World's first multi-asset Orderflow charting and trading platform on the web
3 added to My Authors
Oct 1, 2020 • 14 tweets • 3 min read
[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
Sep 29, 2020 • 4 tweets • 2 min read
[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.
Sep 25, 2020 • 7 tweets • 2 min read
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.....
Sep 25, 2020 • 4 tweets • 3 min read
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
Poor low and Poor High are market profile structure which generally indicates a market that is too long or too short and the shorter timeframe players in the market has low confidence about the current market direction
Aug 8, 2020 • 4 tweets • 3 min read
Point and Figure Charts now come with built-in Bullish and Bearish pattern recognition
Starting a thread to explain the new DOM Price Ladder Chart in GoCharting- the best on the web 1. The Chart comes with five built-in views
Oct 7, 2019 • 4 tweets • 2 min read
Saving your charts on the cloud is officially live in GoCharting now. Starting a thread on this topic #clouds#aws#charts#gocharting
There is no cap or restrictions on the number of charts you can save on the cloud. So go nuts!!!
Aug 2, 2019 • 10 tweets • 4 min read
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
Jul 25, 2019 • 23 tweets • 35 min read
A ton of new enhancements based on feedback received from all closed Beta users will go for a weekend deployment #gocharting#beta#charting 🙏🙏
All enhancement have now been deployed