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Do the VolumeProfile and BuySellVolume Indicators need Level II?

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    Do the VolumeProfile and BuySellVolume Indicators need Level II?

    Dear NinjaTrader team,


    I really like the idea of Ninjatrader's @VolumeProfile and @BuySellVolume indicators, however they only plot Negative (Red) or neutral (grey - VolumeProfile), I have never seen the indicators show a Buy (Lime colour).


    I understand the indicators plot by analyzing bids and asks in real-time. At the moment I am using the FX Gain feed but I think it only gives the spot price, bid and ask sizes are always equal to 1, maybe that is why I never see Buys (Lime).


    The Questions
    1. If I upgrade to one of the Kinetick FX feeds on offer such as Tenfore, will these indicators finally show BUY (Lime colour)?
    2. Do these indicators need a Level 2 feed in order to work? I.e CME 6e Euro?
    3. Is it possible for a tick based VolumeProfile that would show for upticks and down ticks?
    4. Can I donate to Ninjatrader (Paypal) as I don't have the full version yet?

    < that's me


    Looking forward for your reply,


    Have a great weekend,


    Regards,


    Philip
    Attached Files

    #2
    Originally posted by pip_gmt View Post


    The Questions
    1. If I upgrade to one of the Kinetick FX feeds on offer such as Tenfore, will these indicators finally show BUY (Lime colour)?
    2. Do these indicators need a Level 2 feed in order to work? I.e CME 6e Euro?
    3. Is it possible for a tick based VolumeProfile that would show for upticks and down ticks?
    4. Can I donate to Ninjatrader (Paypal) as I don't have the full version yet?
    Hello pip_gmt,

    Thank you for your post.

    1. I'm not 100% positive about this but will need to wait to the markets open to test this out.
    However, I would expect the Green to show as the indicator due use Bid and Ask data for plots.

    2. They do not require level 2 data to work.

    3. Yes, however this will need to be custom developed as an indicator

    4. You will want to contact platformsales [at] ninjatrader [dot] com for more information

    Let me know if I can be of further assistance.
    Cal H.NinjaTrader Customer Service

    Comment


      #3
      I just tried Tenfore feed and Futures 6e Euro FX.


      The indicators only work properly with Level 2

      and

      thank you for your reply, especially on a weekend.


      Thanks,

      Phil

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