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@Assaya: None of the inidcators uses bid/ask volume.
The Better Volume indicator by Emini-Watch uses uptick/downtick volume.
My indicator is a simplified version and uses total volume.
NinjaTrader does not provide upticks and downticks for any bar types. It is possible to calculate them, but in that case a secondary bar series of 1-tick data would have to be loaded by the indicator.
Did you compare the TradeStation BetterVolume indicator to the NinjaTrader version (use DTN/IQ, Kinetick or eSignal)?
This one has reusable instances of the SMA, MIN and MAX classes.
Various uses of the double (10 significant digits) data type have been replaced with the integer (no decimal places, applicable to volume) and float (7 significant digits) data types. Calculations carried out to an excessive degree of precision unnecessarily consume resources with absolutely no benefit.
It would be possible to get uptick and downtick volume by making this indicator a subclass of the GomRecorder. If using Ninja Tick Files, no recorded Gom Data would be needed.
Exported using NT Version 7.0.1000.26
This is a simple version of the Better Volume Indicator from www.emini-watch.com. It is not based on the later versions but the original version and identifies the following events
Breakout or Climax Bars: A …
The zip file includes both the standard version and a paint bar version, which does not show the volume bars, but triggers the sound alerts. The sound files are also included with the zip file.
Fat Tails & other contributors thank you for the great indicator.
My only problem is that the last version seems to lack the low volume sound filter, so it triggers at the start of every new bar.
Thanks again.
@nasta: Thank you for pointing to the problem. I had set a false parenthesis which caused the indicator to trigger an alert for the first tick of every bar with setting COBC (CalculateOnBarClose) = false.
It should now work as expected. Do not hesitate to come back, if you have any further observations. The updated indicator can be downloaded here:
Exported using NT Version 7.0.1000.26
This is a simple version of the Better Volume Indicator from www.emini-watch.com. It is not based on the later versions but the original version and identifies the following events
Breakout or Climax Bars: A …
