Maybe I say something without much sense but, what would it be like to apply this indicator to a market with fewer participants but also very volatile as the NQ? I'm thinking of the Ultrabond (UB). I haven't tried it because I don't code, nor am I asking you, it's just an idea. Thank you.

Well, when I do an indicator like that, it's based on a
theory, hypothesis or "hunch" about what Market Maker
is likely to be doing.

Because that is fundamental to trading, it should work
(perhaps to varying degrees) with any similar market.

Depending upon what you mean by "fewer participants", there
may be an effect of extremely low trade rates, which might
limit its usefulness. However, "the Book" usually has a lot of activity,
regardless of whether trades are taking place, so... that's the basis
of the indicator's operation.

hyperscalper

Treasures are mainly operated by large institutions (Market Makers) and not as many "small" traders as NQ or ES.
This makes it possible to see a series of patterns that are constantly repeated (absortion and backticking, etc.) and it is possible to scalp by looking at different ladders. For example, it is much easier to see when the ZB or ZN stops at a price and the Market Makers begin to absorb everything traded at that price than at the NQ or ES that is done in a wider price zone. That's why I wondered if it wouldn't be easier for indicators like the InnerTierSize or TradeFlowRisk to detect this more easily.

Well, I always say each Market has its "personality".

TradeFlowRisk can very nicely show you retail sentiment,
even if the "price" doesn't "move" at all..... That just
Time and Sales balance analysis.

InnerTierSize looks not at Time and Sales, but the
Market Depth (aka "The Book") and there may be a very
"thick" or "thin" book.

The extreme differences between, e.g. Nasdaq futures and
Treasuries could very well call for a differently "calibrated"
response, but I'd say the fundamentals continue to apply, as
they are fundamental to any Trading activity.

That's my story, and I'm usually sticking to it; to paraphrase...

hyperscalper

hi, when its ready? :-) i wold try it out