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Recently i have discovered a product which might come in handy to fine tune my manual trading entry's and stops.
Unfortunately it is expensive and i am unable to find out if it would be of use for me during the short trial period.
What i am looking for is an alternative for the so called OFA charts.
So the boxes inside the candles show cluster volume for each candle, read means sell cluster, green means buy cluster and gray means neutral.
The OFA package costs 197$ each month or 1997$ for lifetime licence.
Since this feature is the only one i will use i find it way to expensive.
Does anybody here knows some (maybe free) alternatives for this kind of charting?
Can you help answer these questions from other members on NexusFi?
Thanks, i have just tried the latest version of these indicators provided there but unfortunately i get nothing on to my charts.
Since my programming skills are 0 i can't try to find the problem and fix it.
To bad since this was exactly what i was looking for!
I got this OFA bar type for Sierra chart from Sierra Support Board but I always got error compiling it. I'm new to Sierra and don't have coding knowledge.
Can someone help converse this source code to a working dll please? Really …
Also - you can log in over there and post on that forum and see if @Zdislav has a newer version to share
Thanks again.
I looked in that post earlier but they are working on a different part of OFA, not the display of volume clusters for each bar i am looking for.
I have managed to create something with the numbers bar indicator.
The results aren't exactly the same, however i feel like the colors displayed by Sierra Chart are better than the once displayed by OFA.
The first chart is an example of a OFA chart.
The second chart is an example of what i came up with on Sierra
For now i am satisfied with the results, i will test this tomorrow while also comparing it to the real OFA chart.
The Study @Zdislav provided will pretty much replicate the OFA bars and volume clusters.
"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"
