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.
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 )
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.
Last edited by Andrew; January 5th, 2010 at 04:40 AM.
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.
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 ?