Buy Sell Volume - Premium Indicator
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Image - 1 (Click to ZOOM) | Image - 2 (Click to ZOOM) |
This NinjaTrader 8 custom premium indicator is developed by us for traders who want to see real-time, in-depth, actual Buy and Sell volumes separately on their charts to make their trading decisions. You can subscribe to it without any obligation for a trial period of the first 30 days for free; after the first 30 days from your subscription date, you will start paying until you cancel your subscription. This premium NinjaTrader 8 custom programmed indicator plots separate vertical bars on the chart for any instrument to show the current Buy and Sell volumes separately in the market. This “Buy Sell Volume” indicator gives you an in-depth visualisation of how the buyers and sellers are moving the market separately (Image 1).
You can also plot arrows (Image 2) that indicate on which side traders – i.e. buyers or sellers – are accumulating or distributing, without revealing their intention, as green candles do not always prove that buyers are in control, and vice versa for red candles. Red arrows show that sellers are stronger, and green arrows show that buyers are in control. With this popular indicator, you can make real-time decisions on whether you want to buy or sell. As you will be able to plot real-time Buy and Sell volumes separately with this indicator, you will see how buyers and sellers are moving the market and who has the upper hand at every moment in time.
Please note that this indicator requires a NinjaTrader 8 Lifetime licence subscription and works on intraday time-based minute bar types. If you have subscribed to an older version, named “Separate Buy Sell Volume in UpDown Tick”, you will need to upgrade to this version as we no longer support the older version.
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Image - 3 (Click to ZOOM) | Image - 4 (Click to ZOOM) |
You can also plot the delta of Buy and Sell volumes for live volume data using vertical bars. These delta volume bars are a good way to see which side of the market is winning. Green bars are for buyers and red bars are for sellers (Image 3). The right-most bar will keep changing its colour as the market delta changes with the current volume. It is the best way to see the actual volume pressure on the live market. In this mode, you can also plot arrows to show (Image 4) who is actually controlling the market volume behind the scenes (as described above).
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Image - 5 (Click to ZOOM) | Image - 6 (Click to ZOOM) | Image - 7 (Click to ZOOM) |
For instruments such as Forex pairs, there is no actual volume data coming from exchanges. For those instruments, you can use UpDownTick data to get a realistic idea about the actual traded volumes. If you want to plot Buy and Sell volumes for those instruments, you can select “UpDownTick” in the Volume Type settings for the indicator (Image 5). Otherwise, if you are trying to use this indicator with any instrument that has volume data coming from an exchange, you can use “AskBid” in the Volume Type settings (Image 6). Now, if you want to plot separate Buy and Sell volumes on the chart, you can select “Buy Sell” as the plot type in the settings (Image 7).
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Image - 8 (Click to ZOOM) | Image - 9 (Click to ZOOM) | Image - 10 (Click to ZOOM) |
However, if you want to plot only the delta of buy and sell volumes on the chart, then you can select “Delta” as the plot type in the settings for this indicator (Image 8). For plotting the arrows to show the buy and sell pressure as previously discussed, please check the “Plot Arrows” option and ensure you can see a tick, as shown in Image 9. If you want to change the colour settings, Dash Style, Plot Style, Width, etc., for both buy and sell bars, you should be able to set them as you prefer from the Plots settings of this indicator, as marked with a lime green rectangle in Image 10. And if you want to see them separately, as shown in Image 1, you can select the Buy’s “Match data series width” option and ensure it displays a tick. This way, the width of the Buy volume bars will be wider than the Sell volume bars, making it easier to distinguish them clearly and separate them from each other.
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Image - 11 (Click to ZOOM) | Image - 12 (Click to ZOOM) |
Now, this indicator works only with an intraday Time-Based Minute bar type chart. If you try to use this indicator with a Daily or higher time frame chart—that is, any time frame other than an intraday time frame—it will display a message on the indicator panel to inform you to use only an intraday time frame chart for this indicator, as shown in Image 11. This indicator can be effectively used only on time-based bar types. It does not work for other bar types. However, if you inadvertently try to use a bar type other than candlestick bars, it will display a message on the indicator panel to inform you to use only a Time-Based Minute bar type for this indicator, as shown in Image 12.
If you still have any further query, please do watch the video tutorial by clicking here.
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