Cumulative Volume Delta for NinjaTrader 8

The Cumulative Volume Delta Indicator for NinjaTrader 8 offers a powerful edge for day traders looking to analyze real-time market sentiment. This advanced tool calculates the net difference between uptick and downtick volume, helping you see whether buyers or sellers are dominating the market. It supports customizable timeframes, allowing you to choose data periods like 1, 5, 30, or 60 minutes, independent of your chart’s timeframe, for maximum flexibility. By providing options to calculate on tick data for real-time insights, the indicator ensures you’re always in the know when the market is moving fast.

Key Features and Benefits:

• Customizable Timeframes: Select from 1, 5, 30, or 60 minutes for data calculations, regardless of your chart’s timeframe.
• Real-time Data Insights: Use tick data for intrabar updates, ensuring up-to-the-second market sentiment analysis.
• Calculation Rules:
  • Positive volume is added when the closing price exceeds the opening price.
  • Negative volume is subtracted when the closing price is below the opening price.
  • Handles cases where opening and closing prices are equal, using logic based on previous bars.
  • Tick data volume added or subtracted based on direction of the tick.
• Session-Based Reset: The cumulative volume delta resets at the start and end of each new trading session, using NinjaTrader’s Trading Hours template for session accuracy.
• Visualization Options:
  • Choose between line or bar styles to display the indicator.
  • Customizable green and red color options for easy differentiation between positive and negative volume delta.
• Supports All Chart Types: Works seamlessly across all NinjaTrader 8 chart types, enhancing any trading strategy.