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Enhanced On Balance Volume Indicator

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    Enhanced On Balance Volume Indicator

    Hi
    Could someone create this enhanced OBV indicator? Here's the link that describes it: http://scientifictrader.com/volume.htm

    It looks to be straightforward and simple, but since i dont know jack about programming, i'll leave it up to the experts. But I think this would be useful to us Ninjatraders.

    I sure would appreciate it, thanks

    jimbo

    #2
    Hi jimbo002,

    Thanks for posting the link.

    If you want this programmed, you can also contact our NinjaScript consultants listed here - http://www.ninjatrader.com/webnew/pa...injaScript.htm
    BertrandNinjaTrader Customer Service

    Comment


      #3
      Originally posted by jimbo002 View Post
      Hi
      Could someone create this enhanced OBV indicator? Here's the link that describes it: http://scientifictrader.com/volume.htm

      It looks to be straightforward and simple, but since i dont know jack about programming, i'll leave it up to the experts. But I think this would be useful to us Ninjatraders.

      I sure would appreciate it, thanks

      jimbo
      Looks like it would be very useful and I'm in the same boat as far as programing . I'll just second it that I'd like to have it available in Ninja
      as well ..... Thanks for posting it .

      Comment


        #4
        Originally posted by NinjaTrader_Bertrand View Post
        Hi jimbo002,

        Thanks for posting the link.

        If you want this programmed, you can also contact our NinjaScript consultants listed here - http://www.ninjatrader.com/webnew/pa...injaScript.htm
        Trouble is ,someone will probably come along and post it for free . Then the
        one who paid for it would feel pretty silly . I'd like to see how it performs on
        intraday time frames as opposed to the daily examples given in the link , but
        not enough to pay hundreds of dollars to do so . I'd write it and post it myself
        ,but it's the same old problem - not a programmer .Some softwares have some
        easy formula language to work with . Oh well .

        Comment


          #5
          Hi T2020, I can see your point...should you want to travel down the NinjaScript route yourself at some point, here are some tutorials to get you started the right way - http://www.ninjatrader-support.com/H...verview18.html
          BertrandNinjaTrader Customer Service

          Comment


            #6
            Thanks Bertrand .
            Perhaps I can go over a section at a time ,when I have some time . I'll
            bookmark the link .

            Comment


              #7
              This formula looks simple enough. I do have one question..

              Formula for improved On Balance Volume

              Cumulative total of (volume * ((high-open) / (high-low))) - Cumulative total of (volume * ((open-low) / (high-low)))

              What does the term "Cumulative total" mean in the description????

              RJay
              Last edited by RJay; 12-13-2008, 02:06 PM.
              RJay
              NinjaTrader Ecosystem Vendor - Innovative Trading Solutions

              Comment


                #8
                Originally posted by rt6176 View Post
                This formula looks simple enough. I do have one question..

                Formula for improved On Balance Volume

                Cumulative total of (volume * ((high-open) / (high-low))) - Cumulative total of (volume * ((open-low) / (high-low)))

                What does the term "Cumulative total" mean in the description????

                RJay
                Far as I know it's just a running sum of volume ,starting with the 1st bar
                of however many days / bars you have loaded in the chart .

                Comment


                  #9
                  Agree, this looks interesting.
                  Hopefully someone will take this on.

                  Thanks in advance.

                  Comment


                    #10
                    Lol

                    Originally posted by NinjaTrader_Bertrand View Post
                    Hi T2020, I can see your point...should you want to travel down the NinjaScript route yourself at some point, here are some tutorials to get you started the right way - http://www.ninjatrader-support.com/H...verview18.html
                    Well , I opened up the Ninja Wizard and got through the 1st tutorial on price
                    variables , so I guess that generated a starting place for the custom OBV,but can't say anything makes sense after that .

                    Comment


                      #11
                      I tried making this when it was first requested and after trying for a while with no success I gave up.

                      I'll post my non-working version as perhaps it may be easier to correct my error(s) than start from scratch.

                      Its certainly frustrating though, when the indicator is only two lines...
                      Attached Files

                      Comment


                        #12
                        More Info:

                        Special notation to totals for prior days.

                        https://www.tradestation.com/Discuss...V_ENHANCED.doc
                        RJay
                        NinjaTrader Ecosystem Vendor - Innovative Trading Solutions

                        Comment


                          #13
                          Originally posted by Elliott Wave View Post
                          I tried making this when it was first requested and after trying for a while with no success I gave up.

                          I'll post my non-working version as perhaps it may be easier to correct my error(s) than start from scratch.

                          Its certainly frustrating though, when the indicator is only two lines...
                          Well , I imported it . Needless to say , I'm clueless . I'm sure Bertrand or Ben
                          could edit it to operation status in 5 minutes . chuckle .

                          Comment


                            #14
                            Originally posted by T2020 View Post
                            ... I'm sure Bertrand or Ben
                            could edit it to operation status in 5 minutes . chuckle .
                            I'm sure too. But just to be clear, the version I uploaded doesn't work, and since I tried a few different things, it could be much father from the actual solution than from where I started...

                            Comment


                              #15
                              Originally posted by Elliott Wave View Post
                              I'm sure too. But just to be clear, the version I uploaded doesn't work, and since I tried a few different things, it could be much father from the actual solution than from where I started...
                              Actually, your version is good, just missing one little (or may be big) thing - whenever you divide something , ALWAYS check your divisor !=0.
                              I corrected your mistake.

                              I attached the same chart (from the informational link) so you can see that calculations are performed correctly
                              Attached Files
                              Last edited by roonius; 01-08-2009, 08:39 PM.

                              Comment

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