Tick Offset

The NinjaTrader tick offset indicator plots levels based on a user input, where the levels are offset X ticks from the first bar of the session, first bar of a custom input time, or the right most bar on your chart. For example, you can plot a 10 tick offset from high / low of the sessions first bar. The following options are available in the indicator:

• Break on First Candle: if set to true, any tick offset level will break on the first candle (based on inputs in 02. Indicator Inputs). If set to false, the first bar will not break the tick offset levels.
• Show Broken on First Candle: if set to false and a tick offset level was broken on the first candle, the level will not be plotted.
• Break Type: If set to Break: Close, then the tick offset levels will be broken when the close is above / below each level. If set to Break: High / Low, then the tick offset levels will be broken when the high / low is greater than or less than each level. If set to Constant, the tick offset levels will never be broken.
• Draw Type: if set to Use Start/End Time, the tick offset levels will begin / end plotting based on settings in 02. Indicator Inputs. If set to On New Session, the tick offset levels will begin calculating on the first bar of a new session. If set to Start when Loaded, the indicator will use the most current Close to calculate the tick offset levels.
• Begin Type: if set to Open, the first bar, as defined in Draw Type, open price will be used to calculate the offset levels. If set to Close, the first bar, as defined in Draw Type, close price will be used to calculate the offset levels. If set to High / Low, the first bar, as defined in Draw Type, the high price will be used to calculate upper offset levels and the low price will be used to calculate lower offset levels. Once the Open, Close, or High / Low is defined, the indicator will draw offset levels based on Tick Offset in 02. Indicator Inputs.
• Tick Offset: the number of ticks to offset from the Begin Type.
• Start Time: the time to start calculating offset tick levels if Draw Type is Use Start/End Time.
• End Time: the time to end calculating offset tick levels if Draw Type is Use Start/End Time.