Seeking Range Bar Counter

[LetsEat]

Hi Forum,

Seeking a Range Bar Counter (Open and Close displayed on my charts)

I prefer trading using Range Bars but have been unable to find a "Range Bar Counter", an indicator that will draw the Upper range bound and the Lower range bound of price-based range bars on my ThinkorSwim charts. I have attached a screenshot to this posting to illustrate the boundary open and close lines being drawn for each Range bar. Unfortunately, this is developed for Ninjatrader by a company called Ninza.

I was hoping there might exist a similar Range Bar Counter in our library hat I might utilize on my ThinkorSwim charts ( Tradingview as an alternate would be better that nothing. Or if someone could help me with the logic and script creation. My sincere thanks to the community in advance.


Best Regards,

William

I shared the indicator on a Ninjatrader chart because it is the only platform that I have seen it used on. I am trading with ThinkorSwim and use Range charts on my charts in TOS given Range Candle Bars as an option for ThinkorSwim. You can choose the Range sizes that you wish to trade with and be displayed such as 4R, 10R, 24R, 120, etc. When selecting your next chart timeframe, you will see the feature to select. The indicator design would need to use the Range sizes choose and calculate it travel distance from its Open to it Close in both direction and display that marker on my charts. I am hoping someone in the Forum has made such a request before and such an indicator exist or others might help code one. Thanks, Billy

 

[rad14733]

@LetsEat Here is an example of a 2D 120t (trade) chart... The 119 number in the lower right is the remaining tick count for the current candle... Is that what you are looking for, or the high and low price lines in your example above...??? If the latter is the case then we need to know what code is making those within NinjaTrader so it can be replicated in TOS... Those numbers are not for the current candle so we need to know how they are being calculated, such as by the previous x candles...

Here is the link to the chart posted above: http://tos.mx/!0Fb9J8lr

I run this as a 5m Chart, but it works well with various Timeframes and Candle/Bar types...

 

[SleepyZ]

Hi Forum,

Seeking a Range Bar Counter (Open and Close displayed on my charts)

I prefer trading using Range Bars but have been unable to find a "Range Bar Counter", an indicator that will draw the Upper range bound and the Lower range bound of price-based range bars on my ThinkorSwim charts. I have attached a screenshot to this posting to illustrate the boundary open and close lines being drawn for each Range bar. Unfortunately, this is developed for Ninjatrader by a company called Ninza.

I was hoping there might exist a similar Range Bar Counter in our library hat I might utilize on my ThinkorSwim charts ( Tradingview as an alternate would be better that nothing. Or if someone could help me with the logic and script creation. My sincere thanks to the community in advance.


Best Regards,

William

This seems to work on a range chart so far.
It shows the number of ticks remaining to either reach the high of the range or the low of the range in optional bubbles

#RangeBars_developing_range

input show_previous = no;
input line_weight   = 4;
def ticks = GetAggregationPeriod();
def o = open;
def h = high;
def l = low;
def c = close;
def r = h - l;

def hr = if IsNaN(close) then hr[1] else (l + ticks);
plot xh = if !show_previous and !IsNaN(close) then Double.NaN else hr;

def lr = if IsNaN(close) then lr[1] else (h - ticks);
plot xl = if !show_previous and !IsNaN(close) then Double.NaN else lr;

def cr = if isnan(close) then cr[1] else close;
plot xc  = if !show_previous and !isnan(close) then double.nan else cr;

input showbubble  = yes;
input bubblemover = 3;
def mover = showbubble and IsNaN(close[bubblemover]) and !IsNaN(close[bubblemover + 1]);
AddChartBubble(mover , hr[bubblemover] , (if tickvalue()==.01 then 100 else 1) * (hr[bubblemover+1] - c[bubblemover+1])+"  Ticks Left", color.white );
AddChartBubble(mover , lr[bubblemover], (if tickvalue()==.01 then 100 else 1) * (c[bubblemover+1] - lr[bubblemover+1])+"  Ticks Left", color.white );

xh.setpaintingStrategy(paintingStrategy.DASHES);
xl.setpaintingStrategy(paintingStrategy.DASHES);
xc.setpaintingStrategy(paintingStrategy.DASHES);

defineglobalColor("H", color.green);
defineglobalColor("L", color.red);
defineglobalColor("C", color.white);

xh.setdefaultColor(globalColor("H"));
xl.setdefaultColor(globalColor("L"));
xc.setdefaultColor(globalColor("C"));

xh.setlineWeight(line_weight);
xl.setlineWeight(line_weight);
xc.setlineWeight(line_weight);

#

 

[LetsEat]

Hi @SleepyZ and Forum Family,

This looks great and what I was seeking. My sincere thanks to the family for coming through for me so quickly. Know that you have made my day ....no my year !!!!! Much Love, William.