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Are you suggesting using Machine learning techniques to identify patterns in order flow? I doubt Machine learning is going to produce a magic result, there's still the need to select certain parameters. This is probably a topic you should start another thread on.
Personally, I would only look at machine learning techniques during optimization, but I'm a noob.
The "delta" examples posted in this thread can easily be identified in SC using simple alert formulas.
"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"
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
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Peter @mokum, I'm not really a SC user, although I have tried to leave NT without success.
Patterns can have many variations so you may just be discounting these but there is a SC study called Candlestick Pattern Finder. Have you looked at that and possibly modifying it to your set ups? I have not tried it so cannot help.
If you get a copy of NT7 or 8 even as a trial it does have a candle stick pattern indicator. But it only does one at a time. There are variations that will do all. But these are primarily based on the up/down, open/close of patterns. None look at market delta. But might be a starting point.
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I have a variation of NT7's candle Stick Pattern that has an adjunct indicator used for strategies. But I have messed the code up a bit and trying not to post it till I get it cleaner. Of course that would not be good for SC unless you have it converted OR run it in NT sim and manually enter trades in SC.
BTW, @gomi is a contract programmer. If you really believe in your strategy you could contact him to code it.
my preferred condition is when the market is ranging. easier to spot good entry and exit levels than in a trending market. and normally there will be more opportunities. however, the same logic can be applied in a trending market. as always, I use the vwap (only daily and eth) for guidance. in a up trending market like today, a good entry level for a pullback is the first upper sd band or the vwap itself. and then we can confirm the entry with our footprint chart.
here're some examples. my favorite one is number 3. a big bullish delta divergence, large min delta value, max delta = 0, negative volume imbalance and trade location also close to imminent support created by a positive volume imbalance:
as already mentioned before, there's no guarantee it will work every single time. I don't know anything that does. but I believe this is a valid approach and you'll know pretty fast if it fails.
I've been looking at order flow & footprint tools a lot recently. Order Flows has some concepts I have not see elsewhere.
Ratio bounds low
Ratio bounds high
Price rejection Delta surge/scalper
Not sure if you have seen these before or have comments on the features. I would certainly greatly appreciate any thoughts you have on them. And on whether your nee product has
similar functionality.
Out of interest I had a look at a couple of the videos on that channel.
Some good basic stuff on profile and order flow but I can't see any useful additions in those tools that aren't already in Gomi's tools.
For example, re the "ratios" that they go on about I think that the Numbers Bars Calculated Values in Sierra gives you better options to display than the ratio. I'll leave you to look at that ratio and form your own views.