Daily Volume Indicator modification v7

[duck_CA]

i am looking to modify the standard volume indicator on a daily chart using v7.

is it possible to have each hour (using regular trading hours) plot a different color on a single daily volume bar?

so the result would have 7 different colors on a single daily volume bar.

thx!

[NinjaTrader_Brett]

Hello,

Yes this would be possible however this would require a multi series indicator as a daily volume is only reported at the end of the day with daily data and NinjaTrader would have no way to tell what volume occured at what time we only know the End of Day volume number.

To know what time this volume occured you would need to use Minute data. To make it easy you could add a 60 minute dataseries and then on the first tick of a new bar you know that one hour has gone by on the 60 minute data then you could change the plot color using NT's multi color plot approach.

So the answer is yes this can be done however it is not as simple as you would think at first glance as you need to use multi series programming.

Multi-Time Frames:

http://www.ninjatrader.com/support/helpGuides/nt7/multi_time_frame__instruments.htm

Sample MultiColor Indicator approach in NT7:

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=7243&d=1255030561

Let me know if I can be of further assistance.