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Did you try the SupDemZones indicator from the DL area on this site? Just wondering if you did and how it compares against the Ninjacator version?
One problem I found with the free SupDemZones is that if there is a large spike in the premarket (there is almost always something in the instruments I'm looking at), the support/demand zone can get very distortedly huge and and subsequent zones in the area aren't seen. Therefore I was wondering if Ninjacators have a correction.
I have the GoldenzoneTrading SDVolumeZones but that indicator runs like a pregnant dog, if you pardon the expression.
After the significant sell off today, NQ has tested and bounced off from the 7000 prior resistance. For QQQ it is the 170 level.
So far the reaction appeared to be robust. The future test of 7160 is crucial because that is where sellers might appear.
In fact, the test of 7000 in NQ is the best buying opportunity in many days. Plenty of good names are cheap for grab like, Baba, mu, dbx.
To be honest i have never heard of SupDemZones.
The ranchodinero is the best looking MP charting package I have seen.
Much better than the any other offering on the market.
The Russell is still not officially broken as it merely tested the 4 hour bullish order block and reacted nicely from there.
However, the massive overhead supply built above 1676 is going to cap its gain in the coming days, except the headline news can see dramatic change of tone.
Sorry for the misunderstanding. The SupDemZones is a support demand indicator. The SDVolumeZones (commercial support demand indicator) is awesome as it has corrections for spikes but runs too slowly
I'm a newbie with market/volume profile and I just signed up to the Rancho Dinero software last week as well as getting to grips with it and market/volume profile
The DAX is quite broken. It is likely to draw a bat or alternative bat pattern in the chart.
Hence look below at the 88.6% and 113% retracement as the target. We are going lower!
To be honest, I am quite suspicious to all supply and demand indicator. because the market loves to runs stops beyond those so-called supply demand levels. It is much better to trade the failed short seller for a long and vice versa.
I have the SR level in the chart just to remind me about the adjacent structural level. I never trade the SR level in itself.
The best SR level is actually weekly POCs, monthly POCs, and weekly monthly high volume nodes. Also breakers are very effective.
I think the two books from Jim Dalton are a good starting place for the market profile.
But his view is quite limited and not dynamic enough in my opinion.
For a more dynamic application of volume profile, you can watch the free youtube videos on the channel of innerCircleTrader.
He claim that he does not apply any market profile principles or tools, but actually everything he does are a full embodiment of the market profile principle in a much more modern and dynamic fashion.
