Keltner Channel Bar Colors

[bshiggins86]

Greetings,

I hope everyone is doing well. I was wondering if there is a way to change the color of the candles (or bars, depending on what's being used) based on where they close in regards to the channel. For example, I would like the bars that close under the moving average to be completely red, the bars that close above the moving average to be green, and the bars that close outside of the channel completely to be white. Is doing something like this possible?

I've included a screenshot of the layout I use in TradingView that I would love to replicate in Ninjatrader.

Any advice would be appreciated - thanks!

[NinjaTrader_Manfred]

Hello bshiggins86,

Thank you very much for your post.

While it would not perfectly fit these requirements, I was able to find an indicator on our NinjaTrader Ecosystem that would color the candles green/red based on their positioning in relation to an SMA. I suspect that by using both SMAs in this indicator, you might be able to set this up without further modification:

https://ninjatraderecosystem.com/user-app-share-download/smaoverunderpaintbar-nt8/

Here is a basic guideline of how to import NinjaScript add-ons in NinjaTrader 8:

Note — To import NinjaScripts you will need the original .zip file.

To Import:

1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
2. From the Control Center window select the menu Tools > Import > NinjaScript Add-on...
3. Select the downloaded .zip file
4. NinjaTrader will then confirm if the import has been successful.

Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'

Once installed, you may add the indicator to a chart by:

• Right-click your chart > Indicators... > Select the Indicator from the 'Available' list on the left > Add > OK

Here is a short video demonstration of the import process:

• Install a 3rd Party Indicator or App

If this does not fulfill the requirements, I suspect it should be relatively easy to modify it to also color candles outside of the SMA white. If you are interested in further information in this regard, please don't hesitate to let us know!

The NinjaTrader Ecosystem website is for educational and informational purposes only and should not be considered a solicitation to buy or sell a futures contract or make any other type of investment decision. The add-ons listed on this website are not to be considered a recommendation and it is the reader's responsibility to evaluate any product, service, or company. NinjaTrader Ecosystem LLC is not responsible for the accuracy or content of any product, service or company linked to on this website.

[bshiggins86]

Hello NinjaTrader_Manfred,

Thanks for finding this for me! I just installed it. I'll play around with it and see if I can adapt it to my needs.

Much appreciated!

Sincerely,
Brian