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I can't remember how many requests I read about a vwap with user defined start and end time/points. so far I haven't seen a satisfactory solution to accomplish this. an example would be to add a vwap to swing highs and lows. or to use it in a "midas" way etc.
something like this:
it took me less than 1 minute to add those vwaps
all this is possible with @devdas new tool, called DrawCator vwap (drawing the indicator). the vwap is actually used as a drawing tool. so you can "draw" the vwap wherever you want on your charts. on top of that, you can create alerts and also it's accessible from other ninja scripts. really amazing and it also shows the power of the new nt8!!
as mentioned in my prior post, the draw cator vwap can be accessed by indicators/strategies.
here's a simple indicator that shows a normal session vwap and also paints the bars above and below the current vwap. just one of many possibilities. I really like that concept
who doesn't remember the remarkable volume ladder metro edition for nt 7? well this new product for nt 8 is something different. the current built is just a basic version. it doesn't have all the features available like the metro edition. although there're lots of options for customization and functionality. very interesting is the "footprint mode" where you have 5 different options for delta calculations. depending who your data feed provider is or if you're trading fast markets where traditional delta calculations can be off.
according to the website, there'll be a major upgrade (with price hike) early next year. it's my understanding that some of the "popular" options available for volume ladders will be included in that upgrade. but I believe the main purpose is the possibility to add your own personal "ideas".
again, something unique, very impressive. well done
also there has been an upgrade to the drawcator vwap with new features:
- fill color in upper/lower mid bands
- standard deviations value input
if someone is using the ladder. Would it be possible for you to post a few charts of ES today's in particular.
Right after RTH close... pls show a 695Tickbar chart. price from the 58-59s to 70. 695Tickbar will be perfect to see. Kindly illustrate tool highlights with the 695Tickbar chart. Will be awesome if this can be seen.
there're many different display options. here's another example for volume and delta:
but what's even more important is that the calculations (bid/ask, delta & volume) are done correctly. especially for order flow tools it's important to have correct numbers (including the whole coding of course), because you rely on them. and that's what separates tools made by @devdas and @gomi from other vendors. I know I can trust them!!
Fantastic ..great...n thnx for the charts. I was there on this move from below...but was expecting a Boom somewhere there and needed to see the charts. Thanks again @Silvester17
Yupp I do use GOM from @gomi. I love it..though i use only Up/Dn proxy way
I think this tool also should be equally good. Have always heard good stuff on @devdas products I have had some issues with NT8 memory loss.... n not been able to move onto it the way i would have love to. especially since am having to port everything from nt7 to nt8...& hence running both simultaneously till port mid of next yr. Probably my HDD is the culprit which is running extremely low 8GB .
btw @Silvester17 whats the Profile in Yellow?...is that also part of the volume ladder.
I wish for few things @devdas ...hoping that would come in time esepcially the Bid/Ask/Total Vol, etc to be displayed below either using numbers and or histograms.
And ofcourse if you taking any private requests @devdas....i would love to be able to see a Delta super imposed from a User Defined timeFraming delta on the horizontal axis where Delta is being exposed. Yupp that may not be how Ninja allows mix of TFs....but is helpful. And if Delta can be done...the Bid/Ask etc also could be
anyways let me fix the Ninja8 thingie...will get the ladder
yes that memory loss problem can be very frustrating. and I still don't quite understand it. in the beginning I also suffered from it, but one day it disappeared. anyway there's some good advice from @Sim22 that might be helpful. especially this one:
I did test out the activity bars but they are not my cup of tea. Good luck Devedas but I think the NT8 footprint market is swamped and there are already some very good ladders out there.