On track to deploy further enhancements over the weekend based on beta user feedbacks.

Bar Countdown has been added
Contributor: @syNTHETICC_ @ShowerheadATW

PS: We may later change the position of the counter in the future ImageImage
@syNTHETICC_ @ShowerheadATW Price format fixed even for very low denomination coins

Contributor: @ThisIsCryptoDE

@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Directional and cosmetic fixes to Retracement and Extension tools, now they work beautifully in normal and logarithmic scales

@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Additional styling parameters added to all Elliot Tools

Contributor: @ThisIsCryptoDE Image
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Data feed for Deribit fixed

#deribit #datafeed #realtime Image
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE Checks and balances to prevent users from accidentally resetting chart settings - confirmation popup now available

Contributor: @ShowerheadATW Image
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE SMA window size parameter added to Volume Underlay study

Contributor: @cosmocoin Image
@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 Image
@syNTHETICC_ @ShowerheadATW @ThisIsCryptoDE @cosmocoin End of thread

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More from @gocharting

1 Oct 20
[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
Read 14 tweets
29 Sep 20
[1/X] Introducing Imbalance Charts in GoCharting

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
Read 4 tweets
25 Sep 20

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.

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.....

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....
Read 7 tweets
25 Sep 20
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 Image
To activate this particular indicator, please choose Bar Statistics from Inidcators menu on the top bar under Orderflow section

#Orderflow #Footprint #Cluster #NSE Image
The Bar Statistics indicator in GoCharting is fully loaded with 21 Orderflow metrics to choose from (no kidding!!!)

Will try our best to explain each one of them. We may go crazy in the future and add more to this list Image
Read 4 tweets
24 Sep 20
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 Image
[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

See the difference between below ImageImage
Read 7 tweets
22 Sep 20
[1/X] Attempt to explain Orderflow basics. It will be a long thread but will try to make the content worth the read.

Below is a Depth of Market (DOM). The
Blue ones = Bid Limit orders
Red ones = Ask Limit orders

So what happens to these orders in the trade cycle

#Basics Image
[2/X] Such limit orders are invariable absorbed by the Market Orders.

It is the Market Orders that drive the markets up and down.

Lesson # 1: Every auction starts with a Bid and an Ask
Lesson # 2: Market orders move the price
[3/X] So how do we track these market orders. We track them on the Footprint aka Cluster charts

GREEN = Buy Market Orders
RED = SELL Market Orders

Market Orders indicate Aggresiveness Image
Read 18 tweets

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