How to hide an indicator from displaying on a chart

[Benluk]

If I have an indicator to paint bar color based on RSI values, I need to see the color on the chart. To save spaces, I would like not to display the indicator RSI on the bottom.

Is there a parameter I can set in order not to display the indicator?

[koganam]

If I have an indicator to paint bar color based on RSI values, I need to see the color on the chart. To save spaces, I would like not to display the indicator RSI on the bottom.

Is there a parameter I can set in order not to display the indicator?

Display the indicator on the price chart:

Overlay = true;

Put its Scale on the left so that it is plotted independent of the price axis:

ScaleJustification = ScaleJustification.Left;

Make the Plot transparent when you declare it, or by using

PlotColors[0][0] = Color.Transparent;

[Benluk]

Does it have to be done at code level?
Can it be done on the indicator panel?

[NinjaTrader_RyanM1]

Hi Benluck,

Yes, you can set the color of the indicator to transparent through the Right Click > Indicators screen.

http://www.ninjatrader.com/support/helpGuides/nt7/working_with_indicators.htm

[Benluk]

Thank you for helping.
Set the color to transparent does not save space. I have to shrink the bottom panel to save space. If this is the way to achieve the purpose, I can do it without making the color transparent to begin with.

[NinjaTrader_Bertrand]

Hi Ben, unfortunately I wouldn't be aware of another way to achieve this without programming - to begin with you would not need to display the RSI then at all for your purpose...as the bar colors would be enough to see your condition.

[koganam]

Does it have to be done at code level?
Can it be done on the indicator panel?

You can perform every one of those actions from the user GUI, yes.

Display the indicator on the price chart: Select "Same as input series" for the "Panel"
Put its Scale on the left so that it is plotted independent of the price axis: Use the "Scale Justification" item.
Make the plot transparent by changing the Plot properties.