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wadams
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Understanding the Felton Trading System
wadams replied to Roger Felton's topic in Technical Analysis
Roger, please continue posting your lessons. You can't let criticism get to you. If you do, then regardless of the actual merits of your system, you signal to others that you're not confident in the what you're doing. It looks like you're seeking approval and validation from others. Stop that. Be your own kind of awesome instead. -
I found this video that shows how they make their COT. Cheers
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This is a pretty old thread, but I just came across OFA from Mirus Futures webinar page. From what I've seen in, the COT is a modified delta. It is not the same information we get from MD, IRT, Gom, etc. In addition to volume occuring at the bid or ask, OFA incorporates a weighting process based on the tick direction (uptick or downtick) and the number of trades. While I have no idea what the algo is, the general idea makes sense. Whether or not the price moved and number of trades add more nuance to determining the "aggressiveness" of market buying and selling action.