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Buy-Sell Pressure NT8   download

Please, download and try the add-on before buying. Evaluation period is 12 days.

Add-on for NinjaTrader 8 Trading Platform.


Visualize Delta

Buy-Sell Pressure NT8 (BSP) is a tool which allows you to visualize different kinds of Delta (Volume- or Tick-based, Cumulative or Per Bar, calculated by Bid vs Ask or UpTick vs DownTick techniques) in various ways.

I. Add-on Installation/Update

It is recommended to use the standard way to remove/install add-ons in NinjaTrader. The most recent versions of all add-ons are always available to download from the homepage.

  1. Remove previous assembly if you have one installed:

    • Run your NinjaTrader, go to the 'Tools' menu and click 'Remove NinjaScript Assembly…' menu item.
    • In the list of installed assemblies appeared select the indicator you wish to update and press 'Remove' button.
  2. Restart NinjaTrader.

  3. Download the latest assembly (.zip file) from the homepage or request a direct link by email.

  4. Install downloaded assembly:

    • Go to "Tools" → "Import" → "NinjaScript Add-On…", select downloaded .zip file and press "Open". Then if the installation was correct you will see the success message.
    • Restart NinjaTrader!

Note: Various Dt add-ons are relying on the same "DiscoTrading.Common.dll" library. NinjaScript Assembly contains the most recent version of the library, so you have to click 'Yes' when asked for replacement of the file during installation.
Replace the common dll library

Remember, it is required to restart NinjaTrader after add-on installation before you can add a just installed indicator to a chart.

II. Core Settings

IV. Visualization Modes

It is important to note that Buy-Sell Pressure NT8 indicator does not produce any kind of signals! The only purpose of the indicator is to visualize different kind of Deltas (Volume- or Tick- based; calculated by 'Bid vs Ask' or 'UpTick vs DownTick' techniques) in various ways.

Delta Conv/Div Marks

The indicator can be applied to both Price Panel and Sub-Panel in this Visualization Mode. Set manually the 'Visual'→'Panel' property to "Same as input series" in order to plot Delta Marks right on price chart.
Delta Conv/Div Marks on both Price Panel and Sub-Panel

The 'Delta Conv/Div Marks' is an experimental mode intended for retrospective visual analysis of how various Price Swings are relating to each other by Delta accumulated during Price Swing formation.

This is not about numbers. This, on the contrary, is just one of the ways to visually investigate relation of Delta and Price (Price vs Delta convergence/divergence) at most interesting points and maybe to invent new trading ideas.

Basically, the indicator utilizes simple principle of Zig-Zag study to highlight price legs between extreme price points (aka Local Pivot Points, Price Swings) based on user defined threshold value. This way it helps filtering the noise in price charts to visually denote meaningful Price Swings.

The 'Price Deviation Threshold' parameter defines threshold value of price movement to detect new local price extreme.
Note 1: The parameter must be greater than Tick Size of traded instrument!
Note 2: dt Buy-Sell Pressure identifies local price pivot points on sub-bar basis, tick-by-tick. Thus, the indicator may detect several actual price swings inside one bar when using too high timeframe in conjunction with too low 'Price Deviation Thresh.'
Sub-bar Zig-Zag — Price Deviation Threshold parameter
It is necessary to fit the 'Price Deviation Threshold' value suitable for your traded futures contract and chart timeframe.

The capability of the indicator to plot Price-based Zig-Zag superimposed on Cumulative Delta graph gives an easy way to assess Delta-vs-Price divergences:
Assess Delta Vs Price divergence by comparing Zig-Zag legs

Delta Marks provide another way to assess Delta-vs-Price relations. A Delta Mark simply illustrates the sign and relative value of Delta accumulated during Price Swing formation at three various points of the formation: "On-Touch", "On-Breakout", "On-Local Extreme Formed".
That's all!

Thus, a Delta Mark consists of two elements:

And once again…

On-Touch Mark — this sort of Triangle Mark will demonstrate the cumulative Delta calculated starting from a formed Local Low or High  of a Price Swing to the moment when price touches that Local Low or High (Local Extreme) the most first time.
On-Touch Delta Mark

On-Breakout — this sort of Triangle Mark will illustrate the cumulative Delta calculated from a formed Local Extreme of to the moment when price breaks that extreme.
On-Breakout Delta Mark

On-Local Extreme Formed — this sort of Triangle Mark will illustrate the cumulative Delta calculated from a previous Local Extreme to the next one (from one Local High to the next Local High or from one Local Low to the next Local Low). On-Extreme Formed Delta Mark

By default, all these kinds of Marks are enabled, so your graph may look too littery and unsuitable for visual analysis. You should enable just one kind of Marks at a time to make your chart more suitable for analysis. Use 'BSP Control Panel' to easily turn ON/OFF Delta Marks.
BSP Control Panel in the Delta Conv/Div Marks mode

It is also possible to hide Leg Lines by assigning 'Transparent' color, if necessary: Hide Leg Lines of Delta Marks

Please, download and try the add-on before buying. Evaluation period is 12 days.

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