Indicator for point of control notch on each bar for tick charts

[backtester831]

Is there an indicator that shows where the highest volume was traded in each bar?

In NT8, volumetric dataseries has an option to show it (see screenshot). Is it possible to see this type of notch on tick charts?

On volumetric data, the option is "Show maximum" and "Show volume". I basically just want the "Show maximum", but on a tick dataseries.

I've already tried overlaying the volumetric dataseries on top of the tick chart, and setting color to transparent for everything except the volume maximum. This works, except it creates a very wide gap between all of the bars, which I can't figure out how to decrease the width.

[NinjaTrader_Jim]

Hello backtester831,

Thanks for your post.

You can check our User App Share for free indicators, but I when I checked I did not see one that accomplishes this specific goal. Volumetric Bars and the associated ChartStyle have different spacing so overlaying the Volumetric bars so the "Show Volume" notch may not be the way to accomplish the goal.

https://ninjatraderecosystem.com/user-app-share/

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The Indicator Development forum is dedicated to NinjaScript developers to ask questions about building scripts. Questions involving using the existing tools and charting related questions are best directed to our Platform Technical Support forum. Are you a programmer interested in writing an indicator that accomplishes this goal? If so we could give some further direction.

If you are interested in services to have this kind of script built for you, we can have a colleague reach out with additional information on NinjaScript Consultants who would be happy to build this sort of indicator at your request.

We look forward to assisting.

[NinjaTrader_Jim]

Hello backtester831,

I would suggest testing the sample code in the Help Guide to observe the prints and confirm that the Output window displays what you would like to use in for the indicator.

I have taken the liberty of placing the Help Guide code in an indicator that adds a Volumetric data series, and then prints out Bid/Ask/Combined for GetMaximumValue().

You can then add a plot with AddPlot, and if you use a PlotStyle of Hash, you can have a notch displayed on the bar at that price level.

Information on adding plots and assigning values can be found below. You can also use a New Indicator Wizard to create an indicator template that adds a plot with the Hash PlotSyle.

AddPlot - https://ninjatrader.com/support/help...8/?addplot.htm

AddVolumetric - https://ninjatrader.com/support/help...volumetric.htm

New NinjaScript Wizards - https://ninjatrader.com/support/help.../ns_wizard.htm

Let us know if we can be of further assistance.

[bjunaid]

Thank you sharing your file.
I have question related to Volume. I want to add condition in my strategy which checks to see if there is a Volume Spike on the current bar in comparison to last 5 bars. Can someone please help me with this. I am currently using NT8 latest version.

My current condition in my strategy is something like this:

if(Volume[1]>MAX(Volume,5)[2])
Print("Volume is spike found".)

[NinjaTrader_Jim]

Welcome to the forums bjunaid!

You are on the right track with your code.

Your condition is checking if the Volume of the last bar is greater than the highest volume from the last 5 bars, looking this maximum volume from 2 bars ago.

You could consider checking if the Volume of the bar being processed in your logic (Volume[0]) is greater than or equal to the maximum volume of the last 5 bars, looking back 0 bars, and this will tell you that the current volume is the highest from 5 bars.

I.E.

if (Volume[0] >= MAX(Volume, 5)[0])

You could also check if Volume[0] is greater than the maximum volume from previous bars + an offset.

I.E.

if (Volume[0] > MAX(Volume, 5)[1] + YourOffsetVariable)

Working with Price Series - https://ninjatrader.com/support/help...ice_series.htm

When designing logic, I recommend using debugging prints so you can check and see the values that are used to evaluate your conditions and so you can check your work.

Debugging Tips - https://ninjatrader.com/support/help...script_cod.htm

We look forward to assisting.

[bjunaid]

Hi Jim,

Thanks for you reply.

I tried this code, my code compiles fine however I am getting an error in the Log?
STtest101: Error on calling 'OnBarUpdate' method on bar 115: Object reference not set to an instance of an object.

I am not where in the strategy code this statement should be added.

Thanks,

[NinjaTrader_Jim]

Hello bjunaid,

This is where you will need to use debugging prints to see which line is throwing the error. Please add prints throughout your OnBarUpdate method and test to reproduce the issue so you can see which line of code is throwing the error.

The error is telling you something is null when that line is reached, so please then check to see which object is null at that time.

Checking for null references - https://ninjatrader.com/support/help...references.htm

We look forward to assisting.

[bjunaid]

Thank for the reply. I was able to get this work using the print debug method.