I got a question if it would be possible to Automatically draw S/R levels based on Volume rather than RSI as I had earlier done in this script; tradingview.com/script/m6dD8tBf-RSI-Based-Automatic-Supply-and-Demand/ Well it certainly is and it looks as though it might even be tradeable.
The indicator compares the size of volume bars so that if there is a noticeable increase in volume (noticeable here meaning above the indicator threshold) it marks the bar high and low prior to the bigger volume candle.
I love this indicator and for what it is to trade futures, it really works too well, my question is, if this same indicator could be done for ninjatrader? I really do not understand very well how it works to try to do it myself, I just need it: c
MartinWeb
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@mazapan, whats your strategy to make best use of it?
chrysopoetics
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Excellent work dude, I love this idea. I have an iteration of this myself that I'll refine and send on to you, but I really like this version. Thanks for sharing