@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Directional and cosmetic fixes to Retracement and Extension tools, now they work beautifully in normal and logarithmic scales
Contributor:
@ThisIsCryptoDE
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Checks and balances to prevent users from accidentally resetting chart settings - confirmation popup now available
Contributor: @ShowerheadATW
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE SMA window size parameter added to Volume Underlay study
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE @cosmocoin Levergae and Fees % is now being added to the calculation of the Long Position and Short Position tools. Please test this enhancement and provide feedback
Contributor: @ShowerheadATW
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE @cosmocoin End of thread
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COT High is cumulative bid/ask Delta starting from the moment when the price makes new high or repeats previous one.
COT Low is cumulative bid/ask Delta starting from the moment when the price makes new low or repeats previous one.
COT helps to see buy/sell balance after new price level has been reached. In other words, it helps us identify TRAPPED buyers and sellers in the market
[1/X] Attempt to explain Imbalance Chart to a 10 year old
You want into an air conditioner (AC) in the peak summers.. the shopkeeper tells you that the price of the AC is 35 k, which you think is expensive.. this price of 35k which the shopkeeper quoted is Ask Price
[2/X] Since you feel the ask/offer price by the shopkeeper is high, you tell him that you can pay 30 k for the AC.. this price quoted by you is the Bid Price
Now one of you (shopkeeper or you) has to accommodate for the sale of the AC. This is an Auction
[3/X] Since it is peak summer and the demand is high, the shopkeeper isn't budging..so you go ahead and buy the ac at his offer/ask price.. this is called Lifting the Offer
Imbalance is a special variation of the Footprint chart that highlights aggressive buying and selling (some market participants manifested aggressive behavior)
[2/X] Imbalance compares bids and asks diagonally and shows a significant excess of one over the other. That is, a bid is compared with an ask, which is one level higher, and an ask is compared with a bid, which is one level lower.
[3/X] The bar in the picture above shows how aggressive sellers entered the market and pushed the price at each price level. Such an aggression, as a rule, results in price reduction.
The yellow highligted cells reflect such aggressive behaviour on the buy and sell sides
Basics of Auction and Profile Distribution - terms like Market Profile and Volume Profile simplified
What is Profile Distribution?
Distribution is the process of trading activity that takes place in the market auction. Some also know it by a consolidation or range.
[2/X]
A Distribution tends to define the fairest area/ price where the current auction has been taking place.
However, during some trading sessions, after the market forms a distribution around a certain fair price/ value, something changes.....
[3/X]
It could be anything - some big money stepping in deeming the price to be auctioning below value, news, event ,etc.. we don't know that and it doesn't matter.. what we are interested in is what happens after....
We have now released an important Orderflow Indicator called the Bar Statistics
A Bar Statistics provides a tabular view of the important Orderflow metrics at a candle level in a time series format while each of the footprint provides a cohort view of the similiar metrics
To activate this particular indicator, please choose Bar Statistics from Inidcators menu on the top bar under Orderflow section
The next version of the Orderflow Module is now released on Beta
More Indicators
More Options
More Customizations
More Analytics....
Follow this thread along..... on the updates
First Important Change - Now you can manually set the size of the cluster boxes using the Tick Multiplier Parameter under Settings Tab.
What it means?
Now Cluster Boxsize = TickSize X Multiplier
If Nifty Tick = 0.5 INR and Multilplier = 3
Boxsize = 0.5 X 3 = 1.5 INR
[3/X] The default view is on AUTO tick multiplier mode. This means that an algorithm will decide the cluster box size using a tick multplier computed on the basis of your screen dimensions to make the underlying figures visible and readable