Trade Intensity

[Trade Intensity]

We developed this indicator and all of our traders use it every day, in fact we have 2 different versions of it and they use both.

 

The HUGE CAVEAT with this indicator is that it can give the signal of a reversal when it is really a signal of continuation.

 

The good news is that with the proper filters based on order flow and the balance of trade it becomes easy to tell which is which. Without such filters or other corroboration its use can be very problematic.

 

cheers

 

UB

First off thanks UB for the thread! I spent the time to code up what I believe to be a crude NT version. I can now say with the utmost confidence that when I see intensity accelerate and then decelerate the market will either reverse or continue! :-)

 

Any chance you'd toss us a bone or pointer re order flow and/or balance of trade filtering?

[New MP Software for Ninjatrader]

Just an FYI - A NinjaTrader indicator for "Value area" and POC has been posted here:

http://www.ninjatrader-support.com/vb/showthread.php?t=4466

 

I am still learning MP and have not yet tried this indicator...

 

-- Mike