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What I am looking for is a way to take time and sales info for 50 (50-99) and 100 (100- 150) lot traders and covert it into a candle chart. Something to tell me if larger players are buying or selling. I know you can never know why a trader is taking a position but it might give you cause to stay in a trade if you see the 50 and 100 lot players are moving the same way. I use Ninja Trader 8 and Thinkorswim. If anyone can point me in the right direction it would be greatly appreciated.
Futuresnoob
Can you help answer these questions from other members on NexusFi?
Why a candle chart? lots of that size are just going to follow price action. It sounds like what you really want is some way to track large lot orders?
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Tracking large order flow is exactly what I'm trying to do. Sorry if I didn't put that out correctly. I've seen on inside edge trader but that month subscription is pretty steep.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
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Jigsaw Trading's Reconstructed Tape (RTape) can do exactly this but it's time and sales data not candles. You can set any ranges you want and see only those amounts.
A number of "foot print" charts allow you to set a filter of some amount and above which display only those in the chart. I have this with Rancho's "foot print" called Volume Impression... he also prints time and sales data per bar at the top of the chart for large trades.
I assume your wanting this for the likes of ES ZN... thicker markets?