Outside Bar Indicator

[sepfms]

Hello guyz,

excuse me for my poor english...

I am looking for an indicator which describes the concept of the so called "Innenstäbe" or "Innenstaebe", this is a concept from Michael Voigt from Germany (link):




The concept is similar to range bars, but is different. Here you got an Outside Bar, which is defining the range of the following bars. To break the range, one bar has to close outside the range of the outside bar.

Well, I have already a code pro Prorealtime-Station, and I would be glad if some of you guys could transfer it into NT-Script!


Thanks so much,

Markus

[NinjaTrader_JoshP]

Hi sepfms,

As a last resort you can also try one of the 3rd party NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[whself beginner]

try this, it is a begin for inside and outside pattern.

best regards

perhaps later i do more on this ...

[NinjaTrader_Bertrand]

Welcome to the NinjaTrader support forums whself beginner and thanks for posting your cs file!

[whself beginner]

here an image in a 30 min chart. the indicator work but not fine.
at the moment the name of the indicator is "Sideway". Later perhaps
we can say "inside".

best regards

[NinjaTrader_Bertrand]

Thanks for the chart, good luck improving on it!

[sepfms]

TraderWerks has done that for me, thanks to him:

http://blog.traderwerks.com/2009/02/01/fur-innenstaebe-ninja-trader/

you could also change the indicator for automated trailing stop, if you would like to..

[STP**]

Download indicator "Innenstaebe"

On the website www.paschke-invest.com, you can now download several very high quality (and therefore not free) and usefull indicators. The indicator InnerBars is implemented exactly in the way Mr. Voigt has described. Furthermore, the indicator can be used in your own strategies, too E.g. in the form if (InnerBar().isInnerBar[0]) ExitLong();

[J_o_s]

That looks very interesting. Too bad the indicator TraderWerks wrote is protected, which makes it impossible to tweak the code.

It looks like the indicator could be improved by setting a condition which excludes outside bars with a (relatively) small range.To my understanding, this is also how Michael Voigt describes his indicator.

Does anyone know of an 'open source' version of this indicator?

Just asking because I'm lost in trying to write it myself.

[whself beginner]

here is my version:

[STP**]

InsideBars vs InnerBars

Hi whself beginner,
your InsideBar indicator is a little bit different from the definition of Michael Voigt' s Innerbars (german Innenstäbe). I attached a chart with both indicators. That way, the trader can decide which view he prefers.

STP**

[whself beginner]

Hi whself beginner,
your InsideBar indicator is a little bit different from the definition of Michael Voigt' s Innerbars (german Innenstäbe). I attached a chart with both indicators. That way, the trader can decide which view he prefers.

STP**

look at the logic, if you set spread to zero, i believe it is the same. spread is a filter of noise ...

//for better price movements ...

go to bigmiketrading.com there are a lot of other indicators ... for free

[J_o_s]

here is my version:

Thanks Whself for sharing. Great!

[resist]

any news? - indicators for Inside Bar - Inner Bar - Outside Bar - Innenstaebe

I am working on strategies using the "Innenstaebe" (inside - outside - bars) as defined from Michael Voigt following the Dow theory of market technical.

Are there any new versions of such indicators, I am also interested in free as in purchable versions.