Monitor Liquidity With This Free Indicator

October 13th, 2021

Available for free in the NinjaTrader Ecosystem User App Share, the Liquidity Index for NT8 indicator can help you monitor liquidity in the futures or equities markets.

Provided as open code by QuantWise Trading, this indicator creates a ‘Liquidity Index’ on a scale of 0 to 100, with 100 representing high liquidity and 0 representing low liquidity. This is not a directional indicator, but it can be especially useful when paired with one.

The NinjaTrader User App Share is home to hundreds of free apps and tools, all built by members of the NinjaTrader user community. If you are interested in free indicators, be sure to also check out other popular options like Sessionpivots V43 and MACD BB lines NT8.

Also, be sure to watch this free webinar on liquidity: How Professional Traders Provide Liquidity for Urgent Exiting Traders, hosted by Adam Fiske of The Trading Practice.

Check out all of our free trading videos!

How to Add 3rd Party App to NinjaTrader

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu Tools > Import > NinjaScript Add-On…
  3. Select the downloaded file from your desktop

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