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

  #81 (permalink)
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@Fat Tails

On the emini-watch homepage it says:

Quoting 
The Better Volume Indicator – My Secret to Analyzing Volume
Volume Climax Up bars are identified by multiplying buying volume (transacted at the ask)
with range and then looking for the highest value in the last 20 bars (default setting).
Volume Climax Up bars indicate large volume demand that results in bidding up prices. The
default setting is to color the bars red.

Does your indicator use the bid/ask volume as well, or does it use overall volume to calculate the climatic/stopping action?

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  #82 (permalink)
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Assaya View Post
@Fat Tails

On the emini-watch homepage it says:


Does your indicator use the bid/ask volume as well, or does it use overall volume to calculate the climatic/stopping action?


@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)?

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  #83 (permalink)
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Fat Tails View Post
Did you compare the TradeStation BetterVolume indicator to the NinjaTrader version (use DTN/IQ, Kinetick or eSignal)?

No, I did not. But would be interesting to see if there is any significant difference.

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  #84 (permalink)
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Optimized Version

Here is a candidate for release as Version 1.3.

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.

Attached Files
Register to download File Type: cs anaBetterVolume.cs (26.5 KB, 182 views)
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  #85 (permalink)
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Zondor View Post
Here is a candidate for release as Version 1.3.

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.

Could have done that myself, but you are entirely right.

The modified version could be coded by using NinjaTickFile, but it would require to load a secondary bar series of 1 tick data.

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  #86 (permalink)
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Update BetterVolume Indicator

I have now updated the indicator in the download section.

The new version implements most of the suggestions by @Zondor, although I did not replace double with float variables.

However, I have further improved it, by calling the particularly slow NinjaScript methods MAX and MIN only with the first tick of each bar.


The updated indicator can be found here:

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


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.

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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.

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Update Better Volume


nasta View Post
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:

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

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Notifications sent.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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