Trade Volume Index

[carlton]

Hello Ninjas,

Can someone please tell me if an indicator has been developed for the Trade Volume Index?

If not can someone please assist me in creating the index. Its calculated as follows:

How to Calculate the TVI

The trade volume index is calculated by using the following formula
MTV = Minimum Tick Value

Change = Price minus the extreme price since direction changed

If Change is greater than MTV, then Direction = Accumulate

If Change is less than MTV, then Direction = Distribute

If Change is less than or equal to MTV and Change is greater than or equal to MTV, then Direction = Last Direction

Lastly, we must calculate the TVI, which is simple once you know the Direction.

If Direction is Accumulate, then TVI = previous TVI + Volume

If Direction is Distribute, then TVI = previous TVI – Volume


This will be greatly appreciated..

Cheers

CArlton

[NinjaTrader_Bertrand]

Hi Carlton, unfortunately I'm not aware of this being already created for NT - you could step through our sharing section and see if anything comes close as a starting point :

http://www.ninjatrader.com/support/forum/forumdisplay.php?f=37

[carlton]

Hi Bertrand Thanks for responding. I haven't seen it anywhere. Is it possible for someone at Ninja to help develop the indicator? Cheers

[NinjaTrader_Bertrand]

We could unfortunately not custom develop this here, but a range of NinjaScript consultants is available for professional custom programming:

http://www.ninjatrader.com/partners#NinjaScript-Consultants