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NinjaTrader
Calculate Value Area of volume at price
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Originally posted by tony99 View PostI just found your messaga and am new to Ninjatrader. I have the free version. Do these volume charts come standard with NT? And where do i go to find them in NT?
Other indicators can be found by using the "Search" feature...check out the "Search" menu listing above this post.
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Originally posted by sbgtrading View PostJust recently I read a free article on the "Value Area" and decided to write an indicator for it.
Basically, the Value Area is the price range where 70% of yesterday's volume traded. The theory being, if you know where this bulk of volume occurred yesterday, you can see if the market is in balance or out of balance today, and trade accordingly.
I've attached the indicator (V6.5 compatible and NT7.0.0.14 compatible), and I'm also attaching the PDF file that describes its use. The article was written by Larry Levin, but the theory is widely known by professional traders.
It does not work on daily, weekly or monthly bars.
Enjoy!
Ben
NOTE: Enhanced version posted 9/28/09, changes are:
1) Memory allocation limitation removed (will run on any instrument and any daily High to Low price span)
2) Start/stop time can now straddle midnight
I'm wondering which is right and which is wrong. I have changed open hour and minute to 21.35 which is when the ES reopens after the short 20 minute break. This brought it a bit closer to published figures but still not quite there.
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Originally posted by pboyles View PostI was wondering if this could be due to different values being used for the standard deviation.
I've developed a multi-timeframe version of this indicator in NT7...I expect to release it once the platform gets out of beta testing. This multi-timeframe version brings in a 1-tick datafeed in the background, regardless of what your chart timeframe is...therefore the volume profile will always be accurate and the levels should match the "published" values.
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I am new to ninja, and have decided to start with NT7. I'd love to use these indicator on NT7 and seeing that you have already developed them, is it possible that you can send these to me?
many thanks
[email protected]
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Originally posted by sjogia View PostI am new to ninja, and have decided to start with NT7. I'd love to use these indicator on NT7 and seeing that you have already developed them, is it possible that you can send these to me?
many thanks
[email protected]
The NT7 version is available...you can download it from the #1 post on this forum thread.
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What are the proper settings for this indicator for the e mini S&P? I have tried to set it for the globex session but it is quite a bit off published figures for VAH and VAL. For instance today it shows 1134.75 for VAH compared to 1133.25 that I have obtained from another source. Likewise VAL is 1128.75 compared to 1128.25.
I'm wondering which is right and which is wrong. I have changed open hour and minute to 21.35 which is when the ES reopens after the short 20 minute break. This brought it a bit closer to published figures but still not quite there.
ron
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...check your computers file associations perhaps? PDF's need to be associated with Adobe or some other PDF reader. Does the file have a .PDF extension?
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Pdf
Hi SBG, when I download and unzip it shows up as a HTM file for some reason. I even tried it on another computer and no such luck on that either. Is there a pure pdf copy somehwere without zip. It doesn't look a long file. I can see it in HTM but doesn't show the diagrams.
Thanks again
DJ
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My mistake...the ValueAreaHelpGuide.zip contains the HTML file and the folder is the pictures. So put the HTM and the folder onto your desktop...then double-click the HTM file and you'll be able to view it in your browser.
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NOTE: I've changed the ValueAreaHelpGuide.ZIP...it now contains a PDF. So if you want the PDF form of the help guide, you can download it now. Download it from the first post of this thread.
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