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Thousand Oaks, Calfornia
Experience: Intermediate
Platform: NinjaTrader 8
Broker: Ninja with Rithmic
Trading: CL NQ RTY
Posts: 31 since Mar 2018
Thanks Given: 14
Thanks Received: 46
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I recently joined Convergent Trading and I'm learning the methods taught by FuturesTrader71 and other members of the community. As part of these methods we draw a bunch of lines on the charts each day. Of course, some of them require judgement but many don't. At the bottom of this message I have attached a list of lines and levels that could be drawn on the charts automatically for each trading day. I am wondering what tool or tools other NT8 users here might be using to draw these lines?
I do have the NT8 Oder Flow tools and I use some of them as indicated in the list. However, they don't cover all lines that need to be drawn and, as far as I can tell, you cannot put text labels on the lines automatically with the NT8 tools. It only labels the lines with price. While I can and do color code them, it's too much information to quickly decipher without text labels on each line.
Is there a better set of third party volume profile tools out there for NT8 users who are discretionary traders?
Lines that could be drawn on the charts automatically:
· Previous Day’s High, Low & Close
· Previous Day’s Initial Balance High & Low
· Overnight High, Low and Mid
· Overnight Value Area High, Value Area Low and VPOC
· Current Session Open, Opening Swing High and Opening Swing Low
· Current Session Initial Balance High & Low, IB Value Area, IB Point of Control (NT8 Order Flow Volume Profile)
· Current Session Range High and Low (NT8 Order Flow Volume Profile)
· Current Session Mid point of the range
· Current Session Value Area High & Low, Value Area Point of Control (NT8 Order Flow Volume Profile)
· Current Session Volume Weighted Average Price (NT8 Order Flow VWAP)
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