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Two Line Trading
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Created: by FredyMegaG Attachments:38

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Two Line Trading

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

Hey Fredy,
You can see in Ninja volume bars developing in realtime, you need to change Volume indicator settings Calculate on Bar Close to False.
I'm tried all "delta" I found, not only here, but a bit doubt about correctness of delta indicators as such + on retail data feed.
The thing I'm focused now just raw volume available to us, retailers, as such.
Have you noted funny things like for example, usually when reverse point happen, say bottom, most of volume is on last "down" bar, whereas at "reverse" bars, first to upwards volume is much, much lower
+ Agree with you I can not handle to much colors as well

Will be glad to stay in touch, write at anytime.
Good luck,
Andrew


FredyMegaG View Post
Andrew!

Im also trying to figure out order-flow analysis to complement the strategy, but im really trying to connect volume to the bars to check out the power of the moves!

We can only see the volume bar finished when the price bar closes, but im trying to analyse the volume at the time of the breakout to see if its a powerful move or not..
I really like volume analysis, but coulnt really get the "bettervolume" indicators.... too many colors for me... (worth a look tough!)


I hope we stay in touch! im currently learning about delta bars and order flow... if i find anything useful i'll post!


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  #22 (permalink)
Elite Member
Lisbon
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures / Zen-fire
Favorite Futures: Es
 
FredyMegaG's Avatar
 
Posts: 59 since Dec 2009
Thanks: 19 given, 44 received

I have an indicator that plots volume according to up / down bars (volumeUPDOWN or smth like that... its available either here at futures.io (formerly BMT) or in NT support forum) and i think i get what you mean!
Try getting that indicator. i think that seing the first reverse-color low volume bar after BIG volume is a sign of either reversal or fallback from the main trend

Major reversals have a lot of volume in the last TREND bar... while the first countertrend bar, to where the trend is shifting, has a lot less volume...

Cunparis has a very cool thread regarding volume analysis, i guess he can explain this much more extensively than me...
but i think that those low volume countertrend moves are just fallbacks from the main trend...

I dont mean to analyse bar by bar, but id like to make a corelation between volume and major breakouts to prevent me from entering in fakeouts. havent found this yet..

Have you read about order-flow analysis? i think its quite useful, but im still learning about it... baby steps
(there are some good threads on the VIP section about this but i havent joined the VIP circle yet..baaaaaahh but intending to! many good topics there )

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


Fredy,
I know that indicator, that is really nice + I like it based on "raw" volume.
Because "raw" volume" for us retailers at least can provide more or less accurate info about volume.
As I've mentioned already I a bit doubt in correctness of all "institutional volume" indicators. The one I think could be great is just calculation of "raw" bid/ask cumulative volume
1) Since rollover to new contract
2) Since start of each Globex session
That's without options volume, however will show some part of picture.
Almost the same like COT reports, but on daily basis. There is info that COT long time ago available to institutions on daily basis, whereas we still enjoying weekly reports
That would define real picture of inflow/outflow of market, but I never saw that indicator created for retail. May be that exists on Mike forum or soon will be created.
I really like Sharky's indicator (Zeller_Sharkfin_paintbars) and GMMA consolidation + Peak Volume Price think they are must amongst indicators. Have you saw that indicators ? What do you think about them ?
Also I like cumulative VWAP, especially when it plots daily figures on intraday charts but not yet found that for Ninja
Also I a bit in doubts about defining of trends, because usually it starts there where just a few knows that they starts, when others finally see them and trying to join those who "started" them already closing positions having these others as counterparties. That could be one of the answers why in downtrend final down bar has huge volume whereas next upwards bar from which starts trend up often has much smaller volume. The questions is simple who is buying when all selling, just other stupid retailers ? The same kind of question relates also to tops and bottoms, i.e. reversals if stupid retailers selling at tops and buying at deeps, does it mean we, retailers, driving the market ?
+ Volume not always leading price
What I try to do now is to find simple tools which can help see the above mentioned and using the same simple conclusions just do simple work, so I will be glad to see everybody who interested in the same. (Simply watching market, but having accurate tools)
There are a lot of hype, but actually all based on simple things which are really essential.

Krgds,
Andrew




FredyMegaG View Post
I have an indicator that plots volume according to up / down bars (volumeUPDOWN or smth like that... its available either here at futures.io (formerly BMT) or in NT support forum) and i think i get what you mean!
Try getting that indicator. i think that seing the first reverse-color low volume bar after BIG volume is a sign of either reversal or fallback from the main trend

Major reversals have a lot of volume in the last TREND bar... while the first countertrend bar, to where the trend is shifting, has a lot less volume...

Cunparis has a very cool thread regarding volume analysis, i guess he can explain this much more extensively than me...
but i think that those low volume countertrend moves are just fallbacks from the main trend...

I dont mean to analyse bar by bar, but id like to make a corelation between volume and major breakouts to prevent me from entering in fakeouts. havent found this yet..

Have you read about order-flow analysis? i think its quite useful, but im still learning about it... baby steps
(there are some good threads on the VIP section about this but i havent joined the VIP circle yet..baaaaaahh but intending to! many good topics there )



Last edited by Andrew; January 5th, 2010 at 05:40 AM.
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  #24 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

For those who wanted continuous contract minute data for ES, I uploaded it here:

https://futures.io/free_downloads/vip_elite_circle/274-download.html

Let me know if you get a useful strategy using this data.

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The following user says Thank You to cunparis for this post:
 
  #25 (permalink)
Senior Member
sea side
 
Futures Experience: None
Platform: NinjaTrader
 
Posts: 217 since Dec 2009
Thanks: 86 given, 25 received

Cunparis,
Thank you really a lot
I more than sure that what you uploaded is very useful!
If personally about me ... just 2 remarks, I'm not VIP member yet + I do not trade ES , only treasures and commodities.
Krgds,
Andrew


cunparis View Post
For those who wanted continuous contract minute data for ES, I uploaded it here:

https://futures.io/free_downloads/vip_elite_circle/274-download.html

Let me know if you get a useful strategy using this data.


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  #26 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received

I think it was FredyMegaG who said he would like to backtest with more data, I don't remember.

In the rar there are 6E, CL, & ES. So if you trade CL you may be interested.

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

Fredy,

Have you looked on these 2 indicators both at once ?
Volume Based Color
Volume Color
Links and Downloads Manager - NinjaTrader Support Forum

P.s. Mike I do not know if ok to post link on Ninja Support forum, if that is against rules of your forum, please advise I will delete that link
Krgds,
Andrew

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

Regret no, I prefer to look on treasures and "pure" commodities (those who used in different industries + not "hyped" + where fundamentals means at least something)
Currencies, at my opinion, better to trade via DB.
Thank you a lot anyway. Can you please advise if you will extend list of instruments in that rar ?

Krgds,
Andrew


cunparis View Post
I think it was FredyMegaG who said he would like to backtest with more data, I don't remember.

In the rar there are 6E, CL, & ES. So if you trade CL you may be interested.


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  #29 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


Andrew View Post
Regret no, I prefer to look on treasures and "pure" commodities (those who used in different industries + not "hyped" + where fundamentals means at least something)
Currencies, at my opinion, better to trade via DB.
Thank you a lot anyway. Can you please advise if you will extend list of instruments in that rar ?

Krgds,
Andrew

I don't have data subscriptions to commodities (CBOT for example I do not have) so I can't do it.

It's ok to post links to other sites.

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


That means that you have data subscription to CME or some others as well?

Krgds,
Andrew


cunparis View Post
I don't have data subscriptions to commodities (CBOT for example I do not have) so I can't do it.

It's ok to post links to other sites.


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