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Smart money volume - a great example
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Smart money volume - a great example

  #31 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 88 since Jun 2009
Thanks: 35 given, 84 received

In the variables section, modify this line:

int[] binThresh = new int[4] { 5, 50, 100, 10000 };


David

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The following user says Thank You to David for this post:
 
  #32 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
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Posts: 677 since Jun 2009
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cunparis View Post
I did a bit of googling on him. Seems he has created new websites several times, each time abandoning the old one and its customers. In the past he had a book or dvd for sale for $100-$200. They say the DVD isn't bad but it's 29 minutes long. A short DVD is a bit disappointing when that's not stated clearly upfront (he makes it look like a 4 hour trading course). He uses some kind of hi-low technique where you keep a buy stop above the last high in a declining market. The idea is to get it on a trend reversal. They said that wouldn't work by itself but he has additional filters/indicators. This new bid/ask pressure thing seems to be a new thing and so he creates a new site. Only this time it's $2000! "to reserve your seat". Yes it is humorous.

Everytime I see something for $1000+ it turns out to be uninteresting. Once bitten twice shy..

My opinion now is his example was cherry picked, but I think it's worth investigating it to see if there's anything there. I'll look at it this weekend.

Cunparis,

Thanks for doing the background check. It pays to know what your dealing with.

My research into what he is selling will continue.

Sometimes I'm stunned by how close some developers get to something great, but fail to see it becouse of the way they view the indicator.

Then again, alot of my research goes out with the trash.

RJay

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  #33 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 88 since Jun 2009
Thanks: 35 given, 84 received


He posted this thread in the NT forums.

orders filled outside of market - NinjaTrader Support Forum

Presumably his automated strategy, which he is giving away when you enrol on one of his courses, is based around his post.

David

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  #34 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
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Posts: 2,563 since Jun 2009
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First attempt at Malcom's bid pressure

Here is my first attempt at his bid pressure indicator. I coded up something and had no idea if it'd work. Since this only works real time one has to let it run for a while before trying another setting. So i'd like to get feedback and then I can make some changes and post them. Again this is just a starting point, I only spent a few minutes on it and then let it run.

top: price with better volume show me to highlight low volume bars
2nd: volume (free better volume indicator from emini watch)
3rd: buy sell pressure (this uses volume at bid & ask):

 
Code
Variables:    Length(5);
Value1 = 100*(BidSize - AskSize) / (BidSize + AskSize);
Value2 = Average(Value1, Length);

Plot1(Value2,"BS Pressure",Cyan);
Plot2(0,"Zero",White);
4th: Tradestation bid/ask volume ratio (this is built-in, I found it while searching the help for bid/ask information)

5th: buy sell pressure 2 - this uses the actual trades:

 
Code
Variables:    Length(5);
Value1 = 100*(UpTicks - Downticks) / (Upticks + Downticks);
Value2 = Average(Value1, Length);

Plot1(Value2,"BS Pressure",Cyan);
Plot2(0,"Zero",White);
Let me know if you have other ideas for the algorithm and I'll try them. I'm relatively new to this bid/ask stuff.

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  #35 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
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Posts: 677 since Jun 2009
Thanks: 726 given, 740 received

I ended up playing with RealStats_SharkyPkg all day.

Renamed it and made a bunch of changes to increase visual comprehension.

The yellow numbers are where the good info is.

The two inner yellow numbers on the right side of chart are change in total bid and ask volume change for that bar, I think.

Top and bottom numbers may be ticks totals above and below the bar open point.

Large multicolor band - volume increase/ decrease/ even for bar totals.

Small band by current bar - level 0 bid and ask.

Yea, I'm a slow learner. I'll figure it out.

Some info is probably wrong. I forgot to take notes.

I have the total bid /ask levels here displayed. I just need to convert them.

Tomorrow is another day.

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  #36 (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

Ran my volume splitter on Friday and posted the chart here with some observations. I'm still not convinced there is an edge but I did find some interesting things on the chart:

https://futures.io/general-discussion/634-how-use-volume-your-trading-11.html#post6538

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  #37 (permalink)
Elite Member
Lumezzane Italy
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Index Futures
 
Posts: 45 since Jul 2011
Thanks: 53 given, 10 received



Hi Big Mike
Do you still have the link to the men tioned indicator? When I try to open your link, I receive an error message. See the attached image
Emanuele67

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