osijek1289

I would not recommend clicking/starting the executable within this RAR: previous editions have been replacement DLLs, which is all that's shown to be necessary to replace. Plus, the size of the executable is highly unusual. Nor is it considered proper to provide 'patches' this way. Quite often, these are tricks to install viruses onto your machine, which then propogate into who-knows-what (by way of starting to run all sorts of things, installers, etc via your \temp folders, among many other covert techniques.) Be warned. (And, since pretty nobody here needs v16 over the v7 that many might be using, I don't know why you would want to break your system, and potentially introduce viruses.)

I would not recommend clicking/starting the executable within this RAR: previous editions have been replacement DLLs, which is all that's shown to be necessary to replace. Plus, the size of the executable is highly unusual. Nor is it considered proper to provide 'patches' this way. Quite often, these are tricks to install viruses onto your machine, which then propogate into who-knows-what (by way of starting to run all sorts of things, installers, etc via your \temp folders, among many other covert techniques.) Be warned. (And, since pretty nobody here needs v16 over the v7 that many might be using, I don't know why you would want to break your system, and potentially introduce viruses.)

I would not recommend clicking/starting the executable within this RAR: previous editions have been replacement DLLs, which is all that's shown to be necessary to replace. Plus, the size of the executable is highly unusual. Nor is it considered proper to provide 'patches' this way. Quite often, these are tricks to install viruses onto your machine, which then propogate into who-knows-what (by way of starting to run all sorts of things, installers, etc via your \temp folders, among many other covert techniques.) Be warned. (And, since pretty nobody here needs v16 over the v7 that many might be using, I don't know why you would want to break your system, and potentially introduce viruses.)

Everybody- Regarding this indicator-
Just a quick observation-
i tried it on a 5 tick chart YM and it was not doing a good job, but then i tried on a 2 tick CL chart and its incredible in many times-
A lot of times in the CL i want to know if i can enter at a consolidation or a previous resistance/ support and this indi gave me the correct answer almost all the time.
the reason why imho is very simple- the YM has a lot of market orders but also apparently many limit once that control the moves.
The CL on the other hand seems like being controlled by almost market orders and hardly any limit orders and since this indicator is showing us a picture that is composed only by the MARKET orders - its very accurate on the CL and so go on the YM, so lets take advantage where we can.
hope it helps
Traderbeauty-Jane

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

I'm not looking to threadcr@p, but man exclusively each and every one of those indicators are utterly useless garbage. I can think of dozens of competely free (and similarly useless) than what this guy is peddling. Although it's not mathematically measureable, there are BMT free indicators that are at least 50x better that the crud this guy is peddling, each block at $20/per month. And I absolutely guarantee you he knows it, but heck, few will turn down a potential revenue stream from the lemming world. He even has some lame strategy for $20 per month. Would he be selling it, for any amount, if it was worth anything? Unreal, and, essentially all bordering on criminal, yet unproveable.
 
The guy has examples of commodities like gold, coffee and many others, displaying weekly charts lol! Who the hell amongst us indo members can afford to hold any potential drawdown from a premature GC entry, 'waiting' for some stoopid-@ss indicator to catch up and change angles? And how many of us around here have the kind of dough and risk levels that these silly indicators demand be tolerated, trading off weekly charts. Unbelievable.
 
I know it's Friday and all, and you can flame me if you want, but please please please don't waste your valuable time on utter crud like this. Ask any trader with some verifiable experience and scruples, and he/she will concur.
 
Peace and happy weekend to all.

Sry @thaomoua, I think I referred to it by the wrong name in my text. I just double checked what was in the uploaded RAR, and the actual name is of the indi is the one called anaFibsFromPriorSessionV38.cs (there's a few versions of the indi, and they are pretty much identical)
 
And note that for that indi and the other ana* indis, it is very important to change the "Session # for RTH" field. Some of them also have a "Settlement/Close" field where you can choose from "CalcFromIntradayData" or "DailyBars" - the 1st selection is usually best, as the "DailyBars" I think uses bars from a daily chart (which need to be loaded in your historical data) and, depending on datafeed, may for ES only be during the RTH hours of 9:30 to 4 EST. Thus, use CalcFromIntradayData and you will be safe. But, you do have to have the right template hours in your DATASERIES selection, because it is those opening and closing hours that are used, and, various instruments have various opening hours; if you use the wrong one, the indicators can poll the wrong times on your chart, and highs, lows, closes, etc can be wrong.

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

@traderforlife Yep, it does. Assuming you have their's already installed, just replace the 'educated' files from the RAR and change/use the 'right' license key. Then, (making sure port 80 is free on your PC) launch v5.01 of emu, click START, then launch NT7 and you will have fully enabled 'chart trading capable' NT7.
 
Keep the other licencse key and the original NT7 files, in case you need to go back for some reason.

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

Sry @thaomoua, I think I referred to it by the wrong name in my text. I just double checked what was in the uploaded RAR, and the actual name is of the indi is the one called anaFibsFromPriorSessionV38.cs (there's a few versions of the indi, and they are pretty much identical)
 
And note that for that indi and the other ana* indis, it is very important to change the "Session # for RTH" field. Some of them also have a "Settlement/Close" field where you can choose from "CalcFromIntradayData" or "DailyBars" - the 1st selection is usually best, as the "DailyBars" I think uses bars from a daily chart (which need to be loaded in your historical data) and, depending on datafeed, may for ES only be during the RTH hours of 9:30 to 4 EST. Thus, use CalcFromIntradayData and you will be safe. But, you do have to have the right template hours in your DATASERIES selection, because it is those opening and closing hours that are used, and, various instruments have various opening hours; if you use the wrong one, the indicators can poll the wrong times on your chart, and highs, lows, closes, etc can be wrong.

Fixed: https://@nonfiles.com/file/e68187df99e11e35f0b40271c370d5f5
7zip packer used: pass: indo-investasi.com
Audio files attached in the package (thanks to osijek1289) ;) Cheers.

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a
bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture
and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by
NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and
allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for
things like order flow footprint charts of any timeframe or type to be displayed.
 
I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to
recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,
MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,
they have little to do with realtime analysis, because they are plotting and assessing values relative to where
price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,
the plotting will catch up, but that is just be default, because price got to where it is. In other words, they
don't show what is causing price to move, or why.
 
That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are
more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if
buyers or sellers are causing the price to move.
 
I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching
trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you
can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8
as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all
instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,
hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and
tweaking this value.
 
The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other
onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or
ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if
one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is
ideally another chart you are displaying and monitoring.
 
(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see
the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely
helpful chart to show how aggressive and with what lot size market participants are entering the market. An
example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )
 
Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)
indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:
http://support.marketdelta.com/entries/114191-delta-divergence-indicator
 
Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart
timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole
bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.
It is the Better Pro Am X indicator.
 
Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and
especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session
comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.
 
And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,
yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this
is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the
provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and
scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very
obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,
+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.
I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'
can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and
seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities
there are to take trades based on this.
 
I have tried to include all the indis and a template that should bring them all together. Note that depending on
your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do
not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let
the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE
DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when
historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed
(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture
the realtime bid/ask data.
 
http://www.sendspace.c0m/file/eshhcs
 
http://i.imgur.com/Olrq3Lu.png