Real Up and Down Bars

[Zhorny]

Hi Guys,

This is all in reference to the attached screenshot.
I don't know why retail platforms keep doing this (but I suppose it is common practise) but the bars are coloured/labelled incorrectly.

Ninja Trader Bars show the third bar (in red) to be a down bar because it closed below its open BUT what it is supposed to be is an up bar because the close closed higher than the previous close - the opening price is irrelevant.

There should also be a seperate colour for those bars which close at the same price as the previous bar.

Is there a script or way to change this to only focus on the closing price so the bars can be painted properly?

Thanks

[NinjaTrader_Bertrand]

Zhorny, correct it's common industry practice to color code the candlesticks according to the open / close relationship - you can of course add the trend (up / dn close) to this with a custom script coloring your bars then -

http://www.ninjatrader-support.com/HelpGuideV6/BarColor.html

[Zhorny]

Thanks for answering my question but to be honest I have no clue how to program and the programming all looks Greek to me. This must be a really simple code to do:
If current bar close > previous bar close = up bar (green)
If current bar close < previous bar close = down bar (red)
If current bar close = previous bar close = sideways bar (black)
That's all.

Any help greatly appreciated.

[NinjaTrader_Bertrand]

Zhorny, as an example how one could create the code needed with our Strategy Wizard via 'Point and Click', please find attached what I believe you would seek.

This has been created with our latest NT7 Beta 18.