Identify Buying & Selling Activity with Trade Detector

trade detector indicator

NinjaTrader’s Order Flow + Trade Detector indicates when and at what price large trading volume occurs helping traders identify market opportunities. By viewing markers indicating where substantial volume has occurred, traders can gauge potential support & resistance areas and fine-tune entries & exits.

Spot Market Opportunities with NinjaTrader’s Trade Detector:

3 Modes of Calculation

The Order Flow + Trade Detector features 3 unique calculation modes, each drawing attention to high volume events based on different criteria. Below is the same period of price action in Micro E-mini Dow futures (MYM) with the Trade Detector applied, shown 3 ways. To help make the markers more noticeable, the hollow candlestick chart style has been selected.

  1. Consistent Bid/Ask: This mode only highlights areas of significant volume where the bid and ask price remained the same.

  1. Price: This mode highlights just the high-volume events which occurred at a specific price level.

  1. Block: This mode only highlights large volume occurrences from individual ticks.

Not only does the Order Flow + Trade Detector indicate where considerable volume has traded, it provides a visual breakdown of buying vs selling volume within each marker.

Hovering your mouse pointer over a Trade Detector marker will display the following information:

  • S = Sell volume
  • B = Buy volume
  • V = Total volume
  • P = Price level where this activity occurred

Combine with Market Depth Map

The Trade Detector pairs well with the Order Flow + Market Depth Map for confirming signals as well as strengthening trade ideas. This 1-2 punch of NinjaTrader’s powerful order flow tools provides additional visibility into order flow activity and can help traders identify potential opportunities in the market.

In the Crude Oil futures (CL) chart above, resistance was spotted in with the Market Depth Map before a high-volume event – predominantly buying – was indicated with the Trade Detector. Next, the resistance disappeared and a move to the upside could be seen.

Like other chart indicators, the way the Trade Detector is used will vary based on the trader and analysis approach. False signals can occur.

Interactive Training Resources

NinjaTrader is designed to be used by all levels of traders from novice to expert. Workspaces, charts, templates, watch lists, and more can be customized to your trading style and approach. Our New User Video Guides provide quick tutorials and tips to help you get up and running.

For more in-depth training and videos, the NinjaTrader 8 Help Guide can be found here. The Help Guide can also be accessed through the NinjaTrader platform by pressing F1 on your keyboard. This action will trigger the Help Guide section pertaining to the last window used in NinjaTrader.

The NinjaTrader User Forum is also a great resource to collaborate with a community of NinjaTrader enthusiasts, programmers and our support team.

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