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I'm going to check it out on Monday. I'm curious if you guys are interested in the GomEffortResult & GomDeltaVolume? I think they look interesting as well. I searched for them but didn't find anything.
I've used GomDeltaVolume before. As I recall it is very similar in concept to RJay's VolumeSplitters he designed. For information on trading using market delta check out Dr. Steenbargers blog at TraderFeed. He has wealth of information on market delta and trading psychology.
Hey guys, just thought I'd chime in with a minor contribution. I've been interested in the ideas of trade intensity, buy/sell volume imbalances, L2/DOM imbalances and so forth but never really reached any major game changing revelations (yet). Maybe I just haven't looked long or hard enough. My trading plan is simple price action, S&R and trendlines on relatively naked charts.
Anyhow, here is another NT indi that might be of interest to some. It is similar to the agOrderBookOscillator, but it's called "CarsPulled". I didn't write it, and don't remember where I ran across it, but it appears to track the volume of orders pulled from the DOM and *not* executed. Or, those that are "pulled" end up as market orders potentially??
I don't use any of these indicators in my trading -- intensity, buy/sell vol, L2/orderbook tracking, etc. -- but if anyone comes up with any ideas or well defined objective setups with them I'm listening.
I'm not great at programing but I think carsPulled is just a running total of changes in the bid and ask order book, and does not distinguish between orders pulled and orders filled.
I think it needs to use something like
if (e.Operation == Operation.Remove)
to check for removals.
Plus it seems to produce wacky results on small time frames .... ha ha.