This is my version of two of the volume patterns from the Better Volume indicator from eminiwatch.com. I only use HVC & LV bars in my trading and these were easy to port. The other volume bars (Climax bars) require upticks & downticks which are available historically with Tradestation but not with Ninjatrader.
HVC bars often mark turning points and are usually the result of professional activity.
LV bars are usually amateur activity and the move may not continue.
I have tested this indicator against the better volume indicator on Tradestation and there is zero difference. If you want the Climax bars I encourage you to purchase the Better Volume for Ninjatrader from eminiwatch.
I also plan to add more volume patterns to this indicator such as "No Demand", "Stopping Volume", etc. If anyone would like to contribute please let me know, I have lots of ideas but little time so I could use the help.
For more information on using this indicator and the volume patterns, please see the thread:
10/19 - Fixed a date/time formatting issue with non-"en-US" cultures.
10/29 - A got a lot of requests to provide a background and border so that the candles and other indicators didn't overlay the text. If you would like this version it can be found here: https://www.johnthom.com/2009/10/economic-news-indicator.html
This is an Open Range indicator that starts from the previous day. In the example it run from 161500 the previous day to 930 the next day. It looks busy but I can't think of the way to make it looks better, open for suggestions for v2.
Improvement:
-zones are in square shape.
-set value for buy zone, sell zone separately
-if you set buy zone color to transparent, both buy zone and buy bracket turn transparent.
Note: I set the buy/sell hash line to transparent to show the square zone better, all you have to do is set them to some color.
When having "Calculate on bar close" set to False with ShowObjects = True it will paint the objects correctly as price action moves.
Scenarios:
If price goes above the 200 line area, it will paint a lime object, if price drops below the 200 line, the object will change to a darkblue object.
If price is in the 100 line area, it will paint a maroon object, if price drops below the 100 line area, the object will be removed.
When having "Calculate on bar close" set to False and having ShowObjects set to True it will paint erroneous painted objects. The reason for this is when price action blasts off and the CCI (let's say) hits above the 200 line it will paint the lime object and if price action reverses on the same bar which brings the CCI below the 200 line the object that got painted will stay. I haven't quit figured out how to code that portion of the code.
It's best to have "Calculate on bar close" set to True with ShowObjects = True.
It's best to have "Calculate on bar close" set to False with ShowObjects = False.
April 5th, 2011 07:08 AM TimC UGH! Beware! I installed this indicator in NT7 and have yet to get my NT back to normal. Indicator screen takes FOREVER
to load, if at all. Many restarts. I've deleted all files for this indicator from NT but it seems the damage is done. Ma
y have to remove NT7 and start fresh.
March 20th, 2011 12:25 AM Aragorn I used it on Ninja 6.5 but when I switched to 7.0 I found that it tool an enormous amount of time to load a chart- sever
al minutes. I never suspected a ninjascript so I did everything- uninstalled and reinstalled Ninja; downloaded data from
Mirus; used very small charts to load; I even went so far as to question my Windows update so I restarted my computer f
rom a previous start point wiping out all new updates. Nothing helped. Slow Slow Slow. I contacted Ninja Support and I w
ent step by step reinstalling the application. As it turns out it was this ninjascript and I didn't even have it on any
of my charts or the chart I was loading. It was just in the list of indicators. I liked it when I had it on 6.5 but don'
t think I can use it on 7.0.
February 22nd, 2011 04:15 AM tmwff This indicator crashed my Ninja 7 system yesterday. I was told to delete it from the Ninja Support Team. They told me th
at yesterday a lot of useres had problems with this indicator. Be careful!!!
February 9th, 2011 02:58 AM leff Excellent
February 4th, 2011 03:36 AM gat3keeper Very Nice. Thank you!