Thanks for the welcome, Nicolas! For my trading, I try to keep things as simple as possible – basically just volume/tick charts with a VAP histogram, on multiple (trading) time frames. I watch to see how price interacts with volume, and how it responds to S/R, and I also look at order flow on the DOM. The breakthrough for me came with the realization that trading needs to be approached as a skill to be learned, rather than as a problem with a solution. For me at least, indicators just provide a little more context and insight but they’re most useful as a point of reference, rather than something to lean on. I might throw on a simple MA and keep an eye on MFI or stochastics, but I’ve never found much benefit in overcomplicating things.
I’ve also been looking at the relationship between price, VWAP, the VWAP SD bands, and (peak) Volume at Price levels, sort of framing price action against a background of (statistical) volume distribution. Maybe it’s not too difficult to add a MVWAP to PRT? There’s also the MIDAS concept (anchoring VWAP to swing highs/lows) that might be interesting to look at later on.
I’d also like to see a trade-at-price histogram, much like VAP, which might be a useful way to have some insight into where commercial interest is positioned. I can post the requests in the appropriate place, of course.
Spread trading is another area of interest (calendars, crack spread). PRT is a bit lacking in that respect compared to some other platforms. I’d like the ability to add more than two legs in a synthetic spread (charting only), for example. Spreads trend really, really well and that’s one place where indicators shine, in my experience.
As well, I’d like to implement some ideas of my own for displaying the data in a new method of charting, I’ll probably have to ask for a quote on that as it could be a little bit more involved. I have high hopes for this, but if it works the way I imagine maybe we can all benefit from it. Or, it may be useless, who knows? 🙂
.
.
