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”
Late in 2018, OF-G introduced ELD file delivery for products, in addition to delivery via TradeStation’s TradingApp Store. I’m happy to report that the reviews of ELD are outstanding! One of the big advantages of ELD delivery is that it offers far more flexibility than delivering everything via the Store. For this reason, ELD is becoming the testing ground for new product features. Then — only after all the kinks are out — will updates be released to Store subscribers. Continue reading “OF-G Product Development Changes for 2019”
The concept of value area is one of the most basic, and yet most important in volume profile analysis. From Markets and Market Logic, by Peter J. Steidlmayer (inventor of Market Profile):
In order to read market activity in the futures market, we will isolate, extract and categorize other timeframe activity, focusing in on and monitoring four portions of each profile:
1 – The value area and how it changes, both directionally and in terms of its high-low range. Monitoring this indicates how the market is facilitating trade. The range of value area as defined by 70% of the day’s volume and its location (higher or lower than the previous day) are illustrated in the lower left hand portion of each profile. This information is important when one is considering whether or not the market is facilitating trade. Continue reading “Insider Bars Basics: Value Area”
The concept of point of control (“POC”) dates back to the 1980s, and the introduction of Market Profile. In a traditional Market Profile display, the POC is the price with the most TPOs (time price opportunities).
A TPO equates to a letter printed on a Market Profile chart, signifying that the market traded at that price within a 30 minute period.
Volume Weighted Average Price (VWAP) has become a fixture on modern trading platforms. From Wikipedia:
In finance, volume-weighted average price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon (usually one day). It is a measure of the average price at which a stock is traded over the trading horizon. VWAP is often used as a trading benchmark by investors who aim to be as passive as possible in their execution. Many pension funds, and some mutual funds, fall into this category. The aim of using a VWAP trading target is to ensure that the trader executing the order does so in-line with volume on the market. Continue reading “Insider Bars Basics: VWAP”
Those of you who have been TradingApp Store subscribers for a while no doubt understand that, while it is very convenient, the Store can be a pain in the butt sometimes! Its technology comes with added restrictions, and does not allow developers nearly the flexibility we have ordinary EasyLanguage, ELD files, etc. This post is about changes coming soon which will greatly enhance the user experience for OF-G products. Continue reading “Now Available: Improved Reliability with ELD Subscriptions”
In recent years, the US stock index futures markets have shifted their rollover practices, and TradeStation’s standard continuous contracts have not been adjusted accordingly. With volume-centric analysis tools like Insider Bars, this can cause significant differences in analysis results. For best results, you should use custom continuous contracts which may be tailored to current market practices.
A Subscriber Asks: Why do you use 1440 minute charts with Insider Bars?
A chart of 1440 minutes equates to one day, 24 hours x 60 minutes per hour. So a 1440 minute chart is an alternative to using a daily chart.
The reason we do not use daily charts for Insider Bars is that the real-time volume data on TradeStation daily charts is different than on minute, second, tick and volume charts. It includes late prints, spread trades and various other things which would be noisy on intraday charts. Continue reading “Using 1440 Minute Charts with Insider Bars”
Windows 10 has a bad habit of restarting itself to install updates when it thinks you are not using it. Of course, this causes all sorts of problems with TradeStation. This post shows options to manage this issue.
To get the best performance from your OF-G product, your TradeStation platform must be optimized for peak efficiency. This post will go issues you should address immediately upon installing the platform. The same issues apply equally to TradeStation versions 9.5 and 10. Continue reading “Setting Up TradeStation (Updated September 10, 2018)”