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GOMI all NT7/8 & SC; MP & Orderflow @ Gomicators.com from original GOMI
How to define the below Conditions on live market? Need Some clarifications from users of this recent feature?
Reversal indicator show potential reversals : they are shown when a certain number of conditions are met, concerning
Declining interest on one side
Imbalance on the opposite side
Absence or presence of imbalance on the declining side. POC (price with maximum volume) in a favorable zone in the bar.
Total volume of the Declining Zone vs Total volume of the opposite zone
@KahunaDog : yes there is some slowness in the load time when tick replay is enabled. It concerns any indicator, if you put a SMA on a tick replay chart you will see it is slow to load.
I mentioned the issue in 2015 to ninja support Slow Tick Replay - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum but it seems it didn't make it up high enough in the priority queue. In the latest benchmarks I had run, the NT7 GomRecorder was 6x faster to read the NT8 files than the NT8 client, and NT8 loading its own files was more then 12x slower then NT7 loading Gom Binary files. :-(
There might have been some progress since, didn't do benches since, but I still find it rather slow...
However, the slowness is only on chart load ; realtime there is no issue.
not sure what you mean by "define". in his documentation, @gomi explained those conditions very well:
Color Declining Zones
If set to True, will paint the cells in the declining zone with Up color or Down Color if all the conditions of the valid
reversal are met.
Show Reversal Arrows
When enabled, this setting will paint an arrow on the top or bottom of the candle when all conditions of valid reversal
are met.
This allows to spot reversals even on a shrinked chart.
Minimum number of declining levels
Sets the minimum number of declining levels to validate the reversal zone, default is 3.
Allow imbalance on declining side
We are trying to measure the failure of the decline side, this setting defines if having imbalances on the decline side is
authorized for a valid reversal. Default is false because an imbalance on the declining side would mean strength.
Minimum size of Opposite Imbalance
If 0, there is no condition on the presence of imbalances on the opposite side
If 1, any kind of imbalance on the opposite side will validate the setup
If larger than 1, we look for an imbalance of a minimum size, to assert strength.
Position of the POC
Having the POC on the declining side of the bar can help with imbalances working out because it can show there is a
big number of traders trapped on the wrong side of the market near the highs or the lows.
Possibilities are Anywhere, InDecliningZone,InDecliningSideHalfOfBar,InDeclinigSideThirdOfBar.
Force Decl. vol < Opp. vol
When this option is set, a reversal is only validated it the total decining volume is smaller than the total opposite
volume. The opposite would mean there is strength on the declining side.
Sound Alerts
If true, a sound will be played whenever a new reversal is found. This is only evaluated at the end of each bar.
Up/Down sound
Defines the sounds to be played if “Sound Alerts” is true.
Thanks for the response. My issues with other footprints on nt8 are the entire nt8 freezing. I suspect this has to do with the amount of calculations needed when tick replay is enabled and you are running multiple tick enabled charts.
Due to this I attempt to minimize the calculations by reducing charts and days loaded.
Gomi has done a wonderful job with various features in his footprint.
Imo Serious users should at times remove the fluff and watch the footprint itself. The options and features make it easier to see what is going on. But relying on it without knowing and practicing seeing then utilizing that information imo will slow and affect your bottomline.
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
@KahunaDog, I am a huge advocate for GOMI. NT8 adoption is probably being held back because so few seem to realize that GOMI's new improved versions are available. NinjaTrader should actually buy the code from him. BUT that does not mean it cannot have better features.
Did you compare the two images I was referring to from SIlvester17 comparing NT8 to NT7 and pointing to the old column?
Order Flow Price 2087 has ~900 sells compared to 13 buys. So it is obviously a sell area. Except that the column in NT7 shows the net delta for that level is + 3. So it is not as strong a sell price as order flow would indicate.
Some features you disregard as fluff are valuable to others. The MP shows a graphical representation of pure volume but not whether each level was +/-.
The Order Flow shows current bar information. The right side graph column was numerically and shaded to show the actual trading at a level. Personally I found it very helpful if we got into an area not explored for a period. Simply seeing that even though we were in a resistance zone, this price level was support or at least a level of contention.
Having the Delta above and below that candles is good information BUT makes it difficult for a very cursory look to see that the balance is in trend or chop based on candle a being the same trend as b or in what I consider neutral which most consider even values but I consider no more than about 3% in either direction. I.e... 300, -500, 250, -350, 15 (fifteen would be neutral for me even though not equal to zero "0.)" To my mind the 15 would be a neutral color not a buy color like it would be in the order flow bar.
That is why I requested additional information. capabilities. A coder once advised it is better to create another indicator that reads the output of complex indicators like GOMI than trying to modify their code - when the code was open. So figure if the data is exposed the same idea would hold true.
You apparently are a very good trader. I am still working towards that.
jmont1
You misunderstand my post.
My point again.
"Serious users should at times remove the fluff and watch the footprint itself."
This is in relation to knowing why and what the footprint does. The signals it gives off. Whether action is responsive or initiative.
My suggestion was from owning 4 different footprints, coded by 4 different programmers. I do not use or own Gomi. If I didn't own the others I would likely use Gomi. He has done a wonderful job.