Combining indicators with market profile and orderflow? - futures io
futures io



Combining indicators with market profile and orderflow?


Discussion in Traders Hideout

Updated
    1. trending_up 249 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 1 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Combining indicators with market profile and orderflow?

(login for full post details)
  #1 (permalink)
bavan666
Mumbai, India
 
 
Posts: 28 since Dec 2021
Thanks: 39 given, 53 received

I've been using market profile and orderflow for some time now and this is the first method of trading I'm seeing some consistency in, I was wondering if there are ways to use classical indicators like RSI or MACD (or any other indicators) to further refine and improve my trading odds.

Compared to orderflow and market profile charts, all the other indicators seem to be lagging in nature but if anyone is using any indicator to compliment their approach, maybe for higher time frame sentiment analysis or something else, I'd love to hear about that, thanks in advance!

Reply With Quote

Can you help answer these questions
from other members on futures io?
Paid coding for NT7 to NT8 Custom Plot() conversion
NinjaTrader
Jumpstart Trading
Trading Reviews and Vendors
East West Petroleum Corp - EW (Canada) – EWPMF (USA) …
Stocks and ETFs
TradingView like VOLUME indi for Ninja8 ?!?!
NinjaTrader
CQG historical tick data missing trade direction (buy/se …
Traders Hideout
 
 
(login for full post details)
  #2 (permalink)
 forgiven 
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 748 since Mar 2012
Thanks: 199 given, 473 received


bavan666 View Post
I've been using market profile and orderflow for some time now and this is the first method of trading I'm seeing some consistency in, I was wondering if there are ways to use classical indicators like RSI or MACD (or any other indicators) to further refine and improve my trading odds.

Compared to orderflow and market profile charts, all the other indicators seem to be lagging in nature but if anyone is using any indicator to compliment their approach, maybe for higher time frame sentiment analysis or something else, I'd love to hear about that, thanks in advance!

well market profile uses 30min.. bars . so when price reaches your targeted area and if price has test that area in the last 36 hours or so you can use RSI to look for divergence or lack there of in the indicator and price for a filter of your set up . you can use moving averages or floor pivots as a bias indicator . a example its ok to take a long trade if price is above the 20,50,an 200 EMA . but you can not be short , reverse that for a short trade . example 2 its ok to be long if prices is trading over the mid point floor pivot but you can not be short , you can reverse that for a short . you can use value or developing value as a bias indictor as well . same idea . by eliminating one side of the market it makes things much easier . also it keeps you on the correct side of the trend . that is what kills the majority of traders even when they know better. hope it helps .

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to forgiven for this post:


futures io Trading Community Traders Hideout > Combining indicators with market profile and orderflow?


Last Updated on September 20, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts