Delta Bars type

[jmalaguti]

Hello. Is there a way to produce bars on a chart using volume delta instead of time, tick, or range based? What I am looking for specifically is for each bar on chart to contain a specific delta amount reading before printing a new bar. i.e. we trade xxx delta (positive or negative) then start a new bar. so on a so forth.
If not, can something like this be coded using ninjascript editor?
Thank you

[NinjaTrader_BrandonH]

Hello jmalaguti,

Thanks for your post.

You could try using the Volumetric Bars Type on a chart which provides a detailed ‘x-ray’ view into each price bar’s aggressive buying and selling activity. This is done by calculating the delta between buying and selling volume (please see the Delta type property explanation in the help guide page linked below).

See this help guide page for more information about the Order Flow Volumetric Bars: https://ninjatrader.com/support/help...etric_bars.htm

Otherwise, you could consider searching the NinjaTrader Ecosystem User App Share for a possible solution:

Ecosystem User App Share: https://ninjatraderecosystem.com/user-app-share/

Or, you could try creating your own custom Bars Type in the NinjaScript Editor window.

Creating a Custom Bars Type: https://ninjatrader.com/support/help.../bars_type.htm


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[jmalaguti]

Thank you for the reply. I tried using the volumetric bars and, while I can display Delta of each price level on the bars, it still only gives me the options for time, range, tick series etc... for the bar size. What I am looking for is the bar size to be determined by delta of each price. I think the only way would be to have these developed with an outside source and import the ninjascript.

[NinjaTrader_BrandonH]

Hello jmalaguti,

Thanks for your notes.

NinjaTrader's Order Flow Volumetric Bars do not have an option available to use Delta instead of Time, Range, Tick, etc for the Base Period Type property.

You could consider searching the NinjaTrader Ecosystem User App Share for a possible solution.

Ecosystem User App Share: https://ninjatraderecosystem.com/user-app-share/

Or, you could try creating your own custom Bars Type NinjaScript by implementing your own custom logic in a script.

Creating a Custom Bars Type: https://ninjatrader.com/support/help.../bars_type.htm

This forum thread will also be open for other community members to share their insights on a possible existing custom Bars Type you could use.