Where can I find a Volume Distribution Indicator for NT7? - futures io
futures io futures trading



Where can I find a Volume Distribution Indicator for NT7?


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Malvolio with 5 posts (0 thanks)
    2. looks_two gomi with 2 posts (2 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Big Mike with 1 posts (2 thanks)
    1. trending_up 4,105 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 9 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Where can I find a Volume Distribution Indicator for NT7?

(login for full post details)
  #1 (permalink)
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
Malvolio's Avatar
 
Posts: 145 since Nov 2010
Thanks: 93 given, 84 received

Hi,

Iīm looking for a Volume Distribution Indicator for NT7.

I only find one for NT 6.5 here: https://futures.io/traders-hideout/1276-volume-histogram.html

Here you can see one for Tradestation: https://www.tradestation.com/discussions/Topic.aspx?Topic_ID=29153
It looks like MarketProfile but isnīt the same.

The Volume Zone Indicator implemented in NT7 isnīt what I need.

Thanks!

Malvolio

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
MACD line not plotting after change of plot order
NinjaTrader
Reading A set of Trading Signals
EasyLanguage Programming
Help Needed: TOS Options Chain IV & IMPL MOVE Calcul …
ThinkOrSwim
Second Entry Indicator (Looking for testers/feedback)
NinjaTrader
Automatic pattern research with NT
Elite Algorithmic NinjaTrader Trading
 
 
(login for full post details)
  #3 (permalink)
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,979 since Oct 2009
Thanks: 3,657 given, 5,120 received


https://www.ninjatrader.com/support/forum/local_links.php?action=sendtofriend&catid=4&linkid=355

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
Malvolio's Avatar
 
Posts: 145 since Nov 2010
Thanks: 93 given, 84 received

Thank you for your post. It seems that this is the discussion concerning this indicator:
Value Areas - dValueArea - Page 12 - NinjaTrader Support Forum

So in post 5 a member asked the following:

Hi DeanV,
I saw u have made and modified some volume profile indicators, I would ask if is possible to use tick data to calculate the true volume at price in any time frame it is used, and maybe have the possibility to set a start and an end date to plot the histogram.

Maybe using tick data take too much pc resources?
Maybe using 1 minute data can be better?

I ask this couse when u use this kinda of indis changing timeframe would mean that cahnge also the volume profile poc and value area, i think it need a fixed timeframe for calc.

thanks.

Lubo.


And DeanV answered that:

Lubo, This is not really what you were asking for, but it's about as close as this one is going to get for now. Perhaps NT 7 will make it easier to do what you want.

Dean.


So it seems that the volume histogram isnīt calculated on true tick data and thereby it doesnīt draw the zones correctly, Iīm right?

Thanks a lot!

Malvolio

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,785 since Jun 2009
Thanks: 32,314 given, 97,581 received

Not sure, but have you checked

GomMP:


And of course, Gom Ladder:


And now the almost required add-on for the Ladder:


All three are Elite only.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #6 (permalink)
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
Malvolio's Avatar
 
Posts: 145 since Nov 2010
Thanks: 93 given, 84 received

Yes, thank you Mike. I checked the GomMP before. It comes near to the volume distribution but isnīt the same because itīs calculated on price and not volume. I think in Tradestation there is the ability to show the volume distribution of the previous days so I think that Multicharts does have it too. Iīm right?

Thanks again.

Malvolio

Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
Market Wizard
Paris
 
Experience: None
Platform: NinjaTrader
 
Posts: 1,247 since Oct 2009
Thanks: 272 given, 4,415 received


Malvolio View Post
I checked the GomMP before. It comes near to the volume distribution but isnīt the same because itīs calculated on price and not volume.

What to you mean ?

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
Malvolio's Avatar
 
Posts: 145 since Nov 2010
Thanks: 93 given, 84 received

Normally a vertical price scale is used in Market Profile which runs from the low price up to the high price. 30 minute time increments (time brackets) are represented by a specific letter in the alphabet. For instance 8 am to 8:30 am is represented with an upper case "A". "B" represents 8:30 am to 9:00 am, "C" is 9 am to 9:30 am and so on.

If I understand your MP indicator correctly it uses colors instead of numbers. So the histogram reflect not the volume at price or Iīm wrong?

Thank you for your answer.

Malvolio

Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
Market Wizard
Paris
 
Experience: None
Platform: NinjaTrader
 
Posts: 1,247 since Oct 2009
Thanks: 272 given, 4,415 received

Guess the indicator name is misleading then because it actually represents volume, not time.

Reply With Quote
The following 2 users say Thank You to gomi for this post:
 
(login for full post details)
  #10 (permalink)
Frankfurt, Germany
 
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
 
Malvolio's Avatar
 
Posts: 145 since Nov 2010
Thanks: 93 given, 84 received


Ok, thank you. I will go into this to understand your indicator better.

Malvolio

Started this thread Reply With Quote


futures io Trading Community Platforms and Indicators NinjaTrader > Where can I find a Volume Distribution Indicator for NT7?


Last Updated on January 3, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts