Bar percentage

[mezzo89]

Hello everyone,

I would need an indicator that can help me to calculate the bar percentage of the last bar.

A sort of Risk / Reward indicator, that when I click on the top of the bar of my interest (or minimum) and than I click to the second time, this indicators plot me a percentage of this distance. (Please see the image for more details).


Thanks in advance for your help!

Fabio.

[NinjaTrader_PaulH]

Hello mezzo89,

Thanks for your post and Welcome to the forums.

I am not aware of an indicator that would meet your needs and you may wish to look through the file sharing area of the forums to see if there is anything close.

Alternatively what you could do is to use the Fibonnaci sequence tool on your Ninjatrader to provide the same functionality. I've created a short video to demonstrate (no sound): http://screencast.com/t/bmFPQEY3I

[mezzo89]

Hello Paul,
thanks for your kindly reply.
I've just looking for through the file sharing but it not present.

I've never think to use fibonacci retracement, but this is a good and simple idea

I already changed the parameter of fib retracement as I needed!

thanks again!