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Higher Time Frame Inside-Outside Bar Indicator ???
Started:August 31st, 2011 (08:36 PM) by philipp Views / Replies:1,042 / 2
Last Reply:September 5th, 2011 (03:33 PM) Attachments:1

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Higher Time Frame Inside-Outside Bar Indicator ???

Old August 31st, 2011, 08:36 PM   #1 (permalink)
Elite Member
zürich/ switzerland
 
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Platform: NT7, Sierra
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Posts: 118 since Nov 2010
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Higher Time Frame Inside-Outside Bar Indicator ???

hello,

i found an inside outside bar indicator indicator on this forum
https://www.bigmiketrading.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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Old September 1st, 2011, 06:43 AM   #2 (permalink)
Market Wizard
Berlin, Europe
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
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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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Higher Time Frame Inside-Outside Bar Indicator ???-cl-10-11-5-min-01_09_2011.jpg  
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Old September 5th, 2011, 03:33 PM   #3 (permalink)
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Posts: 118 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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