A New Candle Type (Chart style) for NT 8: PVDeltaCandle

PVDeltaCandle: Delta or Half Indication Candle

As NinjaTrader support new chart types at version 8, a new one for a general purpose created.
This version shows and use the normal NT 8 candle stick but half and only half (that's important!) of the candle is reserved to be painted by any indicator defined colors (If not defined, it uses same as the original one).  Usually the whole body will be painted to the indicator defined and some of the original information will be lost in that case (up/down color). Use this candle with those kinds of indicators.

The reason to create this one was based to idea to create an adaptive bar type with delta information but as that kind of extra information can't be read directly from the bar (although the bar creation process would be the best place to calculate that information)  and an indicator needed anyway to strategies to utilize the information, it was left out from coming revolutionary adaptive REAL Time Volume Range (not virtual in any sense) bar type. (See the blog during coming weeks, update: here).

Other: 

The naming could be something else as this is a general one and many indicators are better with this candle type.

Download: PVDeltaCandle_NT8

Purchase: PriceGroup 3

License: PVBars

This is going to be part of the coming PVBar collection, but be free to test this so far... (Update: attached to the same license)  If you need any more test time, just send me a note and your machine ID.


An example use of this Half Indication Candle is in the above picture:
A delta information projected to the candle. If you need that kind of powerful indicator, you can download it at the same time as attached to the PVDeltaCandle_NT8. Part of those PVDeltaDivergence indicators. This PVDeltaRealTick is based to one bar only but can be very useful with that coming Adaptive Bar type. (Actually, you can see that new bar in the picture already).

and single bars zoomed in:

and picture from the indicator (PVDeltaRealTick) side:

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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