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GOMI all NT7/8 & SC; MP & Orderflow @ Gomicators.com from original GOMI
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GOMI all NT7/8 & SC; MP & Orderflow @ Gomicators.com from original GOMI

  #111 (permalink)
Elite Member
Barcelona / Spain
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: ZenFire
Favorite Futures: CL
 
davidfa's Avatar
 
Posts: 93 since Feb 2010
Thanks: 215 given, 118 received


Sim22 View Post
Thank you davidfa, yes I am interested, however I did a search and could not find it. Would you be so kind as to upload it? Cheers.

Hi @Sim22
found this link that should lead you to the source
https://futures.io/elite-circle/32152-how-do-i-get-persistence-zonder-recorder.html#post418078

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  #112 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,330 since Aug 2009
Thanks: 4,575 given, 10,311 received

things do get a lot easier with nt 8. now you can create a whole session footprint chart without recording 24 hours

I do believe the support / resistance levels created by volume imbalances are quite valuable and useful. not just at the end of the day, but in real time when they form. also naked poc and naked unfinished business are easily detected.

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as a side note: since market delta made those changes with cqg, the footprint learning and explanation sites I was referring to are gone. they were actually very helpful. anyway market delta is putting up some new educational information on their website. not exactly the same, but it's a start.

https://www.marketdelta.com/wp-content/uploads/2016/10/Learning-to-Read-the-Footprint-Chart.pdf

https://www.marketdelta.com/wp-content/uploads/2016/10/footprint-anatomy.pdf

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  #113 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,330 since Aug 2009
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and here's another setup I like. volume ladder and profile side by side. there's a lot of information you'll get this way. not that much different than the previous post. a little more detail (numbers instead of histogram) and also including the profile.

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  #114 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,547 since Feb 2010
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Hello @gomi

Is there Fib aggregation or Ticks per Cell setting in NT8 version ladder, as we had in NT7 open source versions ?

Harvest The Moon
Nest The Market
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  #115 (permalink)
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Paris
 
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Posts: 1,169 since Oct 2009
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Hi @devdas,

Yes there is but it's automatic. when the orderflow is in autosize mode, it will aggregate price levels until the cell has the size of the minimum font size.
The aggregatios is only used to plot bid/ask info in cells, the imbalance calculations are still done on the native underlying non aggregated data.
Here's an example of aggregation off/on
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  #116 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
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gomi View Post
Hi @devdas,

Yes there is but it's automatic. when the orderflow is in autosize mode, it will aggregate price levels until the cell has the size of the minimum font size.
The aggregatios is only used to plot bid/ask info in cells, the imbalance calculations are still done on the native underlying non aggregated data.
Here's an example of aggregation off/on


Consider the possibility of manual selection of aggregation or simply ticks per cell in next update, as it would make better for the instrument like Nifty futures( and almost whole basket of Indian stock futures ) where tick size is legacy extremely low ( 0.05 ) compared to normal trade to trade price jump. Which looks like jumps in price.

OTOH, how criteria for auto-aggregation ensure that chart's horizontal scroll does not affect/change aggregation with auto-vertical-price scale ?

Harvest The Moon
Nest The Market
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  #117 (permalink)
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Hi @devdas,
Yes it could be a good option.

Also, just to mention there are some users who change the nifty tick size directly in the instrument settings, it seems to work OK.

Gomi

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  #118 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
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something for our volume profile lovers. how about a profile that shows vwap, naked poc, naked unfinished auction and volume imbalance.

so many possibilities

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  #119 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
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Silvester17 View Post
something for our volume profile lovers. how about a profile that shows vwap, naked poc, naked unfinished auction and volume imbalance.

so many possibilities

That is unrealistic and not tradable. It is equivalent to trading random lines. Sorry.

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  #120 (permalink)
Elite Member
New York, USA
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: TF, ES, YM, NQ, CL, NG, GC, HG, ZB, ZN
 
Posts: 14 since Oct 2016
Thanks: 14 given, 21 received

Great tool


Hi everyone,

First of all, I would like to commend Gomi for his phenomenal effort and a great job on creating this Order Flow indicator! It's by far one of the best implementation I have seen and surly shines on the both NT and Sierra platforms. I am a recent convert to Sierra Charts from the platform that I have used for many years and at the time my decision was made I had to choose between the NT and Sierra. Another possibility was Multi Charts and Delta but I ended up going with Sierra because of its low cost, tremendous flexibility of customizing and being very light on computer resources compare to other vendors. Sierra also has many followers (although not that many as Ninja Trader) and allows for a wide range of add-ons to be created using directly C++ or C#.

Now, taking this short history trip aside, I would like to convey my suggestions on how the current (most recent) GomiOrderFlow can be improved to benefit a trader even more. Please take in consideration that this is just my humble opinion and by any means NOT a recommendation on how to trade using the Order Flow / Foot Print / Delta tools.

A. I think that to have an ability to customize opacity of the Delta Fill option based on the specific amount of shares / trades made would greatly enhance the depth of information can be read from this indicator. A manual threshold customization option in my opinion is a must for trader to see just by color-code the intensity and the aggressiveness of Buyers against Sellers on the present price level.

B. I also think that having an option to display different elements of statistic for each bar (i.e. Net Delta, Cumulative Delta, Finish Ask Vol / Bid Vol Diff, etc.) at the bottom of the chart would be very helpful (similar to how it is done with Number Bars Calculated Values on Sierra Charts and Market Delta as well as some other vendors).

C. Sierra has a nice feature of setting a custom distance for the right margin on the chart (Lock Fill Space) that allows to add more tools like Volume Profile, DOM, etc. to the right side of the chart without overlapping the Foot Print candles. It would be practical to have this ability on NT as well.

D. From the personal experience, I find that identifying Foot Print bars with a Single Print (low volume level under 10) Buy / Sell at the top or the bottom of the bar could add a value to make the case for a potential turn in a trend and help trader to make a firmer decision. So if Gomi could add an option to highlight these areas in the bar would help tremendously. The rationale behind this is that when bar completes normally but the difference between buyers and sellers is in single digits it shows and exhaustion on the buyers or sellers side and makes case for reversal stronger.

E. The ability to show sequential declines of volume at the top and the bottom of each candle bar based on the custom threshold would also be very helpful. It would eliminate the need of having to keep Time & Sale window open and monitor the activity in real-time watching for a situation when the volume is tapering. This is in my opinion a very important supporting factor when trader makes a decision on whether to enter or exit a trade.

F. I think that COT High/ Low option on GomiOrderFlow is very interesting but have yet to determine the practical application of this feature. I would recommend approaching this from a different angle (or, perhaps, adding a different option on displaying possible trend reversal areas).

Here is my logic:

COT High / Low on the indicator only showing potential areas of High volume. I would take this one step further and deeper into analyzing what is actually taking place. I would like to be able to determine if the volume traded at the top or at the bottom of the candle was relatively small or large to the volume immediately preceding it. Hence, we need to determine either the absence of buying / selling interest or the presence of a large buyer / seller. Both of these reasons could cause the market to reverse. If there is a way to identify the ratio of the volume traded at the bottom of the green candle and top of the red candle, then we could tell if there was a significantly larger or smaller than normal volume activity from the buyers and sellers taking place in relation to an average traded volume.

Once again, great KUDOS to Gomi for his excellent work on designing and codding this indicator!

Sorry for a long post, but I thought these points would be important...:-)

Cheers,

Mek.


Last edited by Meklon; December 4th, 2016 at 07:20 PM.
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