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interestingly you'll get that error message also with live data. it was my understanding (from nt 7) that the indicator would still show up, but with no historical data. also I would have expected a different kind of error message. anyway it's not a big deal since we know what the problem is.
Thanks Silvester. Gomi stressed that tick replay setting to me when I installed NT8 (in addition to Sierra).
I am still working out what NT8 offers me in comparison to Sierra if I only want them for pure execution only.
It is a real shame Jigsaw charge so much for their live license as it would be really great to use Gomi's order flow tool in tandem with the Jigsaw DOM for live trading.
As it is, Sierra can suffice other than for replay where you don't get the DOM columns populating in Sierra replay.
it doesn't make much sense to me to use a footprint chart and some dom tools. markets are moving fast and you don't have unlimited time to make a decision. I try to concentrate more on what happens right after a trade (footprint). the level 2 data with all the changes (including games) doesn't provide a significant edge. especially if you know the software is not able to keep up with the bid/ask updates.
also it would be more helpful if that level 2 data is right there with the volume ladder. something like this:
if interested, that level 2 indicator (thanks to @Sim22) can be found here:
The key is to watch the level 2 histogram for extra-large contracts (like 2 std dev large). If price moves away from the level and then returns....if the contracts are still offered then they want to protect that level in the short term. If they have disappeared it will often go through that level I have to keep telling myself the markets are about liquidity, until 'they' fill their quota, price will not move.
btw.... @Sylvester17 if you increase your right margin, I'm sure the histograms will be more pronounced. Also I know the triangles will overlap the total values when a spike occurs. You can also set the 'Use % margin' to >100 to increase the histogram into the chart space..... but that might or might not be appropriate under certain circumstances.
The short answer is no. It is real-time only. The closest thing I know to viewing historical levels is 'BookMap' although I am reluctant to recommend them since I do not use the program. I'm considering writing an indicator to record such historical values....... a future project you might say.
The grey shading on my Sierra chart above is their equivalent of Bookmap. I have it set to show only very significant levels as I am not interested in minor levels.
Re 2SD analysis, I think the only "easy" option is Investor RT and their market depth add on - ie it is the only program I know where you can easily run a profile on any indicator to extract those kinds of statistics.
I certainly don't recommend doing it in Sierra as it takes me about ten times as long and without the accuracy
Hi Sim22,
In the past I fine tuned an indicator for my needs, april 2012.
It was from ZondorRecorderV2, which if I remember correctly, was doing what you mention as future project.
My variant only goes for showing the largests amount (beyond 2 threshold levels preset) of bid and ask at first level.
If you need it, think better looking at what it's already done.
Hope it helps.