Price Volume Trend

[warrior]

Hi, is Price Volume Trend (PVT) indicator available for Ninja? It seems quite interesting and shows quite a bit improvement over other similar indicators. Take a look at this: http://chartfilter.com/reports/c36.htm

If not, I will appreciate if anyone in the community can build and share in spare time. thanks in advance.

[NinjaTrader_JoshP]

Most of the community available indicators are located in the File Sharing section. If you haven't already, please try giving that a shot.

[warrior]

Thanks Josh, no did not find it in forum, hence the request.

[thrunner]

Hi, is Price Volume Trend (PVT) indicator available for Ninja?

This is very similar to OBV (On Balance Volume) as shown the chart below and the attached indicator. Instead of accumulating the up or down volume in OBV, the PVT is multiplying the volume by the Price rate of change.

Alternatively do the following:
Open the Ninjascript editor for OBV and replace what's in the OnBarUpdate section of the code for OBV with the following and you should have it (save the indicator as something else before compiling:

			if (CurrentBar == 0)
				Value.Set(0);
			else
			{
				if (Close[1] != 0) 
					Value.Set(Value[1]+ (  (Close[0] - Close[1]) / Close[1]  * Volume[0])  );
				else Value.Set ( 0 );
				
			/*	if (Close[0] > Close[1])
					Value.Set(Value[1]+ Volume[0]);
				else if (Close[0]  < Close[1])
					Value.Set(Value[1] - Volume[0]);
				else
					Value.Set(Value[1]);       */
			}

[NinjaTrader_Bertrand]

Thanks for sharing this code thrunner!

[warrior]

thanks thrunner!

[sbgtrading]

Hey Warrior,

I got your private message...but when I tried to respond to it, apparently your private message folder is full and you cannot accept more messages.

To answer your question about the Multi-Timeframe moving averages:

Yes...visit the website wikipage below, and look under the Multi-Timeframe moving averages page
http://sbgtrading.wiki.zoho.com

There's short screencast video link on the page, it covers the operation of the moving averages in some detail. These moving averages accomplish exactly what you're looking for.

Let me know if you have any questions! Email me at [email protected]

Thanks,
Ben

[mrlogik]

Hey Ben.

Are your MTF indicators back testable, or do they only work in real time?

Thanks.