[Ensign] has this been done before? - Platforms and Indicators | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Platforms and Indicators

has this been done before?
Started:April 12th, 2010 (01:13 AM) by traderTX Views / Replies:542 / 2
Last Reply:April 12th, 2010 (01:35 AM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

has this been done before?

Old April 12th, 2010, 01:13 AM   #1 (permalink)
Elite Member
pittsburgh, pa
Futures Experience: Intermediate
Platform: Ninjatrader, ensign, wave59
Broker/Data: IB , AMP/ cqg
Favorite Futures: ES, CL
traderTX's Avatar
Posts: 141 since Mar 2010
Thanks: 47 given, 34 received

has this been done before?

i had an idea for a customized indicator using the bid and ask volumes.
i wonder if it has been done?
and whether it would give any pert information?

it would simply take the difference of the bid and ask over a user-specified number of bars.
so for example, on a one minute chart, i might have a running tally of the last 10 bars' net bid-ask volume.

the purpose would be to show accumulation or distribution on a specific time frame.

yes, i use the bid/ask histogram now that shows the bid and ask volume for each period.

Reply With Quote

Old April 12th, 2010, 01:13 AM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old April 12th, 2010, 01:35 AM   #3 (permalink)
Trading for Fun
Dallas TX/USA
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
Posts: 154 since Jun 2009
Thanks: 33 given, 279 received

It's alright, kinda makes it look like an oscillator of sorts. Some of my first bid/ask indicators were simple SMA's of the bid - ask volume... which is equivalent to what you are describing only scaled by a factor (if I understood your post, anyway). In 2008 there are pictures of it on my website. Like... for instance... Daytrading Exxon Mobil Corporation (NYSE: XOM)|Move the Markets but there are lots more if you dig around.

I can't say it's better or worse than the simple bar-by-bar bid-ask volume, because it always depends on what you are wanting to see. Both have their uses.

Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Platforms and Indicators > [Ensign]       has this been done before?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

All times are GMT -4. The time now is 08:37 AM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-24 in 0.08 seconds with 19 queries on phoenix via your IP