sneak peak suite for NT8 | Traders Hideout


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sneak peak suite for NT8

  #7 (permalink)

Boise, Idaho/USA
 
Trading Experience: Advanced
Platform: Ninja Trader 8
Broker/Data: IB, NinjaTrader Brokerage, Schwab
Favorite Futures: ES
 
Posts: 128 since Sep 2014
Thanks: 37 given, 222 received

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This is how I am using the new tools. The order book as background I think is better than some of the automatic resistance/ support stuff because you can see it coming and going. The large number of trades at a price dots (I have set it to not show most) are helpful, I agree with FuturesTrader 71 on that. Finally I overlay the bid ask delta candlesticks on top of the Direction Indicator System (ADX). After all it is measuring momentum based on past price and the Delta shows you momentum (crossing the bid ask line) in real time. So they were easy to integrate into my existing chart and provide me with information about what others are doing. Trading tick charts I can't use relative volume, these compensate.

Unless you wear the red and green robes of the Order of the Pure Price Trader these tools are a great addition.

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