Consecutive red or green bars supply and demand

[Graci117]

I am trying to make a custom indicator for supply and demand based on range bars. If there are 4 consecutive up bars or down bars then I want to draw a rectangle. I have looked at nBarsUp and nBarsDown but that did not help me much. The rectangle for a supply would be drawn based on the high of the bar before the 3 consecutive bars down until the low of the first bar after the green candle. It would be the opposite for Demand.

I would so much appreciate your help! Thanks!!

[NinjaTrader_BrandonH]

Hello Graci117,

Thanks for your post.

To check if a bar is an up bar you could create a condition that checks if the Close price (Close[0]) is greater than the Open price (Open[0]).

Checking for consecutive up bars would require creating multiple price comparisons and supplying a BarsAgo value to check previous bars.

For example, Close[0] and Open[0] have a BarsAgo value of 0 so this would check if the current bar is an up bar. Close[1] and Open[1] have a BarsAgo value of 1 so this would check if the previous bar is an up bar. Close[2] and Open[2] have a BarsAgo value of 2 so this would check if the bar 2 bars prior from the current bar is an up bar, and so on.

To check if there are 4 consecutive up bars, the code might look something like this:

if (Close[0] > Open[0] && Close[1] > Open[1] && Close[2] > Open[2] && Close[3] > Open[3])
{
//do something.
}

Note to check if a bar is a down bar you would compare if the Close price (Close[0]) is less than the Open price (Open[0]).

PriceSeries: https://ninjatrader.com/support/help...riceseries.htm