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NT8 Volume zones

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    NT8 Volume zones

    Hi guys!

    Is there someone to clear me out on this idea?
    I have the indicator Volume Zones on 5 different charts, with 5 different timeframes - from one minute to five - see the picture attached. I have loaded only one day, yesterday, 17.06.2021

    There are no 2 indicator prints identical - is this ok? I think not!

    The data behind is raw, not splitted in timeframes. There should be the same thing on all the prints, as I am seeing the whole day.

    There is something wrong here... the print from the volume is quite the same, same highs, same print etc...
    This indicator is promoted to work best with historical data...

    Is this a workaround to make the paid version of volume profile worth?

    And may I ask, which one is the closest to reality?



    Thanks!
    Attached Files
    Last edited by nailui; 06-18-2021, 07:52 AM.

    #2
    Hello nailui,

    Thank you for your note.

    I was able to test on my end and do see slight variations as well.

    This would be expected based on how the Volume Zones function.

    The bar for the Volume Zone at a particular level is the cumulative volume for what price that falls within the range of that particular zone bar visually.

    With 5 different time frames the bars will vary slightly in return the Zone Bars will vary slightly.

    You may review the Volume Zone description by going into the Indicators window, select the Volume Zone and then left-click on the i in the top right corner of the 'Available list.

    Alternatively if you use the generic 'Volume Profile' with Tick Replay enabled on each chart the Profile will be identical between the 5 charts.





    Spencer F.NinjaTrader Customer Service

    Comment


      #3
      Hi,

      I've done a replay for the 17th and got this print from the Volume Profile... None of the above looks the same...

      So the Volume zones has zero accuracy...
      Attached Files

      Comment


        #4
        Hello nailui,

        Thank you for your post.

        To clarify The Volume Zones indicator is plotting a similar graphic but using different parameters.

        Volume Zones plots a histogram graph using a range of price to build a bar of cumulative volume where the Volume Profile is the volume at each specific price.

        Spencer F.NinjaTrader Customer Service

        Comment

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