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JTRelativeVolume 5 *
Relative Volume aka CSI (Cumulative Sheep Index)

I have had this indicator converted from NT7 for use on NT8

This indicator shows volume at the time of day relative to the prior n days. This is very useful in terms of identifying when volume is picking up or slowing down. The absolute value is not as important as whether it is rising or falling. As participation changes, the price action changes too. Probably one of the best ways to analyze volume/participation in the markets.

Tried and tested on NT8 8.0.0.12 64-bit (Standard) - BETA


Category NinjaTrader 8 Indicators and More 
 
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Details: JTRelativeVolume
Category: NinjaTrader 8 Indicators and More 


July 28th, 2016
Size: 1.71 KB
Downloaded: 1243 times

Keywords: relative volume
Comments/ratings
4 * zohar July 29th, 2016 05:43 PM
thanks tradertom
5 * TickMonster August 5th, 2016 10:00 AM
Good stuff
5 * eminijalapeno August 12th, 2016 02:49 PM
Awesome, thank u very much!
5 * Psy24X November 2nd, 2016 06:06 AM
Thank you, thank you, thank you!!!
5 * no3putts January 5th, 2017 01:29 PM
No Comment
5 * Ynotfutures January 31st, 2017 09:08 AM
Thanks!
5 * ericson February 21st, 2017 08:37 PM
No Comment
5 * 5lim3r August 30th, 2017 07:26 AM
Thank-you so much for this. It is very much appreciated.
3 * Jillzy February 11th, 2018 09:26 PM
Can I ask a question here? I don't see how to change (or even identify) the relative n days...? Thanks in advance.
4 * maman May 5th, 2019 10:23 AM
Thanks a lot. I can't see the parameter n to set how many previous days average calculation.

 
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