Volume by price indicator

[alexmaster]

Hello.

I need an indicator, which can show all volumes by every prices, like this:



Can anybody help me whith it?

Can it be programmed fo NT?

I need volumes per current and (or) previous sessions.

Or i would glad to see something like that:



(i mean total volume + prices for it)

[tick bandit]

This is Josh's CalculateValueArea or have a look at the Volume Profile indicator.

http://www.ninjatrader-support2.com/...5&d=1211394854

[alexmaster]

Thanks a lot!

But can You help me with instructions for it?

What are the volumes, shown on the chart? Is it current session, or volumes of the current chart window?

And what does the blue shadow means?

[NinjaTrader_Josh]

Just to clarify, this is not my indicator. This is a 3rd party indicator created by Ben who goes by the username sbgtrading. Indicator interpretation questions should be directed to the original author.

[sbgtrading]

Hello Alex,

I'm not sure what the indicator on that screenshot is showing...do you have any documentation from Open E Cry? That looks to be their platform, correct?

Thanks,
Ben

[alexmaster]

sbgtrading, won't You?

[alexmaster]

sad..

Ok, sbgtrading, will You explain me the work of Your inicator. Is it based on volumes?

[sbgtrading]

Originally Posted by alexmaster

Ok, sbgtrading, will You explain me the work of Your inicator. Is it based on volumes?

Hi Alex...pardon my delay in responding...let me know if the information below helps regarding the CalculateValueAreaHisto:

Yes, the histogram does show volume at price when the user selects VOC or VWTPO (see the descriptions of the profile types below). Volume is disregarded when the user selects TPO.


1) VOC - This method loads all the volume of a bar onto the closing price of that bar.
e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a close at 1534.25, then all 280 hits of volume are loaded onto the 1534.25 closing price.
2) TPO - This method disregards volume altogether, and gives a single hit to each price in the range of the bar.
e.g. A 5-minute bar has a range of 1.5 points with a High at 1534 and a Low at 1532.5, then 1 contract (or "hit") is loaded to the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534
3) VWTPO - This method distributes the volume of a bar over the price range of the bar.
e.g. A 5-minute bar has a volume of 280 and a range of 1.5 points with a High at 1534 and a Low at 1532.5, then 40 contracts (=280/7) are loaded to each of the seven prices in that range: 1532.50, 1532.75, 1533.0, 1533.25, 1533.50, 1533.75, and 1534

The blue shaded area that's generally in the center of the histogram is the "Value Area". It shows where a certain (large) percentage of the histogram data can be found and is based on the Value Area that is typical of Market Profile type indicators and formula.

Let me know if you have any questions! Again, thanks for your patience.
Ben

[danieljsalas]

Hi sbg is there a way to use 1-tick data for more accuracy on this indicator, ??? let me know please

thanks

daniel

[sbgtrading]

Hello Daniel,

Yes, I believe so...it would be a multi-timeframe indicator, which means it would only run in NT 7.0.

I will be willing to pursue this development once NT 7.0 becomes a more stable release.

[alexmaster]

Yeah, certainly, it was a screenshoot from their platform. So i want to see something like this anywhere else, i.e. NT 6.5. I have a documentation for it, but don't think it can be usefull.

[sbgtrading]

All I need is a description of how the histogram is being calculated...then we can see if NT has anything like it already, or if we'd have to create something new.

[alexmaster]

Oh, it is not difficult. It calculates all volumes by each price during the trading session.

The histogram graphically offers the ability to determine price levels of both support and resistance. Easily enabled or disabled by clicking the button in the DOM toolbar. Then customize to meet your unique requirements and style.

It was taken from http://www.openecry.com/software/sof...lights_DOM.cfm. OEC instruction manual have nothing about it.

[sbgtrading]

That's great news! I believe this matches "VolumeZones" which is a free indicator that comes with each NinjaTrader platform. Remember, though, that it is a "real-time" indicator only, it does not currently have the ability to review historical volume data.

[alexmaster]

Yes, but i don't need real-time only, i want volumes from the past.