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Range Analysis

Exported using NT Version 7.0.1000.16

This indicator allows to detect narrow range bars, inside bars, wide range bars, outside bars and triangles. The bar types follow the terminology presented by Toby Crabel in his book "Day Trading With Short Term Price Patterns and Opening Range Breakout". The triangle is a pattern made popular by Linda Bradford Raschke, also see here: https://nexusfi.com/ninjatrader/27847-linda-bradford-raschke-three-bar-triangle.html

These are the patterns that can be identified with the indicator with default settings:

Narrow range bar (NR7): a bar with a smaller range than the prior 6 bars

Narrow range inside bar (IB4): an inside bar with a smaller range than the prior 3 bars

Narrow range inside bar (IB7): an inside bar with a smaller range than the prior 6 bars

Double inside bar (DI4): an inside bar that is preceded by an inside bar and which has a smaller range than the prededing 4 bars

Wide range bar (WR7): a bar with a larger range than the prior 6 bars

Wide range outside bar (OB4): an outside bar with a larger range than the prior 3 bars

Wide range outside bar (OB7): an outside bar with a larger range than the prior 6 bars

Three bar triangle (LBR): a bar which lies inside the combined range of the prior two bars

Each of the patterns above can be selected an unseleceted. It is not recommended to display all the patterns at the same time on an intraday chart. The different patterns can be shown as text, diamonds or paintbars.

Simple inside bars: When the parameter "lookback inside bars" is set to 2, the indicator will detect all inside and double inside bars without taking into account their range size relative to preceding bars.

Simple outside bars: When the parameter "Lookback outside bars" is set to 2, the indicator will detect all outside bars.

The indicator comes with sound files which are part of the zipped file. The sound files can be extracted and copied to the directory C:\program files (x86)\NinjaTrader 7\sounds. The sounds will work with COBC=true and COBC= false. With COBC= false, wide range and outside bars are detected intra-bar, while narrow range, inside bars and triangles are detected after the bar has closed.

Category NinjaTrader 7 Indicators

Details: Range Analysis
Category: NinjaTrader 7 Indicators

October 19th, 2013
Size: 363.38 KB
Downloaded: 1713 times

Keywords: inside insidebar narrowrange narrowrangebar outside outsidebar triangles widerange widerangebar

Narrow Range Bars with Sound Alerts

Exported using NT Version 7.0.1000.4

This indicator is no longer maintained. Please download the new Range Analysis indicator, which identifies inside bars, narrow range bars, outside bars, wide range bars and LBR triangles.

https://nexusfi.com/download/ninjatrader-7/indicators/1450-download.html?view

This is my personal version of the narrow range and inside range bars, which were first presented by Toby Crabel in his book "Day Trading With Short Term Price Patterns and Opening Range Breakout".

Narrow Range 7 (NR7) Bar: A bar which has a smaller range than the preceding 6 bars. This definition does not include any bars that have a range smaller or equal to the preceding 6 bars.

Inside Range Bar: A bar with a lower or equal high, a higher or equal low and a smaller range than the preceding bar.

Inside Range 4 (IR4) Bar: An Inside Range Bar which qualifies as weak Narrow Range 4 Bar. Only for the purpose of qualifying Inside Range Bars, I use a weaker definition for Narrow Range Bar, which includes the bars that have a range smaller or equal to the preceding 3 bars, as opposed to the definition given above.

Inside Range 7 (IR7) Bar: A bar which is both a Narrow Range 7 and an Inside Bar.

The lookback periods for the Narrow Range and Inside Range Bars can be selected by the user. The default values are 7 and 4 and include the current bar.

Sound File: The sound file is user selectable. You first need to copy your sound file to the directory C:\Program Files\Ninjatrader 7 \sounds. You can then select the file via the indicator dialogue box. Make sure that your sound file is compatible with NinjaTrader. NinjaTrader 7 does not support wav\MPEG, you need to convert it to wav\PCM first with an audio recorder.

Category NinjaTrader 7 Indicators

Details: Narrow Range Bars with Sound Alerts
Category: NinjaTrader 7 Indicators

March 22nd, 2011
Size: 5.89 KB
Downloaded: 1412 times

Keywords: insiderange narrowrange squeez