Courses Infomation
Indicatorwarehouse – Geiger Counter
Indicatorwarehouse – Geiger Counter
Know when it is safe to enter market area and when it is necessary to seek refuge from the “Heat”.
Any chart may be readily enhanced with Buying and Selling Pressure analysis, Time and Sales data, and the Geiger Counter.
With the help of this indicator, you can rapidly read the tape by seeing the Pace of the Tape and Order Flow Analytics in an understandable Tape Speed Monitor style.
To identify reversal sites, use the rate intensity histogram of the Geiger Counter.
A significant block of sharp spikes indicates that either buyers or sellers have hit their stops or have reduced their positions.
-A running moving average of the buyers vs. sellers is displayed by the white line on the histogram and needle.
The control of the market is shown by a rise or fall that crosses zero or by values above or below zero.
The Geiger Counter gauge also serves as a real-time indication of changes in the order flow.
The Geiger counter has certain advantages.
with a rise in trading rate or intensity, identify probable reversal points.
Identify if the sellers or the buyers are in control and whether power is moving.
Determine the order flow shift to determine when to enter or quit your positions.
The tool’s horizontal display compiles sales and bid/ask time information. This is the net computation and trades at the ask or bid price. Moving averages help identify patterns more quickly.
The net calculation shows the pressure flowing in the opposite direction from where it was, which makes it particularly helpful when looking for an uphill or downhill slope. For instance, the pressure between the bid and the ask varies consistently among samples.
Finally, the amount of time between each deal coming in determines how quickly this display scrolls to the left. This clearly illustrates how busy the market is right now.
Inside bid and ask numbers are referenced on the circular gauge display.
A weighted analysis of each individual indicator alone serves as the trend indication component. Finding short-term patterns is useful. The Geiger Counter, for instance, is excellent at spotting trend shift before a reversal shown by the bars on a Mean Renko chart.
Significant Design Remarks:
1. Data streams that give bid/ask data are the only sources for Geiger Counter to function.
This usually refers to Futures, Stocks/Equities, FX Futures, and a little amount of Spot Forex.
Consult your data supplier to confirm.
2. If you fast-forward when using NinjaTrader’s Market Replay with the Geiger Counter, it will get out of sync. Time samples must be taken using a genuine clock due to the trading tool’s extreme precision and accuracy.
Salepage : Indicatorwarehouse – Geiger Counter
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