VolumeSMA on Volume Profile indicator

[halepota]

Hi Guys,

I am new to trading and looking for an indicator for NinjaTrader that would show Volume SMA on volume profile. appreciate your help.

Thanks,

[NinjaTrader_PaulH]

Hello halepota,

Thanks for your post and welcome to the forums!

Can you clarify your needs with what volume profile indicator you are using?

[halepota]

Hi Paul,
I want to use VolumeProfile but I want VolumeSMA line added to the profile. so I can see with histogram line is above and below the average volume.
Thanks

[NinjaTrader_PaulH]

Hello halepota,

Thanks for your reply.

You can add an SMA to volume by using VOL as the input series to the SMA. The attached screenshot shows the VOL indicator has been added to show the volume per par. A 14 period SMA has been added with the input series set to be the VOL indicator. The second screenshot shows the settings of the SMA to have it use VOL as the input series and the panel selection.

[andrei.reiand]

Hi Paul,

Could you please let me know if NT8 brings any new indicators in the Volume-Profile family of indicators? And I'm refering to something like dValueArea, but with better/improved settings perhaps ... and of course, to work on historical data (not like BMT's famous Gomi indicator family - which requires the Gomi Recorder)...

Thanks!

[NinjaTrader_PaulH]

Hello andrei.reiand,

At this point there are no new indicators with Ninjatrader 8, however what is different is that the indicators that were "realtime only" (they would reset upon a chart refresh) now have the option to use tick replay (if checked) on a chart.

Attached is an example of two "power volume" indicators with a chart that is using tick replay feature and the chart is of historical data only (this was not possible with NT7).

[DayTrader12]

Volume Profile Drawing Tool

Hello Ninja Support,

Any chance you could add a drawing tool which would plot a volume profile from a swing high to a swing low like the fib drawing tool does? Several other vendors offer this feature.

Thank you,
DT_12

[NinjaTrader_Jesse]

Hello,

This would certainly be possible in NinjaTrader 8, Drawing Tools can be created in the NinjaScript editor now. This item would not be included by default, but could be created.

I look forward to being of further assistance.

[DayTrader12]

Hello Jesse,

It could be coded by someone who understands Ninjascript better than me, lol.
I am learning C#, but it is a slow process, so far.
For example, I am inside the dValueArea7 code today which I found on the forums here:

http://ninjatrader.com/support/forum/local_links_search.php?action=show&literal=1&search=dValueArea&desc=1

I notice that the evolving value area high, low, and POC are not plots, but the regular VAH, VAL, and POC are plots. My goal is to add a extra VAH and VAL at 95% of the volume at close (VOC) for the evolving lines which I use.
Any help with that would be appreciated.
Thanks,
DT_12

[NinjaTrader_Jesse]

Hello,

Thank you for the note.

Yes C# can be a daunting task at first but once you understand all of the tools at your disposal or syntax I should say, it becomes much more easy and NinjaScript really opens up for you. If you have not seen this page, it is a good reference for simple examples and education, sections 5 and up would be the most relevant for NinjaScript: http://www.techotopia.com/index.php/C_Sharp_Essentials

As for the indicator, this makes use of one of the more advanced items called Plot Override.

Essentially what is happening is that a Plot will be drawn on the screen based on the data that is in its series, or the values you provide to it.

The Plot Override is a method that allows you to draw custom graphics instead of just a single line, with the Plot override you can draw any shape you would like.

There is a sample that comes with NinjaTrader that is far more simplified for learning, it is the indicator CustomPlotSample.

For adding items to this script specifically, if there is already another Plot that is in the script doing a similar task, you can basically just duplicate the lines of code related to that in order to create another Plot. If you have never created plots before, I would recommend looking at a more simple example such as the Bollinger indicator to see how the Upper and Lower plots are made and used.

Instead if it is a item in PlotOverride, there may be quite a bit of extra logic controlling those, so in that case the CustomPlotSample would likely be a good starting place to get an idea of the basic concepts used with the Plot Override. You could then locate the most relevant lines to see how to copy the logic and modify the equation as you need.


I look forward to being of further assistance.

[DayTrader12]

Thanks for the suggestions Jesse.
I'll try to add the code and I will post back if I have issues.
Take care,
DT_12