Pipchannel indicator

[torroray]

Love to have someone code this MT4 indicator for NT.

The author post his creation in Forex TSD http://www.forex-tsd.com/indicators-...indicator.html

Rough description

Here is another quite simple and efficient indicator. It's basically point & figure projected to the chart as a channel (with adjustable size - below is 50/100 and one with many different wide channels on same price).

If you look at the channel, it's also always located at solid levels, if you use 50 point pipsMove then it's always at solid 50 levels, if you use 100 points, it's always at solid 100 levels. This may sound not so important but remember that the round numbers are psychologically important levels.

Also it's very important to note that because this indicator is solely based on pip movement, it's timeframe independent. So lines on 5 min chart are the same as lines on daily and so on.

[NinjaTrader_Bertrand]

Maybe you can post a screenshot to stimulate the conversion efforts. However from the quick description it looks like you can reproduce its effects with the 'Horizontal grid line interval' setting in the Chart Properties (just double click on the chart to bring those up). Then set a value for example for 4 which equals a line at every full point in the ES contracts.

[torroray]

Here is the screen capture

[NinjaTrader_Bertrand]

Thanks for the screenshot - you can check this script here > http://www.ninjatrader-support2.com/...&id=95&catid=1

[torroray]

Not the same.

The description says - It's basically point & figure projected to the chart as a channel (with adjustable size - below is 50/100 and one with many different wide channels on same price).

If you look at the channel, it's also always located at solid levels, if you use 50 point pipsMove then it's always at solid 50 levels

[NinjaTrader_Bertrand]

Then this will require custom coding to match the one you posted for comparison - for programming assistance, you can contact those - http://www.ninjatrader.com/webnew/pa...injaScript.htm