Recreating an indicator available only on Bloomberg

[agassi]

Hello Every One,

Currently there is an indicator which is only availabe only on Bloomberg. This is a third party indicator. Can some one be kind enough to code this on Ninjatrader? More importantly, I am uploading a document which talks about this indicator. It should be self explanatory.

Also please let me know whether if you have all the information which is necessary to codet this indicator on Nijjatrader.

Thanks & Regards,

[NinjaTrader_PatrickH]

Hello agassi,

You can also look into our Certified NinjaScript Developers to develop this indicator: http://www.ninjatrader.com/Ecosystem/NonBroker.php#81

[agassi]

Thanks. Would you or some one know if there is enough information to code this indicator? You can refer to the pdf document which I have uploaded.

[koganam]

Thanks. Would you or some one know if there is enough information to code this indicator? You can refer to the pdf document which I have uploaded.

There is not enough information in the file. It is just a description, with no in-depth details of how the lines are being calculated.

[agassi]

Based on what I have read and seen, it looks like a moving average of "Bids" and "Asks". The default is 5 meaning.

1) Take the last 5 bids
2) Calculate a simple moving average
3) Plot a line at the bottom of the chart.
4) Take the last 5 asks
5) Calculate a simple moving average
6) Plot a line at the bottom of the chart

Now to have this indicator working, you would need real time tick data. I am aware that NT does not save this as and when it is drawn. I think there is a way to record it. Please let me know if this helps? or not?

[agassi]

I am aware that the bids and asks keep changing all the time. So I am not sure on what basis they are calculating the moving average of the bids and asks. Say I am looking at a 1 minute chart. If I had this indicator on Bloomberg, it would automatically calculate the moving average of the last 5 1 minute bars of both bids and asks and plot it below.