Horizontal Ray in Drawing Tools

[aligator]

Hello aligator
Thanks for your contribution.
Excuse me, I didn't make myself understood with my suggestion.
I send images to explain it.

I do not have the same issue. Exactly, what is the name of the draw tool are you using? Can you show a screen shot of where you select the Draw Horizonal Ray, or perhaps attach add-on file copy for the tool.

[ingresoscontalento]

Hello aligator
Thanks for your contribution.
Excuse me, I didn't make myself understood with my suggestion.
I send images to explain it.

PRUEBA.jpg

[aligator]

aligator Hi.
sorry for my english.
I appreciate the Horizontal Ray tool.
However, I want to inform you that the line color, font size, and font color settings are not saved.
When you reopen NT you take the native values. Is there an update with those settings?

Please see Post #62:
"Also, as said before, you can simply edit the Ray properties by a right click on the HorizontalRay line, change line properies form solid to dash, dot, change thickness, etc. and save it as the default template. Every time you use the tool it will draw with your new settings forever until you change and save it as default new template."

See Drawing Objects property window. There is no Font input but you can change Colors, line Size, and Dash Style. Just see the attached screenshot and follow the instructions above. Make sure to save your chart template and workspace so that your setups are saved.


HorizontalRay.png

[ingresoscontalento]

aligator Hi.
sorry for my english.
I appreciate the Horizontal Ray tool.
However, I want to inform you that the line color, font size, and font color settings are not saved.
When you reopen NT you take the native values. Is there an update with those settings?

[xiinteractive]

Anything can be programmed. The question is whether it is worth the needed resources and effort.

I think what you are describing is no longer a Drawing Tool. However, perhaps you can develop a custom indicator to use data from NT OF+ to draw a ray and then modify the ray using bool conditions based on your criteria to make the changes you want (draw ray, draw text, extend ray, terminate ray or text, etc).

Cheers!

I hope to eventually make an indicator with my ideas, so yes. For now Im using the Horizontal Ray while I study and test my ideas.

[aligator]

aligator - I primarily use your Horizontal Ray to mark daily VPOCs. The NT8 OF+ Order Flow Volume Profile has a property for "Extended naked POC" that when Visible is checked it will extend the naked VPOC (Volume Profile Point of Control) to the right until any price action touches/crosses that price level. Personally, I track and study daily VPOCs. I find that the NT8 rule to end the naked VPOC extension at first touch is entirely inconsistent with the behavior and relevance of VPOCs. I use your HorizontalRay tool to mark the VPOCs each day and then I use my own observed rule set to determine when their relevance is diminished. So, it is VERY USEFUL TOOL for me, but my use of it requires some additional functionality:

• when I first apply a HorizontalRay to a VPOC, I am using the default behavior of the drawing tool with a default template to make them all appear the same.
• when my rule set for a "covered" condition is satisfied, I click on the line and change the template to the parameters I use for the covered condition.
• the behavior I would like to have is to be able to have the HorizontalRay originally applied via a default temple ( already can do) but then when my conditions are met, I could enter a date/time into a field that made it switch to a different template that I would designate as "covered".
• and in a Utopian world, a 3rd date/time field would exist to where the Horizontal Ray would end and would not be displayed after that point meaning at that point I would consider taht it had no substantial relevance after that date/time.
• The benefit of this type of display behavior is in the persistent future extension of the price level, and also the ability to have it on a chart historically for reference at higher time frames.

Please respond.

Anything can be programmed. The question is whether it is worth the needed resources and effort.

I think what you are describing is no longer a Drawing Tool. However, perhaps you can develop a custom indicator to use data from NT OF+ to draw a ray and then modify the ray using bool conditions based on your criteria to make the changes you want (draw ray, draw text, extend ray, terminate ray or text, etc).

Cheers!

[xiinteractive]

See comments in red:

aligator - I primarily use your Horizontal Ray to mark daily VPOCs. The NT8 OF+ Order Flow Volume Profile has a property for "Extended naked POC" that when Visible is checked it will extend the naked VPOC (Volume Profile Point of Control) to the right until any price action touches/crosses that price level. Personally, I track and study daily VPOCs. I find that the NT8 rule to end the naked VPOC extension at first touch is entirely inconsistent with the behavior and relevance of VPOCs. I use your HorizontalRay tool to mark the VPOCs each day and then I use my own observed rule set to determine when their relevance is diminished. So, it is VERY USEFUL TOOL for me, but my use of it requires some additional functionality:

• when I first apply a HorizontalRay to a VPOC, I am using the default behavior of the drawing tool with a default template to make them all appear the same.
• when my rule set for a "covered" condition is satisfied, I click on the line and change the template to the parameters I use for the covered condition.
• the behavior I would like to have is to be able to have the HorizontalRay originally applied via a default temple ( already can do) but then when my conditions are met, I could enter a date/time into a field that made it switch to a different template that I would designate as "covered".
• and in a Utopian world, a 3rd date/time field would exist to where the Horizontal Ray would end and would not be displayed after that point meaning at that point I would consider taht it had no substantial relevance after that date/time.
• The benefit of this type of display behavior is in the persistent future extension of the price level, and also the ability to have it on a chart historically for reference at higher time frames.

Please respond.

[aligator]

See comments in red:

I am considering extending it to have an end date/time... this would be very useful for how I use it. ...
Also, it doesnt seem to handle the line dash patterns well (eg dash dot, etc).

What you described is no longer a one-click line and defeats the whole purpose of the horizontal ray for quick action to draw a bunch of S/R lines in a jiffy sequence. If you wish you can use the default NT Line tool, and draw it horizontal or at any angle between any two points you want.

Also, as said before, you can simply edit the Ray properties by a right click on the line, change line properies form solid to dash, dot, change thickness, etc. and save it as the default template. Every time you use the tool it will draw with your new settings for ever until you change to a new template.

Correct me if I am wrong, but a HorizontalRay is essentially a DrawingTools.HorizontalLine with a start date/time.
Seems simple to have it also have an end date/time.

Correct, its simple but not a one-click op or would be any more useful than the default Line tool.

[xiinteractive]

Just curious, what improvements you would expect to see in a simple drawing Horizontal Ray tool?

I am considering extending it to have an end date/time... this would be very useful for how I use it. ...
Also, it doesnt seem to handle the line dash patterns well (eg dash dot, etc) .

Correct me if I am wrong, but a HorizontalRay is essentially a DrawingTools.HorizontalLine with a start date/time.
Seems simple to have it also have an end date/time.

[aligator]

Is this the latest version of the HorizontalRay drawing tool? Original post (https://forum.ninjatrader.com/forum/...ols#post107741) was 03-07-2019 so Im just checking if there is a newer one
thanks.

Just curious, what improvements you would expect to see in a simple drawing Horizontal Ray tool?

[xiinteractive]

Dear Support,

Please consider including a HorizontalRay line to the drawing tools (DrawingTools.Lines), a badly missed and perhaps the most useful of all lines for marking price action support and resistant lines on a chart. A feature that is commonly used by all traders.

Please note that there is already a custom add-on on the Forum for drawing Horizontal Rays (a 1-anchor click that also prints the series value on the Horizontal Ray) that can be nicely incorporated into the NT8 DrawingTools.Lines instead of being a separate add-on.

I have attached the add-on.

Thanks.

Is this the latest version of the HorizontalRay drawing tool? Original post (https://forum.ninjatrader.com/forum/...ols#post107741) was 03-07-2019 so Im just checking if there is a newer one
thanks.

[shanc]

Hi aligator , Thank you for the Horizontal Ray. It has been a valuable tool for me and has made my work much easier for the past year.

I do have a small request, if possible. I was wondering if it would be possible to add a labeling option to display custom text/tags at the top right end of the horizontal ray. I believe this feature would greatly enhance the usability of the application for myself and many other users.

Thank you again for your hard work. I appreciate your time and consideration in this matter. Good day.

[aligator]

@alligator - do you think you could add a checkbox to the properties to make it have the price marker ?

The price is already printed on top right of the of the horizontal ray.

[NinjaTrader_Clayton]

Hello Everyone,

Thank you for the message.

We have added your vote to the feature request SFT-2149.

You may check the Release Notes any time there is an update to the platform to see if the feature has been added.

• https://ninjatrader.com/support/help...ease_notes.htm

[HinduMVP]

Please add my vote for Horizontal Ray