this chart looks similar to one of the ones I was looking at on orderflownalytics. Does it have similar parameters? If it does that would rather good as your product is a fair way less expensive..
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Dunno what orderflowanalytics settings are, but on GomOrderFlowPro basically it's
*Diagonal imbalance
*Imbalance ratio= 3 ( bids > 3*asks or asks>3*bids)
*Number of imbalance levels to define a S/R zone : 3
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could you discuss it in relation to the bars. In each bar there is a grey shaded area: what does that signify in relation to its proximity to the top or bottom of each bar? and some have gold at one end or the other, why do some bars not have the gold tip??
I notice sometimes there are 3x consecutive imbalances and you see a S/R zone, while other times you see 3 x consecutive imbalances with no S/R zone.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
with the default settings is should trigger on each 3x consecutive, unless you set up a size filter requiring you want a minimum of X contracts in your S/R zone
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@jmont1 I'd also like to take the opportunity to address the sidebar issue you mention
On the gom volume ladder, you could have 4 side bars, with a data type of volume, deltadiff, and total delta per level.
Concerning the total volume,you can show the total volume using the MP indicator.
Concerning the deltadiff I really doubt anyone used it except for the funky colors.
Concerning the total delta per level, I think GomVolumeLadder sidebar did not give a very useful information with all these numbers and colors.
I think you will get a better view using the MP in the "DeltaOnly" mode , and apply a little smoothing.
Here's an example with a comparison between (from right to left) GomVolumeLadder, GomMPPro in VolumeAndDelta mode, GomMPProin Delta mode and GomMMPro in Delta mode with 5 smoothing.
Another example using daily profiles
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Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
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@gomi, thank you for this very good response. I will work with the indicator further to set it up.
REALLY LOVE that it runs on the three (3) platforms so that when I collaborate with others on SC or NT7/8 we are all looking at the same thing.
Plus it works really fast. Glad there will be a vendor supporting it rather than just hoping someone will pay attention to a support request in the forums.
I hope you do really well with this. You deserve it. THANK YOU!
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