Demand Index

[billm]

Has anyone coded the Demand Index designed by James Sibbet?

[NinjaTrader_Bertrand]

billm, unfortunately I'm not aware of one already posted, have you checked into the sharing section already?

http://www.ninjatrader-support2.com/vb/forumdisplay.php?f=37

[billm]

Hello Bertrand, yes, I searched and found nothing posted. As it is a less popularized calculation from the days of computrac maybe its value has been overlooked?

[NinjaTrader_Bertrand]

Might be, I don't think it's that popular - if you have the formula and want to give it a shot, here are the indicator coding tutorials - http://www.ninjatrader-support.com/H...verview18.html

[ADX Trader]

I have used the Demand Index for years and find it helpful at divergent bottoms (i.e. BA on 06/07/2010). I am converting from TradeStation, have the TS2ki code and would be thankful if someone can code it in NT

[[email protected]]

Coded Demand index for NT 7.0

Has anyone coded the Demand Index designed by James Sibbet?

This is the Coded from another platform, can some one coded it for NT7.0

#

declare lower;

input length = 5;

def wClose = (high + low + 2 * close) * 0.25;
def wCRatio = (wClose - wClose[1]) / Min(wClose, wClose[1]);
def closeRatio = 3 * wClose / Average(Highest(High, 2) - Lowest(Low, 2), length) * AbsValue(wCRatio);
def volumeRatio = Volume / Average(Volume, length);
def volumePerClose = volumeRatio / exp(Min(88, closeRatio));
def buyP;
def sellP;
if (wCRatio > 0) {
buyP = volumeRatio;
sellP = volumePerClose;
} else {
buyP = volumePerClose;
sellP = volumeRatio;
}
def buyPres = if IsNaN(buyPres[1]) then 0 else ((buyPres[1] * (length - 1)) + buyP) / length;
def sellPres = if IsNaN(sellPres[1]) then 0 else ((sellPres[1] * (length - 1)) + sellP) / length;
def tempDI;
if ((((sellPres[1] * (length - 1)) + sellP) / length - ((buyPres[1] * (length - 1)) + buyP) / length) > 0) {
tempDI = - if (sellPres != 0) then buyPres / sellPres else 1;
} else {
tempDI = if (buyPres != 0) then sellPres / buyPres else 1;
}
plot DMIndx = if IsNaN(close) then Double.NaN else if tempDI < 0 then -1 - tempDI else 1 - tempDI;
plot ZeroLine = 0;

DMIndx.setDefaultColor(GetColor(1));
ZeroLine.SetDefaultColor(GetColor(5));

[nkhoi]

This is the Coded from another platform, can some one coded it for NT7.0

#

declare lower;

input length = 5;

def wClose = (high + low + 2 * close) * 0.25;
def wCRatio = (wClose - wClose[1]) / Min(wClose, wClose[1]);
def closeRatio = 3 * wClose / Average(Highest(High, 2) - Lowest(Low, 2), length) * AbsValue(wCRatio);
def volumeRatio = Volume / Average(Volume, length);
def volumePerClose = volumeRatio / exp(Min(88, closeRatio));
def buyP;
def sellP;
if (wCRatio > 0) {
buyP = volumeRatio;
sellP = volumePerClose;
} else {
buyP = volumePerClose;
sellP = volumeRatio;
}
def buyPres = if IsNaN(buyPres[1]) then 0 else ((buyPres[1] * (length - 1)) + buyP) / length;
def sellPres = if IsNaN(sellPres[1]) then 0 else ((sellPres[1] * (length - 1)) + sellP) / length;
def tempDI;
if ((((sellPres[1] * (length - 1)) + sellP) / length - ((buyPres[1] * (length - 1)) + buyP) / length) > 0) {
tempDI = - if (sellPres != 0) then buyPres / sellPres else 1;
} else {
tempDI = if (buyPres != 0) then sellPres / buyPres else 1;
}
plot DMIndx = if IsNaN(close) then Double.NaN else if tempDI < 0 then -1 - tempDI else 1 - tempDI;
plot ZeroLine = 0;

DMIndx.setDefaultColor(GetColor(1));
ZeroLine.SetDefaultColor(GetColor(5));

I always look out for interesting volume indicator, try this.
Edit: just realize this is almost 10 year old thread.

[NinjaTrader_JoshG]

This indicator has been converted to NT8 and can be found at the following link:
https://ninjatrader.com/support/foru...=7&linkid=1091