I am always urging OF-G software subscribers to try graphic depictions of order flow data, rather than old school numeric or textual displays. And there is a reason for this: Our brains are much more efficient at processing pictures and shapes than at processing text. Here is a quote from the article, Humans Process Visual Data Better:
“Visualization works from a human perspective because we respond to and process visual data better than any other type of data. In fact, the human brain processes images 60,000 times faster than text…”
Continue reading “Traders Process Visual Data Better”
This post describes August 2019 updates coming to Insider Bars and OFG Suite in the next few days. Continue reading “August Software Updates: Insider Bars”
One of the most important building blocks for understanding market action is the idea of discrete market analysis. By this I am referring to analysis derived from discrete tools (as opposed to continuous tools.)
Discrete data can be counted.
Continuous data must be measured.
Continue reading “Discrete Market Timeframes”
There are a number of instances where you may wish to transfer your settings. For example,
- If you would like to replicate a chart for a second symbol
- If you are switching from the Insider Bars product to the OF-G Suite product on the TradingApp Store, or vice versa (Different products use different indicator names.)
- If you are switching from a TradingApp Store subscription to an ELD subscription (Here also, different indicator names are employed.)
Insider Bars (and all the OF-G products) have a lot of settings. Manually recreating your chart would be a long and tedious process. Fortunately, there is an easy way to transfer your settings automatically. Continue reading “Transferring Insider Bars Settings the Easy Way (Video)”
This post will explain new features coming to Insider Bars this month. Subscribers to Insider Bars and OF-G Suite should receive this update in the next few days. Please note that OF-G’s software update schedule has changed in 2019. For more information, see this post.
The three big updates this month are all on the Insider Bars B indicator. Please review the following:
Volume Profile Under Price Bars
Continue reading “Insider Bars Software Update – May 2019”
The histogram option shows relative volume at each price or Auction Point as horizontal histograms:
Continue reading “Intraday Bar Histograms (Volume Profiles)”
Volume Markers work like traditional Bull-Bear Markers, but instead of highlighting extreme bullish or extreme bearish price action, they highlight two tiers of high volume Auction Points.
Continue reading “Volume Markers”
Bull-Bear Markers allows you to only highlight Auction Points where volume is very skewed to bulls or to bears. This example highlights price points where 75% of volume is bullish (blue) or bearish (red).
Continue reading “Bull-Bear Markers”
Insider Bars B can display the current period Volume Profile on the chart background, underneath the price bars.
Continue reading “Insider Bars Volume Profile”
Insider Bars allows you to display VWAP (with or without standard deviation bands), Value Area, and VPOC on your charts. To set up this feature, choose the timeframe, items desired and VPOC desired from the three drop-down boxes at the top of the input screen. Continue reading “VWAP, Value Area & VPOC”