Buy Volume Only - Free Indicator

Image - 1 (Click to ZOOM)

This NinjaTrader 8 custom FREE for lifetime indicator is developed by us for traders who want to try our products before subscribing to any premium tools. As this indicator is FREE forever, you can subscribe to it without any obligation. This Free NinjaTrader 8 custom programmed indicator plots vertical bars on the chart for any instruments to show the current Buy volume only in the market. This “Buy Volume Only” indicator gives you an in-depth visualisation of how the buyers are moving the market (Image 1). We have a premium Indicator which shows both buy and sell volumes separately. However, with this FREE indicator, you can make real-time decisions whether you want to buy when buyers are not moving the market, i.e., buy volumes are lower. Please note, this indicator needs a NinjaTrader 8 Lifetime licence subscription and works on Intra day time-based Minute bar types.

Image - 2 (Click to ZOOM)	Image - 3 (Click to ZOOM)	Image - 4 (Click to ZOOM)

For some instruments, like Forex pairs, there is no actual volume data available. For those instruments, you can use Up Down Tick data to get an idea about actual traded volumes. And if you want to plot buy volume for those instruments, you can select “UpDownTick” in Volume Type settings for the indicator like Image 2. Otherwise, if you are trying to use this indicator with any instrument that has volume data from the exchange, you can use “Ask ” in Volume Type settings like Image 3. If you want to change the colour settings, Dash Style, Plot Style, Width, etc., you should be able to set them as you prefer from the Plot settings of this indicator (Marked with a red rectangle in Image 4). 

Image - 5 (Click to ZOOM)	Image - 6 (Click to ZOOM)

Now, this indicator works only with intra day Time-Based Minute bar type chart. Try to use this indicator with Daily or above, i.e., any time frame chart other than intra day time frame. It will show you a message on the indicator panel to inform you to use only an intra day timeframe chart for this indicator (Image 5). 

This indicator can be effectively used on time-based bar types only. It does not work for other bar types. However, if you don’t remember and try to use bar type anything other than candlestick bars, it will show you a message on the indicator panel to inform you to use only time-based minute bar type for this indicator the way you can see in Image 6.

If you still have any further queries, please do watch the video tutorial by clicking here.