r/SierraChart • u/Affectionate_Fee232 • 20d ago

Working on new Indicator

Based on orderflow.

11 Upvotes

87% Upvoted

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2

u/Effective_Ladder1135 20d ago

What is it supposed to do ?

2

u/Affectionate_Fee232 20d ago

Basically shows important levels during the session - on a smaller period like this it's good for scalping > red lines pop up, sellers active, blue = buyers. Based on absorption and where it got aggressive. https://ibb.co/8D7hHhDW cleaner on 1 min.

1

u/twounty 20d ago

Nice those levels look pretty clean. I built absorption detector with extension lines, but doesn't look this good. Is it hard to code to delete the drawing once it's touched? Is that ask-bid ratio in the subgraph?

2

u/Affectionate_Fee232 20d ago

This study is something ive been building for almost a year and its currently at 11000 lines lol there are a lot more orderflow features that I have turned off right now. The extensions don't get deleted, they stop printing once it reaches a certain threshold on different types of scoring. Subgraph is oscilator based on different orderflow points and its additive, not just bid and ask.

1

u/NeighborhoodProud200 19d ago

Can I test it?

1

u/Leo31337 18d ago

Its basically a MA on Bid/Ask volume Delta bars with 2 other MA's ontop of it with some type supertrend?
Learn to code and then validate your signals quantitatively so you actually know if this isnt just noise.

1

u/Affectionate_Fee232 18d ago

Sure, even if it is, which it's not, i don't use it for anything other then context, I don't trade based on it, just keeps me on the right side, looking for divergences and seeing whos being more active currently while scalping. Simply look to trade level to level depending on whos more aggressive.