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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Am sorry, am referring to the NinjaTrader renko script. If you dontt have that you can share any working NinjaTrader renko. Thanks.
Did you try the built in renko chart type?
mladen wrote: ↑Tue Mar 14, 2017 2:20 amAdded color and Keltner Channels to the popular ADXVMA. You can select your colors for an Up trend, Down trend or Neutral. The Keltner Bands can be colored and set to the multipliers that you prefer. In the picture, the ADXVMA is set to 5 periods and the bands are set to 1.5 for the inner band and 2.5 for the outer band.
could you explain me how to install the ADXVMA curves on Nintrader 8 please ?
I see .cs files
Is this the correct folder for installation: Documents\NinjaTrader 8\bin\Custom\DrawingTools
Do you have the same tools for MT4 too ?
I am very interested by developping a strategy based on volatility curves, using the largest curves to reach the more centered ones.
Thanks for your feedback !