Re: NT8 NinjaTrader 8 indicators

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Relative Volume aka CSI (Cumulative Sheep Index)

This indicator shows volume at the time of day relative to the prior n days. This is very useful in terms of identifying when volume is picking up or slowing down. The absolute value is not as important as whether it is rising or falling. As participation changes, the price action changes too. Probably one of the best ways to analyze volume/participation in the markets.





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