Volume profile indicator

VolumeProfile Add-on

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The name shown in the indicators list is DValueArea 

Set up a template for : RTH HERE

                                      : ETH HERE

In order to use the template u must go to the Program Files⇒ NinjaTrader8 ⇒Templates ⇒TradingHours folder and place the 2 RTH and ETH files there. Restart NinjaTrader for the change to take effect/.

After that on you indicator chart list when you will add the DvalueArea indicator twice, the first one with RTH template and the second with the ETH template.

NOTE : The template works only on the original NT8 Volume Profile indicator that comes with the lifetime license

 A good video to start with is here:

https://www.youtube.com/watch?v=N1ymLIZd5lM

To use the Volume Profile indicator in NinjaTrader, you first need to install it. You can do this by going to the Control Center > Tools > Import > NinjaScript Add-On and then selecting the Volume Profile indicator from your computer
Add the indicator to your chart: Once the indicator is installed, you can add it to your chart by going to the Chart menu > Indicators > DValueArea.
Configure the indicator settings: The Volume Profile indicator has several settings that can be configured. These include the number of periods to include in the calculation, the aggregation type (e.g. time, ticks, or volume), and the color scheme for the indicator. You can access these settings by right-clicking on the indicator in the chart and selecting “Properties.”

You can also download another addon RangeVolumeProfile RangeVolume Profile and here see the setup explained

RangeVolumeProfile

FREE DOWNLOAD

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The Volume Profile indicator is a technical analysis tool that displays the distribution of trading volume across a specific price range. It is often used by traders to identify key levels of support and resistance, as well as to identify potential areas of buying and selling pressure.

Use the indicator in conjunction with other indicators and analysis: The Volume Profile indicator is a powerful tool, but it should be used in conjunction with other indicators and analysis to confirm the strength of a particular support or resistance level.

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