How do you use Ninja Trader Volume Zones?

I was wondering if any knew how to trade the "Volume Zones" indicator that is offered on Ninja Trader. I realize this is probable a long shot, but thought I would try.

Thanks

Skyfly:

There is a description along with the code on Ninja Trader support forum about this.

Alternatively, you can see it at http://blog.bigmiketrading.com/search?q=vma

To quote from the above link:
"Longs can be placed once a full bar has closed above the upper line. Shorts can be placed once a full bar has closed below the lower line. You can also use it to know when to exit a trade along similar lines."

Thank you stock, much appreicated

Chad

I thought I would add a little about the volume indicators that NinjaTrader Has to offer:

BuySellPressure Indicator
The BuySellPressure indicator displays both the current bar's buying and selling pressure as percentage values based on the categorization of trades as buy or sell trades. Trades are categorized in real-time as a buy (at the ask or above) or as a sell (at the bid or below).... Trades in between the market are ignored. This is a real-time indicator only. It functions only on real-time data and therefore does not plot any values on historical data. If you change any property, interval or instrument on a chart, this indicator will restart and any accumulated real-time data plots will be lost.

BuySellVolume Indicator
The BuySellVolume indicator displays a real-time horizontal histogram of volume categorized as buy or sell trades. Trades are categorized in real-time as a buy (at the ask or above) or as a sell (at the bid or below) and then color coded .... Trades in between the market are ignored. This is a real-time indicator only. It functions only on real-time data and therefore does not plot any values on historical data. If you change any property, interval or instrument on a chart, this indicator will restart and any accumulated real-time data plots will be lost.


Volume Profile Indicator
The Volume by Price indicator plots a real-time volume profile as a vertical histogram on a chart. Each bar represents the volume (number of trades) that accumulate at each bar from the time the indicator is started or re-started on the chart. Bars are color coded to represent number of buys (trades at the ask or higher), sells (at the bid or lower) and neutrals (between the market). This power volume indicator provides you with instant feedback to guage where support and resistance levels are and if their is accumulation or distribution taking place at those levels. This is a real-time indicator only. It functions only on real-time data and therefore does not plot any values on historical data. If you change any property, interval or instrument on a chart, this indicator will restart and any accumulated real-time data plots will be lost.

Volume Zones Indicator
The Volume Zones indicator plots a horizontal histogram on the left side of a chart that indicates volume levels on historical and real-time data. The length of each bar represents the cumulative total of all volume bars for the periods during which the closing price (user defined price type) fell within the vertical price range of the histogram bar. Each bar is color coded to differentiate up (Close > Open) and down (Close < Open) volume. This indicator is designed for use against historical data only and NOT intended to be used on real-time data. Use the "Volume Profile Indicator" for real-time data.