This is my version of two of the volume patterns from the Better Volume indicator from eminiwatch.com. I only use HVC & LV bars in my trading and these were easy to port. The other volume bars (Climax bars) require upticks & downticks which are available historically with Tradestation but not with Ninjatrader.
HVC bars often mark turning points and are usually the result of professional activity.
LV bars are usually amateur activity and the move may not continue.
I have tested this indicator against the better volume indicator on Tradestation and there is zero difference. If you want the Climax bars I encourage you to purchase the Better Volume for Ninjatrader from eminiwatch.
I also plan to add more volume patterns to this indicator such as "No Demand", "Stopping Volume", etc. If anyone would like to contribute please let me know, I have lots of ideas but little time so I could use the help.
For more information on using this indicator and the volume patterns, please see the thread:
https://forum.bigmiketrading.com/general-discussion/634-how-use-volume-your-trading.html
Update History:
Date: 20091024 Version: 0.4
Added audio alert for minute chart - will alert 1 minute before close and on the close
Thanks to Prtester for the code
Date: 20091024 Version: 0.3
Added option to display volume or not
Date: 20091018 Version: 0.2
Added an audio alert for HVC for tick charts. Will do it for minute charts soon.
Date: 20090914 Version: 0.1p2
Fixed bug where paintbars are yellow instead of default color
Date: 20090912 Version: 0.1p1
Added CurrentBar < 2 return
Date: 20090912 Version: 0.1
Initial version
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES (tested by sam028)
Category NinjaTrader 7 Indicators NinjaTrader 6.5 Indicators
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