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Here is a modified version. I have not yet tested it with all bar types. I would appreciate, if you did the testing and then give some feedback. Thank you.
Once it is cleared, I will put into the download section.
Fat Tails, apologies for not responding earlier, I've been out of action but now back in the saddle.
I've tried importing your latest version of the bettervolume indicator but get the error message "Import failed. The Ninjascript Archive File may contain duplicate method names that already exist on your PC or there is a required file missing on either your PC or in the import archive.
I think it is not linked to the indicator file, as the install file does come with the required files added.
Maybe there is a problem with your NinjaTrader installation. Could you please open Tools -> Edit NinjaScript -> Indicator, then select any of your indicators, open it and then compile it via F5. Do you get any error messages?
You can also check your log and trace files for further information.
Climax bar: Wide ranging high volume bar. If N is the lookback period, then the product range x volume should be larger than for the last N-1 bars.
Churn bar: Narrow range high volume bar. If N is the lookback period, then the ratio volume/range should be larger than for the last N-1 bars. As the ratio alone does not define a high volume bar, it is also required that the volume of a churn bar be above average.
Climax churn bar: A bar which is both a climax and a churn bar.
Weak climax bars are basically the same as strong climax bars, but the period N is smaller. For a strong climax bar, the default value for the lookback period is N = 20, for a weak climax bar it is only N = 10. The larger the lookback period is chosen, the more important is the climax or churn bar.
Low volume bars: If N is the weak lookback period, then the volume of the low volume bar should be lower than the volume of the preceding N-1 bars.
Other bars: Upclose and downclose bars that neither qualify as climax, churn nor volume bars.
