BuySellVolume modification

[samiam30]

Would it be posible to modifiy this indicator so it would plot sell volume (red part of the bar) on top of buy volume (green part of the bar) on bars where there is more sell volume than buy volume.

[NinjaTrader_Ray]

Yes this is possible, just copy this indicator, open the source code and take a look and reverse the relevant areas.

[samiam30]

I don't really know how to code this (my programing skills are nonexistent):

if sell volume > buy volume - plot sell volume on top of the bar (red on top)
if buy volume > sell volume - plot buy volume on top of the bar (green on top)

Someone familiar with NinjaScript could probably do this in a heartbeat (hint ).

[NinjaTrader_Ray]

Yes, you would need to be able to some programming. Christmas is not too far off, maybe someone will help

[samiam30]

This is how the Tradestation version of this indicator looks like:

[ClayB1]

Hi Samiam30,

I had a go at modifying the BuySellVolume indicator code to plot the way you want, but no luck. I had a friend of mine take a quick look at it too. He's been an assembler programmer for 25 years, but knows a lot of other languages as well. He couldn't follow the logic either, so I don't feel so bad

So sorry, but no Christmas present from me this year. Perhaps someone else will accept the challenge.

[samiam30]

Thanks for giving it a try.

[samiam30]

A video on how to use this indicator.

(source: www.TradersLaboratory.com)

[sbgtrading]

Hello Samiam,

Attached below, you'll find a BETTER shot at this modification.

I modified the BuySellVolume indicator to display a positive histo and a negative histo, thereby eliminating the overlap/obscuring problem. I know this isn't quite what you were looking for, but until I can figure out how to change the color of individual histo bars on the fly, this will have to suffice.

Enjoy!

Ben

[samiam30]

Thanks for taking a shot at this. I'll try it out and report back.

[sbgtrading]

...and thank you for the post to www.traderslaboratory.com, the free videos on tape reading, TICK and TRIN are informative. I know of one outfit that teaches you tape reading (but charges $6,000 for it).

Also, I'll work on an indicator that duplicates what your video link shows (a red dot on up-bars with greater sell than buy volume, and a green dot on down-bars with greater buy than sell volume).

Ben

[samiam30]

My primary concern is that the GREEN bar will overpaint and totally obscure the RED bar (or vice versa). Keep an eye on this possibility and report back to me if possible.

After testing the indicator this does indeed appear to be a problem (when sell volume > buy vollume the sell volume bar paints over the buy volume bar).

[sbgtrading]

Take a look at Post #9 in this thread...I updated the attachment.

Let me know what you think about the indicator.

Ben

[samiam30]

This is good stuff. Thanks a million.

I know I'm pushing my luck but could you do a version of this indicator that plots the buy/sell volume delta (delta = buy volume - sell volume) as line chart.

Something like this:

[sbgtrading]

I've posted the indicator you requested on this thread:

http://www.ninjatrader-support.com/vb/showthread.php?p=20970#post20970

Let me know what you think!

Ben