Better Volume Indicator and Tradestation

[pa18 10]

Hi guys,

 

I have an indicator for Ninjatrader called 'Better Volume Indicator' from emini watch. The original indicator is programmed for tradestation and the indicator I have is for Ninjatrader becasue NT is my preferred platform.

 

What I'm trying to do is confirm if my NT Better Volume indicator is doing it's job well so I like to ask the numerous tradestation guys on this forum if you have the indicator I mentioned. And if you do, do you mind posting yesterdays 10 minute GBPUSD EURUSD EURJPY charts for me to compare with mine.

 

Thank you,

[Tams 20]

the TradeStation code is here:

 

The Better Volume Indicator … My Secret to Analyzing Volume

[pa18 10]

Hi Tams,

 

I don't have tradestation. I'm asking someone for help in posting tradestation charts for me to compare with my NT charts.

[Tams 20]

Hi Tams,

I don't have tradestation. I'm asking someone for help in posting tradestation charts for me to compare with my NT charts.

 

 

 

I don't trade GBPUSD EURUSD EURJPY...

maybe someone can help.

[BlowFish 10]

Trouble using currencies to compare is that every feed will have different volumes. If you are debugging a volume based indicator you might be better off comparing an exchange traded instrument?

[pa18 10]

I'm using the demo version of NT with the feed from GAIN. I think Tradestation also get their feed from GAIN if I read the website correctly. So, should have no problems with comparing tick volume between NT and TS.

[zdo 20]

... yesterdays 10 minute GBPUSD EURUSD EURJPY charts

 

don't know if this will help you at all....

 

As others have mentioned feeds are different - Even NT Gain and TS Gain?

Also, my bars may start at different times from yours.

Also, I am displaying an older BetterVolume indicator... never downloaded the newer closed source ones..

hth

[pa18 10]

Hi Zdo,

 

Thank you for the charts, I'm still not sure if NT better volume is reading the market well what it is suppose to do. In the end I asked directly emini watch for the charts. I'd compared them from mine and looks like my better volume are picking areas of turns ok but continuations are :crap: and checking your charts, this also confirms my suspicions. It may be my settings in NT BV

 

Can you post your old NT indicator out for me to try? Or maybe suggest the settings for NT BV, that would be brilliant so at least I can make some solid assumptions about this NT indicator.

 

Thank you

[zdo 20]

 

Can you post your old NT indicator out for me to try? Or maybe suggest the settings for NT BV, that would be brilliant so at least I can make some solid assumptions about this NT indicator.

 

 

Sorry, I only have TS versions. Have never used it on TS or NT. If you study the code you should be able to determine whether or not you can make "solid assumptions" about the logic of his conditions particularily since fx volume is number of ticks proxy for actual volume...

[BlowFish 10]

If you read the code through carefully you should be able to get it right without too much (any?) testing. Of course I appreciate you wanting to test it however It is really just 5 conditionals so careful scrutiny of the code should be able to get a bug free conversion.

[pa18 10]

Reading code. I rather have my toe-nails pulled out with a pair of clippers. :doh:

 

Thanks anyway and I see if I can make any headway.

[BlowFish 10]

If you post both studies (TS code will have to be text) I'll have a quick eyeball for you......not promising anything though.

[pa18 10]

Hi Blowfish, thank you for the offer. The code is long, if you don't want to do then thats ok, I don't blame you . I've attached one word document with both versions of the code. Thank you.

 

Don't get me wrong. I'm not lazy or I can't be bothered, I'm just so crap at computer languages :crap:

Better Volume Indicator 25Jan09.doc

[BlowFish 10]

That is a lot more complicated than his more recent versions! The one I have in tradestation the 'meat and potatoes; is about 5 lines. I think it is the most recent, he seems to have simplified the logic greatly. In short comparing is unlikely to be productive

[pa18 10]

Thank you anyway Blowfish, have a good trading day today. GM is GM no more.

[Gibby 10]

It looks like you have some VSA indicators for Ninja on your chart examples. Can you share where those are available?

[pa18 10]

It looks like you have some VSA indicators for Ninja on your chart examples. Can you share where those are available?

 

Hi, yes, go to NinjaTrader support and you'll find indicators there. There are a few threads in forexfactory on VSA where some people put up NT VSA indicators. Go there are do a search. Have a nice day.

[Fibtrader 10]

When using the BetterVolume indicator in TS and tracking Forex, set the Forex symbol to Tick Count not Trade Volume. The BetterVolume indicator will work with this setting. Forex does not report actual volume.

[ctrlbrk 10]

That is a lot more complicated than his more recent versions! The one I have in tradestation the 'meat and potatoes; is about 5 lines. I think it is the most recent, he seems to have simplified the logic greatly. In short comparing is unlikely to be productive

 

Could you post the TS version, I'd like to look at the code and see if I can convert it to NT.

 

thx!

 

Mike

[Trader333 10]

Could you post the TS version, I'd like to look at the code and see if I can convert it to NT.

 

thx!

 

Mike

 

Check post number 2 by Tams as that has a link to it.

 

 

Paul

[cunparis 10]

Hi Guys I just found this thread. I have both TS & NT and the better volume for NT doesn't work at all. I've done comparisons and it's not even close.

 

I ported the Better Volume code to NT but there's just one small problem: NT doesn't have access to historical bid/ask information. So the indicator worked in real time but if you do anything that would cause a refresh you loose all your volume information. This historical bid/ask feature is supposed to be added in NT 7.0.

 

So what I do is use better volume with TS and use my other indicators with NT. I prefer to do everything on one platform but some tasks are much easier on one or the other.

 

Hope that helps.

[BlowFish 10]

Neither TS or NT have historical bid/ask info. Its fortunate then that the better volume indicator does not require it are you getting mixed up with another indicator?

[cunparis 10]

Neither TS or NT have historical bid/ask info. Its fortunate then that the better volume indicator does not require it are you getting mixed up with another indicator?

 

BV for TS uses upTicks & downTicks. on a tick chart, if the tick is an uptick then that means it occurred at the ask right? how does TS draw the better volume indicator for historical data if TS doesn't have the bid/ask information?

[Trader333 10]

If you read the code you will see that one version plots based on tick volume and does not discern between upticks or downticks at all.

 

 

Paul

[cunparis 10]

If you read the code you will see that one version plots based on tick volume and does not discern between upticks or downticks at all.

 

Paul

 

The only thing interesting is having it use the upticks & downticks.