I had a message from a member today referring to 'trading naked'. It sounds romantic, but really it's a method of trading that comes down to fundamentals such as price actions and volume spread analysis. This reminded me of a package available on the Ninjatrader forums. This piece of Ninjascript annotates the price with some good pointers comparing volumes using the VPAanalysis indicator.
There's also a volume histogram included that has a VOLMA included. If you are trading big swings then this come in very handy!
Below is an example screenshot of a trend that picked up in the 16:40 @ Nottingham:
You can download the indicator directly from:
http://www.ninjatrader.com/support/forum/showthread.php?t=12908
If you are interested in this form of trading and I know many are, in particular Betfair traders most of which do trade 'naked', then there are some very impressive indicators available here:
http://fin-alg.com/marketbalance.html
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