Charting The Wyckoff Wave

[StockJock]

Is is possible to create a custom index and display it as a bar chart or a PnF chart? The Wyckoff Wave is such a custom indicator and the forumla for it is:

[FONT=Courier New]ATT*79+BAC*50+BA*39+BMY*119+CAT*35+DD*57+XOM*32+IBM*21+GE*90+F*25+UNP*30+WMT*43 [/FONT]

as explained at http://wyckoffstockmarketinstitute.com/wave.htm

[NinjaTrader_Joydeep]

Hello StockJock,
Thanks for your post and I am happy to assist you.

Given how custom index bars are built, it might not be possible to plot it on a point and figure chart. You will be however will be able to code it and put it on a Line On Close chart easily.

Please let me know if I can assist you any further.

[StockJock]

Given how custom index bars are built, it might not be possible to plot it on a point and figure chart. You will be however will be able to code it and put it on a Line On Close chart easily.

How can it coded to display a bar chart? Its not easy for me.

[NinjaTrader_Joydeep]

Hello StockJock,
Unfortunately we do not code custom NinjaScript Indicators. You can take reference from this Spread indicator which is build on similar lines http://www.ninjatrader.com/support/f...tid=-1&lpage=1

You can also contact any of our independent NinjaScript consultants to develop your custom indicator. You can get the list of our NinjaScript consultants from here http://www.ninjatrader.com/partners#...pt-Consultants

Please let me know if I can assist you any further.

[StockJock]

You can take reference from this Spread indicator which is build on similar lines.

In this forums indicator collection there is code for an Index. Do I understand its usage correctly that this indicator will accomplish what I need to do?

[NinjaTrader_Joydeep]

Hello StockJock,
Yes, the Index indicator will calculate the Index values.

You can display it as a bar chart but not as a point and figure chart. To draw the values as bars please refer to the spread indicator here http://www.ninjatrader.com/support/f...tid=-1&lpage=1

Please let me know if I can assist you any further.