FMIND order flow indicator for NinjaTrader
FMind5 order flow indicator for NinjaTrader 7 is most accurate professional technical analysis indicator for long term trading and intraday futures scalping trades. Order flow hidden volume analysis based on footprints of single, large block trades can not only detect hidden liquidity (icebergs) market orders, but also able to calculate remaining orders after a single trade was executed. Liquidity providing and liquidity taking (hunting) algos have different tasks. First one task is to provide liquidity to the market and second one is hunting, searching and spying for it. So, liquidity taking algos sees these remaining orders left after iceberg order was executed and tries to grab it, because they are programmed to do so. Volume and liquidity is the food for algorithmic HFT trading.
By knowing, where the price can be moved in nearest future, every trader can build his own trading strategy based on FMIND5 order flow indicator. The settings can be adjusted for the different style of trading like day trading, scalping or long term investing. The FMIND settings: ICEBERG volume levels, DOM shif levels, MARKET orders volume.
When a single large order is executing and it moves through DOM levels without any resistance FMIND order flow indicator names it DOM shift level. Why price can move so easy? A large single individual market order absorbs all small orders on its way. Because of liquidity gaps. It is easier to move price where is the less liquidity, less volume. FMIND order flow trading software shows it.
FMIND large market order is the single individual market order of the single trade participant. Small market orders are executed with little or no effect on prices. However, big market orders are difficult to execute than small ones as they run through the order book until they are completely filled. A large market order transact against multiple limit orders at multiple prices if the volume of the best price is smaller.
FMIND5 order flow software - hidden liquidity - iceberg orders, single, large individual market participant trades, which ones is detected after trade was executed. A trader submitting an iceberg order specifies a price, a total order size, and a peak (size) which is smaller than the total size. Initially only the peak is displayed in the order book and the rest of the order remains hidden.