Introducing the Q-OCF Indicator: Enhancing Bar Types for Better Trading Insights
Learn how Q-OCF works:
Bar types like Heikin-Ashi, Renko, and Range Bars are favored for their ability to filter out market noise and provide clearer trend direction, However, a significant drawback is their inability to display the actual open and close prices, which is crucial for accurate analysis and strategy development.
To address this limitation, we’ve developed the Q-OCF indicator for Ninjtrader, a powerful tool that adds a new layer of insight to these bar types.
Q-OCF Applied to Heikin-Ashi Bars
Fully customisable plots and colors.
2 Plots
We have added 2 plots to this indicator, One to plot the Open value and the other to plot the close value. They are set to transparent color by default and won’t show unless you change their colors.
Q-OCF: Unirenko Bars
In the image below we applied the indicator to Unirenko bars. Its is really helpful and very insightful to see the Open and Close with these bars. It works on All types of Renko Bars
Q-OCF: Range Bars
Applied to Range Bars.. As you can see it is especially helpful here. You can see when the lines gets longer it shows us increases in Momentum and when it gets shorter it shows us increases in reversion. It’s now much easier to determine turning points.
Settings
Customize the candle outline, open-close lines, and candle fill colors to suit your preferences.
“Enhance Your Trading Analysis Today!
Download the Q-OCF Indicator and Experience the Difference in Your Strategy Development and Trading.”
Q-OCF in Action