I have recently started using Gomi OF / MP tool for NT8. I am trying to create a template for simultaneously viewing multiple profiles in the same chart viz Daily, Weekly, Monthly or Custom. Looking for guidance..
Thanks,
Can you help answer these questions from other members on futures io?
I have been using the GOMPackage on Ninjatrader 7 for some time. It seems that when the calendar flipped to 2022, any GOM Indicator set to "Write Data" to the GOMRecorder will not plot on the chart and the data file is created but empty. I usually only have 1 indicator in my workspace set to "Write Data" to create the data file. Any suggestions?
P.S. Happy New Year
The following user says Thank You to leafsfan for this post:
It seems there was a Y2K22 bug and an overflow appeared on January 1st.
Here's the lastest version of GomBaseAndDeltaPackage that should solve the issue
Hope it works !
Best wishes !
The following 3 users say Thank You to gomi for this post:
I published recently a new version of the Orderflow with lots of new features
1. Reversal Analysis
Pullback Column (only real-time)
This is feature available in SierraChart, which shows a special kind of orderflow bar that is next to the last bar.
This bar is reset each time price makes a new high or a new low, so if there as new high that is a fake BO, the pullback column will show on the aggressive selling that's not necessarily visible in the main bar.
Here's an example, you can see the buying in the pullback column when the market made a fake new low
Time Since Last Touched Top or Bottom
Again, this can be used to gauge the power of a reversal move.
It will show the time since the bar last touched the top or bottom of the bar
So if you're on a range chart and there is a reversal move, you expect to see a failed breakout on one side and a fast move on the the other side. So you expect the time of last touch of the failed priced to be small
You can also use this in custom signals using formulas (in NinjaTrader), so here's an example : suppose we want the previous bar to be in the other direction than the current bar, and we want the time since last touch the be smaller than the 1/5th of the duration of the previous bar. So we want to see some kind of acceleration here.
We use :
And we get :
The Times since last touch and BarDuration are also available as Plots in the Value indicators
2. Orderflow analysis
A couple of new tools available
Diagonal Delta can be used in the candles instead of lateral delta
Sweeps
This will show the number of empty prints on either side of the orderflow.
If there is a powerful move, you expect to see some "holes" on the losing side because the lack of aggressive action on the other side of the move.
So these number can be used to help gauge the power of a move
Again, we can use this in custom formulas (in NinjaTrader), so let's create custom signals each time we have a sweep > 10 on one side
Formula :
We get :
The SweepsAtBid and SweepsAtAsk are available as Plots in the Values indicators
3. Unclutter the charts
Too many numbers is really an issue when you need to take fast decisions.
So it is important to be able to hide unimportant numbers and only keep the significant ones to help cognitive processing.
Colors are also important to quickly show thresholds or specific values.
To do that, a formula is now associated with each item that can be shown on top and bottom of the candle, and this formula is designed to set the color that will be used to show the data If transparent color is used, the data will not be shown
Formula is for example if (Value<0,Red,if(Value>0, Green, Transparent))
This is an Excel-like formula and reads
if the Value is greater than 0
Color is Red
else is Value is smaller than 0
Color is Green
else Color is Transparent
Simple Example
For instance if you want to show only Delta>500 or <-500, you use
one thing I always thought might be useful was the bar duration. especially when using something like a range chart. time certainly has its place in the trading world.
and now we don't only get the duration of a bar, we get a whole set of new tools much appreciated, thank you very much!!
a brilliant idea is to show only important numbers, not to clutter the entire screen. the only chart I like everything to be displayed is my footprint chart. I prefer to see every detail when analyzing certain things. I admit a lot of numbers, but I like it that way:
on the other hand, I'm a big fan of that "custom up/down signal" indicator. there're so many possibilities. right now is probably not the best time for that kind of trading because the market is moving pretty crazy the last few weeks. a little too fast for my likings. just a few examples:
again, thank you for the update
The following 3 users say Thank You to Silvester17 for this post:
Hi guys, trying out Gom Orderflow. Loving it so far. Just a quick question. What do I need to set so that the bar split down the middle of Bid/Ask, instead on the side of them? It gotta be something simple, but for the life of me I couldn't find the setting.
much appreciated, thank you very much!!
