New Price Volume Histogram

[ivatan1962]

I've written an indicator that displays volume per price tick in a variety of modes.

Thanks to NT support for answering my initial questions to get me started.

Indicator download found here:

http://www.ninjatrader-support2.com/vb/local_links.php?linkid=214

Use this thread for feedback so I can respond to issues that may arise.

http://www.ninjatrader.com/support/forum/local_links_search.php?action=show&literal=1&search=tpo&desc=1

[Robertp75]

Thank you Fred! I'm sure the community will appreciate this.

Hello Austin!

Is there a possibility to receive a volume figure per price and for every minute?

Many thanks.

Cheers!

Rob

[CriticalTrader]

paulg, you may want to consider evaluating the CDA_VolumeProfile indicator. it's pretty feature-rich and supports session, micro-composite, and full composite profiling on a chart of any market, time-frame and session template, with a single instance of the indicator. this indicator is strictly volume-at-price profiling, not TPO (time-at-price) profiling.

[Midas]

Does anyone have any input on this? The link is dead as mentioned.

Hi Matt3M

You can find similar inicators here

http://www.ranchodinero.com/blog/

or
try the gomi set of indicators on here

http://www.bigmiketrading.com/

or here

http://www.criticaldata.com/index.php/products-3/volume-profile

[matt3m]

Does anyone have any input on this? The link is dead as mentioned.

[Jbarn]

To Fred or anyone in the know, do you know where the version 7 of this study can be found? The above website (discretionary....) seems to be a dead link. Thanks for the help.

[fwalton]

New version available (finally!)

After a great deal of effort a new version of Price Volume Histogram is ready for distribution.
It is completed re-written for improved performance, accuracy, and of course, NT 7 compatibility.

As part of the process we have associated with NinjaTrader as a Partner, and will be offering indicators and other trading tools as the company 'Discretionary Trading Systems'. Look for the 3rd Party Partner announcement in an upcoming weekly broadcast email from NinjaTrader.

To get started now, check out our website, http://www.DiscretionaryTradingSystems.com, for current NT 6.5/7.0 indicators and other product offerings in the pipeline for future delivery.

Looking forward to providing you with valuable indicators for the NinjaTrader platform.

Fred Walton,
Discretionary Trading Systems.

[fwalton]

Thankyou NT_Josh/

Fwalton- can you help with this error.

8/23/2010 7:06:25 PM|3|4|OnBarUpdate() Error: Object reference not set to an instance of an object. Instrument:'BIDU' CurrentBar:100 Date:'8/23/2010 12:00:00 AM' Bars.Count:101

What version are you using this against?
I'll assume NT7 because there is a significant issue with the new version.
Unfortunately some core properties in NT7 have changed behavior compared with NT6.5
An escalation to resolve the issue is in progress.
No ETA for resolution yet...

[mystiq]

mystiq,

Such a message is usually indicative of a bug that will need to be looked at by the author of the script. It could have adverse effects on the running of the script.

Thankyou NT_Josh/

Fwalton- can you help with this error.

8/23/2010 7:06:25 PM|3|4|OnBarUpdate() Error: Object reference not set to an instance of an object. Instrument:'BIDU' CurrentBar:100 Date:'8/23/2010 12:00:00 AM' Bars.Count:101

[NinjaTrader_JoshP]

mystiq,

Such a message is usually indicative of a bug that will need to be looked at by the author of the script. It could have adverse effects on the running of the script.

[mystiq]

OnBarUpdate error

...when the indicator is used the log shows:
OnBarUpdate error object reference not set to an instance of an object-

is this normal?

[smeagol]

Hi Fred,

Any update for the NT7 version?

[fwalton]

Fred,
The version you posted under the NT7 section, is a preview of your late July, or it's actually the 1.3 release?

I've no idea how the listing got cross-posted to the Version 7 category since I did not do it.
To answer your question, no, it is not a new version, but rather version 1.3 which has been available for a few months to work with NT 6.5.

» Fred «

[paulg]

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 «

Fred,
The version you posted under the NT7 section, is a preview of your late July, or it's actually the 1.3 release?

[mystiq]

extreme ends

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 «

...so if i plot a 30min chart, the max price would be VAH and the min price would be VAL? for the specified date range...and the same if i plotted a Daily chart?

ALSO what does this error represent?
OnBarUpdate() Error: PriceVolumeHistogram.DrawRectangle: startBarsAgo must be greater/equal 0 but was -3 Instrument:'BAC' CurrentBar:252 Date:'7/14/2010 12:00:00 AM' Bars.Count:253