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Better Volume with Sound Alerts
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Better Volume with Sound Alerts
Exported using NT Version 7.0.1000.26
This is a simple version of the Better Volume Indicator from
https://www.emini-watch.com/
. It is not based on the later versions but the original version and identifies the following events
Breakout or Climax Bars
: A breakout or climax bar is a bar with the highest value for the product of volume and range within the lookback period.
Churn Bars
: A churn bar is a bar with the highest value for the volume per range within the lookback period.
Climax Churn Bars
: A climax churn bar is a high volume bar that qualifies as both climax and churn bar.
Low Volume Bars
: A low volume bar is a bar that has the lowest volume within the lookback period.
The indicator uses two lookback periods. The larger lookback period identifies stronger climax and churn bars, the smaller lookback period points to weaker climax and churn bars and is used to identify low volume bars.
Sound Files
: The sound files are user selectable. You first need to copy your sound files to the directory C:\Program Files\Ninjatrader 7 \sounds. You can then select these files via the indicator dialogue box. Make sure that your sound files are compatible with NinjaTrader. NinjaTrader 7 does not support wav\MPEG, you need to convert it to wav\PCM first with an audio recorder.
Some further ideas and the sound files that I use can be found here:
Better Volume Indicator with Sound Alerts
There have been a number of questions, how to use this indicator and how to get the sound files. So I will just try to respond to the question and show the way how I use the indicator.
Sound Files:
The indicator can be used with any sound files …
Version 1.1, April 22, 2011: Bug fixed, low volume bars were not shown correctly.
Version 1.2, January 22, 2012: Paint bar option added. Overlay version showing paint bars only is included. Values for different bar types are exposed as IntSeries
Version 1.3, September 27, 2012: Code efficiency improved, following suggestions by @Zondor.
Version 1.4. December 28, 2012: Bug removed, sound alert for low volume alert was triggered for all bars with setting COBC = false.
Version 1.5. February 10, 2015: Bug removed, paintbar opacity was not applied for low volume upclose bars with setting COBC = false.
Category
NinjaTrader 7 Indicators
Details:
Better Volume with Sound Alerts
Category:
NinjaTrader 7 Indicators
February 10th, 2015
Size: 355.19 KB
Downloaded: 6581 times
Keywords:
bettervolume
churnbars
climax
climaxchurn
expansion
856
Fat Tails
View Download Details
June 12th, 2020 05:20 AM
Andreikoan
June 12th, 2020 05:18 AM
Andreikoan
June 12th, 2020 05:18 AM
Andreikoan
June 12th, 2020 05:17 AM
Andreikoan
February 27th, 2016 04:19 PM
no3putts
Thank you for making so many indicators available!
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