New Price Volume Histogram

[fwalton]

fwalton

what value/property is the extreme ends of pvh? similar to lvn on market value? for purpose of using alerts when it is reached/touched?

The extreme plotted ends are the max/min prices of the specified data ranges.
Typical histogram distribution across the price range means that the volume at each end is close to zero.

If you are looking for significant volume levels, set the 'ThreshholdPecent' property to 70 which emulates the VAH and VAL levels of Market Profile Theory.

» Fred «

[mystiq]

extreme ends

fwalton

what value/property is the extreme ends of pvh? similar to lvn on market value? for purpose of using alerts when it is reached/touched?

[fwalton]

Can VOC be set to 1 tick close and not minutes close like 1 minute?

thanks

Its theoretically possible, but how usable it would be is the real question.
Take the amount of ticks per minute (100, 1000, more?) and realize that the all computations would have to be made that many times per minute.
Most PCs are not capable of this.
Still, I'll add it to the list of possible future enhancements if there is enough demand for it.

» Fred «

[danieljsalas]

Can VOC be set to 1 tick close and not minutes close like 1 minute?

thanks

[fwalton]

Fred,
Is the NT7 version available? Even a work-in-progress version?
Kumar

The version is working about 90% with all scenarios in NT7.
Tentative initial release to users is in 6 weeks at end of July.

» Fred «

[fwalton]

Will the information on the new distribution channel for the NT7 version be posted in this thread? Thx.

Details on the next generation indicator certainly will be posted here for everyone using the current version and following this thread.

» Fred «

[kumar]

Fred,
Is the NT7 version available? Even a work-in-progress version?

Really appreciate making this valuable indicator avialable to NT community.

Thanks,
Kumar

[bksmm]

- Finally it will be prepared for distribution via a new channel so everyone can easily obtain their desired version and feature set and I can continue to enhance it for all.
» Fred «

Will the information on the new distribution channel for the NT7 version be posted in this thread? Thx.

[fwalton]

Quick question- I noticed the PV Histogram does not match up with the histogram on Interactive Brokers charts. The charts are both from IBs data feed, so why is there a discrepancy? Anyone else have this issue?

Runningman;

While not necessarily apparent, transforming a large quantity of data points into a histogram chart leaves room for subjective interpretation.

See this thread post for some insight into why histograms vary;
http://www.ninjatrader-support2.com/...103#post142103

» Fred «

[fwalton]

I have made this indicator work with NT7, but the author has put license restrictions on it. I will post the fix, but only with his permission.

Dave;
As you've correctly noted, any changes you make to the codebase are for your personal use only.
Thanks for your adherence to the copyright.

Everyone;
The NT 7 version has progressed through the development stage.
- It is completely re-written for improved performance, accuracy
- Compatibility with NT7 features such as logarithmic Y axis is included.
- New features and user settings have been added to the indicator.

- Currently it is undergoing testing.
- Next it will be merged with the NT6.5 version so there is only one codebase to maintain for the NinjaTrader platform.
- Finally it will be prepared for distribution via a new channel so everyone can easily obtain their desired version and feature set and I can continue to enhance it for all.

» Fred «

[DaveS]

I have made this indicator work with NT7, but the author has put license restrictions on it. I will post the fix, but only with his permission.

[runningman]

Quick question- I noticed the PV Histogram does not match up with the histogram on Interactive Brokers charts. The charts are both from IBs data feed, so why is there a discrepancy? Anyone else have this issue?

[bobbethgoo]

Fred, thanks for some great work! Is NT7 version ready?

With beta installations its often a challenge to determine the cause.
First thought is to delete the file
ProgramFiles\NinjaTrader7\bin\Custom\Indicator.Pri ceVolumeHistogram.cs
and re-attempt the download.

However, even if the file is imported successfully, there are further issues due to NT7 enhancements that make the code uncompilable and inaccurate in its plotting.

Substantial re-work is still being done to ensure full compatibility and accuracy with NT7.

» Fred «

[AO76]

The problem with this is you can only look at one day at a time. Is it possible to have a profile for each day? That would really help traders who watch the volume profile.

Regards,

Two ways:
1) Set the 'DataRangeType' parameter to 'VisibleDataOnly' and then drag the chart with your mouse so that the left edge of the current session is at the left edge of the chart

2) Use Ctrl-F to Format Data Series on the chart, and set the 'Days Back' to be '1'

[fwalton]

Fred link seems to be a dead end.

Updated Link:

http://www.ninjatrader-support2.com/vb/showthread.php?p=122897#post122897

(Original Reply)
Two ways:
1) Set the 'DataRangeType' parameter to 'VisibleDataOnly' and then drag the chart with your mouse so that the left edge of the current session is at the left edge of the chart

2) Use Ctrl-F to Format Data Series on the chart, and set the 'Days Back' to be '1'

» Fred «