It is an RSI oscillator with a smoothing moving average. Four zones are drawn with user selectable colors and opacity. The zone sizes are also user defined.
This will give you a quick visual idea on the location of the RSI, among other things.
It can be combined with other indicators, such Stochastics and CCI, by using Transparent colors for the built in RSI indicator.
The indicator plots supply and demand based zones from various time frames on the chart. It also adds a context menu item to the default Ninjatrader context menu to hide and show active and broken zones.
This Indicator draws MTF Supply and Demand Zones based on the NinjaTrader Swing Indicator.
In addition to drawing the zones, it shows a strength value on the right side of each zone.
The strength value corresponds with the number of bars to the left of the swing which are above/below the swing.
This way you get an instant idea how important the current zone is in relation to other zones on the chart.
The indicator includes the ability to show and hide the zones, the lines and also the strength output.
There are a lot of ideas how to further improve this indicator with new features but i decided to keep it as simple as possible so other people are free to add their own features without crawling through 1000 lines of code.
Exported using NinjaTrader 7.0.1000.16
2013-12-08 - Added second strength attribute for bars on the right side of the swing.
2013-12-09 - The zones will now be properly extended on lower time frames, fixed small bug.
2013-12-09 - The indicator works now with COBC = true and COBC = false
2013-12-17 - Bug fixed in range-calculation of second BarSeries
Folks were complaining about version 7 not working... Put my working copy on the board as well as add ability to pull back the 13 price support values.
1. Extract ZIP file.
2. Import NinjaScript.
3. Drop levels.txt file on your hard drive and change line 29 accordingly, otherwise indicator will not work.
Txt file format:
[level][space][width in ticks][space][1 or 2]
where :
1 - 1st color (default red)
2 - 2nd color (default green)
I wanted to share with you an indicator I've developed putting together Laguerre RSI, Laguerre Filter and TrendStrengthA indicators.
I've tried to isolate zones that are favorable for longs and other for shorts. Where you see transparent zone I've noticed that those are useful adding to a position or eventual reverse.
I've tried it on range, but also a minute charts and they seems to work on both.
Indicator was developed for forex. Maybe it will work well on other securities.
Hope that you'll find it useful. Any comments would be highly appreciated.
Exported using NT7 b18 but should be working on 6.5 too.
The premise behind this indicator is to capture the overbought and oversold conditions of CCI, and then draw trend lines on the chart representative of the turning points.
It is designed for Range or Renko charts only.
The lines are drawn in realtime and do not change. They are drawn as soon as a bar closes where the CCI has pivoted to/from an overbought/oversold area, so you get instant feedback.
The idea is the top (resistance / blue) represents the top of the normal trading range. Price will normally bounce off this resistance area and move lower. The bottom (support / red) represents the bottom of the normal trading range. Price will normally bounce off this support area and move higher.
When price does break through either S/R area, it tends to make new highs and lows (ie: breakout).
December 3rd, 2020 11:32 AM swimmer1200 Is this updated and available for NT8?
March 27th, 2019 02:56 PM OpalDragon IS THIS AWESOME INDICATOR AVAILABLE FOR NT8 ?
I need it for NT 8 or something similar.
July 12th, 2014 03:27 PM aquarian1 thanks.
June 15th, 2013 07:49 AM ninjadiluce Thanks for this indicator... i just need to understand where put level.txt file inside the Hard Drive...
December 24th, 2011 06:40 PM smcsorley Thanks for your great work on the indicator, would there be any chance that you could increase the functionality to be a
ble to add text for each zones & that the text would be taken from the levels txt file also.
August 6th, 2018 12:31 PM Sakthi I started using this and seems good.. However, can someone explain what is the nos at the right now and how to interpret
the same?
Appreciate your response..
Cheers,
Shak..
March 19th, 2018 09:34 AM JOBB Love the indicator......but sometimes the zones just disappear for no reason...
Not when they are hit by price or anything..just poof...gone....
Any thoughts??
January 6th, 2018 12:36 PM blucal
November 23rd, 2017 02:07 AM moerfutures It is one of the main tools of three I use to successfully pull money from any market every single day... first is eds l
evels, but in RTrader they are even more detailed, and vp, the only thing I would like to see is a delta print above or
below the price at a specified number of levels to count. Thank you so much.. AWESOME
September 30th, 2021 09:21 PM golfman Here's a link to the image in my Dropbox - https://www.dropbox.com/s/1v14poe69uil17w/Future%20IO%20error.png?dl=0
Hope this one works.
Thx!
September 30th, 2021 09:20 PM golfman Hello,
I try to install this file & got this error message, can you please help & direct me so I can use this indicator.
Thanks in advance for your help.
Chas
January 4th, 2021 07:28 PM Andrewt thanks very much, very handy indi
January 4th, 2021 03:46 PM racecarjw Thank you for your generosity to share the work on your indicator.