I'm not aware of any, but perhaps someone reading these posts can advise? Or perhaps a developer could take up the cause?Originally Posted by ;
I'm not aware of any, but perhaps someone reading these posts can advise? Or perhaps a developer could take up the cause?
A simple Google search showed this
https://www.mql5.com/en/market/product/29165
Amything farther and You'll Need to do your research
you're correct and yes you will start to see patterns emerging (good work). I don't know any developers but I trade just like your describing manually with having price action and tick volume.
You might find that instead of moving the market that the wise money are more worried about completing their company and taking advantage of a scenario (exploiting poor hands) hence why you view them from the volume around supp-res since there is accessibility.
Continue to search for these hints. . .Looking at the daily chart on US Nat Gas (XNGUSD) I am seeing what I earlier described as an order flow inversion. This may better be referred to. The majority of market order selling was transacted at the bottom.
I intend to see this with fantastic interest. I do not see anything that resembles major profit taking that I would expect to show up in the near future. Also the possibility of a stop run can lead to major buying to take place. This was the case at the high.
First time I've looked in xngusd lol. The BO (15 April) down to low vol is strength down rather than weakness which could have been shorted. Yes well spotted there is some strength coming in(23 April) which will probably give us a range to fake about and determine where they want to shoot it but surely not a reversal sign just yet down I think.
I have an observation. I drew a ring round a long skinny, up-order-flow candle. I am wondering if that, candle could signify the huge boys pumping up the price since there's very little if any order flow volume on the top 4/5's of the candle?
You have made a very good observation here, however, the conclusion is just somewhat skewed. The observation is that on such long (in size) candles that everybody calls strength you see very little transactions and trading is very thin. How is that a indication of strength? What I interpret from this candle The larger buying toward the bottom of the candle has been that the remaining shorts stopping out (or covering) to maintain at least some profit. Some might have covered in a reduction. This usually means nobody has been left to wanted to market, yet there were buyers that still needed to either join in long or cover their shorts. The more intelligent players got out early leaving the remainder to get dragged back to where there was sufficient selling volume to cover the need. It's the stop out that triggered that big candle NOT necessarily big demand for long positions. AND, once price rose again to where it brought more selling, price ceased, and reversed. Was that due to the big boys? I really can't state, no matter how the assumption is that because the boys really are what move the market I suppose that could be authentic. However what is true is this: Price moves to wherever the order are. . .not the other way around.
If price stabs down (or up) to take your halt and then turns and moves your way with no. . .it is most likely because your wasn't the only stop at the level. . .there where most likely 1,000's of stops there and those orders where needed to counter a larger order going the other way.
Take a fantastic look at each of those big long strength bars on your chart and look under them with a tool similar to this one. . .you will discover most of the strength bars are just lean counter party involvement. And price will proceed to find enough orders to equilibrium the market.
Always rememberthat, price is LAGGING not top...(contrary to popular belief)
In keeping with the theme in the previous post I provide you this view of the order flow. . .On Gold.
Now's bar would appear to be all buying:
And really it is buying dominant for certain. However:
Is it really power? Or are those shorts that are attempting to pay, and perhaps a few brave souls (like me) who are wanting to go long?
We are in the base of a 3 year range. On very weak (per week ) volume
It would appear that lean trading is the name of the day...
An ideal example of that which I was talking of earlier in today's post. Shorts in which stopped out by this mind imitation on USD/JPY? Whenever I saw that price closed above this 7 day range I was enticed to stop and reverse (SAR). However, when I saw the rise above the range was mainly selling and thin selling at the...I decided to hold and perhaps add-in. I didn't get full on my add-in place but Now that I see price is shifting lower I am grateful I didn't SAR.
Of note however, is down the move is also thin selling. It would not require much buying to over come that. I shall hold (at least for now) and see. . .however I am encouraged by what this tool was capable to help me with when I'd normally now be into my loss. SAR - from short to long (loss) and now a reduction being dragged backward in the highs.
So this tool has avoided 2 losses which is better than a triumph.
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