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Higher Time Frame Inside-Outside Bar Indicator ???


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  #1 (permalink)
 
philipp's Avatar
 philipp 
zürich/ switzerland
 
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Platform: NT7, Sierra
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hello,

i found an inside outside bar indicator indicator on this forum
https://nexusfi.com/ninjatrader/2461-inside_-outside-bar-indicator.html
and thought, if it would be possible to get the 5 minute chart outside bar data plotted on the 1 minute chart as an example ( the indicator plots a horizontal line on top, bottom and in the middle of the outside bar).

thanks in advance


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  #2 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
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I have coded a similar multi-timeframe indicator, which plots ranges based on auction bars. An auction bar is a wide ranging bar that shifts the value of a continuous auction to a new area.

The indicator plots a range a small percentage above and below the auction bar. The chart shows auction ranges calculated from a 15 min bar series on a 3 min chart.

Of course it is possible to implement a similare concept based on outside bars.


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  #3 (permalink)
 
philipp's Avatar
 philipp 
zürich/ switzerland
 
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Platform: NT7, Sierra
Trading: CL
Posts: 128 since Nov 2010
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hi fat tails,

thanks for your reply.
your concept of auction bars already comes very close to what i meant.
i have no programming skills, so the question is, can i do this by myself (maybe after watching the ninjatrader programming webinar)?
i hope this question doesnt sound too simpleminded, but i thought, i already have the indicator,
i have a few other multi time frame indicators, so lets bring these concepts together.

beste grüsse in die heimat


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Last Updated on September 5, 2011


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