Thanks for prompt reply, One thing i need to learn from your temp, how to read verticle scale in right hand side of chart which changes red, green or yellow, is this volume indication or buying pressure etc, pl advise, Thanks in anticipation,
You'd have to ask Sharky (forum member). I think he modified his original indicator jt stats that he posted in the Downloads / NinjaTrader / Indicator section of this forum. You might want to download / check out the original jt Stats indicator. It's a bit more comprehensive, but clutters up the chart somewhat. His RealStats_Sharky is cleaner & gives some of the same information.
Here is the description he listed for the jt realstats indicator:
Realtime levelII/Tick Volume Version 1.5 - 3/1/09
This indicator combo displays real-time Level II market data as well as up/down volume by tick for the current bar on the main chart panel. It works on any instrument, time-frame and chart type.
The Level II data is displayed to the right of the price bars as a horizontal histogram that extends out over the price bars. The histogram bars are color coded to visually identify the corresponding bid/ask levels. The price axis of the chart is used to show the price of each bid/ask level. In addition, the actual size of bids vs. asks at each level as well as a total bid/ask is printed down the right side of the histogram.
The second indicator included in this combo displays volume as a vertical progress-like bar to the right of the Level II histogram. This indicator displays the volume of the current bar. It shows, by tick, how much volume is occurring above, at and below the previous bar's closing price. It does this using three configurable color bars representing the relative proportion of the underlying volumes. The actual over/under volume count is displayed at the top and bottom of the bar.
These indicators only support live data and will not plot historical data.
Version 1.4 Changes:
1) Added current bar bid/ask volume option
2) Added level II bid/ask ratio
3) Added Strength indicator based on high/low/same volume and bid/ask ratio.
4) Added price line to make it easy to follow price movement through the histogram.
5) Other readability changes.
Version 1.5 Change:
1) All colors are now customizable.
Version 1.5.2 Changes:
1) Fixed property persistence issue.
2) Default histogram opacity set to 100
After all, it's what you learn AFTER you know it all, that counts!
Wizard, thanks for a very valuable information,
sharky! thanks for a very valuable update, looks to me like a delta volume indicator, you guys are awsome, i will keep you updating my trading log and ask question as time passes.hope you huys will keep this thread alive till logical,most precise and optimum entries are achieved through this set up, thanks once again