Does anyone use the JTstats histogram? - Traders Hideout | futures io social day trading
futures io futures trading


Does anyone use the JTstats histogram?
Updated: Views / Replies:8,855 / 17
Created: by Dragon Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Does anyone use the JTstats histogram?

  #1 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 257 received

Does anyone use the JTstats histogram?

How do you trade with it? Do you think its better than a simple VolumeUpDown? Maybe the author of this indicator could chime in. I do not see yet how its superior to VolumeUpDown. However, I would like some opinions on this.

Reply With Quote
 
  #2 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 681 since Jun 2009
Thanks: 734 given, 749 received


Dragon View Post
How do you trade with it? Do you think its better than a simple VolumeUpDown? Maybe the author of this indicator could chime in. I do not see yet how its superior to VolumeUpDown. However, I would like some opinions on this.


Dragon,

You are comparing apples and oranges!!!

VolumeUpDown indicator displays market orders.

JTstats indicator displays bid/ask book orders.

Which one???

It all depends on what you are trying to achieve.

RJay

Reply With Quote
 
  #3 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 257 received


Thanks RJay. I guess I better do some more reading on volume

Reply With Quote
 
  #4 (permalink)
Just starting out...
Prague
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 23 since Aug 2009
Thanks: 0 given, 3 received

If you use it on bar close, meaning it showing you the majority bias of orders from the previous bar being long short or neutral, some use it as a confirming tool to enter trades based on other things as well. If you want to use it not on bar close then you will be having lots of trades and commissions very quickly.

Reply With Quote
 
  #5 (permalink)
Elite Member
Sydney, NS
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: TF,S,GC
 
cclsys's Avatar
 
Posts: 607 since Nov 2009
Thanks: 248 given, 383 received


RJay View Post
Dragon,

You are comparing apples and oranges!!!

VolumeUpDown indicator displays market orders.

JTstats indicator displays bid/ask book orders.

Which one???

It all depends on what you are trying to achieve.

RJay

RJay: first, thanks for your Jstats indicator. Sometimes I am using it quite a bit in conjunction with Dvalue on the left. Sometimes I don't use it at all and just look at price bars. I find it a little hard to look at both!

What exactly is the difference between market and book orders?

Reply With Quote
 
  #6 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 681 since Jun 2009
Thanks: 734 given, 749 received


cclsys View Post
RJay: first, thanks for your Jstats indicator. Sometimes I am using it quite a bit in conjunction with Dvalue on the left. Sometimes I don't use it at all and just look at price bars. I find it a little hard to look at both!

What exactly is the difference between market and book orders?

Hi cclsys,

Market orders are orders that are executed immediately at best possible fill at current market prices.

Book orders are buy and sell orders placed at specific prices above and below the current market prices. These are the orders that provide supply for the transaction of market orders.

RJay

Reply With Quote
 
  #7 (permalink)
Elite Member
Sydney, NS
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: TF,S,GC
 
cclsys's Avatar
 
Posts: 607 since Nov 2009
Thanks: 248 given, 383 received


RJay View Post
Hi cclsys,

Market orders are orders that are executed immediately at best possible fill at current market prices.

Book orders are buy and sell orders placed at specific prices above and below the current market prices. These are the orders that provide supply for the transaction of market orders.

RJay

Oh! How obvious! I thought you were talking about some deeper subtleties between Level II and Level III's etc.

Question: do you know why we don't see the orders on BOTH sides of the market versus only one side? And do you know if the floor traders have screens showing both sides, or other institutions? I mean, above the price there are stop market and stop limit orders to buy and below the same to sell. Those are in there. Why don't we get to see them?

Reply With Quote
 
  #8 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 681 since Jun 2009
Thanks: 734 given, 749 received


cclsys View Post
Oh! How obvious! I thought you were talking about some deeper subtleties between Level II and Level III's etc.

Question: do you know why we don't see the orders on BOTH sides of the market versus only one side? And do you know if the floor traders have screens showing both sides, or other institutions? I mean, above the price there are stop market and stop limit orders to buy and below the same to sell. Those are in there. Why don't we get to see them?


Working on it!!!

Reply With Quote
 
  #9 (permalink)
Senior Member
sea side
 
Futures Experience: None
Platform: NinjaTrader
 
Posts: 217 since Dec 2009
Thanks: 86 given, 25 received

Dragon,

Where that indicator VolumeUpDown could be found ?

Krgds,
Andrew


Dragon View Post
How do you trade with it? Do you think its better than a simple VolumeUpDown? Maybe the author of this indicator could chime in. I do not see yet how its superior to VolumeUpDown. However, I would like some opinions on this.


Reply With Quote
 
  #10 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
Thanks: 747 given, 257 received


Its stock in your ninjatrader indicators list. Scroll to the bottom.

Reply With Quote
The following user says Thank You to Dragon for this post:

Reply



futures io > > > Does anyone use the JTstats histogram?




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

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri

TopstepTrader (TBD)

Sep 25

RandBots (TBD)

Sep 27

Anthony Drager (TBD)

Oct 4
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MACD with Colored Histogram timefreedom The Elite Circle 9 October 3rd, 2017 01:43 PM
beta MACD Histogram divergence indicator zacharydw00 NinjaTrader Programming 43 May 20th, 2016 02:37 AM
Rockwell MACD Histogram Red/Green stockdisk NinjaTrader Programming 28 May 2nd, 2015 01:55 PM
Volume histogram mysthars NinjaTrader 5 October 14th, 2011 11:13 AM
How to make SMA coloured histogram ? inmax NinjaTrader Programming 10 May 16th, 2011 01:51 PM


All times are GMT -4. The time now is 07:33 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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 2018-09-22 in 0.18 seconds with 14 queries on phoenix