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Product Description
Volumes provide significant information to trading, but having a separate panel for the volume indicator may be very space-consuming. Why not directly integrating volumes into candle colors? That's exactly what VoluCandlez does! This indicator is considered the best candlestick volume indicator for NinjaTrader.
The intensity of a candle color is proportional to its volume, which is a smart & convenient way to embed volumes into candlestick charts. For example:
- A bullish candle with a high volume is MORE BLUE than one with a lower volume.
- A bearish candle with a high volume is MORE RED than one with a lower volume.
Our gradient colorizing technique paints candles based on their volume ratios. Here how we calculate: the volume ratio of a bar is the ratio of the bar's volume to its volume average value (the indicator allows you to configure a moving average of volumes).
VoluCandlez also marks high volumes. For example, if you set the high volume threshold at 1000, then any volumes of 1000 or higher will be printed as numbers or marked with square markers.
Explore our handpicked selection of best NT8 indicators and find the perfect tools to match your trading strategy and risk appetite.
Key Features
- Allow configuring & smoothing a moving average of volume (with 10 MA types) for calculating volume ratios
- Allow setting minimum volume & high volume thresholds
- Allow defining bar bias mode (to judge if a bar is bullish, bearish, neutral): bar body or bar spread
- Paint candles in gradient colors based on the magnitudes of volume ratios
- Allow specifying strong & weak volume ratios for gradient colorizing
- Allow picking input colors for gradient colorizing
- Mark high volumes in 2 ways: number or square marker
- Be NinjaScript ready for advanced usage, only restricted by your imagination
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From Happy Customers
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Indicators Improved My Charts. Hannah's Help And Great Customer Service. Will Buy Again.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
by Bartosz
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An Exemplary Customer Experience At NinZa.Co: Unveiling The Power Of Cumulative Delta
I'm a new customer with ninZa.co and i was needing help today in making a purchase. I made a request on your chat platform and Hannah came to my rescue. She helped me find the what I needed and even offered me a discount. Everything went very smoothly from that point. I made the purchase and she even provided me some documentation on the indicator. I am very pleased with her assistance. Thanks again Hannah for your excellent customer service !!
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Software Changelog
20 May 2024
The "Toggle" button & the "Ribbon" bar were added.
30 Oct 2021
Occasionally inaccurate colorization at the current bar was fixed.
19 Jan 2021
Massive changes, fixes and improvements were made (DPI, display name, Z order).
