Market Heads-UP Display

[UrmaBlume 10]

Here is a screenshot of a Market HUD. While this software is in private use and not available for sale or lease, it does demonstrate some of the power available by combining processed data feeds.

 

This application shows the market's very vital signs and completley demonstrates and reports the surges of buying and selling that propel intra-session price surges. A refreshing look at something besides the same old bar charts.

 

There are many, smart, successful traders who know that technical innovation is often a pre-cursor to trading success. The purpose of this post is to illuminate by the presentation of new concepts and technologies and to stimulate a conversation that could lead to innovation of technique rather than a contiuous re-hash of the sameO, sameO.

 

The top line shows longer term trader commitment so far that session as well as current trade flow as measured by contracts per minute.

 

The red, yellow and green bars are buy/sell signals in 11 different time frames and a are constantly changing throughout the session.

 

Blue bars on the left show the percentage of time of day normalized volume in 6 different time frames.

 

The pie charts demonstrate the buying and selling during the most recent blocks of trade and are constantly pulsing with surges of buying and selling power.

 

The price ladder in the middle shows current and recent prices.

 

The red and green bars on the right show time of session normalized trader commitment over 6 time frames.

 

The balance of trade is shown on the bottom left and price on the bottom right.

 

 

[darthtrader3.0beta 10]

Quite interesting stuff.

I totally agree with what you mentioned about time in the other thread.

For your smoothed midpoint price chart, what are you using to plot that? Volume?

What I'm trying to eventually get to is having something that is like a constant volume chart but more along the lines of a dynamic volume chart. I really haven't been able to figure out how to do that though.

[ramora 10]

Great screen. What is the "Balance of Trade" indicator? How is it better than simple RSI?

Thank you,

[UrmaBlume 10]

Thank You, I am glad you like our HUD. We find it very useful.

 

We favor indicators that measure buying and selling strengths as opposed to indicators calculated solely on the basis of price inputs.

 

The RSI indiator is just a smoothed ratio of price change over time.

 

The Balance of Trade indicator shows the balance, or more importantly, the imbalance between buying and selling in the current order flow.

 

RSI only measures past price changes. It is not past changes in price that motivate future prices, it is only a change in the balance of trade that will change the direction of price. An imbalance of buy orders usually preceedes a price move up and vice versa.

 

Thanks for your interest and your kind words.

 

cheers

[AgeKay 10]

Hey UrmaBlume, sorry for posting in all of your threads, but I find all of them very interesting. Please clarify the following for better understanding:

 

The Balance of Trade indicator shows the balance, or more importantly, the imbalance between buying and selling in the current order flow.

 

What does 'buying' and 'selling' in the current order flow mean in concrete terms (since the every trade represents a buy and sell)? When you talk about 'buying and selling', 'buying and selling strengths', 'buying and selling power', 'buying and selling surges', are you always talking about the same concept or does each of these terms mean something different?

 

What do you mean by order flow? Time & sales or the changes in the order book?

 

The reason I am asking is that many people use some of these terms but they may mean something completely different.

[Frank 10]

question on the specific situation in this Heads Up Display (HUD)... not for this particular situations importance -- just as an example of walking through a situation to understand how this HUD is organized...

 

Any comment on my comments??

 

[UrmaBlume 10]

Any comment on my comments??

 

While you have missed a couple of important steps, you are certainly closing in on the basic concepts.

 

Here again most of this work is based on Peter's early teachings and is, what I believe to be, another bit of technology evolved from market profile theory that better and more precisely expresses some vital bits of information than does any version of the profile graphic - N.B. Information = Equity.