inspire by Better Emini stop volume indicator but I add many changes to eliminate or include some of reversals that the original miss.
here is version 2 with RJay help it also colors the vol bar.
note: it seems works better on 5m or RJay no gap range bar.
An indi for TradeStation designed to show high-volume bars
without having to devote a separate pane to an indi. It
marks them with the character in the variable vChar - "o" in
the picture.
It simply plots an ma of volume and marks bars which exceed
it by the value in the variable vadjust.
The bottom pane in the picture, which is a different but
similar indi, shows the principle.
Why the longest volume bar in that pane is not signalled by
VolVsRange I don't know - unless it's off the chart.
The code (let me know if there are errors in it - it was one
of my first tries) :
{ Indicator }
Inputs:
UpColor(Black) , DnColor(Red) , vAvg.length(9) , vadjust(1.8) , VolAlert(false) , vChar("o"), offset(0.5) ;
Variables:
vol(0) , avgv (0) , volvlen(0) , barlength(0) ;
If BarType >= 2 then vol = Volume else vol = Ticks;
vol = volume ;
barlength = H - L ;
if vol > 0 and barlength > 0 then
volvlen = vol / barlength
else
volvlen = 0 ;
avgv = averageFc(volvlen, vAvg.length) ;
if volvlen > avgv * vadjust and O[1] > C[1] then
begin
Value1 = Text_New(D,T, Low - Range * offset, vChar ); // down bar
Value2 = Text_SetColor(Value1,UpColor);
If VolAlert = True then
begin
Alert("VolvLen down ");
End;
End;
if volvlen > avgv * vadjust and C[1] >= O[1] then
begin
Value1 = Text_New(D,T, High + Range * offset, vChar ) ; //up bar
Value2 = Text_SetColor(Value1,UpColor);
If VolAlert = True then
begin
Alert("VolvLen up ");
End;
End;
November 25th, 2011
Size: 8.11 KB
Downloaded: 287 times
1049
Sezor
Version 1.0
The Vortex Indicator consists of two oscillators that capture positive and negative trend movement.
A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level.
A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level. The Vortex Indicator is either above or below these levels, which means it always has a clear bullish or bearish bias.
Calculation of the Vortex Indicator can be divided into three parts. First, calculate the positive and negative trend movements based on the highs and lows of the last two periods. Positive trend movement is the distance from the current high to the prior low. The further the current high is from the prior low, the more positive the trend movement. Negative trend movement is the distance from the current low to the prior high. The further the current low is from the prior high, the more negative the trend movement. These periodic values are then summed based on the indicator setting, which is the usually 14 periods.
The second part involves the True Range, which was created by Welles Wilder. This indicator uses the current high, current low and prior close to measure volatility
The third part normalizes the positive and negative trend movements by dividing them by the True Range. In effect, the Vortex Indicator shows volatility-adjusted positive trend movement and volatility-adjusted negative trend movement. The end result creates to indicators that oscillate above/below 1.
Please Keep in mind that the Vortex Indicator is not designed as a standalone indicator.
April 26th, 2014
Size: 3.19 KB
Downloaded: 246 times
1547
RADO
Volume/Stochastic/Reversal Bars
wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
I have found that it works especially well with Range Charts. I will say the Volume component has to be tuned down under 1.00 or a lot of triggers get filtered out. Probabably some enhancements could be made in that arena.
Caution should be taken on Trending days as a lot of false signals will be generated. It is best used as a supplement to other indicators.
February 5th, 2014
Size: 6.77 KB
Downloaded: 1081 times
1314
vvhg
I need True Range for another indicator that I am creating. Comments are welcome if anyone finds an error. Nothing came up in search so I wrote the code. Version 1.0.0.0 (My first Ninjatrader code, I am a SQL Server DBA/C#developer by day)
March 17th, 2013
Size: 2.18 KB
Downloaded: 135 times
1380
weasel
It's common for people to look at how large the upper or lower 'wicks' or 'shadows' are in comparison to the range of a bar. In writing strategies that do so, I got tired of re-re-coding calculations to look for especially large ones.
So, I created an indicator that shows the upper and lower wick size as a percentage of the bar's range. So, now, if I want to specify a wick that's greater than 50% of the bar's range, I can just look for instances where the indicator values are UpperWick > 50 or LowerWick < -50.
If you find looking for negative numbers cumbersome, edit the indicator and reverse the LowerWick calculations, from either (Low[0] - Open[0]) or (Low[0] - Close[0]) to (Open[0] - Low[0]) or (Close[0] - Low[0]), respectively. Then, all the histogram bars will point upwards and you can make your code always look for positive values.
I hope some of you find this indicator handy.
I neglected to account for instances where Range() is zero, so the original indicator sometimes stops working. This newer version corrects that problem.
November 5th, 2017
Size: 3.29 KB
Downloaded: 171 times
1927
DavidBodhi
It's common for people to look at how large the upper or lower 'wicks' or 'shadows' are in comparison to the range of a bar. In writing strategies that do so, I got tired of re-re-coding calculations to look for especially large ones.
So, I created an indicator that shows the upper and lower wick size as a percentage of the bar's range. So, now, if I want to specify a wick that's greater than 50% of the bar's range, I can just look for instances where the indicator values are UpperWick > 50 or LowerWick < -50.
If you find looking for negative numbers cumbersome, edit the indicator and reverse the LowerWick calculations, from either (Low[0] - Open[0]) or (Low[0] - Close[0]) to (Open[0] - Low[0]) or (Close[0] - Low[0]), respectively. Then, all the histogram bars will point upwards and you can make your code always look for positive values.
I hope some of you find this indicator handy.
Thanks go to jmont1, who graciously converted this indicator to NT8.
November 15th, 2017
Size: 3.54 KB
Downloaded: 304 times
1933
DavidBodhi
Hello Traders, a few months ago, a trader that I met through BigMikes turned me on to The Strategy Lab.[URL="http://www.thestrategylab.com"] There is a lot of free material there to study. The more that I read, the more that I liked the concept, so I built an indi to show the Wide Range Body (WRB) and WRB Hidden Gap. The concept is to show increasing volatility and areas of support and resistance. I encourage you to read the free material.
This NT7 indicator will work on every chart type although it does not make any sense on some range restricted charts. It colors the candle of the WRB and paints a rectangle for the WRB Hidden Gap. It also draws a vertical line for a WRB in the event that you use it on a PnF chart since there is no candle to color. You can choose the colors and audio indications for the WRB and the WRB Hidden Gap and the line width for the WRB line.
If you are interested in the WRB Zones, I have heard that there is an indi on the Strategy Lab site called Mr Zones that works fine with this indi.
October 31st, 2020 03:04 PM Ej437 Can we get this indicator updated to NT8?
October 31st, 2016 12:33 PM Sousa Thanks a lot for the WRB HG and i agree with wrbtrader about the WRB Zones, on the other hand guys its better to train y
our eye to see them while learning candle stick pattern while your at it. lastly
Which audio wav. alert is for regular WRB and which on is for hidden gap WRB? just to clarify in your post would be grea
t! (y)
September 11th, 2016 02:21 PM Bobi Thank you.
July 4th, 2016 01:16 PM bobc635 Hi wrbtrader.... I just saw your posted request. I am sorry for the slow response.... we have been really busy here with
moving to new house and travel. I believe that the Indi on your site called Mr Zones does the trick. If I am missing
something, let me know...
Bob
June 18th, 2016 12:23 PM wrbtrader I greatly appreciate the hard work. It would be nice if you could design it to show WRB Zones related to basic tutorial
chapter 2 to show the Zone highlighted on the chart so that it can extend to the right for better visualization.