Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now, It is Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
Available coupon codes for premium Elite Membership:
If you are a researcher and pay attention to details, you qualify for our 10% discount - "CHARTIST"
If you are a veteran or in public/community service, you qualify for 15% discount - "PURPLECHART"
If you are 60+ years old, you qualify for our 20% discount - "WISDOM"
Discounts are based on the honor system. If we can't trust you to do the right thing, please move along.
(If you already have an account, login at the top of the page)
I really enjoy the indicator honestly I tried it 4 years ago, but didn't know what I was looking for. The indicator also improved, with this signal settings. I definitely will use this indicator after trial if i manage to have the alerts
Can you just help me to set the alerts? On the alerts (left side is conditions) I see I can choose indicator then below left side I can choose up or down signal.
What do I have to choose to compare with in the middle row and right column? It is just an arrow so not equal to data series gbppjpy or not equal to indicator down signal?
I have 4 indicators on a chart (8 signal for 1 pairs)14 pairs, so I hope ninjatrader can handle all those allerts
When the signal is active, it's value is 1, if not it's 0.
You could test the value against 1 or 0, but careful with value comparison using floating values, it can be tricky, so it's safer to compare with 0.5. As a result, signal active will be > 0.5, signal inactive is < 0.5
The following user says Thank You to gomi for this post:
Can anyone share their thoughts on formulas that could be used with gomi OF to detect exhaustion and trapped traders. I have paid indicators that plot both of these but I would like to find formulas that work with gomi OF so that I can test with bloodhound which I can't do with the other indicators I have because they aren't compatible. I know in general that they plot exhaustion when they see a "low" number of trades near the top or bottom and they plot trapped traders when they see a "large" number of trades at the top or bottom of a bar that closes in the opposite direction. But what I don't have a feel for is how to know what "low" or "large" is and how to generate these signals using gomi OF. I trade RTY since that might have a bearing on the suggested numbers. If someone could share some specific ideas on how to do this with Gomi OF that would be much appreciated.
You can try to use signals produced by the reversal module, it tries to identify trapped volume
It will be available in formulas as IsBuyingReversal[0] or IsSellingReversal[0], and you can also access top and bottom volume using SellsAtHigh[0]+BuysAtHigh[0] and SellsAtLow[0]+BuysAtLow[0]
Hope it helps !
The following 4 users say Thank You to gomi for this post:
