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Looks good, I'm still having trouble with the bid / ask lines and Omega's vid didn't help any.
Is there a Global setting that needs to be changed as well to make the bid / ask lines display on the chart? I've been checking everything, but I'm still missing something on my chart. I'd really like to have those as opposed to the bars.
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Edit: Disregard, I think I've finally figured it out. Edit: Didn't have the 1 Tick setting set correctly in the Date/Trade service settings.
I use the heatmap when i'm trading futures. I use the SC market depth study, but I've also used some other proprietary stuff( which isn't my own to share). Since the depth bars are accessible via ACSIL functions, there's lots of room for customization. It'a hard for other vendors to compete with SC.
The large volume trade indicator is a useful addition, it just needs further inputs to control the scaling.
* I also like to use the bid/ask depth bars study, so you can visually track the total changes in bid vs ask depth. This can be configured so that bid depth is displayed below the main chart, and ask depth above. This study outputs values so simple alerts can be created.
*The edge here with SC is that you can now create custom simple alerts using the likes of the large volume trade indicator/ bid/ask depth bars. Or more advanced iterations calling market depth in ASCIL- So you could easily identify specific conditions, or potentially backtest across all data you have recorded. So you can automate the process more, and find out for yourself what works/what doesn't.
"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"
We're trying to work together here for the greater good and bounce ideas off of each other to improve this study that we all are finding useful for trading.
You miss 100% of the shots you don't take. - Wayne Gretsky
Did not want anyone to think Depth really means nothing...hence came back to revisit this point. There are some very specific events which co-relate to Depth. So Depth definitely means something. Depth will play a big role....however i have not found many products which are very visual in illustrating Depth capabilities. Depth will PLAY a role in every market turn....or price change and at times more often than not will lead the market or be coordinated with very specific Speed events.
This was posted on the SC support board, I grabbed it and started to modify it a bit.
I'm going to test it for a bit in a couple of sessions and see if any tweaks need to be made and will eventually upload it in the Elite Downloads section.
I like how it has the VP on the cart and shows the VAH / VAL / VPOC.
You miss 100% of the shots you don't take. - Wayne Gretsky
There are two studies hidden, they can both be enabled if so desired. One is a different trade indicator study and the other is a volume study in region 2.
This was initially made for /CL and I'm using it for /ES.
The Volume profile value areas may not be precise, I'm more accustomed to MP, although the VPOC does appear to be accurate.
The large volume trade indicator will need to be adjusted to whatever suits the trade levels the end user likes to see.
I personally have remove the DOM depth, it can be disabled/enabled via Trade > Show Depth
I've attached the chartbook to this post as well and will be uploading it to the Elite downloads section.
You miss 100% of the shots you don't take. - Wayne Gretsky
"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"