Friday 19 February 2016

NinjaTrader 7 - Volume Profile - Modified Volume Zones Indicator

"Volume Zones" is a default indicator included with NinjaTrader 7 and is used to analyse and display volume data as a "profile".

This indicator only displays volume bars for the price bars that are on the chart, meaning you can quicky rescale or scroll the chart, to show volume profile for a specific time period on the chart; and most importantly the ability to handle historic and incoming volume data.

My only issue with this indicator is that it is left aligned. In order for me to utilise this indicator, i needed to see the profile displayed on the right hand side of the chart; and further to that, the actual volume bars are too "low resolution"


Changes
After making a few tweaks to the code, the volume profile is now plotted on the right hand side of the chart and the resolution is increased from 20 to 60 rows. To enable easier identification of high and low volume nodes, i also added a black line profile


The white background and black outline of the profile "spikes" make it easier to identify the HVNs and LVNs. (compared to the blue version below)


I am providing this script in its "beta" form and for educational purposes only - "as is" with no warranty. I may continue to improve this script and release further versions in future.

Download / Indicator Info

    FileName: A1VolumeProfile.cs
    Version: 1.0
    Type: NinjaTrader 7 Indicator
    Copyright: N.Martin (c) Feb 2016
    Website: http://nigel-forex.blogspot.co.uk/

    File Download URL:
    https://drive.google.com/file/d/0BzwRDK7g5KnfODE0VlZERWN1VlE/view?usp=sharing

    -- Version 1.00
    * Plot volume profile on the right hand side of the chart
    * Increased the resolution from 20 to 60. To enable easier identification of high and low nodes,
    * Added Black profile outline - has minor bug where last plot data point 'falls off the screen'
   
    -- Version 1.1 Proposed
    Plot horizontal lines on high and low volume nodes.
    ShowHVN true | false
    ShowLVN true | false
    HVNcolor [color]
    LVNcolor [color]
    NumVolNodes int    

    Increase the "resolution" to allow for one volume bar per pip.  
    Provide option to plot micro composite volume profiles on each session.   
    Provide option to plot user defined micro composite volume profiles

3 comments:

  1. Will this work in version 8? Thanks.

    ReplyDelete
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    ReplyDelete