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5 New Volumetric Bar Enhancements

new features ninjatrader volumetric bars order flow orderflow volume profile

In our continued effort to provide industry-leading technical analysis tools & features, enhanced Order Flow + Volumetric Bars were recently introduced to the NinjaTrader platform. These updates expand the customization opportunities & increase the functionality of this bar type making it even easier to use.

What are Volumetric Bars?

Volumetric bars provide a tick-by-tick footprint style visualization used by order flow traders to determine whether buyers or sellers are more aggressive at each price level. This display can help traders detect order flow imbalance and identify potential trade opportunities.

Details on the 5 enhancements are included below the chart along with quick steps to explore and utilize.

1. Center Candlestick on Plot

Use this feature to position the open/close price candle within the center of the volumetric data. Steps to access:

  1. Right click and select Data Series
  2. Under Chart style, check Center open close bar
  3. Click OK

2. New Size Filter

Streamline your Order Flow + Volumetric bars to only display volume quantities exceeding a user-defined minimum. Steps to access:

  1. Right click and select Data Series
  2. Under Chart style, enter a minimum volume value in the Size display filter field
  3. Click OK

3. Delta Since High and Delta Since Low Bar Statistics

These two new categories of bar statistics calculate the difference between the ask and bid orders since the price touched the high or low or the bar. To display the Delta SH (since high) and Delta SL (since low) in the Bar Statistics for Volumetric Bars, simply:

  1. Right click and select Data Series
  2. Under Chart Style, check Show bar statistics
  3. Check Delta SH and Delta SL
  4. Click OK

4. Calculate Imbalance Horizontally

You can now set your Volumetric Bars to calculate imbalance horizontally as well as diagonally. If buy or sell imbalance is detected, the values will be displayed in different colors and in bold. To enable this change:

  1. Right click and select Data Series
  2. Under Chart style, check Show imbalance
  3. Using the drop-down menu, set the Imbalance mode to Horizontal
  4. Click OK

5. Bar Volume Distribution Graph

A volume distribution graph can now be displayed to the right of each Volumetric Bar. Follow these quick steps to activate:

  1. Right click and select Data Series
  2. Under Chart style, check Show volume
  3. Click OK

How Do I Get Enhanced Volumetric Bars?

Volumetric bars are included with the Order Flow + suite of premium features available for NinjaTrader 8. NinjaTrader users can get started with Volume Profile and the rest of the Order Flow + suite here.

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