It is very similar to OEC terminal as i posted screenshot at hte first message, so i make another comparison of Your indicator with Se7en and it seems to be true for volumes, but what depends on the lines in Your indicator? What does the blue shadow mean?
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Volume by price indicator
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Just throw the VolumeZones indicator onto a chart. You will see how it moves when the chart scrolls back in time.
As far as your question in post 3. It is evident that most of us do not know what you have on your screenshot. It is not something we can just look at and know exactly what it is.
Cumulative volume indicator requires live data also...it accumulates volume (buy and sell volume) as it comes in live, which is the limitation of NinjaTrader. To make it work with historical data, it would require a ton of programming and database work. First, all the tick-volume data would need to be in a database or flat file of our design, then the indicator could be rewritten to access that historical data since it is unavailable from NinjaTrader's data files.
The histogram bars in CalculateValueAreaHisto indicator are based loosely on the Market Profile class of indicators.
It is very similar to OEC terminal as i posted screenshot at hte first message, so i make another comparison of Your indicator with Se7en and it seems to be true for volumes, but what depends on the lines in Your indicator? What does the blue shadow mean?
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alexmaster,
If the VolumeZones does not meet your needs then you will need to custom program your own indicator.
As sbgtrading mentioned earlier all of what you want requires custom programming. This is something that can be done, but will be an extensive exercise. As a last resort you can also try contacting a 3rd party NinjaScript Consultant to get the programming done for you: http://www.ninjatrader.com/webnew/pa...injaScript.htm
From your original screenshot, we do not know what it is or the interpretation of anything for that indicator. You will probably want to go back to where you got that screenshot from and ask them there.Josh P.NinjaTrader Customer Service
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Originally posted by alexmaster View PostOk, sbgtrading, will You explain me the work of Your inicator. Is it based on volumes?
Yes, the histogram does show volume at price when the user selects VOC or VWTPO (see the descriptions of the profile types below). Volume is disregarded when the user selects TPO.
1) VOC - This method loads all the volume of a bar onto the closing price of that bar.
e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a close at 1534.25, then all 280 hits of volume are loaded onto the 1534.25 closing price.
2) TPO - This method disregards volume altogether, and gives a single hit to each price in the range of the bar.
e.g. A 5-minute bar has a range of 1.5 points with a High at 1534 and a Low at 1532.5, then 1 contract (or "hit") is loaded to the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534
3) VWTPO - This method distributes the volume of a bar over the price range of the bar.
e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a High at 1534 and a Low at 1532.5, then 40 contracts (=280/7) are loaded to each of the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534
The blue shaded area that's generally in the center of the histogram is the "Value Area". It shows where a certain (large) percentage of the histogram data can be found and is based on the Value Area that is typical of Market Profile type indicators and formula.
Let me know if you have any questions! Again, thanks for your patience.
Ben
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Hi sbg is there a way to use 1-tick data for more accuracy on this indicator, ??? let me know please
thanks
daniel
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Hello Daniel,
Yes, I believe so...it would be a multi-timeframe indicator, which means it would only run in NT 7.0.
I will be willing to pursue this development once NT 7.0 becomes a more stable release.
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