This indicator displays the contract with the highest EndOFDay or IntraDay volume for a list of unlimited number of instruments. The volume data is fetched form BarChart.com.
I use it to identify when to switch contracts around contract Rollover time since I want to trade the contract with the highest volume. The conventional way traders generally do this is to load the current and next futures contracts in NT Market Analyzer, and watch all the volume there. This forces you to update the contracts list every month, and also takes up NT resources to continually process volume data for multiple contracts.
This indicator uses no NT resources, and you never have to update any contract lists with future contracts. You get the volume information on demand, for an unlimited number of specified contracts.
- Use the 'Symbols' parameter to specify which contracts you want to see.
- Press the 'Vol+' chart button to toggle the display of the text On/Off on the chart
Note: The coding may need to change in the future if/when Barchart.com makes changes to the format of the associated web page the data is fetched from.
Created this indicator to plot the 1 minute NYSE TICK and Advance/Decline on my range bar trading charts. I use it to see high/low TICK thresholds, TICK divergences, and A/D line market strength, used together to predict short term overbought/oversold market reversals. This can tell you when a pullback is imminent, or help trade reversals.
The necessary candles are artificially filled in to preserve the main chart bar spacing, but the high/low thresholds are retained. It also marks the 1 minute high/low TICK thresholds on the chart. The A/D line plot can be toggled on/off using CTL-ALT key stroke.
Note: You must have the NYSE TICK (^TICK) and Advanced Decline (^ADD) symbols defined in your Instrument database.
Calculates Risk/Reward and Position Sizing for trade planning using horizontal lines drawn at potential trade Entry, Stop and Target. The indicator will automatically update the risk/reward and position sizing on the fly when you select and drag the Entry, Stop, and Target lines.
Position size and risk/reward are calculated from user input parameters for Trading Account Size, Percent Account Risk per trade, Fixed Dollar Amount per trade, or Fixed Share Sizing.
Press CTRL-ALT to lock the lines to their current prices, now moving one line will move all the other lines together by the same amount, keeping the same ratio between all the lines.
Press CRL-ALT again to unlock the lines.
Indicator prints unlimited number of user defined reminders on the occurring bars on the chart. Also works on historical bars. I mainly use it to remind me of scheduled Economic Reports, and other miscellaneous times, and daily tasks. Reminders list only has to be entered once. An unlimited number of reminders can be used. Use '\n' to insert a new line in the displayed text.
Schedule is in the following format, one line per entry, in 24 hour military time:
Example: THU @ 08:25 Jobless Claims report => Every Thursday at 8:25am, print the specified text on the chart
Example: 3rd THU @ 09:55 Philly Fed Report => 3rd Thursday of every month at 9:55am, print the specified text on the chart
Sample entry list:
WED @ 10:25 Crude Oil Inventory Report
THU @ 08:25 Jobless Claims report
1st FRI @ 08:25 Unemployment report
3rd THU @ 09:55 Philly Fed Report
4th TUE @ 09:55 Consumer Confidence \n Report
Daily @ 07:00 London Session Lunch
Daily @ 09:30 New York Open
Daily @ 16:00 Market Close
Nov 11 @ 14:00 FOMC 2:15pm
1st Day of Month @ 9:55 ISM Mfg Index
2nd Thu of March @ 8:00 Contract Rollover
Plot markers at round numbers above and below the market. User may also specify a list of number levels to mark, by using the 'Numbers ending with' parameter, i.e. "00, 25, 50" will mark all prices ending with those digits
This indicator draws horizontal Support/Resistance lines at various price levels, above and below the market, where price historically created swing High/Low pivots multiple times, creating support and resistance as price action bounced off of those levels.
I've updated this indicator to use a different approach. It now shows daily volume of various contracts months for an instrument. Highlights the contract with the highest volume, if another contract has higher volume then that on the chart. When this happens, then it's time to rollover.
- Make sure you choose an explicit session template for the chart. Do not choose <Use Instrument Settings>
- Make sure at least 3 valid future contract months are defined in your Instrument Manager default instrument list
- Add an optional comma separated list of future contracts for your instrument in 'Contracts List' parameter Ex: "CL 01-12, CL 02-12, CL 03-12". If blank, the next 3 future contracts will be used. These contracts must be defined in your default instruments list
- Add the current contract name to the parameter 'Current Contract'. If blank, the current chart contract will be used.
The indicator requires that your broker sends daily volume data as a separate message. I use it with Mirus and Interactive Brokers. I don't know if all brokers do this.
Warning:
This indicator uses un-supported code, namely using variables in the Add() method. This may have unpredictable results in NT behavior, like a frozen chart. I have put in code to try to prevent this, and tested successfully with various instruments. I can't guarantee this for every instrument and every configuration, so please test in your environment before using live.
September 25th, 2015 07:55 PM aaronrrc Exactly what I needed, Thank you @monpere !!
September 5th, 2014 12:01 AM jrs659 thanks
July 22nd, 2012 08:23 AM Renkotrader Hello! I tried to use this indicator, but in each instrument, I use, this indicator does not work. Can you support/solve
this problem? Thanks a lot, Renkotrader
June 7th, 2011 10:26 AM DrE6 Great tool which would be very helpful for me. However it does not work on my NT7, I can not see anything. Could you ple
ase help? I added 00, 50 in the number ending in parameter field to get the plot marker e.g. at a price of 1.4400 or 1.4
May 23rd, 2017 05:27 PM mzabarain Very appreciated mompere.
December 10th, 2014 01:00 PM Flyingk
August 26th, 2013 07:20 AM Cloudy Thanks. Great tool and pro coding.
August 13th, 2012 08:26 PM Don Laing Great a welcome addition. Being a lousy programmer how do I use /n to add lines?
January 31st, 2012 04:27 AM Klausi This is a great help in every day's trading. You are reminded of all session opens and ends as well as of all FOMC + con
tract change dates, also to any custom - dates of your choice, whenever you have added them to the string array.
January 18th, 2017 03:02 PM AABid Thank you for sharing. Your kindness is greatly appreciated. This bar type is the cornerstone of my trading as it help
s me to filter all the noise. I use setting of 1-5-1 for the emini.
August 23rd, 2016 01:59 PM Trading Noob Awesome Renko implementation!
January 28th, 2020 08:19 AM PilotTrader Excellent tool for traders using the uniRenko bars!
Question: Is there an NT8 version of this anywhere? Thanks.
January 1st, 2019 08:07 PM beatnik Just what I needed. Been drawing a rectangle around the candle the size of my reversal candle. Thanks
April 26th, 2018 10:14 PM chuckclymer I am new to this forum and I am probably not commenting in the correct spot, but I am curious if this is available for N
T8? Thanks for the indicator!!!
September 23rd, 2017 01:31 PM longboat Thanks. Can somebody please code this for NT8?!!
November 26th, 2016 11:38 PM Jaba I'm not the author of this indicator but you can find the fix in this post: https://nexusfi.com/elite-circle/1261-want-yo
November 2nd, 2016 12:05 PM rcsingleton The day has come. www.barchart.com has changed the format! Can the author make the required changes to this indicator?
Thanks much!
April 13th, 2014 10:06 AM sudhirc Really Good.
Thank you.
January 26th, 2014 10:23 PM Chuck T I have used this little indicator so frequently that I felt compelled to come back and say a big THANK YOU! I had downlo
aded it months ago and couldn't find it at first, but after about two hours of searching BMT I found it again. So here i
am to thank you for this little gem that saves me so much time and prevents contract rollover headaches