Thursday, November 19, 2009

Trade Velocity for NinjaTrader

The indicator can display calculation based on
  • Speed per second - divides the volume by the number of seconds in the bar. Ex: A large volume that was created in little time will create a large "Speed" reading.
  • Speed per tick - divides the volume by the number of ticks in the bar. Ex: A large value reading for this statistic would indicate large orders were present.
  • Tick Momentum - multiplies the volume by the number of ticks in the bar, then divides by the time (in seconds) of the bar. Ex: So a large volume with lots of ticks that occurred in a short period of time will produce larger relative readings.
The volume is separated to
  • Up Volume - blue histogram
  • Down Volume - red histogram
  • Total Volume - blue line
The calculation is oriented to be used in a fast volume chart but may work on other chart types.

Tuesday, November 10, 2009

Wednesday, November 4, 2009

Sunday, November 1, 2009