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A new approach to Volume analysis with Volume Strength indicator Â
Volume Strength Spotter is the effective solution if you are struggling with false breakouts, unreliable price action, and a lack of clarity in market momentum.Â
This volume strength indicator provides a clear lens into market dynamics by analyzing the relationship between price and volume, making it an essential tool for all levels of NinjaTrader 8 traders.

Features and potential
â Confirm valid price moves: You could stop guessing if a price move is genuine. It compares the current candle volume to the average of previous N candles to reveal if a move is backed by strong buying or selling pressure. This confirmation helps you avoid getting trapped in false rallies or declines.
â Quantify volume strength with customizable thresholds: Instead of simply classifying volume as high or low, the indicator allows you to set custom thresholds to define weak, medium, and strong volume. This offers a more detailed view of market activity.
â Provide context with neutral volume: The volume strength indicator also identifies periods of neutral volume, which can be useful for understanding the overall market context.
â Filter out fakeouts: Breakouts are exciting, but many fail. It acts as your filter, identifying breakouts with genuine momentum. A high volume strength ratio on a breakout signals strong participation, increasing the likelihood of a consistent trade. Conversely, a low volume strength ratio warns of a potential fakeout, saving you from costly losses.

Additionally, it visually represents price strength through different dot sizes on the candles:
- A large dot indicates a strong buying/selling momentum.
- A medium dot indicates a moderate buying/selling momentum.
- A small dot indicates a weak buying/selling momentum.

Stop relying solely on price action. Try incorporating this volume strength indicator into your trading to see how it complements your existing strategies!
We keep every tool we've built in one directory â start with the full list of NinjaTrader addons.
Dedicated NinjaScript Signals
- Signal_State_Volume: 2 = bullish strong, 1 = bullish moderate, -2 = bearish strong, -1 = bearish moderate, 0 = undetermined insignificant, 99 = undetermined significant
- Signal_State: 3 = bullish very strong, 2 = bullish strong, 1 = bullish moderate, -3 = bearish very strong, -2 = bearish strong, -1 = bearish moderate, 0 = normal
Software Changelog
- 04 Feb 2025:Negative values of Signal_State were supported.
- 24 Jan 2025:The indicator was released (built new).
Policies
Software license
Every purchase includes a perpetual software license, granting you the right to use the software indefinitely on the number of computers permitted by your license.
Installation & Onboarding
Every purchase includes guided installation assistance.
Purchases with Premium Services also include white-glove software setup and onboarding, along with personalized trading setup and workflow optimization.
Software updates & upgrades
Software updates & upgrades are provided at no additional cost.Â
For products with a modular structure, this coverage applies to the core product, while optional expansion modules may be offered separately.
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Customer service
Every purchase includes lifetime support via email & chat, delivered by our renowned Customer Care team â widely recognized throughout the trading community for its world-class service.
As your NINZA product collection expands, Premium Path unlocks a growing range of enhanced Customer Care benefits & privileges, available through dedicated channels.
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Remote assistance
Every purchase includes up to 3 complimentary remote assistance sessions, available within 30 days of purchase â with each session lasting up to 30 minutes.
Purchases with Premium Services include up to 6 sessions within 60 days of purchase, with priority scheduling and longer session durations.
Product exchange
Customers may request up to 3 product exchanges within 30 days of purchase, at little or no additional cost when exchanging for a comparable product.
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Returns & refunds
Due to the ease with which software products can be stored and copied, no returns will be accepted and no refunds will be issued.
ALL SALES ARE FINAL & NON-REFUNDABLE.







