IT_SpeedLines

 The IT_SpeedLines indicator/draw tool started out as an easy to use speed line tool. Speed lines are based on percentages and the normal settings are 33% and 66% retracement lines. This tool has a total of 10 user configured lines for both SpeedLines and FibFan. The alternate mode is a fib mode which draws a fibonacci fan. The indicator places a button on the tool bar with an identification color and alternate hot keys. Click the button, move to a swing high or low point and click to start. Drag to the end point high or low and click again to complete.

Above is two instances of IT_SpeedLines on a RenkoSpectrum chart.

Other options include changing the hot key combination for each individual indicator as well as the ID color which matches the button with the drag/anchor symbols colors for identification purposes. Below is the settings dialog.

The settings include turning the button off in favor of hot keys only.

 In the above picture you will see the new, extra Fib Fan lines.

Another feature is the ability to change the end point without doing a complete redraw. If your start point should remain the same but there is a new high or low as a desired end point, click on the anchor line and start to drag. Drag to your new endpoint, release and click again to complete the operation. See the video below to see it in action.

• Adjustable colors, thickness, style
• Small toolbar button option
• Definable hotkey
• Drag and drop anchor line readjustment
• Speedlines or FibFan options and separate settings
• Price snap on/off
• Survives chart refreshes and restarts
• Able to move whole fan by dragging first anchor point
• 10 line levels available
• Optional conversion of Treasury Note/Bonds prices to decimal price.
• Option to show price levels on fan

5/16/19 - Now allows the SpeedLines or Fib lines to be set from a range of -300 to 300.

10/3/18 - Added optional price in the line labels. Added 3 more lines for a total of 10. Added option to convert price to decimal for Treasury Notes/Bonds.

9/5/18 - Fixed issues that cropped up after last modifications. Moving the drawing via dragging the start anchor is now fixed as well as deleting the drawing with a button double-click.

3/8/18 - Added a menu option to switch modes instantly. Added ability to drag whole fan by its (first click) anchor.

1/3/18 - Added a second tool to the zip package with the name IT_FibFan. Identical to IT_SpeedLines but defaults to the Fib Fan with a different default button color. The idea is to allow an indicator template to be made for each instead of having to resort to chart templates.

12/24/15 - Removed the Restore Data section in Parameters to save space.

7/6/15 - Updated the quick setting button. Pull down menu arrow integrated and on the right side.

2/18/15 - Modified the indicator to work on non-equidistant bars. User is cautioned when using it as the irregularly spaced bars will not interact normally with the tool.

12/8/14 - Reworked tool to get rid of the little object selector squares place by NinjaTrader on an object that is selected for re-dragging and redrawing.

11/15/13 - Added settings to turn off bar hi/lo snapping for the first anchor and/or the second anchor point.

10/10/13 - Added more lines, now seven, text is always on and now aligned with the second anchor bar, levels are turned off by setting to zero (0), the global dash style can now be set to styles other than solid.

8/30/13 - Fixed buggy 50% line and cleaned up/rearranged the lines parameters settings.

8/14/13 - Bug fix. Dragging the second anchor point after the initial draw could fail unless the chart was refreshed. Now you can draw and immediately drag.

2/16/13 - Implemented inputs for separate Alt hot keys which will be reflected in the tool bar button according to the tool mode.

2/15/13 - Added option to use mini tool buttons to conserve tool bar real estate.

1/28/13 - Worked around a NinjaTrader bug which caused the anchors to be misplaced if other indicators are on the chart with certain settings.

12/20/12 - Minor update, trying to make more robust although no problems were reported.

11/29/12 - Minor update, added button text color option and button separator.

11/28/12 - Added a 'Show help' option in the parameter settings.

11/23/12 - Other indicators on the chart can somehow influence the ability to select the correct start point and end point. If this occurs simply change the 'Calculate on bar close' setting in the IT_SpeedLines parameters.