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BSVLine v1.0

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.

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

Category NinjaTrader 6.5 Indicators

Details: BSVLine v1.0
Category: NinjaTrader 6.5 Indicators

January 5th, 2010
Size: 2.03 KB
Downloaded: 494 times

Keywords: buy pressure realstats sell ztrade101

Buy/Sell Pressure Color Bar

A real time only version of this indicator was posted on the Ninjatrader forums by Dave S. in February. Naturally I couldn't resist the temptation to make it work with the GomRecorder.

The bars are colored blue for positive deltas and red for negative deltas. The saturation is proportional to the ratio of delta to total volume. Lighter color bars have lower deltas, and white bars have deltas near zero.

The trades that are counted can be filtered by the Minimum and Maximum Trade Size settings.

It seems to work well on Renko charts, where you can see the balance of power shift at congested areas that become reversals.

Category The Elite Circle

Details: Buy/Sell Pressure Color Bar
Category: The Elite Circle

June 2nd, 2010
Size: 12.88 KB
Downloaded: 1498 times

Keywords: zondor buysellpressure

BuySellPlot

Updated version by Zondor in the Elite area

This is version 1.0 of a Buy Sell Indicator modified from Buy Sell Pressure on the Ninja Trader Links and Downloads Manager ( https://ninjatrader.com/support/forum/local_links.php page).

This indicator is a real-time indicator and does not plot against historical data. A histogram splitting volume between trades at higher or equal to the high of the last bar or lower or equal to the low of the last bar is plotted.
It is currently executed using Chart Trader under the Advanced Trade Management system on Ninja Trader. The goal is to write a strategy using these indicators and back test it. The one think I do not know how to do is how to pass the 2 variables generated by this indicator to a strategy.

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)

Category NinjaTrader 6.5 Indicators NinjaTrader 7 Indicators

Details: BuySellPlot
Category: NinjaTrader 6.5 Indicators NinjaTrader 7 Indicators

November 13th, 2009
Size: 2.02 KB
Downloaded: 4004 times

Keywords: sell pressure ninjatrader buy ztrade101

Ed's Levels Histogram V2.3 Updated

Ed's Levels Histogram V4V2.3 Updated

This is a port of Ed's Levels V4 from NT7.

Shows a histogram of the bid-ask levels, as appears on the DOM display.

Please see here for the Eds levels thread and my latest beta update (V4V4.2). This update will hopefully reduce multi-threading issues.

The options are self explanatory, however, you can adjust the positioning of the plot by setting "Buffer Right" and "Margin %".

I have added some more features including:

* A vertical column showing the current Bid/Ask pressure.

* A vertical column showing the current bar delta.

* Triangle symbols showing the current average of the bid and ask. (These fill if the average is > 1st standard deviation of the other).

* Standard deviation coloring.

Caveat:

Occasionally when starting with market replay an error is printed, although in practice this rarely occurs and generally works seamlessly.

Category NinjaTrader 8 Indicators and More

Details: Ed's Levels Histogram V2.3 Updated
Category: NinjaTrader 8 Indicators and More

October 30th, 2016
Size: 11.30 KB
Downloaded: 2070 times

Elder's Smoothed ROC

The ROC Smoothed indicator is a modification of the ROC, as described in Alexander Elder's book Trading for a Living. It plots two lines: ROC, which is the difference between the current price and the price x-time periods ago, and SROC which is the difference between an MA of price and the MA of price x-time periods ago.

This oscillator avoids the major flaw of ROC. Smoothed Rate of Change compares the values of an exponential moving average instead of prices at two points in time. It gives fewer trading signals, and the quality of these signals is better.

Excerpt from the book "Trading for a Living"
To create S-ROC you must first calculate an exponential moving average of closing prices. The next step is to apply Rate of Change to the EMA. S-ROC is not very sensitive to the length of its EMA or ROC parts. You can calculate a 13-day EMA of closing prices and then apply a 21-day Rate of Change to it. Some traders calculate the Rate of Change of prices first and then smooth it with a moving average. Their method produces a much jumpier indicator, which is less useful than S-ROC.

Crowd Behavior:
An exponential moving average reflects the average consensus of value of all market participants during the period of its window. It is like a composite photograph that reflects major features of the market crowd rather than its fleeting moods. S-ROC compares each reading of an EMA to a past reading from your selected period of time.
It compares the average mass consensus today to the average consensus in the past. S-ROC tracks major shifts in the bullishness and bearishness of the market crowd.

Trading Rules:
Changes in the direction of S-ROC often identify important market turns.
Upturns of S-ROC mark significant bottoms, and its downturns mark important tops.
Divergences between S-ROC and prices give especially strong buy and sell signals.

1. Buy when S-ROC turns up from below its centerline.
2. Sell when S-ROC stops rising and turns down. Sell short when S-ROC turns down from above its centerline.
3. If prices reach a new high but S-ROC traces a lower peak, it shows that the market crowd is less enthusiastic even though prices are higher. A bearish divergence between S-ROC and price gives a strong signal to sell short.
4. If prices fall to a new low but S-ROC traces a higher bottom, it shows that the market crowd is less fearful, even though prices are lower. It shows that the downside pressure has lessened, even though the market has fallen deeper than before. A bullish divergence gives a strong signal to cover shorts and buy.

Category NinjaTrader 8 Indicators and More

Details: Elder's Smoothed ROC
Category: NinjaTrader 8 Indicators and More

December 21st, 2017
Size: 15.00 KB
Downloaded: 596 times

gbBuySellPressure

gbBuySellPressure, Ver 1.0, TraderGB, June 4, 2021

Make sure you have Tick Replay on when using this indicator.

Description: This is the stock NT8 BuySellPressure indicator with the following modifications (requested by cshrum):
1) Re-scaled between -100 and +100 (was between 0 and 100)
2) Buy pressure appears above zero and sell pressure appears below zero
3) Changed line sytle from line to bar
4) Added addtional reference lines (+50 to +100 and -50 to -100)
5) Added divergence marker on price panel (optional)
6) Added divergence marker on pressure panel (optional)

Category NinjaTrader 8 Indicators and More

Details: gbBuySellPressure
Category: NinjaTrader 8 Indicators and More

June 4th, 2021
Size: 3.25 KB
Downloaded: 469 times

KR_DMI_v4 for ToS

This is my own implementation of ADX/DMI indicator for ToS.. still keeps the original approach

ADX line is allowed to go negative when the trend is down
we use ExpAverage for calc of DI+/DI- and HullAvg for smoothing
some visibility enhancement adding color coding to ADX (up, down & Alert)
improve visibility of Net pressure of price movement (using Addcloud)

Usage is similar to the original ADX: a trend starts above/blow 20 or 30levels (adjustable)

A sell/buy is suggested when the DI lines cross *AND* the ADX line is Cyan or Red

feedback & comments appreciated...
RedK @ Live.com ..... July 2012

Category The Elite Circle

Details: KR_DMI_v4 for ToS
Category: The Elite Circle

July 20th, 2012
Size: 2.11 KB
Downloaded: 233 times

Keywords: adx dmi redk thinkorswim tos

KR_DMI_V4b for ToS

a small visual enhancement from KR_DMI_V4:

since we practically care about the Net DI (difference between DI+ and DI-), which shows what price pressure is prevailing (buying vs selling) and causing the move, i removed the original lines, and replaced with a zero-base cloud that represents that Net Difference.
removed smoothing in calc from DI lines and Net difference. allowing it to act as a "relatively" leading indy for price move.
it's now easier to spot divergence between that net DI difference "cloud", and Price Action or ADX movement, suggesting current trend move maybe about to end or ease down. see attached screenshot.
ADX line is still the same.
Default "trend" level changed to 25.

thanks, RedK

Category The Elite Circle

Details: KR_DMI_V4b for ToS
Category: The Elite Circle

July 21st, 2012
Size: 2.22 KB
Downloaded: 524 times

Keywords: adx dmi redk thinkorswim tos

K_BetterVolume for ToS

Update 20 Oct 2013: a variation of this study that tracks only the net avg volume ratio has been posted here https://nexusfi.com/download/vip_elite_circle/1449-download.html?view
thx, K

Posted some examples on how to use in reading charts and action
https://nexusfi.com/elite-circle/27433-k_bettervolume-tos-new-version-downloads.html
Here's an interesting view of volume that I've been watching for a while. Added to the K_BetterVolume indicator I posted here a while back.
Instead of watching the classic volume bar by bar plot, I started watching the average buy vs sell for a period, which I found much more insightful. A stronger/more sustained price move is usually associated with a net volume avg forming in the same direction, also moves with no strong volume supporting them will possibly be short-lived- this simple way to view volume is especially useful when there's no easy way to track volume at bid/ask level, or if you don't want to go that deep...

Changes in this version:

A simple way to track Buy vs Sell volume for a given length of bars, "Directional Volume, or Volume Pressure or VXNet", which is the net of ratio of buy vs sell avg volume (WMA) to the overall volume average. inspired by a similar concept in one of Elder's study
added a volume buzz label calculation (the closest I could get to a VolBuzz calc in ToS, impossible to do in custom WatchLists or scans). By Changing the chart aggregation, I can check the VolBuzz (basically current bar's volume vs longer average volume of same time interval)
VXNet can be displayed on top of the "classic" volume plot, or separately .. changing plot settings enables to view it as a histogram, or just a simple green/red cloud.. see screencap for examples of how this study can be set
VXNet is zero-lag smoothed, however keep smoothing as small as possible (3 to 5) not to lose traction to actual volume trend change
informative labels, can be turned on or off - Dynamic coloring

Changes in V3 - May, 2013
--------------

Changed the Algo that calculates Sell / Buy volume to the same one developed by Barry Taylor at EminiWatch for TradeStation, and mentioned in our VSA for thinkorswim thread here https://nexusfi.com/thinkorswim-programming/3477-vsa-thinkorswim.html

this algo does test well and provides a better signal (sometimes up to 3 bar improvment) than taking the whole volume bar as a buy or sell volume based on the close vs open technique in prior version..

The Dynamics coloring of the info labels still there, provides visual clue for major volume spikes that deserve attention

code is commented.. TOS Study setup "baloon mini-guide" also included.

RedK

Category The Elite Circle

Details: K_BetterVolume for ToS
Category: The Elite Circle

May 16th, 2013
Size: 3.57 KB
Downloaded: 1118 times

Keywords: bettervolume redk thinkorswim tos volume

SMARSIwithStochAlertsV2

Exported using NT6.5.1000.9

This is a MOD of the SMARSI indicator that will plot RSI dots on a SMA when RSI is above/below the alert level.

The basic indicator has four inputs: the SMA setting (default is 21 period), the RSI setting (21 period), and the upper and lower level alerts (set at 43 and 57).

The MOD on this indicator is the addition of BLACK background dots behind the RED or GREEN dots when the RSI condition is TRUE (showing market pressure) AND Stochastics has made a pullback in the opposite direction.

The appearence of the BLACK background dots will alert to a pullback in a trend OR the end of a trend.

The Stochastic used in this indicator is the Double Stochastic Mod. The default setting for the Period is 10 and the EMA is set to 2. These settings are designed to catch fast pullbacks.

In addition to these settings are the upper and lower level ALERTS (default settings are 20 and 80).

All settings can be changed in the Parameters section.

The RSI 'dots' will only print when the SMA is Rising/Falling in the same direction as the trend (borrowed from jabeztrading's MOD).

V2 Edit The only change is in the parameters section, now the inputs are coded in order.

To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu File > Utilities > Import NinjaScript
3. Select the downloaded file

Category NinjaTrader 6.5 Indicators

Details: SMARSIwithStochAlertsV2
Category: NinjaTrader 6.5 Indicators

November 16th, 2010
Size: 11.06 KB
Downloaded: 433 times

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