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Newport Beach
Posts: 16 since Mar 2023
Thanks Given: 12
Thanks Received: 9
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"I've been following this channel for some time now, and I'm particularly impressed with the recent addition of live streaming with no delay. The software he uses to detect stacked imbalances and execute trades is remarkable. However, there is one issue I'd like to address: how he marks absorption levels on the in-house order flow chart.
He utilizes a 32-range chart for NQ, where if the top of the candle has zero, the bottom candle has zeros as well. He employs NinjaTrader's horizontal draw tool for this purpose. But the question remains: is this truly an absorption level? I haven't entirely grasped how to identify absorption levels using the order flow chart, as there isn't much information available about it.
I'm wondering if using a time-based chart, a tick chart, or a range chart might be better for determining absorption levels. Alternatively, are there any indicators out there that are effective in identifying absorption levels?"
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