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Edevaay by @devdas


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Edevaay by @devdas

 
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
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hoolio View Post
I think the NT8 footprint market is swamped and there are already some very good ladders out there.


Sent from my iPhone using futures.io

I believe that's why @devdas didn't create just "another volume ladder". this one will be different. but we'll just have to wait and see ...

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Can you help answer these questions
from other members on NexusFi?
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NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
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Trading Reviews and Vendors
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devdas's Avatar
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
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Hello,

Merry Christmas and Happy New Year,

Edevaay is offering a New Year combo offer on its products for limited period.

https://www.edevaay.com/offers/

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my NexusFi Trade Journal
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Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


the new version comes with a free indicator that will make the "accumulation number" visible. those numbers show the activity in congestion, non trending, reversals or continuation halt. with that information we can look for patterns and use them as trade location or simply as a confirmation tool.

https://www.edevaay.com/tool-box/activity-bars/

2 of such patterns are explained:

- consecutive accumulation




- swap bars




yet another great idea and very useful tool by @devdas. congratulations

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 longshot99 
uk
 
Experience: Intermediate
Platform: tradestation
Posts: 6 since Jul 2010
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Hi,

In the new charts showing the activity bars I was wondering somebody could explain what is mean to by a swap bar and what can it be used for?

Thanks
longshot99

 
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527

I like to sell near a swing high and to buy near a swing low. interestingly we get consistently an accumulation number at those highs and lows with the activity bars. I'm not saying we should buy/sell every time a number shows up, but maybe check before we enter a trade if we have one of those numbers.

example for a possible trade (from yesterday):

- location = 2nd upper sd band
- we have an accumulation number
- nice divergence, positive delta with a down bar (second picture)






I would say those are good reasons to consider a short.

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Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527

I have to say those accumulation numbers are quite fascinating. I don't know how they are constructed, but nevertheless even with the increased volatility, they're very useful.

like mentioned before, it's not a good idea to take every single number that shows up, but confirmed with very simple rules like vwap, imbalance levels, delta divergences etc, they're certainly helping to make the right decision. (also I do understand that there might be some serious slippage problems these days)

anyway I was wondering if someone else testing those bars has a similar experience.




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 dk27 
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
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Very interesting indeed. @devdas can they be tested?


Silvester17 View Post
I have to say those accumulation numbers are quite fascinating. I don't know how they are constructed, but nevertheless even with the increased volatility, they're very useful.

like mentioned before, it's not a good idea to take every single number that shows up, but confirmed with very simple rules like vwap, imbalance levels, delta divergences etc, they're certainly helping to make the right decision. (also I do understand that there might be some serious slippage problems these days)

anyway I was wondering if someone else testing those bars has a similar experience.





 
 watrader 
Stuttgart, Germany
 
Experience: Master
Platform: NinjaTrader
Broker: IB
Trading: ZB, EUR, ES
Posts: 106 since Dec 2010
Thanks Given: 68
Thanks Received: 44

Hi Silvester17,
may I ask what type of "candles" do you use for the upper screenshot

Thanks
Walt



Silvester17 View Post
I have to say those accumulation numbers are quite fascinating. I don't know how they are constructed, but nevertheless even with the increased volatility, they're very useful.

like mentioned before, it's not a good idea to take every single number that shows up, but confirmed with very simple rules like vwap, imbalance levels, delta divergences etc, they're certainly helping to make the right decision. (also I do understand that there might be some serious slippage problems these days)

anyway I was wondering if someone else testing those bars has a similar experience.





 
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


watrader View Post
Hi Silvester17,
may I ask what type of "candles" do you use for the upper screenshot

Thanks
Walt

it's the same chart in both screenshots. the top chart is just a little compressed to have a better overview.

the candles are GomOrderFlowPro:

https://www.gomicators.com/order-flow/

Started this thread
 
 watrader 
Stuttgart, Germany
 
Experience: Master
Platform: NinjaTrader
Broker: IB
Trading: ZB, EUR, ES
Posts: 106 since Dec 2010
Thanks Given: 68
Thanks Received: 44


@Silvester17
Ahh. Ok. Thanks.

I have thought about this concept and wondered what advantages it should bring. The activity bars are composed of tick data. That's an advantage over candles.
The numbers show events occurring within the Activity Bar. We don't know what these events are. The more events, the higher the number.
What now?
I'm confused.


 



Last Updated on January 31, 2022


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