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Volume Profile Tools for NT8


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  #1 (permalink)
 ralett 
Thousand Oaks, Calfornia
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: Ninja with Rithmic
Trading: CL NQ RTY
Posts: 31 since Mar 2018
Thanks Given: 14
Thanks Received: 46

I recently joined Convergent Trading and I'm learning the methods taught by FuturesTrader71 and other members of the community. As part of these methods we draw a bunch of lines on the charts each day. Of course, some of them require judgement but many don't. At the bottom of this message I have attached a list of lines and levels that could be drawn on the charts automatically for each trading day. I am wondering what tool or tools other NT8 users here might be using to draw these lines?

I do have the NT8 Oder Flow tools and I use some of them as indicated in the list. However, they don't cover all lines that need to be drawn and, as far as I can tell, you cannot put text labels on the lines automatically with the NT8 tools. It only labels the lines with price. While I can and do color code them, it's too much information to quickly decipher without text labels on each line.

Is there a better set of third party volume profile tools out there for NT8 users who are discretionary traders?


Lines that could be drawn on the charts automatically:

· Previous Day’s High, Low & Close

· Previous Day’s Initial Balance High & Low

· Overnight High, Low and Mid

· Overnight Value Area High, Value Area Low and VPOC

· Current Session Open, Opening Swing High and Opening Swing Low

· Current Session Initial Balance High & Low, IB Value Area, IB Point of Control (NT8 Order Flow Volume Profile)

· Current Session Range High and Low (NT8 Order Flow Volume Profile)

· Current Session Mid point of the range

· Current Session Value Area High & Low, Value Area Point of Control (NT8 Order Flow Volume Profile)

· Current Session Volume Weighted Average Price (NT8 Order Flow VWAP)


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  #2 (permalink)
AffinityDeal
New York City N.Y. USA
 
Posts: 2 since Jul 2015
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Thanks Received: 1

Hi, I'm using Ninja Trader Lifetime version. As far as I understand only the lifetime version provides the Order Flow Tools and display similar 'Tick by Tick' volume profile as required by FuturesTrader71 methodology. One can write a script (Python, JavaScript or R) to translates the levels published by Convergence group and trsnaslate the level to NJ8 levels.


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Last Updated on December 15, 2019


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