Enhanced On Balance Volume Indicator

[jimbo002]

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

[NinjaTrader_Bertrand]

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

[T2020]

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 .

[T2020]

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 .

[NinjaTrader_Bertrand]

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

[T2020]

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

[RJay]

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

[T2020]

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 .

[dwalls]

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

Thanks in advance.

[T2020]

Lol

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 .

[Elliott Wave]

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...

[RJay]

More Info:

Special notation to totals for prior days.

https://www.tradestation.com/Discuss...V_ENHANCED.doc

[T2020]

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 .

[Elliott Wave]

... 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...

[roonius]

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