This indicator will provide the volumetric Bar statistics in a hidden plot form. The main purpose is to provide (through 21 plots) the bar statistics values to the Strategy Builder and/or Chart alerts, and/or the Market analyzer without the need to program. You can also use in a Ninjascript indicator or strategy. The 21 plots are hidden so they will not change the display. See the screenshot to see the names of the available data points (plots).
When you select the indicator in the strategy builder or the chart alerts, you can change the plot to any of the 20 other plots so you can work with the statistic of interest.
Also, all 21 plot values will show in the charts data box window or the charts mini data box.
The indicator must be applied to a chart or data series that uses Volumetric bars.You must have the NinjaTrader lifetime license to access the Volumetric bars.
There is an option, for debugging, to print the output to the Ninjascript output window. This will show two values that should match on each line. One value is direct from the calculation and the other is from the plot (that gets it from the same calculation), the point is to remove the mystery of what data is being provided.
An indi for TradeStation designed to show high-volume bars
without having to devote a separate pane to an indi. It
marks them with the character in the variable vChar - "o" in
the picture.
It simply plots an ma of volume and marks bars which exceed
it by the value in the variable vadjust.
The bottom pane in the picture, which is a different but
similar indi, shows the principle.
Why the longest volume bar in that pane is not signalled by
VolVsRange I don't know - unless it's off the chart.
The code (let me know if there are errors in it - it was one
of my first tries) :
{ Indicator }
Inputs:
UpColor(Black) , DnColor(Red) , vAvg.length(9) , vadjust(1.8) , VolAlert(false) , vChar("o"), offset(0.5) ;
Variables:
vol(0) , avgv (0) , volvlen(0) , barlength(0) ;
If BarType >= 2 then vol = Volume else vol = Ticks;
vol = volume ;
barlength = H - L ;
if vol > 0 and barlength > 0 then
volvlen = vol / barlength
else
volvlen = 0 ;
avgv = averageFc(volvlen, vAvg.length) ;
if volvlen > avgv * vadjust and O[1] > C[1] then
begin
Value1 = Text_New(D,T, Low - Range * offset, vChar ); // down bar
Value2 = Text_SetColor(Value1,UpColor);
If VolAlert = True then
begin
Alert("VolvLen down ");
End;
End;
if volvlen > avgv * vadjust and C[1] >= O[1] then
begin
Value1 = Text_New(D,T, High + Range * offset, vChar ) ; //up bar
Value2 = Text_SetColor(Value1,UpColor);
If VolAlert = True then
begin
Alert("VolvLen up ");
End;
End;
November 25th, 2011
Size: 8.11 KB
Downloaded: 287 times
1049
Sezor
Version 1.0
The Vortex Indicator consists of two oscillators that capture positive and negative trend movement.
A bullish signal triggers when the positive trend indicator crosses above the negative trend indicator or a key level.
A bearish signal triggers when the negative trend indicator crosses above the positive trend indicator or a key level. The Vortex Indicator is either above or below these levels, which means it always has a clear bullish or bearish bias.
Calculation of the Vortex Indicator can be divided into three parts. First, calculate the positive and negative trend movements based on the highs and lows of the last two periods. Positive trend movement is the distance from the current high to the prior low. The further the current high is from the prior low, the more positive the trend movement. Negative trend movement is the distance from the current low to the prior high. The further the current low is from the prior high, the more negative the trend movement. These periodic values are then summed based on the indicator setting, which is the usually 14 periods.
The second part involves the True Range, which was created by Welles Wilder. This indicator uses the current high, current low and prior close to measure volatility
The third part normalizes the positive and negative trend movements by dividing them by the True Range. In effect, the Vortex Indicator shows volatility-adjusted positive trend movement and volatility-adjusted negative trend movement. The end result creates to indicators that oscillate above/below 1.
Please Keep in mind that the Vortex Indicator is not designed as a standalone indicator.
Hey Elite Circle Members!.. I wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
Volume/Stochastic/Reversal Bars
wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
I have found that it works especially well with Range Charts. I will say the Volume component has to be tuned down under 1.00 or a lot of triggers get filtered out. Probabably some enhancements could be made in that arena.
Caution should be taken on Trending days as a lot of false signals will be generated. It is best used as a supplement to other indicators.
I what to use your indicator in another one. How can I access Stop Volume from another script?
Please advice.
Luis
January 4th, 2016 11:09 PM kakelson5kids Please tell me how I can download your indicator
July 25th, 2015 12:39 AM ZenTrader2015 Can someone explain how to download this file as it seems to be in a different format than alot of other indis. Thank yo
u
January 12th, 2014 11:49 PM XxBrianxX
January 15th, 2013 03:11 PM bobc635 Thanks Cory.... I have been using your prev Vol stop V7 for quite a while now.... I am looking forward to seeing the re
May 6th, 2018 02:03 PM aehartle yeah i keep getting a cs file on download as well. i have tried to re-save as a zip, says it has imported correctly but
still nothing. Any help?
August 19th, 2017 09:00 PM mhamrin Not downloading into a zip but a .cs format. Is this file still functioning? Thanks!