Smoothing the input series

[nyrn2k]

Hi,

Is it possible to smoothen the input series (Close) of a Range bar with for example a SMA(Close, 4)?
How would I go about doing this?

/Thanks

[NinjaTrader_ChelseaB]

Hello nyrn2k,

Are you asking how to add the SMA indicator to a chart?

This would provide the smoothing of the data on the chart.

To add an indicator, right-click the chart > select Indicators > in the Available list select SMA > click add > click OK

Below is a public link to a video that demonstrates how to add an indicator to a chart.

https://www.youtube.com/watch?v=C5CWU5opA0Q

[nyrn2k]

Hi Chelsea,

No, I want to have the SMA as the input series for the Range bars instead of the close.

The SMA was just an example, but I believe that a slightly smoothed input series
would reduce the number of range bars that will be drawn during choppy periods and that would be beneficial to my strategy.

/Thanks

[NinjaTrader_ChelseaB]

Hello nyrn2k,

The SMA will use the data series on the chart.

If the data series on the chart are range bars, the range bars will be used for the SMA.

[nyrn2k]

Hi,
I think you missunderstand me...
I wonder if there is any way of smoothing the input series before the Range bar are drawn.

I want to minimize the number of bars that are drawn while the instrument is trading in a tight range that is just a little wider than the range bar,
so that my trend following indicators (sma) react more to price movement and less to time passing while rangebound trading...

/Thanks

[NinjaTrader_ChelseaB]

Hello nyrn2k,

Ah, the Input Series is where I have misunderstood. The Input Series is used for an indicator and not for a bar type. The bar type will be the series itself that is supplied as an input series to an indicator.

You are instead wanting to modify the logic for range bars themselves.

You would need to make a custom bar type (which you could start by copying the

You will not be able to call an indicator from a custom bar type script. Instead all of the custom logic and calculations will have to be coded directly into the custom bar type script.

Below I am providing a link to an example custom bar type script for inspiration.
https://ninjatraderecosystem.com/use...nko-bartype-8/

Alternatively, you could make an indicator that hides the chart bars and draws its own bars on top. This would be able to call another indicator such as the SMA.
Below is a link to an example indicator that does this.

https://ninjatraderecosystem.com/user-app-share-download/heiken-ashi-8/

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[nyrn2k]

Ok thanks!
I'll look into this
Basically I want to filter out highs and lows so no new bars are created when trading is in a range....
Thank You!

[NinjaTrader_ChelseaB]

Hello nyrn2k,

I think for that you would need a custom bar type that controls when AddBar() is called.