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Number bars indicator - Order Flow Sequence
Started: by pinozi Views / Replies:1,270 / 7
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Number bars indicator - Order Flow Sequence

  #1 (permalink)
Trading Apprentice
Sydney, Australia
 
Futures Experience: Intermediate
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Number bars indicator - Order Flow Sequence

Hello fellow Sierra Chart users

I use number/footprint charts on Sierra and I was watching this webinar from NOFT traders

They have a couple of indicators which colour the charts in certain ways on Ninjatrader and I was wondering if anyone here could adapt the principles to Sierra Charts - I have attached a pic to make it a bit clearer

The first is Responsive Selling (RS) - This is the part of the footprint charts on the offer side which is coloured in solid red. From what I gather its when there is decreasing volume on the offer side as the bar hits a high

The second is Responsive Buying (RB) - these are the boxes which are coloured in lime green in the chart - from what I gather it looks like there is decreasing volume on the bid side as the bar hits a low

Lastly is the trapped traders - these are Yellow/orange boxes which usually occur at a high or low of a bar - it looks like some sort of volume filter

I haven't been using footprint charts for long so apologies if this has been discussed in a previous thread. I couldn't find it in these forums

Cheers

P

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Number bars indicator - Order Flow Sequence-order-flow-indicators-noft.png  
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  #2 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
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The problem that I have with footprint charts is they have so much info within them that making a decision can be overwhelming. Obviously this depends on time of day especially when using tick/ range/ renko charts as opposed to time based charts.

There's a trade room called The Rational Trader that uses SC numbers bars for plotting trade signals on a candlestick chart. I think the basics are acceleration, absorption based on bid-ask. The concept is similar to what you have here, heavy bid numbers (skew) but not making lower lows (absorption) and then acceleration would be making lower lows, higher highs etc.

-William

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  #3 (permalink)
Trading Apprentice
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emojitrading.com may deliver what you're describing.

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  #4 (permalink)
Chief Bottle Washer
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Bogus link suggestion

Please don't post this crap

https://www.google.com/search?q=emojitrading&ie=utf-8&oe=utf-8

https://www.google.com/search?q=emojitrading&ie=utf-8&oe=utf-8#q=emoji+trading

-William

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  #5 (permalink)
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Futures Edge on FIO
I beg to differ! If you visit emojitrading.com you will find a set of order flow indicators for Sierra Chart. I use them!

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  #6 (permalink)
Chief Bottle Washer
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Post a link please

-William

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  #7 (permalink)
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www.emojitrading.com Emoji Trading - Order Flow Analysis for Sierra Chart


Last edited by binaryduke; July 31st, 2016 at 10:55 AM. Reason: Typo autocorrect
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  #8 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
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Thank you

-William

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