The screen shots below are of a "dashboard" that we call our Market Heads Up Display (HUD). Our in-house traders use this information to keep in touch with what we call the market's vital signs. This software is NOT for sale and is shown here not as an advertisement but to demonstrate the predictive power of properly processed data collected from several time/volume frames.
This application was written in C++ and reads data from different data streams for different markets. This version supports trade in ES and TY and is updated on a tick by tick basis.
The top data line shows the HLC of the market and, more importantly, the net of commercial new trade for the session and the CPM, Contracts Per Minute, which is an important, constantly changing measure of the market's "life force."
The red, yellow and green bars represent buy and sell signals in 11 different time frames.
The blue pulse gauges demonstrate percentage of normal volume in 6 different times and normalized for time of day.
The pie charts show the EXACT balance of trade inside the most recent blocks of trade volume.
To the right of the pie charts is another pulse gauge that demonstrates our calculation of net new commitment by commercial traders in six different time frames and again normalized for time of day.
At the bottom left is a graph of session's net new trade by commercials in net number of contracts long or short.
Bottom right is a short term graph of price with is a very quick Jurik Moving AVerage of the midpoints of bars.
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This first shot of the HUD shows nite session activity 4 hours before the open taken from the 10th of this month. Note the very low levels of both volume and more importantly the complete lack of long term/commercial trader commitment.
We believe that since the nite session trade is done mostly by commercial traders that the data from those trades can be predictive of the day session that is yet to come.
In this case the HUD shows below average in total volume and almost no trader commitment. As it turned out the day traded at about 40% of volume, 40% of range and 40% of intra-session volatility - a nothing day as indicated by the HUD.
This next shot was taken before the open on the very next day, the 11th of this month.
Note that there is much more volume and much greater trader commitment. Most important here is that the commitment readings were much bigger than the volume readings and all red which indicates a huge selling imbalance.
This imbalance was refelcted in trade during both the nite session and the day session to come by lower prices and continued selling with much more volume and volatility - all down.
It is not about total volume it is about the imbalance within that volume that predicts future prices. If you can accurately read imbalance in multiple time frame you can predict future prices in multiple time frames.
This application was written in C++ and reads data from different data streams for different markets. This version supports trade in ES and TY and is updated on a tick by tick basis.
The top data line shows the HLC of the market and, more importantly, the net of commercial new trade for the session and the CPM, Contracts Per Minute, which is an important, constantly changing measure of the market's "life force."
The red, yellow and green bars represent buy and sell signals in 11 different time frames.
The blue pulse gauges demonstrate percentage of normal volume in 6 different times and normalized for time of day.
The pie charts show the EXACT balance of trade inside the most recent blocks of trade volume.
To the right of the pie charts is another pulse gauge that demonstrates our calculation of net new commitment by commercial traders in six different time frames and again normalized for time of day.
At the bottom left is a graph of session's net new trade by commercials in net number of contracts long or short.
Bottom right is a short term graph of price with is a very quick Jurik Moving AVerage of the midpoints of bars.
------
This first shot of the HUD shows nite session activity 4 hours before the open taken from the 10th of this month. Note the very low levels of both volume and more importantly the complete lack of long term/commercial trader commitment.
We believe that since the nite session trade is done mostly by commercial traders that the data from those trades can be predictive of the day session that is yet to come.
In this case the HUD shows below average in total volume and almost no trader commitment. As it turned out the day traded at about 40% of volume, 40% of range and 40% of intra-session volatility - a nothing day as indicated by the HUD.
This next shot was taken before the open on the very next day, the 11th of this month.
Note that there is much more volume and much greater trader commitment. Most important here is that the commitment readings were much bigger than the volume readings and all red which indicates a huge selling imbalance.
This imbalance was refelcted in trade during both the nite session and the day session to come by lower prices and continued selling with much more volume and volatility - all down.
It is not about total volume it is about the imbalance within that volume that predicts future prices. If you can accurately read imbalance in multiple time frame you can predict future prices in multiple time frames.
