Better Volume Indicator and Tradestation

[BlowFish]

Originally Posted by cunparis I think you have to wait until NT7. I posted my attempt at porting bettervolume to NT in the NT forums, search for the thread "Better Volume Beta", go to the end of the thread to see the recent posts. Maybe someone will be able to figure out how to do it with NT6.5.

No. Well maybe no (see the last paragraph). The current implimentation of Ninjatrader provides much more data than the current version of TS. TS will report last, best bid and best ask (the latter 2 only when last generates a tick). Ninja will generate an event for a trade (same as TS) and it will generate an event for an order book changes at any depth including best bid and ask (TS won't do this at all though you may be able to do it by having ask or bid as data 1).

T.S. does store volume information with upticks and downticks separated. As I am now a multicharts user I can't really say much about that implementation.

[email]

pa18,

Why not ask Barry (very nice guy) from emini watch what settings to use for forex, he uses forex charts himself and he programs ninja and TS.
Also, he has a video on how to use the BV indicator for forex.
cheers

[sbenard]

I use a volume indicator, also programmed by an experienced Tradestation user, called Klinger + ATR. It is the finest leading indicator I am familiar with. I would be happy to provide the code to anyone who has the skills to write it for Metatrader or another platform. I only ask that it be shared with everyone, including me. It is NOT proprietary!

I trade only FUTURES now -- no more Forex. I like trading through an Exchange (CME, CBOT, etc.) because commissions are cheap (about $5 per round trip trade), spreads are tighter than most Forex brokers are willing to provide (usually 1-2 pips/ticks), and executions are accurate. The futures exchanges also provide GOOD, ACCURATE volume data. Forex volume data is spotty and unreliable, as others in this forum have indicated. I get no stolen stops. Many Forex traders are unaware that they can trade currencies through the futures market with superb liquidity on the majors and tight spreads. The charts are virtually indistinguishable from Forex.

Tradestation, as a broker, also offers Forex trading through Gain Capital. The spreads are MUCH tighter than you can get with a retail account with Gain. Spreads for the Euro and Yen are only .5 (yes, 1/2 pip) to 1 tick/pip. For the GBP, AUD, and CAD, they are usually about 2 ticks/pips. A tick in futures is the same as a PIP in Forex, but the values are slightly different.

[Tams]

Originally Posted by sbenard I use a volume indicator, also programmed by an experienced Tradestation user, called Klinger + ATR. It is the finest leading indicator I am familiar with. I would be happy to provide the code to anyone who has the skills to write it for Metatrader or another platform. I only ask that it be shared with everyone, including me. It is NOT proprietary!...

You can post the code and make the request here...
Trading Indicators - Traders Laboratory