Extending rectangle drawing tool for NinjaTrader 8

(1 customer review)

$58.00

This NinjaTrader 8 drawing tool let you quickly draw extending rectangle either in free form by clicking 2 points on the chart or with a single click on a candle.

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Description

This drawing tool for NinjaTrader 8 draws a rectangle quickly from a single click on a candle or in free form selection by clicking 2 points on the chart.

By default the rectangle is extending from the clicked candle all the way to the chart right edge.

Drawing rectangle quickly with a single click makes annotating charts faster. It’s also very handy to have annotation text associated with the rectangle so it’s easier to remember what makes this area important or what action to take around that area.

The following options are also available:

  • Option to extend the rectangle to the left or right.
  • The rectangle height is selectable from the following:
    • candle body (from open to close)
    • candle upper or lower wick
    • full candle (from low to high)
  • The default rectangle length is from the clicked candle to the current forming candle.
  • Option to make the rectangle visible only from the chart interval drawn from and lower or higher.
  • Annotation text can be added to the rectangle.
  • Option to horizontally align the annotation text to the left, the right or the middle of the rectangle.
  • Option to vertically align the annotation text to the top, the bottom or the middle of the rectangle.
  • Option to change the rectangle outline color and style.
  • Option to change the rectangle background color and opacity.
  • Option to predefined style and color for up to 9 chart intervals (period).
    • Comes with predefined line style for Monthly, Weekly, Daily and 1 hour charts which are customizable.
  • Option to show the price label of the rectangle upper and lower levels.
  • Option to draw a line at half of the rectangle height.
  • Option to draw a line at each quarter (25%, 50% 75%) of the rectangle height.

Release notes

version 6.0 – December 5, 2022
  • Add new option called “Cut drawing here” when you right click on a rectangle. When selected, the drawing anchor point will move to where the mouse cursor was when opening the context menu. If the mouse was on the left of the most left anchor then the rectangle will start from this new position. When selecting cut drawing here, the associated extension is automatically deactivated for that side of the rectangle.
  • Add option to draw the rectangle either in front or behind the chart bars.
  • Bug fix: When trying to draw a rectangle that needs bar price values in the right margin where there is no bar, the drawing will stay in build (pen cursor) until the user click over an existing bar.
 
version 5.0 – Sep 29, 2022
  • Two new Rectangle types: High to Close and Low to Close
  • When you right click on a rectangle, you can now extend it to the Left or Right.
  • It’s now easier to select a rectangle. You can now select a rectangle by clicking anywhere on the rectangle perimeter (outline). Tip: Did you know you can hold the Shift key down when moving the Rectangle Anchor points to move the selected Anchor horizontally.
  • You now have the option to draw projection lines from the price range of the rectangle. The projection lines are similar to the Fibonacci extension lines.
  • Annotation text can now be saved in the template
  • Option to draw all rectangles with the same color
version 4.1 – May 31, 2022
  • Add icon for the drawing tool menu and the drawing Tool Tile.
version 4.0 – March 7, 2022
  • When the Price Labels option is active, now Price Labels are drawn for the rectangle divider lines.
  • Add right click context menu to quickly activate/deactivate the option to draw divider lines.
  • Add right click context menu to quickly activate/deactivate the option to draw the price labels.
  • Add the option to predefine up to 5 custom text fields. These predefined text fields can quickly be selected from the right click context menu.
  • When entering the text (either manually or with the 5 predefined text fields) it’s now possible to use the string @PERIOD that will automatically be replaced by the chart period on which the rectangle was drawn from.
  • Fix. Now the Price labels are always visible when aligned to the right of the rectangle. In previous version the Price labels were sometime hidden by the chart right axis.
  • Fix an error when creating a rectangle in free form and when an anchor was beyond the most recent bar (ie was inside the chart right margin).
version 3.0 – December 2, 2020
  • Add drawing a rectangle in free form by clicking 2 points on the chart. This drawing mode is like the NinjaTrader built-in rectangle drawing tool but with all the added options like extending it.
version 2.0 – October 4, 2020
  • Initial release.

Terms

By purchasing this Product you get a lifetime License for one computer. You also get one year of free updates. At the end of this year of free updates your product will keep working normally, however you will no longer have access to the updates for free. The purchased version and updates will be downloadable from your My account page on this website.

Whenever you wish, you can purchase an update license at 80% to 90% discount of the Product regular selling price to extend your license with another year of free updates.

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If you’re not satisfied, we’re not satisfied. That’s our commitment and your risk-free 30 days 100% money back guarantee.

This Product is compatible with NinjaTrader® 8 only.

All prices are in US$.

Please feel free to contact us with any questions.

By purchasing this Product, you acknowledge that you have read and agree to all Terms.

“NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.”

Guide

How to draw the Extending Rectangles

The Extending Rectangles are drawing tools and they are accessible from the Drawing Tools menu from your charts. You can also add you preferred Extending Rectangles types to the Drawing Tools Tile indicator. Another way to quickly start drawing Extending Rectangles is to create a Hot Key.

Locked:

If you would like to get the rectangle locked automatically when you finish drawing it, for example to prevent to accidentally move it when you scroll your chart with the mouse, you can activate the “Locked” option and then save the settings as a Default Template by clicking on “template” then “save” then “Save as Default”

Hot tip:
When the Rectangle is not locked, you can hold the Shift key down to move the selected anchor on the horizontal axis only.

Interval visibility:

This setting allows you to see the Rectangle on either any chart intervals (Timeframe) or only on the interval from which you drew the Rectangle from and lower interval.

For example, you draw a Rectangle on a 60 minutes chart interval with the interval visibility set to “Draw_on_and_below” and then if you change the chart interval to 1 day (higher timeframe) the Rectangle will be hidden. If you change the chart interval to 15 minutes (lower timeframe), the Rectangle will be visible. This setting allows to go back to a higher timeframe and not get the chart clutter with many lower timeframe drawings.
If you set the Interval visibility to “All”, the drawing tool will always be visible.
If you set the Interval visibility to “Draw_on_and_above”, the Rectangle will be visible on the chart interval you drew it from and on higher intervals. For example, if you drew the Rectangle on a 60 minutes interval, the rectangle will be visible on the daily interval but will be hidden on the 15 minutes interval.

Extend rectangle left:

When this option is active, the left side of the Rectangle will extend to the left edge of the chart.
You can also activate or deactivate this option from the right click context menu.

Extend rectangle right:

When this option is active, the right side of the Rectangle will extend to the right edge of the chart.
You can also activate or deactivate this option from the right click context menu.

Price range divider lines:

You can select 3 different settings for this option:

  • None: No divider line will be visible.
  • Half: A line representing half of the range from the rectangle high to low will be visible.
  • Quarter: A line representing the lower and higher quarter of the rectangle range will be visible in addition to the line representing half of the range from the rectangle high to low.

You can also activate or deactivate this option from the right click context menu.

Price range projection:

This option allows you to draw projection lines which are similar to Fibonacci extension lines. In this option field you need to enter the projection percentage values you want to see. 100% is the rectangle vertical range, 50% will be half of the rectangle range. Each value must be separated by the semi column character ;

For example if you would like to see the 50%, 100%, 150% values, you will enter it as follow: 50; 100; 150

Show price label:

When this option is active, a price label will be visible for the price values of the top and bottom of the rectangle. A price label will also be drawn for the visible divider lines.

Active outine, Active area color and Active area opacity (%):

Draw behind chart bars:

By default the Rectangles are drawn behind the chart bars.

If you prefer to draw the Rectangles in front of the chart bars, unselect this option then click on “template” at the bottom of the Properties window, click on “save“, then click on “Save as Default”.
The next time you draw this rectangle type, it will be drawn in front of the chart bars.

Please note that this setting has to be set in a Default Template to be effective.

Use different color per Interval

By default the option “Use different color per Interval” is active which means the Rectangle will be drawn in different color depending on which chart interval (timeframe) you draw it. You can define your own preferred rectangle style (outline color and style, area color and opacity) for up to 9 chart intervals by using the Interval 1 to 9 preset sections.

When the option “Use different color per Interval” is not active the Rectangles will always be drawn with the same color as defined by the following settings:

  • Outline if not using Interval preset
  • Area color if not using Interval preset
  • Area opacity (%) if not using Interval preset

1 review for Extending rectangle drawing tool for NinjaTrader 8

  1. Aleksey Evtyukhin (verified owner)

    A wonderful drawing tool, there are all options for drawing areas, the new version 5 added the ability to draw rectangles with one click – High to Close and Low to Close. There are also all options for those who use the Smart Money Concept approach in trading.

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