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NinjaTrader
Volume Ratio
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Volume Ratio
Hi, is there "Volume Ratio" indicator available for NT? TradeStation has it and it is plotted as an oscillator with a zero line in the middle. I know NT has BuySellPressure and BuySellVolume but Volume Ratio is likely computer differently than either one of these. thanks.Tags: None
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Here is more info on this indicator. Will it be possible to add it to NT?
Input Information
AvgLength Numeric 14
Factor used in calculating the Volume Oscillator.
UpVolAlertPct Numeric 5
Value at which the alert for "Up" ticks is triggered.
DnVolAlertPct Numeric -5
Value at which the alert for "Down" ticks is triggered.
ColorNormLength Numeric 14
Number of bars over which to normalize the indicator for gradient coloring.
UpColor Numeric Yellow
Color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.
DnColor Numeric Cyan
Color to use for indicator values that are relatively low over ColorNormLength bars.
Set to -1 to disable gradient color plotting.
The Volume Ratio indicator calculates an exponential moving average of the ratio between up and down volume. The exponential average is then plotted as an oscillator around a zero line.
Volume can provide insight into the strength or weakness of a price trend. This indicator plots positive values above the zero line, and negative below. A positive value suggests there is enough market support to continue to drive price activity in the direction of the current trend. A negative value suggests there is a lack of support and prices may begin to become stagnant or reverse.
Plot Information
Number
Name
Default Color
Description
Plot1
VolRatioAvg
Yellow/Cyan
Plots the Volume Ratio value.
Plot2
ZeroLine
Dark Green
Plots a reference line at zero.
When applied to a chart, this indicator contains two plots, displayed in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.
Note This indicator only returns significant results when applied to bars with a time interval of tick or intraday.
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