This indicator plots a 2 colored line representing the average volume over a period of bars. Simple as that...I was asked about the way I use volume to evaluate my entries and so I uploaded this indicator to assist in answering question. I won't answer that question here but just provide the indicator.
November 19th, 2010
Size: 7.77 KB
Downloaded: 168 times
735
MWinfrey
This one is almost the same as BalanceLine but it uses H+L/2 of total number of days back not just 2 at a time. If you don't see it plots try to increase number of download days or reduce number of days back, the default setting is 5 days back.
-4/30/10
add on/off switch to turn off the drawing in case it is plotted too far away from prices making a chart hard to read or you just don't want to plot it.
-5/02/10
just a re-upload v2 for some reason the name v2 won't show up. if the name V2 doesn't show in your indicator list just unzip the file and compile the BalanceLineV2.cs file directly from your editor.
April 29th, 2010
Size: 3.62 KB
Downloaded: 200 times
431
cory
This bband has 2 stddev value so that it can color the outer band and it highlights the band if price touch the band and it also do the alert if touch.
This is the first version of a real-time indicator based on Buying and Selling pressure using a line to visualize the data. It is modified from jtRealStats and BuySellPressure. Works for NinjaTrader 6.5, and a related version was tested on Ninja 7. Gotta leave NT running all the time now or the data is lost. Chaging any other indicator erases it. Maybe for NinjaTrader 7 it will be able to use Historical data.
This is the first version that uses a line rather than bars. I suggest overlaying it with Volumn (not shown in my tick charts), as bars. Blue represents buying and Red Selling based on the price vs. the last bar. An example is shown below where it is used in conjuction with ADXVMA_sharky_paint & Bill Williams' Acceleration/Deceleration Oscillator (from NinjaTrader).
In the attached figure there is a buying climax that preceeds the Failure of a Al Brooks described (Chapter 2) micro trendline BreakUp and the maximum of the DOM for the morning. This is confirmed by a decrease in the Williams Acceleration Oscillator. All indicating that this rally has run its course.
This indicator is a real-time indicator and does not plot against historical data. A histogram splitting volume between trades at higher or equal to the high of the last bar or lower or equal to the low of the last bar is plotted.
It is currently executed using Chart Trader under the Advanced Trade Management system on Ninja Trader. The goal is to write a strategy using these indicators and back test it. The one think I do not know how to do is how to pass the 2 variables generated by this indicator to a strategy.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
Improvement:
-zones are in square shape.
-set value for buy zone, sell zone separately
-if you set buy zone color to transparent, both buy zone and buy bracket turn transparent.
Note: I set the buy/sell hash line to transparent to show the square zone better, all you have to do is set them to some color.
September 29th, 2013 10:35 AM mdl060374 very nice!
July 7th, 2011 03:53 PM gg80108 imported into 7 works good
April 25th, 2011 01:29 PM wireford Mike-
Thanks for all your hard work. Downloaded this from NT a year ago but never realized you had programmed it until I joine
d BMT.
Andy Crawford
June 7th, 2010 06:53 AM enriquec Thanks man !!! Great job .I was looking for that . I have some ideas about the aplication of this stuff .Maybe we will
March 19th, 2014 06:33 PM bobc635 Thanks....Looks interesting
September 3rd, 2013 01:52 PM sdp0024 You can use www.Sharkindicator.com to easily create and backtest very quickly your strategies. It's pretty cheap to for
what it does. Think it's like $500 for the ultimate version. Well worth it in gold.
http://www.sharkindicators.com/products/bloodhound-utlimate/ I believe they are running a Labor Day special for $100 of
f through 9/4/2013
January 6th, 2011 11:54 PM masaleem1 Hi my name is saleem and I am a novice trader was taking a look at your volume plot
it looks very interesting so I just wonted to know why you came up with the this plot and
how the underling logic of the plot works. Well I am sure you are very busy and don't feel
you have to rush to reply back
well great work
April 15th, 2010 08:44 AM greathopes Very interesting looking. Can't wait to see it in realtime.