Market activity indicator

[dafonseca]

I am developing a indicator to measure instantenous market activity. To do so, I need to compare tick volume with some historic average for the last X days. Supposing now it is 11:03, I might use the last 20 days average volume for 11:00 to 11:05 , divide it by 300 (the numbers of seconds in 5 minutes) and than compare it with tick volume.
What is the best way to do it? Can I create one indicator with different time frames? should I create two different indicators: one for tick volume and another for 5 minutes trailing average volume, and combine them on trategy level?

[NinjaTrader_AdamP]

Hello,

Welcome to the forum!

Yes, you can create a multi-timeframe indicator. An example of a multi-timeframe strategy comes with NinjaTrader by default called "SampleMultiTimeframe". The idea is very similar to doing it in an indicator.

[dafonseca]

Does NT allow me to get bid ask volume from book? I mean from layer 1 to 10? or I can just get first layer?

[NinjaTrader_AdamP]

dafonseca,

You can create your own book :

http://www.ninjatrader.com/support/forum/showthread.php?t=3478

http://www.ninjatrader.com/support/forum/showthread.php?t=5965

If you only need one level of L2 data here you can still use these reference samples and modify them a bit.

[dafonseca]

I ve followed your intractions (link) and download the SampleCustonEvents samples. However when importing it to NT the system says SMA must replace existing SMA indicator and when I overwrite it all strategies begin to present problem.
Is there any new sample to download? I need to build my own book.

[NinjaTrader_Bertrand]

Did you install the dedicated NT7 zip from the links posted?