osijek1289

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

Wanted to thank for the sharing and the educating.
These 2 indicators are totally different although they both deal with divergence.
One ULTRA important fact is that divergence is only a POTENTIAL for a move to happen.
Having a divergence is meaningless and can be hazardous and treacherous specifically to a new trader.
Divergence ( unless its a hidden one ) normally is pointing that the current move has ended and we should trade opposite.
This is great and dandy when the market is slow and not one directional.
When there is a strong move you will get tons of divergence signals with all of them false and you will lose a lot.
The PV divergence spotter is just like many indicators that are in the market - like rj's and kwikpop and many others. All they do is looking for a graphic divergence between the price and another indicator like macd or cci or any other. Again- I cannot stress it enough, taking a trade against a strong market EVEN THOUGH you have a divergence will cause you huge losses.
So the div spotter is using two tops or two bottoms of price and compares these spots values of the macd- or cci etc which is fine and classic BUT.... again- on a strong move up for example- you will be wasting your time trying to short with every div signal instead of trying to go long etc.Another but is- many times specifically on small legs there are no two tops / bottoms and you will miss the move.
The other indicator- the PV DELTA Divergence imho is much better.Its hunique because it does not need to compare two separate locations but instead it compares bar to bar to bar and once it got a div. in the volume and if you know that you are at a crucial location like a support/ resistance etc and you start to get a signal then you can enter and the div indi is acting as an extra assurance at once- no need to wait.
I use it all the time and again- imho its very good- ( make sure you change the default of waiting to the bar close to false). Adding GOM volume divergence on top of that and you can really start to see what is going on.
The best divergence - again - IMHO and this is just an opinion- nothing else ( the fact that i am using it every day always with success is negligible lol but again you dont have to follow specifically not trader 34 and his friends) lol.
If you dont believe me then all you have to do is look at ANY chart- any symbol, any time frame.
Let me explain- the market is ALWAYS moving in series of legs- whether up or down, each leg should carry it higher/ lower by at least 1.272 , if the market FAILS to make that extension it means ITS TIRED of moving in the current direction.If it made just a 1.112 fib extension that means that most likely there are two possibilities- one- we will have a symmetry back which also equals to a 0.886 retracement and then will continue in the current direction. 1.12 extension specifically in the CL almost always points to a reversal.
BUT the BEST and obvious divergence is when the market fails to make a new low/high and goes higher/ lower by only 1-2 ticks and then reverses, that means a total reversal.
I highly suggest to you to take a chart and just scroll forward- - no need to replay and see for yourself.
Hope that helped.
Traderbeauty-Jane

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

PVDivergenceSpotterStrategy. The PVDivergenceSpotter indicator used as a signal generator. (Run with Reverse = True). Audio files included.
patched: https://@nonfiles.com/file/fa7ff597f9d015f9cd715a88898edf93
7zip packer used. pass: indo-investasi.com

When one opens an account with Amp (and other brokers) who offer the 'free' - and fully legal - version of NT7, it does not have the ability to place trades from charts (or use strategies and some other less used items.)
 
It seems this indicator gives that chart trading ability. Normally, the Ninja folks want you to pay $60/month for the full version of NT (which has chart trader).
 
I didn't know Amp had an official office or site catering to Russia. It's unusual that this indicator shows up on their official site, as, it would seem it will take away significant NT7 revenue, since many many traders will not upgrade to the $60/month full NT cost.
 
The benefit of using this AND the official free version of NT is that you would have the latest version, not have to run an emu, potentially avoid some odd problems, and, have the ability to trade new instruments as they are brought online (something that requires the latest NT versions, which usually aren't 'educated'.)

The fellow in the video states he is using the GOM ladder for the footprint and volume ladder charts; I believe his indi is the one on the left, simply bracketing price based on some very rudimentary logic, and, to do so on CL, is only a matter of time before any profits are taken out IMO. His indicator is completely underwhelming; I'd think you're better off with this one, which operates with a similar concept: http://emini-watch.com/the-better-x-trend-indicator/4408/

I think it'll be tough for you to get an answer here.
 
In troubleshooting it, I assume the transaction posts within the MBTrading platform (or wherever your trades are officially logged by MB). What if instead of displaying a renko chart, if you switch it to a minute timeframe, and initiate and complete a trade there, would it behave the same way? Could it have something to do with trading within the spread? Also, looks like you are trading spot forex - assuming you have access to 6E or CFDs, do those resolve accurately?
 
If none of that helps you figure it out, you could ask either at the NT support forums or whatever support MBT has - I'm pretty sure they should help even a customer testing their demo feed.

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

While I'm not commenting on the indicator that seems to "stop" you from trading after losing $x amount of money (you really shouldn't be trading live anyway, if you can't control this, because you're far too emotional and clearly lacking trading discipline) but the page also allows for connecting to his "real" account and replicating his results.
 
The screenshot records start off rather nicely on the page, but stop as of May 23, which is when things likely went bad, and quite badly. He wants people to sign up to his system, for which there is a fee. Yet, once you start with the recommended $30K, within 4 months, you're down to $19.5K. And that doesn't include his $375 monthly charge. Oh, and the screenshot of the utopian trades from this insurance/mortgage-agent-turned-trader are clearly on a Sim101 account.
 
Amazing what 1) people will throw up on the web and attempt to charge others $$$ for and 2) what poor results they can deliver, 3 months in a row, clearly indicating they cannot trade.
 
For the record, here's the performance. Thankfully, it appears there is no more trading in September - any subscribers must have realized that they could probably lose this amount of money on their own, without the help of an 'expert full time trader' And before you think these are long term trades, the web page records them as an average of 53 minutes in length. Amazing.
 
Oh, and here's the performance report (in Chrome, right click, select 'Open image in new tab'):
http://i.imgur.com/NrNiuLC.png

http://www.send5pace.com/file/o08aaq

I traded with this person for a couple of days in may and I am pretty sure she made her trades on a live account! But hey maybe I am one of the internet marketers as well who never made one live trade and who just wants people to thank him so I can feel better..
You really are pathetic stop *****ing and start trading! We need people like you in the markets

Their whole site is full of fluff, absolutely zero specifics on what is so magical about their 'Ace' system. In brief, everything they offer is a crock of sh!te IMHO. And then, you can confirm this by their request of a 'course' that they 'say' is worth $4795 for $2995, or the lesser cousin for a super-duper discount of $1895. And, no sign of what you get - videos, PDFs, no track records of success --- this is deceptive marketing towards the naive. And then to add insult to those who know what they are reading on their pages, they actually have a paypal link to take your $2995? I mean seriously, who is stoopid enough to do this?
 
I don't get why people (by that I mean aspiring, struggling traders) keep looking for someone who can invent fire, when it's already been done: there are dozens of decent course videos found on indo already, there are many hundreds of decent books on how to trade market profile or some other theoretical but once learned successful method. And the graphics and fancy wording of a web page can't make up for the lack of facts on what they offer.
 
And, if you're getting emails from them, that means they've purchased bucket/campaign lists of email addresses, to whom they hope to peddle and suck in buyers to their 'services.' Does that sound like something a reputable, successful, self-standing business would do?
 
I'm surprised they don't offer ginsu knives with this course - check their wording under the 'diamond' package - "Yes only $1800 and you are upgraded to unlimited Ace signals and ongoing training."
 
Assuming they collect 3-5 of these guppy buyers per year, that's an incredible income boost to this central rural Ontario operation. But the bottom line is, if you've got even only $5K trading capital and - as the self-touting market expert/trader you make yourself out to be on your web page - and you can't trade that up into an amount many times more than that over the span of a few months, then he shouldn't be offering courses in this, or can't trade with any record of success. I assure you real traders are not wasting their time peddling this type of monkey cr@p, but are instead applying their knowledge to multiplying their money many times over. Period.
 
If you're looking for trading rooms, start by eliminating anyone who does not have a verifiable track record. That also usually will mean eliminating anyone who is not a current member - with a paid seat at the CME group. Why? They have a history, they have a location, they have a track record - they're don't own/rent the seat and space to lose $$$ or suck in newbies. I am not selling anything, but when I checked out a few trading rooms that met this criteria, eminiexchange and Anthony was uber professional: called out trades in a formal way, documented, and explained what was going on. Plus he's been at it for 25 years, and didn't just set up shop out of Wasaga Beach Towne TV shop. Heck the daily free content on Anthony's site is worth more than most of the cr@p people charge for. One other extremely respectable operation that comes to mind is Mr Top Step, although I don't know to what extent they do trade calls from their room.
 
Remember, don't try to go ferret out guys who are telling you they have invented fire - they are the snake oil salesmen; you want to find and stick to the guys who have refined and modernized fire, and are using it to produce wonderful things for them, and by extension for you.