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Trade Point Technologies

  #89 (permalink)

Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,411 since Aug 2009
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I also believe that intensity (maybe not spikes) can be helpful in trading.

here's an indicator that measures intensity, including bid, ask and total volume. looks kind of nice, but not saying much without knowing what to look for:

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now since I like to pay attention to bid/ask (delta) divergences, I included that with the intensity indicator as well. looking already better:

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like mentioned above, I like bid/ask (delta) divergences. so we can include the delta volume divergence indicator here:

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and when we put those 2 indicators on the same chart, it looks like this:

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that's already a big improvement. but we still can do better

now we also take a look at the volume ladder. here pay we pay attention to the max and min delta divergences. that would have created the following trades (from yesterday and not cherry picked):

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the following would have been the worst trade. still good for 2 points, but could have resulted in a loss:

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have to say, there're a couple trades I wouldn't have taken. those were just examples without considering the actual details from the volume ladder. but still nice trades and I would like to call them the "quadruple divergence"

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