The core principle of these bars is to show range-expansion from one bar to the next, in a similar way to what Renko bars do,
but without all the Renko-bar issues.
Specifically, Dom993BreakOutBars bring the following to the (table) chart:
The chart below is NQ 06-14 (up to Friday 6/6) using a breakout size of 15-ticks. It shows with great clarity a large cup & handle formation (under the blue line), as well as 2 typical trades out of congestion - the congestion areas are between yellow lines, the trade is on the reversal off the retest of the congestion area.
This indicator provides in real-time the 2 possible values for the developping bar Close (up / down)
A growing set of tools is included with Dom993BreakOutBars for NinjaTrader 7 at no extra cost (see details below)
Dom993's BreakOut Bars & Tools for NinjaTrader 7 are offered for lease at an annual rate of $200 (single machine).
An perpetual license is also available for $500 (single machine).
These prices include all software updates & upgrades during the lease term.
Please contact us at firstname.lastname@example.org or use the Contacts form to get started.
The chart below is also NQ 06-14, using a breakout size of 3-ticks on Thursday 6/5 - notice the gaps visible in the pullback at 11:52 am EST.