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.
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.
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?
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.
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?
Look at Zondor's newest RealStats Indicator (posted in the Elite Circle) then check out my posts on the DOM_Bands Thread by GoldStandard & Previous posts there & in my Journal. I use RealStats to see the Bid/Ask (10 levels of each) and DOM_Bands to plot only the closest 5 each way.
It clearly showed Yesterday that the RealStats was imbalanced @ 1100, and DOM_Bands displayed this as the difference line dropping below the bid. When the Supply/Demand is this lopsided the market is Road Blocked in one Direction.
The following 2 users say Thank You to ZTR for this post:
NEW! Updated on March 1 because of run time errors in NT7B10. Cleaned up the code in the OnMarketDepth method, and removed list row creation from Plot method.
The Histogram Width Factor gives you full control of that width, and is a double, not an integer. …
The following user says Thank You to Zondor for this post:
Many thanks for your quick help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Has anyone a "translated" NT 7.06 Version of "Dom Bands" too? Saw it in the above post and I´m very interested in, as I´ve not any programming experience I need your help again
