From a help-desk ticket with a trial user:
1. what they are, 2. different variations of each indicators, 3. their purpose and how to use them - maybe you can elaborate the attached diagram below. I have colored and marked them with letters in blue.
I have tested your product a few years back and must admit, its in a crazy powerful form as is even for manual trading. Keep up the great work.
A & E) This is part of Range Expansion. This study measures micro-ranges and also plots an 'RE' when price moves beyond average micro-range.
You will frequently see a market turn on a leg past RE - so this is a good place to consider deploying a bot such as 'Order Flow with Pivot'.
Also, if there are 3,4,5, REs in a row...this means that price is really stretched - so this is a good place to consider deploying a bot such as 'Order Flow with Pivot'.
B) This is is the length of the leg in ticks and is plotted by the out-of-the-box Sierra Chart Zig-Zag study.
One thing that I look for is the length of excursions in order to see how price is responding to order flow . If price is responding to order flow, I am more inclined to deploy a bot. More info available in this video:
C) This is from Tape Meter. The large yellow dot is a > 2 Standard Deviation move in the Up/Down Tick ratio for this time of day for this bar size. It can be an important tell of conclusionary order flow, or new order flow.
D) This is from Tape Meter. The large yellow dot is a > 1 Standard Deviation move in the Up/Down Tick ratio for this time of day for this bar size. It can be an important tell of conclusionary order flow, or new order flow. What you see time and time again is a small hammer bar at the end of a move with the yellow dot and then reversing order flow turn price enough for a quick trade....so this is also a tell that you can consider deploying a bot. You can also configure a bot to hunt this out and use the SceetoBot Dashboard to help you find a bunch of examples.
F) These white bordered bars are super important. They indicate a Sweep that engulfed a bunch of transactions across the order book. There is a bot signal for this. This signal can be used without a pivot in price or a mandatory pivot in price. It is part of the Order Flow with Pivot bot. This is my primary bot. If you have dog and you consider your dog to be your best friend...well, this may come in as a close second.
Please keep the questions coming.
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