PRIME

Volume Delta

This indicator beautifully plots the volume delta of each bar, which is the difference between the total buy volume & the total sell volume of a bar. This is a SUPER IMPORTANT indicator used by successful trading professionals, and it can be a great fit for any trading system.

More wonderfully, ninZa.co's Volume Delta indicator allows you to filter volumes by specifying a preferred range of volume sizes, so that you can track the footprints and know the behaviors of a special group of traders. Here are some sample volume filters that you can set up:

• Volumes from 1 to 5: Retail traders
• Volumes from 6 to 19: Big professional traders
• Volumes from 20 to 999999: Banks & hedge funds

The indicator lets you define 4 thresholds for strong & moderate volume delta. For example, you can set them as:

• Strong positive delta: 150
• Moderate positive delta: 50
• Moderate negative delta: -50
• Strong negative delta: -150

Then the indicator will print markers and trigger alerts to notify you of important shifts in volume delta.

• Display volume delta of each bar as an elastic ribbon at chart bottom (automatically adjusts to fit your bar spacing)
• Offer 3 modes of volume base for selection: BidAskPrice_RealVolume, UpDownTick_RealVolume, UpDownTick_UnitVolume
• Function on both historical & real-time data in BidAskPrice_RealVolume mode (you need to enable Tick Replay for the indicator to function on historical data)
  NT8 only
• Function on both historical & real-time data in UpDownTick_RealVolume or UpDownTick_UnitVolume mode
• Function for instruments without real volumes - using UpDownTick_UnitVolume mode
• Let you define your favorite thresholds of strong positive/negative delta & moderate positive/negative delta
• Let you define your own filter of minimum volume & maximum volume
• Colorize volume delta numbers separately for strong positive delta, weak positive delta, neutral delta, weak negative delta, strong negative delta
• Optionally hide delta numbers to save space (volume delta strength is recognized via color)
• Print markers on strong positive/negative delta
• Print markers on moderate positive/negative delta
• Trigger alerts on strong positive/negative delta
• Trigger alerts on moderate positive/negative delta
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals

• Signal_State: 3 = positive strong, 2 = positive moderate, 1 = positive weak, 0 = neutral, -1 = negative weak, -2 = negative moderate, -3 = negative strong

• Instruments: futures, stocks, indices
• Interval types: only INTRADAY intervals (no matter timebased or non-timebased, standard or custom)
• Chart styles: whatever