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when it comes to vendors, I'm always very skeptical. over the past few years I've seen and tested many products. but actually trusting and buying a product, I would only consider very few vendors. one of them is @devdas. honest individual with tremendous knowledge and extremely talented.
I didn't spend much time with nt8 yet. but was curious about those activity bars. depending on your trading style, different bar types can make big differences. I like to use footprint charts and therefore bar types with an artificial open (like renko) don't make much sense imho. don't have that problem with activity bars. they show a correct open, high, low and close.
here are some comparison between activity, minute and range charts with a volume ladder:
- possible support / resistance with volume imbalance
- and here's how it looks inside the bars
it sure is something unique. if someone else is testing activity bars, it would be nice to exchange some opinions
Thanks to @devdas I had trial of the activity bars. I use Rancho Dinero footprint type charts to enter in my pre-defined levels so I tested it with activity bars. In many many cases activity bars look much more convincing than the range bars like the bar at 12:39 with the exhaustion at the bottom and stacked ask side imbalances, to me invitation jump on board.
If anyone found other ways to use them please don't hesitate to share
This is the start of my trading journal on my road to trading consitency. I have been reading other journals since I joined futures.io and have learned so much from them that I firmly believe that journaling is a vital part of becoming a better …
Yes great work by @devdas and he has been a contributor to the forum. Kudos and good luck
would love to try different vendors. But off late been doing most of the development by private coders such that the code is kept permanently with us rather than using Validations by vendor backend systems. anyways thats not the point here.
activity bars help a lot filtering out some noise. with traditional bars you might get several bars in a tight range, but with activity bars you might get only a single bar. indicators will also improve from that constellation. also very helpful in identifying a potential reversal.
what's also interesting is the "activity mode" in the settings (options are 1 or 2):
there're some good charts and video on @devdas website for better understanding. and don't forget, there's also a free trial
hi @Silvester17 thanks. Since I spend money on trying out or developing new stuff...trials are not a concern
I use Tradesation where I can get locked ELD's and it's mine till i choose to use it. With Ninja it's slightly different where it needs validation from backend vendor. Have gotten burned on this once. If for any reason vendor closes shop IP and use of indicator goes away. I am ready to pay more if validations or locked code resides on my PC.
Hi @Silvester17 just looked at your examples above. Is the Volume Imbalance you show coming from a Gom product. The Support/Resistance or Supply/Demand which you showed?
If so which one....i have these but dont seem to have Volume Imbalance. Is this off this site?
GOMI, original creator of GOM MP, has created a fully recoded enhanced multi-platform professional MP (volume based) and Order Flow for delta insights.
The new GomMPPro builds upon the open source GomMP hosted on nexusfi.com, and includes multiple …