OFA_trader

LOL! haven't noticed the year..:crap:

Nicely explained, and it's rather refreshing way to trade bracket formations.

There are various ways.. This template is for Multicharts Easylanguage version EL reserve word would be 'Maxentries' if time > 0930 and time < 0400 then begin // edit as per your market time if maxentries(1) <= 2 then begin ...... //paste your strategy code in blank dots end; end;

Hi I am looking for a particular trading system which uses orderflow data in Multicharts. There are a lot of good indicators available for MarketDelta and NinjaTrader but I have rarely found any indicator for Multicharts. Here I have found one indicator on this blog ofanseindia.wordpress.com he uses Multicharts but problem is his setup is based on Indian market and I am looking for US markets, I have tried to communicate with him on his spread indicator but I haven't got any reply. With the explanation provided on that blog it seems like we need to use level II data. Have anyone tried to create such indicator in Multicharts for S&P 500 or E-mini? here is the detail link of that particular post http://ofanseindia.wordpress.com/2012/10/31/tutorial-how-to-read-charts-posted-here-in-real-time/

@DutchDandy So far what I have understood is that you are looking for a statistical algorithm which will scan all your data set and then come up with the relevant number like 30,000 is the change in volume and 2 is the change in price then most of the time that scrip rallied. It was just an example. If that is what you're looking for or that kind of analysis then I will strongly recommend use proper statistical software like Revolution R or Matlab. Excel has lot of limitations, and best thing about these softwares is that they are capable to produce add on for Excel itself. So if any function is absent in Excel then Excel will use Matlab's functions in the form of that add-on. Regards

Just in case you forgot completely we are still waiting for your video as you promised in your 1st post.