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algotradewiz
Jun 4, 2021 3:55 PM

Order Flow Analysis 

Crude Oil FuturesMCX

Description

The script plots the order flow clusters for the last six candles in the middle right.
The cluster contains buy volume, sell volume and the price range of the volume.
It calculates uptick volume as buy volume and down tick volume as sell volume and calculates the delta(shown in labels). Recent ATR is considered to determine each cell price range in the cluster.
At the left side, the top volume ticks and the live ticks are displayed.
Please note this works only during market trading hours.
Do not refresh the browser tab and do not change the timeframe, which will cause ​a reset of numbers.

Release Notes

Delta divergences are shown in labels with yellow color. Labels are present at 0 price.Please scroll and zoom to get the delta labels.
Minor enhancements and bug fixes.

Release Notes

Minor enhancements.

Release Notes

converted to V5
The delta bars now overlay on the chart ( can also be separated into new pane below)
Delta bars size, font size, color and number of required bars can be changed
minor improvements and fixes
Delta labels will be aligned automatically below day's low with an offset that can be changed.
Comments
shahnawazmajid70
The script plots the order flow clusters for the last six candles in the middle right- this was not showing.
there was no Delta data.
how to use it it is not clear.
when to buy and when to sell.
algotradewiz
@shahnawazmajid70, The data displayed in tables is order flow, buy volume(green) and sell volume(red) and price at which the volume is traded. Please zoom in the price scale, you can see labels at 0 price point which will give delta. pls refer any order flow books/videos on how to use order flow.
constantine_trading
@shahnawazmajid70, Maybe you have to learn orderflow to understand the plotting... This is not a simple Buy here / Sell there indicator. It depends on context and shall give you hindsights ;)
algotradewiz
@constantine_trading, Thanks for the feedback. Sure i will add font size..in the next update.
bichloanlx
@constantine_trading, Rất mong đuợc bạn chỉ dạy quy trình đặt hàng, xin cảm ơn
thomsonraja
@shahnawazmajid70, Non of the Indicators in TV says you should Buy and Sell with my indicator... Its your wrong assumption.... They have clearly mentioned its for Educational purpose for backtest and give feedback..... if u truly believe in indicators the you should learn Trading first and then invest.... bro
ShahZak
Hi dev, is the timeframe fixed on 1 min?
will the chart works well on 5,10, 15 min?
Can change the time of the analysis so as to coincide with my current chart?
where do get the data feed?
does it work on crypto markets?
algotradewiz
@consistenttrading67775, yes it works on other timeframes also..not sure about crypto.
NuwenPham
I really like this indicator. Boy I wish it was open source so I could tweak it myself. I have a couple of requests. 1) would really enjoy a 'dark mode' version. 2) on the tables in the lower right hand side (TRHS) I understand the columns to be S_V sell volume B_V buy volume and the hr:min of the bar; However, I don't understand the rows. Regarding the rows? What do they represent? Why do you display rows with only zeros? what units are the numbers in each row? What are numbers in grey supposed to mean? What is the significance of the rows on the top, middle, bottom?
shahnawazmajid70
not much helpful
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