Indicator paints when confirming both CCIs above or below zero. Can use one CCI for trend and other for entries and exits similar to Jeff's CCI - but longer frame CCI for trend instead of MAs. CCI lengths are adjustable inputs. Need to change color of your instrument bar to the neutral color (yellow in my case). Noob with EL so take it easy on me.
Everybofy who is interested in Volume Spread analysis should use this Script. It is great for learning purposes and as tool for trading.
The Original Code is from Karthik who wrote the code for Amibroker: Here you can find the Original code: http://vpanalysis.blogspot.com/. He has also an excellent primer on VSA. If you can't get anymore shoot me a PM with your Email.
All types of VSA signals are coded with a paintbar: Red Square - UpThrust bar. Blue Diamond - Reversal possible, yesterday was high volume wide spread up bar, but today we reached 10 days high with low close wide spread down bar. Red Triangle Down - UpThrust confirmation. Lime Square - Strength bar (either strength is showing in down trend or a supply test in up trend). Yellow Triangle Up - An Upbar closing near High after a Test confirms strength. Lime Diamond - Stopping volume. Normally indicates end of bearishness is nearing /OR/ No supply. Lime Triangle Up - The previous bar saw strength coming back, This upbar confirms strength. Blue Square - Psuedo UpThrust, A Sign of Weakness /OR/ A High Volume Up Bar closing down in a uptrend shows Distribution /OR/ No Demand. Blue Triangle Down - A Down Bar closing down after a Pseudo Upthrust confirms weakness. Yellow Triangle Down - High volume Downbar after an upmove on high volume indicates weakness. Aqua Triangle Up - High volume upbar closing on the high indicates strength (in short term down trend). Deep Pink Square - Test for supply. Turquoise Diamond - Effort to Rise. Bullish sign. Yellow Diamond - Effort to Fall. Bearish sign.
Within the chart there are three information boxes, that even give you information to the signals (great for learning), suggestion what to look for next, information for the spread, volume and trend.
This is similar to BMT PaintBar_Close indicator, but this one lets you choose the colors you want. It decides if it's an up or down bar based on the open/close relationship, not the close only. It also does not paint Doji bars, it just paints the bar based on the open/close, and what the bias of the bar is. The original creator of this is eDanny, I just modified it a little.
NinjaTrader 6.5: NO - ZTrade101 (Will work if cut and pasted, not imported)
NinjaTrader 7.0: YES - ZTrade101
Hey Guys,
This indicator was developed by eDanny on the Ninja Support forum and it's something I was looking for for a while and finally found it.
It allows you to change the color of the candle outline to match the color of the candle. ie up candle green, outline/wick is green and so forth. Also you can adjust if the body is filled or hollow. It's very helpful for those who like to have a black background similar to tradestation.
Below is the Ninja Support forum link: https://ninjatrader.com/support/forum/showthread.php?t=14122&highlight=candle+outline+eDanny
Let me know if you have any questions.
Nick Faria
COMPATIBILITY: NinjaTrader6.5: Not tested, yet
NinjaTrader7: Yes- ZTrade101
Lifted from the BetterVolume2 Indicator available on the Ninja Forum and originally written by Barry Taylor and available for free, this one features a few additions including:
some of Cory's volume stop work;
some additional patterns (many of them experimental) which track various combination such as down bar, then churn, then up bar. Small-size wingdings are used to highlight such signals which can easily be turned off once they are learned and/or different ones added.
This is not nearly as sophisticated as many of the live-updating buysell/delta indies out there. The Tradestation version of BetterVolume does a good job of reading up and down ticks but this is much tricker in Ninja and this indicator was not programmed that way (though at this point I think it could/should be) with less difficulty than a year or so ago since more independent programmers out there have shared so much stuff.
To activate the volume signals, change the MA Period from 20 to 21. Then read through the Descriptions for the other options. It's fairly straightforward.
The attached pic shows two version of BetterVolume2 which I had up to ensure this latest version with a different name (so as not to over-write the original BetterVolume2 on others computers) was working correctly.
August 13th, 2010 12:07 PM redpilot When for NT 7? I donīt know convert it to NT7
May 28th, 2010 06:07 AM Serninja Many thanks! Unfortunately not (yet) for NT7. Soon?
February 26th, 2010 07:34 PM PandaTrader You are right, sorry about that. I just saw you posted and uploaded it before him. Sorry, credits go to you then.
Thank you, Prtester
February 26th, 2010 05:25 PM Prtester Well that one look exactly as my code, even the shading area that roonious help me fix, :-( too bad .