Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
As you know I don't get very excited about indicators.....but......I'm afraid in this case I'm going to have to make an exception. Because the big fat dots on my chart are the new "Shark Attach"
I found out that they seem to work best on the YM with a 12 range bar chart. Keep in mind these suckers paint IN REAL TIME.
Now I don't think we can necessarily check our brains at the door when we use this indicator but it might help !!
Sharky you're just impressing the hell out of me ! I have never seen any indicator call trades so accutately.....ever. My hat is off to you oh many toothed one.
Can't wait for the finished version. I don't know if it could get any better.
Tick charts equal the number of trades, so a 100 tick bar represents a bar where a 100 trades have taken place. Nothing in these indicates time or volume(no. of contracts)
Volume bars represent the number of contracts(volume) traded. 1000 volume bar means 1000 contracts traded and then a new bar. Here no indication of time, or trades.
So to duplicate those contract bars in Ninja just use a volume bar.
Thanks for clarifying that for me. I usually use Range bars, since IB's "tick" data, if you can call it that, is lacking, so I switched to range bars awhile back & never really invested a lot of time in learning about tick vs. volume. Thank you.
After all, it's what you learn AFTER you know it all, that counts!
Agreed , you also need to consider the true risk while the trade unfolds . If you have an 8 tick stop , that is your maximum tolerated stop amount . If that trade only goes against you 3 ticks and begins to profit and you exit with a 3 tick profit because of a signal to exit you still incurred a 1/1 RR .
