NinjaTrader 6.5 Indicators - BSVLine v1.0
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NinjaTrader 6.5 Indicators
Indicators in this section are compatible with NinjaTrader 6.5

BSVLine v1.0 5 *
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.

NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]

Category NinjaTrader 6.5 Indicators 
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Details: BSVLine v1.0
Category: NinjaTrader 6.5 Indicators 

January 5th, 2010
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Keywords: buy pressure realstats sell ztrade101


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