Searching for entries matching tape, looking in keywords for any words Found 2 matching entries
Entries
309
Zondor
Noticed when writing my trading journal (so glad I found this forum, thanks Mike, and all those I've learned from) I was constantly noting the DOM. So, decided to have an indicator that visualized it.
This is ladder based on jtRealStats code (NT downloads) and looks at the ending cumulative volume of bids and asks for each bar. In the code I limited the idx to the 5 levels above and below. Previous postings have noted that a equally-weighted and heavy DOM is one sign of Barb Wire (AL Brooks). Thus, a vaccum for your trading $$$.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NO (sam028)
April 8th, 2010 04:18 PM anniebee321 i cannot see any data associated with this indicator?
January 10th, 2010 12:55 PM GoldStandard Thanks again for this tool. It's interesting to be able to view how the buyers/sellers order relationship changes at cer
tain points.
I ran across a site you might find interesting that is doing some work with order book analysis: tradingphysics.net. The
y have some interesting oscillators based on level 2 data & claim to have achieved quite a high success rate with them.
(i have no association with them)
I have a small request if its not too much trouble. For me it's a little bit counter-intuitive that the Total Buy line g
January 9th, 2010 09:18 PM GoldStandard Nice work and thank you! I'm trying this out now on replay mode.
January 7th, 2010 12:44 PM cclsys Thxs alot. I like indicators that give straight info that is otherwise hard to see (like Vwap and POC etc.). I also look
at the DOM alot and suspect this visual translation will prove helpful in learning to read various situations better.