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I have documented this last Long just for the pleasure of sharing. This trade took quite a while to deliver its reward but it finally did. The nice thing about it was the low risk if it had failed (3/4 ticks at risk) but with at least a 3:1 potential reward. I got a 5:1 ratio for 15 ticks.
Can you help answer these questions from other members on NexusFi?
Just out of curiousity..... is there an indicator for NT7 that can replicate a volume profile - like look starting and ending at user defined points similiar to what is on TIYF's screen?
The GomMP doesn't allow to have start and end times for each profile intra day (as far as I understand)
There is a function within the GomMP indicator to draw a profile across any number of bars, however this is done
by hand so to speak and covers bars that have already been printed, if that makes sense.
I've been asking on several threads here for a volume at price thing but so far have not had much response.
The GomMP is excellent for a daily (created real time) and per bar POC and/or profile, not to mention the delta stuff.
(imo)
There is also iMarketProfile indicator. But I don't thinks it's actual volume but TPO.
Still a good indicator though. https://forum.ninjatrader.com/showthread.php?t=24539
That's more or less the functionality I wanted, was just to plot it across user selected bars. Futuretrader mentioned that functionality, so I know it's there. A user-defined VAP might be nice.
The GOMMP will work as I just need it for small intervals of real time data anyways.
I'm reading through that thread and I'll see if I can figure out how to get it to do what I need.
I was on vacation, and have noticed this thread has started to move away from the original topic and more into modifying cjbooth's strategy.
Anyway, I was looking at the markets just now and noticed this potential setup, except there was no divergence in Stochastics. So I guess it would not have a been a trade cj would have taken. But then again, Im using the ZigZag indicator from Sierra Charts, which draws different HL than the ZigZagUTC. Maybe someone can compare with their NT charts.