I day trade futures using SmartRenko bricks combined with momentum and order flow indicators to define my setups and identify my edge.
I’m specifically looking for an indicator that can augment my current NT8 trading set up by informing me when there is or has been significant activity in the market. This is based on the assumption that significant activity indicates participation by the larger players who are either able to move the markets to new levels (either up or down) or have been involved in distribution or accumulation.
I found an indicator called the Arps Tick Speed Rectangle: [URL]https://janarps.com/product/arps-tick-speed-rectangles/[/URL] and am communicating with its creator to try to determine if this would address my needs as there is very little information on it on their site but their work is mostly geared towards the TradeStation platform and this would need to be converted to NT8 for me to use it..
As a discretionary retail trader I lack the kind of information that’s available to computing power houses, yet proper use of volume and tick data could probably go a long way to informing who’s participating where and in which direction if I could find the right way to view and interpret the data.
I’m open to hearing your experience and any suggestions you may have on the subject. Not sure where to go forward from here. Open to all and any suggestions.
Many thanks,
Nolyn
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