About The NinjaTrader® Order Flow “Volumetric” Bar Type
The NinjaTrader Order Flow “Volumetric” bar type allows NinjaTrader users to create a NinjaTrader chart with a data series that is based on another bar type, like 1-minute bars or 100-tick bars, and that displays additional “volumetric” (i.e. quantitative volume-centric) information about the trades that occurred at each of the price levels inside of each bar and that are in aggregate responsible for the open, high, low, close, and volume of the bar.
Volumetric bars, which are also called “footprint” or “TPO” bars, are a powerful analytical tool that can be used to make fully discretionary, semi-automated, or fully automated trading decisions, and are very well-supported by the NinjaTrader NinjaScript API as well as Quagensia N Edition, the no-code strategy builder for NinjaTrader from Quagensia.
To better understand the concepts of volumetric bars and footprint charts in general and learn more about the NinjaTrader Order Flow “Volumetric” bar type specifically, see the user documentation on the Order Flow Volumetric Bars help page on the ninjatrader.com website.
The NinjaTrader Order Flow “Volumetric” bar type does not come free with the free version of NinjaTrader. It requires payment of some kind, such as a paid NinjaTrader license or a paid subscription to an add-on that you can learn more about on the NinjaTrader website. You can learn more on the Subscribing to the Order Flow+ Add-On help page on the ninjatrader.com website.
Building Strategies for NinjaTrader that Use the Volumetric Data of the NinjaTrader Order Flow “Volumetric” Bar Type without Code using Quagensia N Edition
You can quickly add no-code trading logic to a Quagensia N Edition Strategy for NinjaTrader® that “looks inside of price bars” by using the no-code functions that provide access to the numeric “volumetric” information that each bar of a NinjaTrader Order Flow “Volumetric” bar data series (also called “footprint” or “TPO” bars) makes available to NinjaScript® strategies.
