When using our indicators, you might come across settings that include 3 modes under the Volume Base option.
To help you choose the most suitable mode for your needs, here’s a breakdown of the differences::
1. BidAskPrice_RealVolume
This mode should be used for instruments with real volumes (futures & stocks).
Buy volume & sell volume are defined as follows:
- Buy Volume: If the price of a tick is greater than or equal to the ask price, the real volume of the tick is categorized as buy volume and added to the total buy volume of the bar that the tick belongs to.
- Sell Volume: If the price of a tick is less than or equal to the bid price, the real volume of the tick is categorized as sell volume and added to the total sell volume of the bar that the tick belongs to.
In this mode, if Tick Replay is enabled, the indicator functions on both historical & real-time data.
Please visit https://ninjatrader.com/support/helpGuides/nt8/en-us/?tick_replay.htm for instructions on how to enable Tick Replay.
If Tick Replay is disabled, the indicator functions only on real-time data and there are no calculations on historical data. Any actions that lead to chart reloading will erase all calculations.
2. UpDownTick_RealVolume
This mode should be used for instruments with real volumes (futures & stocks).
Buy volume & sell volume are defined as follows:
- Buy Volume: If a tick is up or remains up, the real volume of the tick is categorized as buy volume and added to the total buy volume of the bar that the tick belongs to.
- Sell Volume: If a tick is down or remains down, the real volume of the tick is categorized as sell volume and added to the total sell volume of the bar that the tick belongs to.
In this mode, the indicator functions on both historical & real-time data. However, please be advised that historical and real-time calculations of the same bar may not be 100% identical, due to technical limitations.
3. UpDownTick_UnitVolume
This mode is the one & only choice for instruments without real volumes (forex, CFDs, indices).
Buy volume & sell volume are defined as follows:
- Buy Volume: If a tick is up or remains up, a unit volume (1) is credited as buy volume for the tick and added to the total buy volume of the bar that the tick belongs to.
- Sell Volume: If a tick is down or remains down, a unit volume (1) is credited as sell volume for the tick and added to the total sell volume of the bar that the tick belongs to.
In this mode, the indicator functions on both historical & real-time data. However, please be advised that historical and real-time calculations of the same bar may not be 100% identical, due to technical limitations.
