[REQ] Trade Delta Indicator

[mastertrader7]

This indicator is for Sierr@ Chart but i hopped

someone here knows of somthing similar for NT.

 

In the video the yellow numbers bellow and above the bars.

 

Thanks.

 

 

 

http://youtu.be/MtlNLWqGjNI

[thedriver]

Hi, from their website http://orderflowedge.com/methodology/

 

ORDER FLOW DRIVES PRICE.

 

and it’s important to realize that

 

CHANGE IN ORDER FLOW PRECEDES CHANGE IN PRICE.

Once you understand these principles you begin to realize how powerful it is to have tools in your trading arsenal which enable you to gauge the true supply and demand in the market.

 

Not only with the Order Flow that’s occurring real time in the market but also the areas where supply and demand imbalance took place in the past!

 

In fact the foundation of our metholdolgy is based on these two Core Concepts:

 

1) We identify key price zones - areas where opportunity exists in the market.

 

We predetermine exactly where the important price zones are located by identifying previous areas of supply and demand imbalance. These are areas in the market where the orders have already proven themselves to be…the areas where the smart money is trading.

2) We read the real time OrderFlow information - when we see the market coming into our price zones we can effectively measure the real time buying and selling pressure in order to confirm trade entry.

All of our trade entry locations are predetermined using specific price zones based on areas of previous supply/demand imbalance. We use trade location to our advantage by deciding exactly where in the market we want to conduct our business.

 

We don’t put any pressure on ourselves to try and catch every random move….we’re not preoccupied with predicting where the market is going. Instead we prepare ourselves for opportunity.

It’s a simple shift of focus…instead of relying on price based indicators our students quickly learn,

that change in OrderFlow precedes change in price. We’ll show you how to recognize opportunity in the market by identifying what this change in the order flow looks like.

Understanding current supply and demand conditions is the key to helping you trade with the order flow and not against it!

1. WHERE to enter your trades…based on the important price zones.

2. WHEN to execute your trades….according to real time OrderFlow conditions 3. HOW to manage your trades….profit and risk, based on Supply & Demand.

 

here the blog with many videos http://orderflowedge.com/blog/?paged=1

hope it's useful

regard