Indicator name: ClusterDelta #Volumes
The volume indicator provides information on the total traded volumes for each bar. Volumes information provides the real situation of market trading by showing areas of increased demand for a market instrument.
Big volumes spike in market activity supposes the end of the current trend. An additional price rally (breakout of the previous peak) on smaller volumes can be a sign of a reversal, which visually can look like a divergence of price peaks and peaks of the volume histogram. This describes one of the options for how to use the indicator, but this is not the only description of using the volume indicator. Use it with VSA patterns as well.
CLUSTERDELTA VOLUMES PARAMETERS DESCRIPTION
Overlay
Data over Volumes is the list of possible combinations of the data over Volumes histogram. The available options are the following: No_Overlay (just volume histogram), "Delta" over Volumes and "Ask or Bid" (the larger value) over Volumes
This is an example with Delta over Volumes
Parameters
Display Indicator GUI is a small graphical panel containing current access status (click to open the Authorizer), name of the indicator, ticker name of the data source and the alert icon
Days To Load is the number of the days to load in history. To not overload server side do not use the big values. The "0" value uses the entire period that is loaded by NinjaTrader. Use the "Data Series" NT option (Ctrl+F) to change it.
Instrument as Data Source - select a futures from the dropdown list as the source for data. Value AUTO causes automatic detection of the instrument using the NinjaTrader ticker.
Alert File is an option for the sound file to be played when an alert event is triggered. The files located at the NinjaTrader_Install_Directory\Sounds directory
Alert on Volume Size is the Volume alert value. The non zero value automatically enables the Alert Mode.
Visual
Volumes Color is the color of the normal Volume Histogram Bars.
Volumes above Alert Size is the color of the Volume Bars above the Volume Alert level for the better visualization.
Border Color is the color of the border around histogram objects.
Border Width is the thickness of the border around histogram objects.
Click the Alert icon to enable/disable alerts. When enabled, one line appears as the alert level. The line can be moved by the user to change the alert level.
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