Buy Sell Volume

[dvercher]

Hello,

How can interpret the buy sell volume you have in Ninja Trader Indicators??

Thanks

Daniel

[NinjaTrader_Joydeep]

Hello Daniel,
Thanks for your post and I am happy to assist you.

Please use the Power Volume indicator to determine buy sell volume http://www.ninjatrader.com/support/h...indicators.htm

Please refer here to put an indicator on the chart http://www.ninjatrader.com/support/h...indicators.htm

Please let me know if I can assist you any further.

[NinjaTrader_Kyle]

Hello Capeya,

Thank you for your post.

It is true that the BuySellVolume indicator does not consider trades which execute between bid/ask price. That said, I don't totally understand what you mean when you say that 'it can indicates a total of more than that.' Can you provide me with an image of your chart which shows an example?

o send a screenshot press Alt + PRINT SCREEN to take a screen shot of the selected window. Then go to Start--> Accessories--> Paint, and press CTRL + V to paste the image. Lastly, save as a jpeg file and attach the file to your reply.

[NinjaTrader_Kyle]

Hello,

Thank you for clarifying.

The display of the BuySellVOL indicator does not have an impact on Volume bars themselves - only the display of the indicator is effected by the item which we've discussed.

[Psy_4X]

Checking against the T&S

Hello,

I am trying the same test Capeya did, only on a 50 volume chart. As expected volume bars stay constant =50, while BuySellVol dwindles anywhere below 50.

But the Time&Sales indicates that no trades occurred in between the bid and the ask (row should have brown background), so in theory all BuySellVol should add to 50.

To be sure: my data provider has already moved to new Cme MDP 3.0.

What am I missing?

[NinjaTrader_PatrickH]

Hello Psy_4X,

Thank you for your post and welcome to the NinjaTrader Support Forum!

The BuySellVolume takes the Volume and displays how much of it was buys or sells. This would still equal the total of the Volume. So 25 is accurate. It is only a visual representation of the volume, and not a display of the number of sell or buy volume.

Please let me know if you have any questions.

[Psy_4X]

Hello Psy_4X,

Thank you for your post and welcome to the NinjaTrader Support Forum!

The BuySellVolume takes the Volume and displays how much of it was buys or sells. This would still equal the total of the Volume. So 25 is accurate. It is only a visual representation of the volume, and not a display of the number of sell or buy volume.

Please let me know if you have any questions.

Patrick,

thank you for your reply, but I'm not getting what "25" do you refer to?

My problem is precisely that BuySellVolume almost never displays the correct number of contracts traded in each bar.

[NinjaTrader_PatrickH]

Hello Psy_4X,

Thank you for your response.

In your screenshot, the BuySellVolume is resting at 25, correct?

[Psy_4X]

Hello Psy_4X,

Thank you for your response.

In your screenshot, the BuySellVolume is resting at 25, correct?

The bar in formation is resting at 25.

But if you look at the previous ones, the BuySellVolume bars (panel 3, cyan and magenta bars) are always shorter than 50.
I know this could happen in case of trades executed between the bid and the ask price. Such events, though, should appear in the Time and Sales (in my case the row should have a brown background), but there is none.

[NinjaTrader_PatrickH]

Hello Psy_4X,

Thank you for your response.

This should not be occurring as the BuySellVolume is just a variant display of the VOL indicator.
Please send me your log and trace files so we may investigate this matter further. You can do this by going to the Control Center-> Help-> Mail to Platform Support. Please reference this thread in the subject line: "http://www.ninjatrader.com/support/forum/showthread.php?t=47439"

[Psy_4X]

Indicator not working on MDP 3.0

Thank you all at Ninja for your help.

It turned out that the current coding of this indicator is incompatible with the new Cme MDP 3.0 protocol.

I hope you will find the resources to fix it.

[NinjaTrader_PatrickH]

Hello Psy_4X,

We are looking into this, thank you for bringing this to our attention.

[richa61416]

Error in BUYSELLVOLUME Cal

Any indication as to when the BuySellVolume will display the correct information during market open.
If I download the market replay data and play it forward, BuySellVolume indicator displays fine on my 512 Volume chart. During the market open with real data flowing into Ninja, it loose the data somewhere. I get a 512 Volume bar chart displaying new bars, but the BUYSELLVOLUME indicator some times has as low as 380 total volume traded. Is there something now counted during market open?

[NinjaTrader_CodyB]

Hello,
Thank you for your post.
It looks like your chart has the NinjaTrader 8 UI,
Can you clarify if you are using NinjaTrader 8 or NinjaTrader 7?
I look forward to your reply.

[richa61416]

I am not blessed to be using the NINJA 8 Beta. Can you hook me up?
What the issue appear to be is the following.
double tradeVol = previousVol == 0 ? Volume[0] : Volume[0] - previousVol;
if (Close[0] >= GetCurrentAsk())
buys += tradeVol;
elseif (Close[0] <= GetCurrentBid())
sells += tradeVol;

Logic cannot account for market orders.

There are case I am seeing in the e.marketdata object where price sits in between the bid and the ask.
Tracing on the NQ today
Price was 4418 the ask was 4418.25 and the Bid was 4417.75

the above logic cannot handle this, so the volume comes out less than what was traded.
Hence the reason for the BUYSELLVolume being less than what is traded.