NinjaTrader’s award-winning trading charts include 100+ out-of-the-box indicators as well as multiple bar types and chart styles to help analyze market activity. With the new Hollow candlestick chart style for NinjaTrader 8, traders can use transparent bars to monitor indicators “behind” the price bars and also easily identify doji candles.
How Can I Get Hollow Candlesticks?
View Hollow Candlesticks on Your Chart
The Hollow candlestick chart style can be quickly configured in the Data Series menu.
- Right click within your chart window and select Data Series.
- Under Chart style, use the drop-down menu to select Hollow candlestick.
- Set the desired colors for up bars, down bars, and doji bars, and click OK.
View Indicators Placed Behind Price Bars
With the Hollow candlestick chart style, indicators can be effectively placed behind price bars. In the example below, you can clearly see the moving averages behind the price bars when using the Hollow candlesticks on the left vs the traditional candles on the right.
Quickly Spot Doji Candles
Another notable feature of the Hollow candlestick chart style is that it helps traders easily identify doji candles by designating a separate color for them. Doji candles occur when candles open and close at the same price and they are frequently sought in chart patterns.
In the example below, the doji candle is indicated by its white color.