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Trade Point Technologies

  #42 (permalink)

Hartford, CT. USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: RTY
RJay's Avatar
Posts: 685 since Jun 2009
Thanks: 745 given, 768 received

I want to thanks all the naysayers for their opinions!!!

But, this is a thread to pursue indicators used by Trade Point Technologies.

Please take off topic personal opinion/ nonrelated posts to other threads!!!!


Back to topic!!!

UrmaBlume states the following,

It is not total volume that drives price but rather it is an imbalance in order flow that drives price.

Markets up on big volume is not as bullish as up on small volume. When there are no sellers it is easy for price to move up and move up on small volume.

Trade is inherently very imbalanced, and that imbalance is what drives price.

Imbalance in Volume drives price, not total volume !!!!

My first step is to make indicators that accurately track contract levels movements in real time.


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