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Better Volume Indicator with Sound Alerts
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Better Volume Indicator with Sound Alerts

  #121 (permalink)
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Trader Jeff View Post
Hi,

Thanks for the indicator! I am still seeing issues with the yellow bars being the highest instead of the lowest on the latest update. Is there a latest version?

Thanks much,
Jeff

@Trader Jeff: There are no issues with the yellow bars. Those are churn bars, which means that they are narrow range high volume bars.

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  #122 (permalink)
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Update Better Volume for NinjaTrader


rickr View Post
@Fat Tails,

I have found what i believe to be a minor bug with the painting of the Low Volume Bars . . .

Sometime when it prints an up (close>open) low volume bar it is solid instead of outlined . . .

Reloading the ninja script or data corrects the misprint . . . I use both versions and think it occurs in both . . .

No big deal but thought you would want to know . . .

This is a great indicator . . . I use it daily . . . thank you ! ! !

Ciao, Rick


@rickr: Thank you for reminding me about this bug. I had already removed it, as a fellow trader had pointed this out to me, but then forgot to post the update in the downloads.

I have now updated the Better Volume and the Better Volume Overlay (paintbars only) indicators, and the issue should go away.

https://futures.io/download/ninjatrader-7/indicators/856-download.html?view

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  #123 (permalink)
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Fat Tails View Post
@rickr: Thank you for reminding me about this bug. I had already removed it, as a fellow trader had pointed this out to me, but then forgot to post the update in the downloads.

I have now updated the Better Volume and the Better Volume Overlay (paintbars only) indicators, and the issue should go away.

https://futures.io/download/ninjatrader-7/indicators/856-download.html?view

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  #124 (permalink)
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Possible to add description on color for future update?


Fat Tails View Post
@Trader Jeff: There are no issues with the yellow bars. Those are churn bars, which means that they are narrow range high volume bars.

Hi,


I was just curious if it was possible or if you thought it would be useful to add a description on each color in a future update? It currently shows "select color" on each label with just the title.

Thanks for the indicator!

Jeff

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  #125 (permalink)
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Trader Jeff View Post
Hi,


I was just curious if it was possible or if you thought it would be useful to add a description on each color in a future update? It currently shows "select color" on each label with just the title.

Thanks for the indicator!

Jeff

Indeed, I could have written "Select color for churn bars". I thought that the dialogue box made it clear that the yellow bars are churn bars.

But thank you again for the suggestion. I have changed it. Please download again.

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Last edited by Fat Tails; February 11th, 2015 at 06:10 AM.
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  #126 (permalink)
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@Fat Tails,

how would you call the Climax bars via strategy?

Something like:

 
Code
this.bettervol.BarCode[1]==1
&& Close[0] < Open[0](for shorts)

And for climaxChurn it should be:

 
Code
this.bettervol.BarCode[0]==1
&& Close[0] < Open[0](for shorts)
would it be correct?

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  #127 (permalink)
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Cachevary View Post
@Fat Tails,

how would you call the Climax bars via strategy?

Something like:

 
Code
this.bettervol.BarCode[1]==1
&& Close[0] < Open[0](for shorts)

And for climaxChurn it should be:

 
Code
this.bettervol.BarCode[0]==1
&& Close[0] < Open[0](for shorts)
would it be correct?

A hig volume wide range bar could be a climax or breakout bars. The breakout bar is a continuation pattern. The climax bar is a reversal pattern. You can compare this to breakaway, runaway and exhaustion gaps. You need to trade these signals in the context of the market.

The indicator exposes the BarCode as follows:

climax churn bar: BarCode = 0
climax bar: BarCode = 1
churn bar: BarCode = 2
weak climax churn bar: BarCode = 3
weak climax bar: BarCode = 4
weak churn bar: BarCode = 5
low volume bar: BarCode = 6

If you wish to check for a climax bar:
 
Code
if (anaBetterVolume(int longPeriod, int shortPeriod).BarCode[0] == 1)
// do something

If you wish to check for a climax churn bar:
 
Code
if (anaBetterVolume(int longPeriod, int shortPeriod).BarCode[0] == 0)
// do something

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Fat Tails View Post
A hig volume wide range bar could be a climax or breakout bars. The breakout bar is a continuation pattern. The climax bar is a reversal pattern. You can compare this to breakaway, runaway and exhaustion gaps. You need to trade these signals in the context of the market.

The indicator exposes the BarCode as follows:

climax churn bar: BarCode = 0
climax bar: BarCode = 1
churn bar: BarCode = 2
weak climax churn bar: BarCode = 3
weak climax bar: BarCode = 4
weak churn bar: BarCode = 5
low volume bar: BarCode = 6

If you wish to check for a climax bar:
 
Code
if (anaBetterVolume(int longPeriod, int shortPeriod).BarCode[0] == 1)
// do something

If you wish to check for a climax churn bar:
 
Code
if (anaBetterVolume(int longPeriod, int shortPeriod).BarCode[0] == 0)
// do something

Hi Fat Tails,
I would love if I can use it in the Market Analyzer ???? can it be ???

Thanks

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  #129 (permalink)
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billsingh View Post
Hi Fat Tails,
I would love if I can use it in the Market Analyzer ???? can it be ???

Thanks

This would require a modification of the code. The indicator uses an IntSeries to store the bar code. The market analyzer cannot read that IntSeries. Replacing the IntSeries with a DataSeries or transparent plot should do.

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  #130 (permalink)
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Fat Tails View Post
This would require a modification of the code. The indicator uses an IntSeries to store the bar code. The market analyzer cannot read that IntSeries. Replacing the IntSeries with a DataSeries or transparent plot should do.

Hi Fat Tails, is it lot of work to add IntSeries or Transparent plots ???

Thanks in advance.

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