Discover precious opportunities with our NinjaTrader volume alert indicator
Superior Volume is a super handy NinjaTrader volume alert & interpretation indicator that can be
the only volume indicator that you will ever need. Going far beyond just a volume alert indicator, Superior Volume also highlights important volumes with their biases in user-defined colors.
This awesome NinjaTrader volume indicator will tell you whether a volume is considered bullish or bearish, and whether the intensity is strong or moderate. Superior Volume takes 2 factors into account when studying volume bias: Bar Bias and Volume Magnitude.
- Bar Bias is divided into 3 categories: bullish, neutral, bearish. The indicator gives you full control over how large the neutral range is for bar bias definition.
- Volume Magnitude consists of 3 domains: low, medium, high. The domains are separated by 2 user-defined dynamic thresholds.
- Lastly, the colorization of volume bias is decided based on the combination of the 2 factors mentioned above.
Please be aware that signals from volume tend to have a
long-term effect. A bullish volume does not mean there will be an instant buy signal, and a bearish volume will not reveal an immediate sell signal. Most importantly, you will need to consider the big picture of price action while interpreting volumes, which is crucial to creating a successful trading strategy based on volume. An in-depth understanding of volume will definitely take your trading up a notch.
To fully understand the functionality of this valuable NinjaTrader volume alert & interpretation indicator, please read
Trader Manual.
Key features:
- Plot the volume
- Give full control on defining the moving average of volume (with
)
- Allow smoothing the moving average of volume (with
)
- Allow defining 2 dynamic volume thresholds which are multiples or fractions of the moving average of volume
- Allow defining neutral range & minimum spread of bars for the calculation of bar bias
- Colorize volume based on volume bias, which is a result of the investigation of bar bias & volume magnitude
- Trigger alerts on high volume
- Highlight background on high volume
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State: 2 = bullish strong, 1 = bullish moderate, -2 = bearish strong, -1 = bearish moderate, 0 = undetermined insignificant, 99 = undetermined significant
Compatibility:
- Instruments: only instruments that have volumes (futures, stocks...)
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
- 13 Mar 2021 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, chart info); alert popup was visually enhanced.
- 23 Jul 2019 - Sound selector was fixed.
- 21 Apr 2019 - The licensing system was critically upgraded.
- 18 Sep 2018 - The indicator was re-exported to be compatible with recent changes of the platform; the toolbar menu was removed.
- 18 Nov 2016 - The logic for bar bias calculation was updated.
- 25 Oct 2016 - Minor updates were made to improve stability.
- 22 Oct 2016 - The indicator was released (converted from its NT7 version).
- 25 Jul 2015 - The indicator was released.
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