Buy Volume Only - Free Indicator
Modified on Sat, 24 Sep 2022 at 10:49 AM
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 products. As this indicator is FREE forever, you can subscribe 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 visualization on how the buyers are moving the market (Image – 1). We have premium Indicator which shows both Buy and Sell volumes separately. However, with this FREE indicator, you can make real time decision whether you want to buy or not, when Buyers are not moving the market ie Buy volumes are less. Please note, this indicator needs NinjaTrader 8 LifeTime license subscription and works on Intraday 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 are no actual volume data available. For those instruments, you can use Up Down Tick data to get 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 which does have Volume data from exchange, you can use “Ask ” – in Volume Type settings like Image – 3. If you want to change the color settings, Dash Style, Plot Style, Width etc, you should be able to set them as you prefer from the Plot settings of this indicator as marked with Red rectangle in Image -4.
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Image - 6 (Click to ZOOM)
Now, this indicator works only with intraday Time Based Minute bar type chart. If you try to use this indicator with Daily or above ie any time frame chart other than intraday time frame, it will show you a message on indicator panel to inform you to use only intraday time frame chart for this indicator like as it shows in 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 Candle stick bars, it will show you a message on 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 query, please do watch the video tutorial by clicking here.
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