Volume Behavior

Volume is an important part of understanding the behaviour of instruments. This Indicators colours the candles/bars according to whether the volume for that time period of the candle is an Accumulation or Distribution candle or in fact if it has less volume that the previous candle. This simple tool can help traders of any instrument that involves volume to instantly visualise this volume behaviour to help confirm trade directions and more importantly to identify when a move is running out of juice and will aid in making trade management decisions.

What do you get

Volume Behavior For NinjaTrader Platform

This indicator colors the candles or bars according to whether the volume for that period of the candle is an Accumulation or Distribution candle. It also does so if, in fact, it has less volume than the previous candle.

Volume Behavior

An important part of understanding the behavior of instruments is the volume. The Volume Behavior for NinjaTrader indicator is a simple tool that helps traders of any instrument that involves volume. These traders instantly visualize this volume behavior through the indicator to help confirm trade directions.

More importantly, it also identifies when a move is running out of juice. The trader, thus, has the information they need to make trade management decisions. With the Volume Behavior for NinjaTrader indicator on your side, you’re prepared to identify and manage instruments that are most likely to lead you to success.

What you get in the Volume Behavior For NinjaTrader

The color coding for the candles is as follows:

1. Green Candle: UP candle with increased volume compared to previous candle.
2. Grey Candle: UP candle but has less volume than the candle before.
3. Red Candle: DOWN candle that has increased volume compared to the previous candle.
4. Cyan Candle: DOWN candle but has less volume than the candle before.

Buying During The Green Candle

A green candle is an accumulation candle where more shares, contracts, or coins are being bought than in the same candle (time period) previously. When you see this after low-volume candles, it can be said that the momentum (Juice) is increasing to the upside.

And then when you get another green candle after the first, even more volume and even more juice to the upside.

When the up candles turn gray it means the juice is starting to run out to the upside. This is a great indication to tighten stops if you are long in your trades.

Selling During The Red Candle

The Red Candle is a distribution candle where more shares, contracts, and coins are being sold than in the same candle (period) previously. When you see this after low-volume candles it can be said that the momentum (Juice) is increasing to the downside.

And then, when you get another red candle after the first, there’s even more volume and more juice to the downside. When the down candles turn cyan the juice is starting to run out to the downside. The trader should, therefore, tighten stops if they are short.

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