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Searching for entries matching brooks, looking in keywords for any words
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Middle of the day and middle of the range (Al Brooks) for MultiCharts - v1

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.

Discussion thread: https://nexusfi.com/elite-circle/17426-multicharts-indicator-middle-day-middle-range-historical-al-brooks.html

Category The Elite Circle

Details: Middle of the day and middle of the range (Al Brooks) for MultiCharts - v1
Category: The Elite Circle

February 5th, 2012
Size: 8.09 KB
Downloaded: 164 times

Keywords: al brooks day range middle

High / Low Indicator (similar to BrooksBars)

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 i�ve 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 i�ve 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 don�t 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. i�ve got many benefits here by big mike so its fine if i could give something back to you.

please don�t 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

pullbacktrader

Category The Elite Circle

Details: High / Low Indicator (similar to BrooksBars)
Category: The Elite Circle

January 12th, 2012
Size: 7.90 KB
Downloaded: 1166 times

Keywords: bars brooks high indicator low shadow

DOM_Bands_v1

Noticed when writing my trading journal (so glad I found this forum, thanks Mike, and all those I've learned from) I was constantly noting the DOM. So, decided to have an indicator that visualized it.

This is ladder based on jtRealStats code (NT downloads) and looks at the ending cumulative volume of bids and asks for each bar. In the code I limited the idx to the 5 levels above and below. Previous postings have noted that a equally-weighted and heavy DOM is one sign of Barb Wire (AL Brooks). Thus, a vaccum for your trading $$$.

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NO (sam028)

Category NinjaTrader 6.5 Indicators

Details: DOM_Bands_v1
Category: NinjaTrader 6.5 Indicators

January 7th, 2010
Size: 2.65 KB
Downloaded: 765 times

Keywords: brooks cumulative depth dom tape volume ztrade101