Where can I find a Volume Distribution Indicator for NT7?

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Hi,

I´m 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 isn´t the same.

The Volume Zone Indicator implemented in NT7 isn´t what I need.

Thanks!

Malvolio

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

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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 isn´t calculated on true tick data and thereby it doesn´t draw the zones correctly, I´m right?

Thanks a lot!

Malvolio

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Not sure, but have you checked

GomMP:

GomMP Market Profile indicator

Please upgrade to latest version, see second post
This indicator requires GomPackage, see second post

You don't need a Gom file to use the profile, it is simpler to use the NinjaTickFile file type, so Ninja files are used.
In this case, it is …

And of course, Gom Ladder:

Volume Ladder for NT (Gomi)

Here's an indicator based on GomRecorder framework (see NT forums).

Please download it first , latest version here :

It's a volume ladder that includes cumulative delta stuff, I'll document it below.

It works with 6.5 and 7Beta5

Doc is …

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

Volume Ladder Highlight and Metro Addition

I would like to include some Highlight Additions to the Volume Ladder Indicator posted by Gomi in

the main idea is to "spot" some probables setups in order to help the decision making ( enter the market or not ? )

for now i just make the …

All three are Elite only.

Mike

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Yes, thank you Mike. I checked the GomMP before. It comes near to the volume distribution but isn´t the same because it´s 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. I´m right?

Thanks again.

Malvolio

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Malvolio

I checked the GomMP before. It comes near to the volume distribution but isn´t the same because it´s calculated on price and not volume.

What to you mean ?

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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 I´m wrong?

Thank you for your answer.

Malvolio

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

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

Malvolio

Where can I find a Volume Distribution Indicator for NT7?

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Where can I find a Volume Distribution Indicator for NT7?

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