NinjaTrader 8 Indicators and More - Volume Accumulation
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NinjaTrader 8 Indicators and More
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Volume Accumulation 5 *
Volume based indicator. It has no period or parameters required. There is one option to show the Bar-Bar accumulation if desired but the default is the "summed" value. (integrated over time)

Code based upon:
https://commodity.com/technical-analysis/volume-accumulation/

"The Volume Accumulation indicator combines volume and a price-weighting that attempts to show the strength of conviction behind a trend; the Volume Accumulation indicator might prove useful in uncovering divergences. The formula for the Volume Accumulation formula is shown below:

Volume x [Close - (High + Low)/2]

The formula only gives positive volume to the day if the close is higher than the midpoint of the high and low. If the close is towards the lower half of the range of the price action, then volume is negative for the day."


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July 7th, 2016
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