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Power Meter for Ninjatrader (like Jigsaw or similar)


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Power Meter for Ninjatrader (like Jigsaw or similar)

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  #1 (permalink)
Tor28
France
 
 
Posts: 3 since Dec 2020
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Hi everybody!


Is there any Power Meter indicator for NT8 please? I'm talking about a similar Jigsaw's Power Meter.

Thanks

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  #2 (permalink)
 Deetee 
Amsterdam
 
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Tor28 View Post
Is there any Power Meter indicator for NT8 please? I'm talking about a similar Jigsaw's Power Meter.

Hi Tor28,

Could you please explain what this indicator exactly does?

Thank you
Deetee

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  #3 (permalink)
Tor28
France
 
 
Posts: 3 since Dec 2020
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Hello!

The Power Meter measures the buying or selling strength of the market at a given time.

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  #4 (permalink)
 fivewhy 
Fort Lauderdale, Florida, USA
 
Experience: Beginner
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Tor28 View Post
Hello!

The Power Meter measures the buying or selling strength of the market at a given time.

Pretty vague, huh?

I think what @Tor28 means (and maybe I'm wrong) is that it shows the amount of aggressive buys and aggressive sells within the last X seconds or X transactions/ticks or since the last time the user hit the "reset button" or since whatever, on a rolling-forward basis. And when I say, amount of trades, the "amount" could be counting transactions/ticks or contract volume.

If someone were to implement this, ring buffers might come in handy.

This should give a better idea:


To me, it's just a different way of showing and assessing delta. I think there are better tools for this but different folks work better with different tools. I would like to see how this tool is used for non-scalping trades. It cause me to o over manage my trades.

Having said all that, if there is difference in what OP meant then please correct me.

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  #5 (permalink)
Tor28
France
 
 
Posts: 3 since Dec 2020
Thanks: 0 given, 1 received

Hello

In this video, above, the Power Meter (red-blue ) is between the DOM and the Tape reading.

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