Red Green Red Trend Indicator

[ultrasound1]

This is a good indicator which shows retracement in a trend . The attached is an tradestation format ELD file. I would really appreciate if someone can convert into a PAINT BAR indicator for NT7.

[LegacyColorValue = true];
{
Notes: Paints bars based on the change of price from the lowest low or highest high
of a given period with the addition of the Average True Range
Input: BarLength - Number of bars to calculate lowest low or highest high (16 is the default value)
ATRLength - Number of days to calculate the ATR and the SMA of the ATR

This version is different from the base version in that there are no "neutral" bars. Any
neutral bars are assumed to hold the direction/color of the prior bar.
}
Input: BarLength(16), ATRLength(9), ATRMultiple(2.5), pPlotWidth(1);
Variables: SwingDirection(0);
SwingDirection = LBRSwing2(BarLength,ATRLength,ATRMultiple);
If CurrentBar > 1 Then Begin
If SwingDirection = 1 then
PlotPaintBar(High, Low, Open, Close, "LongShort", Green, Default, pPlotWidth);
If SwingDirection = -1 then
PlotPaintBar (High, Low, Open, Close, "LongShort", Red, Default, pPlotWidth);
{Show ATR range on on Screen}
Variable: ValueToPaint(0),Junk(False);
ValueToPaint = AverageFC(AvgTrueRange(ATRLength), ATRLength) * ATRMultiple;
Junk = DrawTextOnLastbar(-999999,0,NumToStr(ValueToPaint,2),Highest(High,3) + (3*TickValue),White,3);
If CommentaryEnabled Then Begin
CommentaryCL("The Value for switching colors is: ", ValueToPaint);
End;
End;

[NinjaTrader_CalH]

Hi Ultrasound1,

Thank you for your post and welcome to the forums!

We have a comprehensive help guide that goes through the available NinjaScripts items and even some basic tutorials on creating your own script.

* http://www.ninjatrader.com/support/helpGuides/nt7/index.html

Our support forum is a wealth of knowledge from our user base and even includes some reference items on how to code particular items.

* http://www.ninjatrader.com/support/forum/

Additionally, we do have premium paid education course where you will spend 6-8 hours intensive courses designed to provide you with an in depth training on how to create, test and fully deploy automated strategues and indicators.

* http://www.ninjatrader.com/PremiumEducation.php

Lastly, you are always welcome to send in a support request on any items that you may need assistance with.

Let me know if I can be of further assistance.