NinjaTrader 8 Indicators and More - JTRelativeVolume
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NinjaTrader 8 Indicators and More
Indicators and Files in this section are compatible with NinjaTrader 8

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 64-bit (Standard) - BETA

Category NinjaTrader 8 Indicators and More 
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Category: NinjaTrader 8 Indicators and More 

July 28th, 2016
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Keywords: relative volume


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