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

March 6th, 2017, 01:36 AM

jmont1

@KahunaDog, I am a huge advocate for GOMI. NT8 adoption is probably being held back because so few seem to realize that GOMI's new improved versions are available. NinjaTrader should actually buy the code from him. BUT that does not mean it cannot have better features.

Did you compare the two images I was referring to from SIlvester17 comparing NT8 to NT7 and pointing to the old column?

Order Flow Price 2087 has ~900 sells compared to 13 buys. So it is obviously a sell area. Except that the column in NT7 shows the net delta for that level is + 3. So it is not as strong a sell price as order flow would indicate.

Some features you disregard as fluff are valuable to others. The MP shows a graphical representation of pure volume but not whether each level was +/-.

The Order Flow shows current bar information. The right side graph column was numerically and shaded to show the actual trading at a level. Personally I found it very helpful if we got into an area not explored for a period. Simply seeing that even though we were in a resistance zone, this price level was support or at least a level of contention.

Having the Delta above and below that candles is good information BUT makes it difficult for a very cursory look to see that the balance is in trend or chop based on candle a being the same trend as b or in what I consider neutral which most consider even values but I consider no more than about 3% in either direction. I.e... 300, -500, 250, -350, 15 (fifteen would be neutral for me even though not equal to zero "0.)" To my mind the 15 would be a neutral color not a buy color like it would be in the order flow bar.

That is why I requested additional information. capabilities. A coder once advised it is better to create another indicator that reads the output of complex indicators like GOMI than trying to modify their code - when the code was open. So figure if the data is exposed the same idea would hold true.

You apparently are a very good trader. I am still working towards that.

It seems you really want a break down of how others see the charts.

To me the nt7 is showing multiple different indicators.

First thing there is no context...no prior history.
Second thing I note is the time of day.
I don't take ES trades at 1200 lunch. Money is not reliably flowing. It's a bad time to trade ES.

-1592 delta of the current bar. That could mean a variety of things. The image simply shows the bar. No context.
With the highest volume traded in the middle. The negative delta and cot in the middle is Sellers Initiating.
I can't tell where current price is, if the bar closed.
The asked slowed down, 36, 1110, 1949
If I was long from earlier, the 429 would have gotten me out as well as the time of day.
The 895 on the bottom is possibly TRAPPED SELLERS.

Buyers and Sellers are declining. Again it's 1200. Why trade or read here? It doesn't make sense unless you're trying to play catch up on ticks, it's a good way to lose money.
Banks open by the clock, so do institutions, traders eat, sleep and wake to a clock. Algos will have an edge here and will fake retail traders out here.

You mentioned 15.
I do not know what 15 you are referring to. Unless you're rounding up the 13 on the ASK. Either way taking a trade based solely on the footprint is a scalp as you are not using context.

reply to your comment on deltas on top
Deltas on top allow one to scan across multiple candles and see the trend of the delta. They are important to some traders.

March 6th, 2017, 10:20 AM

Silvester17

@yawaniga,

that looks almost right. just don't forget to add the actual sound file. something like this:

C:\Program Files (x86)\NinjaTrader 7\sounds\Alert1.wav (or whatever sound file you want)

hope it works

@Silvester17, Yes it works.Thanks a lot.

March 6th, 2017, 01:01 PM

Silvester17

@yawaniga,

that looks almost right. just don't forget to add the actual sound file. something like this:

C:\Program Files (x86)\NinjaTrader 7\sounds\Alert1.wav (or whatever sound file you want)

hope it works

Traders I hate the first and second Alerts that come with the system. Logically, most downloads of indicators will use these as the default.

So I found alert sounds I liked and then renamed them to Alert1, 2. This makes for a quieter day.

Good trading all.

March 7th, 2017, 02:49 PM

when using daily charts with NinjaTrader 8 and your data feed provider is cqg/continuum or rithmic, then those daily charts will show eth data. (used to be rth data with nt 7)

also the "close" of those bars will show the settlement price as opposed to the last traded price of the eth session with a 1440 minute chart. (imo the correct close is the settlement price, so that's a good thing

)

with the exception when you use tick replay mode. then you'll get the last traded price of the eth session and not the settlement price.

a more detailed explanation can be found in this thread:

Compare Daily and 1440 min chart

Yes this is expected since you are building the Daily Bar from tick data, much like a 1440 bar. Daily bars retrieved from our servers use the close price until we receive a settlement price at which time the close is amended.

March 8th, 2017, 01:19 PM

something for context lovers

here we have on the right side a profile from the beginning of the month including a developing poc and value area. on the left side we have separate profiles for each day.

and here we have the same thing but except the developing poc and va we have a vwap.

truly amazing all the stuff you can do!!

March 29th, 2017, 08:41 PM

Hello,

Couple of questions if someone is able to help.

I'm using Ninjatrader 8 with the GomiOrderFlow indicator.

1) Is there a way to export historical data into excel (ideally all the fields provided by the indicator - buys, sells, delta, min delta, max delta. etc)

2) Is there a way to set alerts based on different variables in the indicator? E.g. If delta > X, play noise. Normally in NT8 I would click the indicator, right click -> Alerts. However I can't seem to "click" anything to bring this up for the GomiOrderFlow indicator.

3) For others currently using the indicator, how do you find the stability? I've noticed everything is fine when markets are quiet, but once we have high volume events (e.g. US cash market open), NT8 becomes unstable - e.g. DOM may freeze, or I have to be careful adding/moving charts as they may freeze, small delays in data loading, etc.

I keep my workspace fairly lean (1x5M chart, 1x30M chart with Gomi, 1xD chart with Gomi)

[PC: 64-bit Win7, 2.4GHZ, 16GB RAM)

Appreciate the help.

Regards

March 30th, 2017, 04:17 AM

Hi,

I was using Gomi's great tools in Sierra/Ninja and it helped me learn and realise a few things.
However, I think I got to where you are now and found that I wanted to customise alerts etc based on what I was seeing from the tools and that was one of the main reasons I decided to code my own alerts.

The data that you need to base your alerts is provided in any datafeed and you don't need to use Gomi's tools to create those alerts.

Re exporting to Excel and testing etc I found that time was my biggest issue and that was one of the main reasons I switched fully to Investor RT so I could code signals, alerts and also have very easy export to Excel to analyse specific stuff.

Good luck. Sounds like you are on a shared journey

March 30th, 2017, 08:06 AM

thanks for the feedback.

I'm a new user to Gomi and I'm actually really impressed with the package - it's also I think something to be valued when the developer / creator of the package is directly engaged with their user-base.

I'm just trying to get a feel for what it can do currently and what it can't.

As you highlighted which I completely agree with, many users will naturally see data and want to test their own hypothesis based on it.

Hopefully with new versions then there will be the ability to export / save the data.

March 30th, 2017, 08:11 AM

Hi,
Next version will export a lot of data using Plots, so it can be used in strategies and exported if you wish.

Gomi

March 30th, 2017, 08:18 AM

gomi

Hi,
Next version will export a lot of data using Plots, so it can be used in strategies and exported if you wish.

Gomi

Great! Thanks for the response.

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

Discussion in Trading Reviews and Vendors

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