawn from a Draw.Line statement, whose parameters are defined by the AddPlot statement in the State.Configure... P
erhaps in your BH documentation they define what is needed. You can either have a codie that uses BH do the mod for you
, or send me the documentation and I will re-configure the indie to do what they prescribe. Since I dont have BH, you w
ill have to check it out and we will go back and forth to debug it.
Thanks and Trade Well...
Bob
September 2nd, 2021 10:50 AM OutATime Thank so much!
great indicator. Was wondering if you could could make a verssioin of the indicater so that a third party indicator like
markers plus can copy lines to make an semi auto entry. thank you Bill
August 5th, 2021 05:59 PM Pocketful Thank you Bob for demo in webinar. I use a fib trend indi and always liked the ADXVMA. Now I'll compare with the bands
.
September 18th, 2020 05:30 AM TexNinja THANKS!
May 5th, 2020 04:20 AM bcomas Thanks! Fantastic tool
September 12th, 2019 12:53 PM BoltTrader Thank you! Looks great
February 12th, 2022 11:35 AM zoomie Very nice...Thank you
June 28th, 2020 09:17 PM naphtalicapital Bob,
Thanks for the congestion indicator. Really a great job. My concern is that each time the green or red bx appears the pr
ice is already moved 4 or 5 points. So it really lagging price. So if you have a 5 choppy ziz zag move, you are out of m
oney 20ticks in each move. Is there a way to adjust the parameters to have the boxes appear sooner? If this can be done,
that will be a home run.
thanks
May 23rd, 2020 04:40 AM ZivG This is totally awesome. How can we use it in NinjaScript or a strategy? What's the signal that tells us when the box is
done forming?
THANK YOU --
Ziv.
November 1st, 2019 09:01 AM justtrader Very useful
September 27th, 2019 05:17 PM Bullywig Is there a way to assign a value to the boxes? For example, 1 for a green box broken to the up side, and -1 for a broke
n red box to the downside so it can be called in a strategy?