Delta Buy/Sell Volume

[sbgtrading]

Hello everyone,

Calculation Mode Changed on 3/18/09 in response to user requests

I've made a sweeping change to the cumulative delta indicator and posted it to this message. It is one indicator that lets you choose from the following 3 cumulative delta types:
1) Bid/Ask Volume
This is cumulation of the volume at the Ask - volume at the Bid
2) UpTick/DownTick Volume
This is the cumulation of the volume on upticks - volume on downticks
3) Tick Count
No volume in this calculation, just the sum of upticks - downticks

I believe this is a more efficient handling of the incoming market data and it may lead to resolving some of the "discrepancies" in the cumulative calculation. Please test it and report back to this thread.

Another enhancement in this version is you can completely turn-off the individual bar delta values (which were plotted as green and red dots in prior versions). This will prevent any undesirable scaling issues with the panel.

Finally, this indicator lets you specify a minimum volume per transaction, thereby letting you eliminate low-volume transactions from the calculation.

Let me know if you have any questions! Please test this indicator and report back.

Enjoy!
Ben

[samiam30]

Thank you, kind sir .

[garciaal]

I get the following error message; "Import failed. There are NinjaSript files in the imported NinjaScipt Archive file that have programming errors. these errors must be resolved before you can import the Ninja Script Archive Files."

I have imported other files with no problem. Any clue to what may be causing this.
Thanks, Al

[samiam30]

The indicator only works in NT v6.5.

[garciaal]

Samiam,
Thanks for ther quick reply, I'm still using 6.0. I wonder if there are going to be other indicators from 6.0 that won't work with 6.5?

Thanks, Al

[marketguy2]

Thanks for the indicator. It showed a beautiful Delta Divergence on the ES at 15:20. Very cool. I will definitely keep an eye on this indicator.

I have a request (or two).
1. The Delta number showing in the price panel covers the NT bar timer making the countdown timer unreadable. Could you possibly move its location?

2. This is more in terms of a wish rather than a request. The concept of Delta Divergence can be a very useful tool. As price makes a new high and the delta becomes negative, we have a divergence. Vice Versa on new lows. It would be so cool if we could get a dot or arrow reminding us when we have a Delta Divergence at a new high or low (and even cooler a dot and an audible alarm).

Anyway, thanks for the great work. it is appreciated.

[sbgtrading]

markeguy,

There is a parameter to this indicator that lets you choose where to place the indicator. Go ahead and view the parameters (Ctrl-I) and find the parameter called "Counter Location". Select one of the listed values.

Ben

[garciaal]

Sbgtrading,

Could you tell what part of code needs to be modified to work with 6.0?

Thanks, Al

[sbgtrading]

Originally Posted by garciaal

Samiam,
Thanks for ther quick reply, I'm still using 6.0. I wonder if there are going to be other indicators from 6.0 that won't work with 6.5?

Thanks, Al

Everything that works in 6.0 should work in 6.5...the problem is that not everything that works in 6.5 works in 6.0. They are not backward compatible.

Ben

[sbgtrading]

Originally Posted by garciaal

Sbgtrading,

Could you tell what part of code needs to be modified to work with 6.0?

Thanks, Al

That would be a good question for the NinjaTrader specialists here...there may not be a migration path backwards for this indicator. I haven't had enough experience to see how 6.0 capabilities provide a way to handle live market data events. Sorry!

Ben

[marketguy2]

Thanks,
I now have the counters where I can see them.

[samiam30]

Originally Posted by marketguy2

1. The Delta number showing in the price panel covers the NT bar timer making the countdown timer unreadable. Could you possibly move its location?

You can easily change the location of the counter (Indicators->Parameters-> top option-> change the text):

BL -> Bottom Left (default setting)
BR -> Bottom Right
TL -> Top Left
TR -> Top Right

[garciaal]

To Any NinjaScript Expert,

See post #8 & 9 above, is there any way to get this to work with ver6.0

Thanks, Al

[NinjaTrader_Josh]

This indicator requires the new methods exposed in NT6.5. A NT6 version of this will be of little value simply because it won't work.

[garciaal]

Josh,
for those of us who are less informed what is the "new method"