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I am looking for any developments or already finished products for an indicator that measures the stengh of delta (or bid and ask separately) over price.
I have not reached to a formula to attempt building an indicator, but thinking on 3 ways of measuring this:
By period: Last negative delta/last change in price on the last period where last delta was negatiive
and: Last positive delta/last change in price on the last period where last delta was positiive
or by price range measuring: needed delta or bid volume needed to move price up 1 range (and oposite for range down)
or by tick (measuring by ticks/trades how effective fid and ask volumes were to move price up or down)
I have not been able to finalize the math/logic for the indicator. I do not have the programming skils nor the trading knowledge to come up with something like this on my own.
The theory I am chasing is that delta becomes more or less efective in moving price up or down (which is the same as saying that price moves has a changing sensitivity to bid and ask volumes). Then hopofuley that measure can help predict future delta or absortion period.
If any of you have seen an indicator following a similar path, please let me know where I can find it. Or we can start a thread discussion about this matter.
Regards,
Can you help answer these questions from other members on NexusFi?
You should try playing with the strategy wizard. If the trend line is an object that the wizard recognize you should be able to put your logic and uild the strategy with not a lot of effort.
Typically, these "ask any question" inquiries are from relatively new users who are not yet familiar with how the forum works, and we create a new thread for their question in a relevant section of the forum, so that other members with a knowledge of and an interest in the topic will be likely to see it, and we then copy their post into that thread. Generally this has worked fairly well.
In your case, you clearly know all about navigating the forum, and in fact, when you wrote "Or we can start a thread discussion about this matter," you suggested exactly what we recommend, to start a dedicated discussion thread, and you have begun the discussion already in your post.
However, we will need to not have that discussion in this thread (which is just a temporary location), but to get it out into the larger community. So I have created a new thread for your question, and have copied your post into it. Since you have listed NT as your platform, the new thread has been located in the NinjaTrader section, and you can access it by clicking this link:
Looking for an orderflow based momentum/strength indicator.
I am looking for any developments or already finished products for an indicator that measures the stengh of delta (or bid and ask separately) over price.
I have not reached to a formula …
I hope the discussion works out well for you.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I see that you have already found an existing thread for you question, which is probably the best place for it, and where I would have directed it, to have the best likelihood of getting an answer.
For anyone with the same question who comes across this post, here is the link to @garciaal's question in the existing thread:
@garciaal, considering when the other posts were made in the "Trendline Trader for NT" thread just referenced, I would expect not. They are pretty old. It is possible that there is an NT8 version, or that another indicator has been created since then that does this job.
So here is my suggestion:
I will create a brand-new thread in the NT section of the forum for your question, titled "Need an auto trendline indicator for NT8," and copy your first post there. This will give it a fresh start, not connected to the old thread. Hopefully, someone will pick this up and will be able to reply. The new thread can be found by clicking here:
garciaal made this request in the "ask any question" thread. He had already found an old pre-NT indicator by vvhg, vvTrendline Trader, but no luck with anything current.
(Note to garciaal, you may need to supply a copy of the indicator you …
Often you can get a new indicator created, or someone may know of an existing one.
If you have additional questions, it is best to use one of those threads, because they will be closer to your topic.
Good luck.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
NT8 what does this mean, are there some new charges being levied???
Your Market Data subscription renewal transaction was SUCCESSFUL for April, 2023. You are subscribed to CMEGROUP_TOP. You can refer to our FAQ if you have any questions on how to manage your market data subscription.
Typically in this "ask any question" thread, we just create a new thread for the persons' question in whatever section of the forum that is most concerned with the topic, and then copy the question post into that thread. The idea is that it will have more visibility there and will be more likely to be answered there.
In your case, it's actually much simpler than that. There is already a "NinjaTrader Brokerage Services" thread in existence, and that is the best place to get a correct response, since it essentially is the official NT thread.
I have copied your question into that thread. You can access it by clicking this box:
NT8 what does this mean, are there some new charges being levied???
Your Market Data subscription renewal transaction was SUCCESSFUL for April, 2023. You are subscribed to CMEGROUP_TOP. You can refer to our FAQ if you have any questions on how to manage …
You should check that location for any replies, and use that thread for any additional questions or comments about NT issues.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
modified the indicator SIM22_LRC .. to have control over the color of each band .. AND added two bands to each side .. useful if chart is time based .. not that valuable if using RENKO or other chart types .. properties can be set so the additional bands are not visible ..
also modified the indicator amaVWAPDaily (also, the others in the set) .. have control over the color of each band ..
did this to facilitate teaching my children to trade .. the concept is >> when price approaches the BLUE area start thinking of BUYING .. which basically means pushing the BLUE button on the strategy panel .. vice versa for the RED area
I did not create these indicators and not sure I should post them to download section without SIM22's and/or FatTails' permission ..
