OFT7 User Guide
OFT7 User Guide
User Guide
Orderflows Trader 7 is the most advanced order flow analysis software on the market, the first trading
software that allows a trader to automate order flow if they wish.
There are 32 pre-programmed indicators that are plottable (readable by 3rd party add-on software like
Markers from The Indicator Store). Additionally, there are draw functions and filters to apply market structure
to the order flow.
Use the order flow indicators in conjunction with market structure and common sense. These are the tools I
use in my own trading and that is why they are in the software – so that you can also have access to the most
advanced trading tools on the market.
The default settings for Orderflows Trader are set for most liquid markets such as ES, MES, CL, 6E, UB, ZB, FGBL.
If you are trading other markets, you will want to make some minor adjustments in the settings as you see fit
based on your trading style, risk tolerance and trading plan.
While there are a lot of indicators to use, you will not enable all of them at the same time. Each market has
nuances resulting from the volume, volatility, and market participants.
Just as you wouldn’t add all the default indicators available in NinjaTrader on the same chart, the same goes
for Orderflows Trader. It is not a case of more is better. Think in terms of quality over quantity and what I mean
is only put indicators on the chart you get value from in your trading. Often times traders think “I have all these
indicators, so I am going to use them all.” The problem with that is they are taking a shotgun approach to
trading. Understand your market and which parts of order flow really have an impact in them.
For example, while Thin Prints is powerful in very liquid markets like ES, using Thin prints in a thinly traded
market like NQ will give a lot of signals simply because there is less volume being traded at price.
All the tools and indicators from the previous version of Orderflows Trader 5 are included in Orderflows Trader 6.
Plus we have added a new plottable indicator, enhanced 5 of the existing indicators, and added 3 new Delta
markings.
There are 32 indicators in the latest version of Orderflows Trader, and several new features that make reading the
order flow and understanding what is happening in the market much easier.
If you are an existing Orderflows Trader software user, please remove the previous version of Orderflows Trader
from NinjaTrader, then install the new version of Orderflows Trader, and then shut down NinjaTrader and restart it.
I highly recommend you create a new chart from scratch and then load OFT 7 onto it using the default setting.
Do not use your existing chart and template. You will need to create a new chart and template with OFT 7 because
with the new features if you are running OFT 7 on a OFT 6 template there will be issues.
Please note, if you have a lot of tabs with charts open, when you start NinjaTrader it needs to pull the data for all
your different charts during that time and the initial startup will be slowed down. For example, if you have 20 tabs
of charts in your workspace. But once the charts are all loaded, the software will run normally.
Orderflows Trader 7 has 32 order flow-based indicators that can be plotted.
Existing indicators New indicators
Prominent POC Accumulation/Distribution
Orderflows Tails Open POC
Delta Divergence Aligned POCs
Exhaustion Prints Orderflows Gaps
Imbalance Reversal Imbalance Reload
Market Sweep Volume Decline
Market Weakness POC Wave
Orderflows Sequencing Delta Tail
POC Slingshot Resting Liquidity
Zero Print Vertical Liquidity
Value Area Delta Breakout
Engulfing Value Area Retail Suck
Inverse Volume Imbalance Price Action Divergence
Stacked Imbalance
Thin Prints
Orderflows Ratio Px Exhaustion
Orderflows Ratio Px Defense
Multiple Imbalances
Unfinished Business
Orderflows Trader 7 has 3 Delta analysis tool. These three tools are to enhance your visual analysis and are not
plottable.
These indicators were developed to help traders understand the strength of aggressive trading taking place in
the market. Delta is the difference between aggressive buyers and aggressive sellers in a bar so any clue to
determine when one side is either very strong or very weak will help a trader understand market current
conditions.
Additionally, Orderflows Trader 7 also has a Volume Profile that can be added to your chart.
Orderflows Trader is not just an order flow footprint chart. Think of it as a Swiss-Army knife of order flow
analysis. You now have the ability to choose which pieces of order flow you want to highlight on your chart.
Every market trades different and as a result, different parts of the order flow carry more weight.
For example, while the ES trades the most volume, you can use most of the tools in Orderflows Trader.
However, if you are trading a smaller market like HG (Copper) you will probably not use some of the analysis
that you would on ES because the volume is smaller.
That is the beauty of Orderflows Trader, the ability to apply the pieces of order flow that are most relevant to
you and to the market you are trading. You can focus on what matters most to you as a trader.
Orderflows Trader 7 – Swing Filter
One of the BIG changes we made to Orderflows Trader 7 is the ability to filter order flow signals at swing highs
and swing lows. This gives traders the ability to better take advantage of reversals and failed break-outs.
There is a global swing filter setting for the tools that have the Enable Swing Filter setting:
There are two indicators, Open POC and Prominent POC that have their own Swing Filter unique to that tool
because they are POC related.
Aligned POC, Value Area and Engulfing Value Are do not have a Swing Filter option.
Orderflows Trader 7 – Swing Filter off.
When the Swing Filter is not used with an indicator, anytime the indicator signals bullish or bearish order flow
it will show on your chart.
When the Swing Filter is enabled and used with an indicator, only bullish or bearish order flow signals that
appear at a swing high/low will show.
Orderflows Trader 7 – Swing Filter off.
Orderflows Trader 7 – Swing Filter on.
Orderflows Trader 7 – Draw Mode
Most indicators in Orderflows Trader has a DRAW mode ability to allow you to draw a zone out from the bar
until it is retested by the market or a fixed amount of bars.
This is extremely useful for identifying support and resistance based off certain indicators as Stacked
Imbalances, Prominent POCs, Orderflows Sequencing and Market Weakness.
It can also be used for identifying areas of weak order flow that the market needs to repair such as
Buying/Selling Tails and Value Areas.
Orderflows Trader 7 – Zones Example Bearish Prominent POC acting as resistance
Since the beginning of Orderflows.com and Orderflows Trader we have sought ways to make analyzing and
trading order flow easier for traders. We have released many tools and indicators, many of which have been
copied by other “gurus” and vendors and they have come up with ridiculous names for them like the “Order
Flow Exhaustion Algo.” The problem is since they are just copy cats, they don’t understand the reason behind
the tool or indicator and they are missing pieces of it and applying it incorrectly. As the originator and source
of many order flow tools/indicators you can rest assured you are getting the best information on how to use it
as well as comfort in knowing the programming behind it is correct.
We are pleased to announce that we have taken a GIANT step forward in the order flow automation process by
plotting what I consider to be the most important parts of order flow analysis which are the 32 pre-
programmed tools/indicators in the Orderflows Trader footprint chart.
Now you can put together YOUR own order flow chart based on what you want to analyze in the order flow.
For instance, if you only want to take trades when there is an Orderflows Ratio and an Exhaustion Print, you
can set up your chart to only highlight when that occurs.
Or, maybe you just want to take trades that have a Prominent POC and Orderflows Sequencing and Thin Prints
in the bar, you can set up to show only when that occurs.
It gives you a lot of freedom and not fixing you to a predetermined way of trading order flow.
Strong Delta/Volume
Bullish Delta Divergence
Orderflows Trader 7 – System requirements.
When there are a lot of charts open it will slow down the initial startup as there is a lot of data to be pulled in.
On the more powerful computers the Orderflows Trader does run faster as expected, but it will run on older
machines with smaller processors. But let me just say this, if you are trading with real money and you are
running on an older PC with a slower processor you should really upgrade to something more modern because
there is money involved. Just as if you are a mechanic, you want to have the best tools you can afford, not a set
of tools bought at Dollar Tree or Walmart.
How much data to load? Generally speaking, I think 5 days is
about the MAXIMUM data you really need to load. More
realistically 1 or 3 days is better for most charts.
If tick replay is not enabled, the data will only start to plot from the time you open a chart and if you change a
chart you will lose the data you have accumulated up to that point and your new chart will start as a blank
chart.
With tick replay enabled you will be able to see previous data on your chart.
Orderflows Trader requires tick replay to analyze past market activity.
Make sure you have tick replay enabled. When you open a chart, there needs to be a check in the box next to
Tick Replay. If this box is not checked, Orderflows Trader won’t plot on your chart.
Orderflows Trader requires tick replay to analyze past market activity.
If you don’t have the option to enable Tick Replay, like in the picture below, you will need to set it up in the
NinjaTrader Control Panel.
If you don’t have Tick Replay as an option then you need to enable Tick Replay in the Tools section of the
NinjaTrader Control Panel.
Orderflows Trader requires tick replay to analyze past market activity.
From the NinjaTrader Control Panel, click on Tools and select Options at the bottom.
Orderflows Trader requires tick replay to analyze past market activity.
From the NinjaTrader Control Panel, click on Tools and select Options at the bottom.
Orderflows Trader requires tick replay to analyze past market activity.
Click on Market data, then click the empty box to the right of Show Tick Replay to put a check in it. Finally, click
apply.
Then reopen the data series of the chart and you will now have the option to enable Tick Replay.
Put a check in the box to the right of Tick Replay and finally click Apply.
Click Apply.
Chart background. NinjaTrader’s default chart color is black. I don’t like to use a black background chart.
Reading order flow is like reading a book. Books are not printed on black paper, they are printed on white
paper with black text. It makes sense to have a white background chart with black numbers. Plus with the
coloring of activities taking place in the order flow it is much easier to read the chart.
To change the background color is easy. Please follow these steps on the next pages.
How to change the chart background from black to white.
1. Open a new chart and add Orderflows Trader to it.
How to change the chart background from black to white.
2. Right click on the chart so that you can open the Properties. Or press Ctrl+T
How to change the chart background from black to white.
3. Scroll down to Colors
How to change the chart background from black to white.
4. Change Chart Background to White
How to change the chart background from black to white.
5. Change Text to Black. Default is Slate Grey and that is difficult to read on a White Chart.
How to change the chart background from black to white.
6. I prefer the time and price axis to display bigger, so I change the Font to 18px.
How to change the chart background from black to white.
7. I like to show the date
and time in the upper left
corner, so enable Show
date range.
The default settings are your starting point for any market you trade.
You should only put tools on your chart that will help your analysis.
Even though there are 32 indicators available in Orderflows Trader, it does not mean you have to add all 32 at
the same time on your chart. You will confuse yourself. Focus on the analysis that helps you understand what
the market is doing and can do.
Orderflows Trader 7 – Properties Settings – License token.
This is where you copy + paste your License token that was sent to you via email.
After entering your License token, make sure you click Apply on the bottom corner of the Properties Box for it
to register on the license server.
If you don’t enter your license token, the software will not work.
Orderflows Trader 7– Properties Settings – Global Settings.
Fast Historical Data Processing – Default is enabled. This helps process the footprint data quicker.
Signal Spacing in Ticks – How much space between signals. 1 is fine. You don’t want to set it too wide that the
signals appear off your screen.
Value Area Percent – 70% is the default for defining the Value Area.
Minimal Imbalance Volume – 10 is the default. This is the minimal amount of volume required for an
imbalance to trigger. In thin-volume markets, imbalances of 1 vs. 5 or 0 vs. 4 appear regularly and are not very
practical for analysis.
Imbalance Trigger in Percent – Default is 400, which is 400% or 4 to 1. This setting affects all the indicators that
are related to imbalance such as Imbalance Reversals, Inverse Imbalance, Stacked Imbalances and Multiple
Imbalances.
Swing Period – Default is 5. This setting determines the swing period when looking for highs and lows.
Orderflows Trader 7 – Properties Settings – Accumulation/Distribution.
Analyzes the order flow in a bar to determine if there is Accumulation (Bullish) or Distribution (Bearish) order
flow being traded in a bar.
There is an extra filter called “Passive Traders In Control” that finds instances when strong bidders (bullish) or
offers (bearish) are present in the Accumulation or Distribution that is taking place.
Default is disabled.
Orderflows Trader 7 – Properties Settings – Aligned POC.
When two consecutive POCs (Point of Controls) appear at the same level over two consecutive bars. This
nuance can act as near term support or resistance.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Buying/Selling Tail.
When a Buying Tail appears, it represents a lack of passive selling on a move down. Bullish.
When a Selling Tail appears, it represents a lack of passive buying on a move up. Bearish.
Can filter for Tails that appear in Engulfing Value Areas, when they occur on bars that have a higher high/lower
low than the previous bar, and can filter for when they appear in swing highs/lows.
Default is disabled.
Orderflows Trader 7 – Properties Settings – Delta Breakout.
When there is an increase in delta, either positive (bullish) or negative (bearish), that will cause a delta
breakout.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Delta Divergence
Occurs when the market makes a new or equal high on negative delta or makes a new or equal low on positive
delta.
We have added the Swing Filter to show Delta Divergences at Swing Highs/Lows.
I first wrote about Delta Tails in my Delta Trading Course. A bullish Delta Tail occurs when there is a green up
candle with negative delta at the bottom bid side of the bar and the rest of the price levels in the bar, on the
way up is positive delta. What is happening is passive buyers were absorbing the aggressive selling at the low
of the bar, then aggressive buyers stepped in and dominated every price on the way back up, overwhelming
the aggressive sellers. For a bearish Delta Tail the opposite is true, in a red down candle, the top offer side of
the bar has positive delta at that price level and all the remaining price levels on the way down have negative
delta.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Exhaustion Prints
Measures market exhaustion seen in the edge of bars. In the original version of OFT this was named Small Digit
Prints.
Useful for reversal trades as well as keeping you in a winning trade longer.
Bearish Exhaustion Prints appear on the top offer price field on red down candles
Bullish Exhaustion Prints appear on the bottom bid price field on green up candles.
An Imbalance Reload occurs when you either have two buying imbalances at the same price level over 2
consecutive bars or two selling imbalances at the same price level over 2 consecutive bars.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Imbalance Reversal
Reads the order flow at the edges of bars for reversals in the order flow. A sign of potentially trapped traders.
A reversal indicator.
A bullish imbalance reversal will color in the bottom two bid prices in a green up candle.
A bearish imbalance reversal will color in the top two bid prices in a red down candle.
You can set a Minimal Imbalance Reversal Volume. Default is 10 contracts. Meaning there must be at least 10
contracts traded in an imbalance as part of the reversal.
Default is disabled.
Orderflows Trader 7 – Properties Settings – Inverse Volume Imbalance.
Inverse Imbalances are a sign of trapped traders who were looking for a breakout that never happened. It is
important to watch how the market reacts when the market returns to the trap level. Basically, an Inverse
Imbalance is the opposite of a Stacked Volume Imbalance. These are traders who are long and wrong or are
short at lows.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Market Sweep Detector.
Detects potential market sweep activity across several price levels. A market sweep occurs when a trader
trades through several price levels instantly. They life several consecutive offers or hit several consecutive bids
at once.
Be aware if using in thinly traded markets, the lack of volume traded may look like Sweep activity, but is more
likely just due to lack of volume. This applies to markets like NQ, MNQ, RTY, YM, FDAX.
By default this indicator is disabled. To enable it, simply click on the box to the right of Enable Market Sweep.
Orderflows Trader 7 – Properties Settings – Market Weakness Detector
Signals when order flow is exhibiting weaking on a move up (bearish sign) or weaking on a move down (bullish
sign). Buying Market Weakness means that while the market is moving lower, the selling taking place is getting
weaker which often signals a rebound in price as sellers are not as strong as before. Selling Weakness means
that while the market is moving higher, the buying taking place is getting weaker on the way up which often
signals a drop in price.
Reversal signal.
Default is disabled.
Orderflows Trader 7 – Properties Settings – Open POC.
An Open POC is a POC that is higher or lower than the previous bar’s high or low. A bullish Open POC occurs
when the current POC is higher than the previous bar(s) high. A bearish Open POC occurs when the current
POC is lower than the previous bar(s) low.
Default is disabled.
The Open POC has its own Swing Filter, called Look Back Bars, that will compare the current bar’s POC to the
X(user defined) amount of previous bars highs/lows.
Orderflows Trader 7 – Properties Settings – Orderflows Gaps.
An Orderflows Gaps occurs when there is a shift in value taking place in the order flow and the market is
starting to pick up momentum.
Default is disabled.
Highlights aggressive traders getting past larger and larger bids or offers in the order book. Helps see where
there are strong buying or selling taking place as the market is trading through resting stacked liquidity.
Important to see where previous resting stacked liquidity was when coming back to that level.
Default is disabled.
Measures Price Exhaustion (a ratio of 30 and above) or Price Defense (a ratio of 0.69 to 0) in the order flow.
The lowest a ratio can be is 0, it will never be negative.
You can now a zone, either fixed or until tested from the ratio. The ratio zone will draw out from below the low
with a green bar or above the high with a red bar. Also now you can set the ratio colors. I prefer Blue for bullish
ratios and Red for bearish ratios.
Can filter for Orderflows Ratios that occur only at Swing Highs/Lows.
Default is enabled.
Orderflows Trader 7 – Properties Settings – Price Action Divergence.
Price Action Divergence occurs when a bar’s delta diverges from its price action. Normally, green up candles
have positive delta and red down candles have negative delta. In Bullish Price Action Divergence, there is a
green up candle with negative delta which is a sign of demand in the market. In Bearish Price Action
Divergence there is a red down candle with positive delta, which is a sign of supply in the market.
Default is disabled.
Can filter for Price Action Divergence that occurs at Swing Highs/Lows.
Orderflows Trader 7 – Properties Settings - POC Slingshot
Once in a while, a bar will have both a Prominent POC and a POC Slingshot. The POC Slingshot will take
precedence over the Prominent POC.
Default is disabled.
Orderflows Trader 7 – Properties Settings – POC Wave.
A POC Wave is a three-bar POC setup. A Bullish POC Wave occurs when there is a red-down candle, followed
by a green-up candle with a lower POC than the red-down candle, then followed by another green-up candle
with a POC higher than the POC level of the red-down candle. A Bearish POC Wave occurs when there is a
green-up candle, followed by a red-down candle with a POC higher than the green-up candle, then followed by
another red-down candle with a POC lower than the POC level in the green-up candle.
Default is disabled.
You can set 3 Prominent POCs to look for. Level 1, Level 2 and
Level 3.
The default is set to out zones from the Prominent POC which
is useful to define support and resistance levels.
When Look Back Bars is set to 0, OFT will look for Prominent
POCs anywhere in the market structure.
Orderflows Trader 7 – Properties Settings – Resting Liquidity.
Resting Liquidity is big, strong passive bids and offers in the market that trade which can often act as support
or resistance.
Default is disabled.
A Retail Suck occurs when there is heavy volume on the bottom bid side of the bar that decreases on the way
up or heavy volume on the top offer side that decreases on the way down. A sign of absorption as traders are
being “sucked” in by strong passive traders.
Default is disabled.
A Stacked Imbalance is when there are 3 (you can adjust it) or more imbalances stacked on top of each other
in a bar.
A Bullish Stacked Imbalance (Stacked Buying Imbalance) occurs when there are 3 or more buying imbalances in
a green up candle.
A Bearish Stacked Imbalance (Stacked Selling Imbalance) occurs when there are 3 or more selling imbalances
in a red down candle.
The Stacked Imbalance zones can be drawn out a fixed number of bars or until the market restest the level.
Default is enabled.
Orderflows Trader 7 – Properties Settings – Thin Prints.
Thin Prints in a bar is a sign of momentum. What is happening is there is very little counter trade in the two-
way auction. Similar to a Market Sweep, the difference being a bar can exhibit several thin prints spread out in
a bar, while a Market Sweep is looking for activity over a consecutive range.
Thin Prints is meant for most markets. However, if you are trading a market with thin volume you will see a lot
of Thin Prints simply because there is little volume trading.
You can filter for bars with Thin Prints at Swing Highs/Lows
Thin Prints is disabled by default. To enable Thin Prints, simple check the box to the right of Enable Thin Prints.
Orderflows Trader 7 – Properties Settings – Value Area.
Highlight the Value Area of a bar. In the previous version of Orderflows Trader the Value Area was Gray. Now, if
the candle is a green up candle, the Value Area is colored Green and if the candle is a down red candle, the
Value Area is colored Red. This gives the trader a much clearer visual of the direction of value.
Doji candles, bars that open and close at the same price are still colored gray as they are a sign of market
indecision and can give you a clue as to when the market is pausing.
Default is enabled.
Orderflows Trader 7 – Properties Settings – Engulfing Value Area (EVA).
Engulfing Value Area (EVA as we refer to it) is when the current Value Area engulfs the previous bar’s Value
Area.
A Bullish Engulfing Value Area occurs when the Value Area of a green up candle engulfs the Value Area of the
previous bar. The Bullish Engulfing Value Area is colored Blue to stand out over the normal Value Area.
A Bearish Engulfing Value Area occurs when the Value Area of a red down candle is engulfs the Value Area of
the previous bar. The Bearish Engulfing Value Area is colored a darker shade of Red to stand out over the
normal Value Area.
Default is enabled.
Orderflows Trader 7 – Properties Settings – Vertical Liquidity.
Vertical Liquidity occurs when there is heavier than normal volume being traded on the bid or offer over
consecutive levels.
Default is disabled.
Volume Decline occurs when volume being sold into the bid declines of bought from the offer declines.
Bullish Volume Decline occurs in green-up candles when the volume being sold into the bottom bid side of the
bar decline from the 3rd price level to the 2nd price level to the 1st price level. Aggressive sellers are getting
weaker in pushing the market lower.
Bearish Volume Decline occurs in red-down candles when the volume being bought from the offer side
declines from the 3rd price level to the 2nd price level to the 1st price level. Aggressive buyers are getting
weaker in pushing the market higher.
Default is disabled.
You can also adjust the font and size of the font by
clicking the sideways arrow to expand the selection.
A Buying Zero Print will appear on the bottom bid side of a bar.
A Selling Zero Print will appear on the top offer side of a bar.
Default is disabled.
Orderflows Trader 7 – Properties Settings - Unfinished Business
By default this setting is disabled. If you want to enable it, you must click on the box to the right of Detect
Unfinished Business.
Do not override chart colors. You do not need to change this setting. Leave it unchecked.
Orderflows Trader 7 – Properties Settings - Summary Content.
Let's you set up the bar data you want to see at the bottom of
the chart.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the colors.
Orderflows Trader 7 – Properties Settings - Summary Content.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the colors.
Orderflows Trader 7 – Properties Settings - Summary Content.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the color.
Orderflows Trader 7 – Properties Settings – Volume Profile.
Display the day’s volume profile. By default this is disabled. If you want to enable the volume profile, check the
box to the right of Display Volume Profile. You can also choose to display the profile on the right or left of the
chart.
Orderflows Trader 7 – Properties Settings – Data Series, Setup, Visual - DO NOT ADJUST!
A big new addition is the Swing Period. Now when analyzing the order flow you can put it in context of market
structure. By identifying order flow behavior at swing highs/lows you can really take advantage of reversals in
the market.
This is a global setting. So, except for the tools that have their own Swing Period setting in the tool, for
example: Open POC, when you enable the Swing Period on several tools they will have the same Swing Period.
The reason this is a global setting is because traders need to be consistent in their analysis.
Swing Period – Default is 5. This setting determines the swing period when looking for highs and lows.
Orderflows Trader 7 – Properties Settings – Accumulation/Distribution.
Analyzes the order flow in a bar to determine if there is Accumulation (Bullish) or Distribution (Bearish) order
flow being traded in a bar.
There is an extra filter called “Passive Traders In Control” that finds instances when strong bidders (bullish) or
offers (bearish) are present in the Accumulation or Distribution that is taking place.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Accumulation.
Orderflows Trader 7 – Chart Examples. – Bearish Distribution
Orderflows Trader 7 – Properties Settings – Aligned POC.
When two consecutive POCs (Point of Controls) appear at the same level over two consecutive bars. This
nuance can act as near term support or resistance.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Aligned POC.
Orderflows Trader 7 – Chart Examples – Bearish Aligned POC.
Orderflows Trader 7 – Properties Settings - Buying/Selling Tail.
When a Buying Tail appears, it represents a lack of passive selling on a move down. Bullish.
When a Selling Tail appears, it represents a lack of passive buying on a move up. Bearish.
Can filter for Tails that appear in Engulfing Value Areas, when they occur on bars that have a higher high/lower
low than the previous bar, and can filter for when they appear in swing highs/lows.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Buying Tail.
Orderflows Trader 7 – Chart Examples – Bearish Selling Tail.
Orderflows Trader 7 – Properties Settings – Delta Breakout.
When there is an increase in delta, either positive (bullish) or negative (bearish), that will cause a delta
breakout.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Delta Breakout.
Orderflows Trader 7 – Chart Examples – Bearish Delta Breakout.
Orderflows Trader 7 – Properties Settings - Delta Divergence.
Occurs when the market makes a new or equal high on negative delta or makes a new or equal low on positive
delta.
We have added the Swing Filter to show Delta Divergences at Swing Highs/Lows.
I first wrote about Delta Tails in my Delta Trading Course. A bullish Delta Tail occurs when there is a green up
candle with negative delta at the bottom bid side of the bar and the rest of the price levels in the bar, on the
way up is positive delta. What is happening is passive buyers were absorbing the aggressive selling at the low
of the bar, then aggressive buyers stepped in and dominated every price on the way back up, overwhelming
the aggressive sellers. For a bearish Delta Tail the opposite is true, in a red down candle, the top offer side of
the bar has positive delta at that price level and all the remaining price levels on the way down have negative
delta.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Delta Tail.
Orderflows Trader 7 – Chart Examples – Bearish Delta Tail.
Orderflows Trader 7 – Properties Settings - Exhaustion Prints.
Measures market exhaustion seen in the edge of bars. In the original version of OFT this was named Small Digit
Prints.
Useful for reversal trades as well as keeping you in a winning trade longer.
Bearish Exhaustion Prints appear on the top offer price field on red down candles
Bullish Exhaustion Prints appear on the bottom bid price field on green up candles.
An Imbalance Reload occurs when you either have two buying imbalances at the same price level over 2
consecutive bars or two selling imbalances at the same price level over 2 consecutive bars.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Imbalance Reload.
Orderflows Trader 7 – Chart Examples – Bearish Imbalance Reload.
Orderflows Trader 7 – Properties Settings - Imbalance Reversal.
Reads the order flow at the edges of bars for reversals in the order flow. A sign of potentially trapped traders.
A reversal indicator.
A bullish imbalance reversal will color in the bottom two bid prices in a green up candle.
A bearish imbalance reversal will color in the top two bid prices in a red down candle.
You can set a Minimal Imbalance Reversal Volume. Default is 10 contracts. Meaning there must be at least 10
contracts traded in an imbalance as part of the reversal.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Imbalance Reversal.
Orderflows Trader 7 – Chart Examples – Bearish Imbalance Reversal.
Orderflows Trader 7 – Properties Settings – Inverse Volume Imbalance.
Inverse Imbalances are a sign of trapped traders who were looking for a breakout that never happened. It is
important to watch how the market reacts when the market returns to the trap level. Basically, an Inverse
Imbalance is the opposite of a Stacked Volume Imbalance. These are traders who are long and wrong or are
short at lows.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Inverse Volume Imbalance.
Orderflows Trader 7 – Chart Examples – Bearish Inverse Volume Imbalance.
Orderflows Trader 7 – Properties Settings - Market Sweep Detector.
Detects potential market sweep activity across several price levels. A market sweep occurs when a trader
trades through several price levels instantly. They life several consecutive offers or hit several consecutive bids
at once.
Be aware if using in thinly traded markets, the lack of volume traded may look like Sweep activity, but is more
likely just due to lack of volume. This applies to markets like NQ, MNQ, RTY, YM, FDAX.
By default this indicator is disabled. To enable it, simply click on the box to the right of Enable Market Sweep.
Orderflows Trader 7 – Chart Examples – Bullish Market Sweep Detector.
Orderflows Trader 7 – Chart Examples – Bearish Market Sweep Detector.
Orderflows Trader 7 – Properties Settings – Market Weakness Detector.
Signals when order flow is exhibiting weaking on a move up (bearish sign) or weaking on a move down (bullish
sign). Buying Market Weakness means that while the market is moving lower, the selling taking place is getting
weaker which often signals a rebound in price as sellers are not as strong as before. Selling Weakness means
that while the market is moving higher, the buying taking place is getting weaker on the way up which often
signals a drop in price.
Reversal signal.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Market Weakness Detector.
Orderflows Trader 7 – Chart Examples – Bearish Market Weakness Detector.
Orderflows Trader 7 – Properties Settings – Open POC.
An Open POC is a POC that is higher or lower than the previous bar’s high or low. A bullish Open POC occurs
when the current POC is higher than the previous bar(s) high. A bearish Open POC occurs when the current
POC is lower than the previous bar(s) low.
Default is disabled.
The Open POC has its own Swing Filter, called Look Back Bars, that will compare the current bar’s POC to the
X(user defined) amount of previous bars highs/lows.
Orderflows Trader 7 – Chart Examples – Bullish Open POC.
Orderflows Trader 7 – Chart Examples – Bearish Open POC.
Orderflows Trader 7 – Properties Settings – Orderflows Gaps.
An Orderflows Gaps occurs when there is a shift in value taking place in the order flow and the market is
starting to pick up momentum.
Default is disabled.
Highlights aggressive traders getting past larger and larger bids or offers in the order book. Helps you see when
there is strong buying or selling taking place as the market is trading through resting stacked liquidity.
Important to see where the previous resting stacked liquidity was when coming back to that level.
Default is disabled.
Measures Price Exhaustion (a ratio of 30 and above) or Price Defense (a ratio of 0.69 to 0) in the order flow.
The lowest a ratio can be is 0, it will never be negative.
You can draw a zone, either fixed or until tested from the ratio. The ratio zone will draw out from below the
low with a green bar or above the high with a red bar. Also, you can set the ratio colors. I prefer Blue for bullish
ratios and Red for bearish ratios. For ratios that don’t hold any importance, set them to transparent so they
don’t show on your chart.
Can filter for Orderflows Ratios that occur only at Swing Highs/Lows.
Default is enabled.
Orderflows Trader 7 – Chart Examples – Bullish Orderflows Ratios.
Orderflows Trader 7 – Chart Examples – Bearish Orderflows Ratios.
Orderflows Trader 7 – Properties Settings – Price Action Divergence.
Price Action Divergence occurs when a bar’s delta diverges from its price action. Normally, green up candles
have positive delta and red down candles have negative delta. In Bullish Price Action Divergence, there is a
green up candle with negative delta which is a sign of demand in the market. In Bearish Price Action
Divergence there is a red down candle with positive delta, which is a sign of supply in the market.
Default is disabled.
Can filter for Price Action Divergence that occurs at Swing Highs/Lows.
Orderflows Trader 7 – Chart Examples – Bullish Price Action Divergence.
Orderflows Trader 7 – Chart Examples – Bearish Price Action Divergence.
Orderflows Trader 7 – Properties Settings - POC Slingshot.
Once in a while, a bar will have both a Prominent POC and a POC Slingshot. The POC Slingshot will take
precedence over the Prominent POC.
Default is disabled.
Orderflows Trader 7 – Chart Examples. – Bullish POC Slingshot.
Orderflows Trader 7 – Chart Examples. – Bearish POC Slingshot.
Orderflows Trader 7 – Properties Settings – POC Wave.
A POC Wave is a three-bar POC setup. A Bullish POC Wave occurs when there is a red-down candle, followed
by a green-up candle with a lower POC than the red-down candle, then followed by another green-up candle
with a POC higher than the POC level of the red-down candle. A Bearish POC Wave occurs when there is a
green-up candle, followed by a red-down candle with a POC higher than the green-up candle, then followed by
another red-down candle with a POC lower than the POC level in the green-up candle.
Default is disabled.
You can set 3 Prominent POCs to look for. Level 1, Level 2 and
Level 3.
The default is set to out zones from the Prominent POC which
is useful to define support and resistance levels.
When Look Back Bars is set to 0, OFT will look for Prominent
POCs anywhere in the market structure.
Orderflows Trader 7 – Chart Examples. – Bullish Prominent POC.
Orderflows Trader 7 – Chart Examples. – Bearish Prominent POC.
Orderflows Trader 7 – Properties Settings – Resting Liquidity.
Resting Liquidity is big, strong passive bids and offers in the market that trade which can often act as support
or resistance.
Default is disabled.
A Retail Suck occurs when there is heavy volume on the bottom bid side of the bar that decreases on the way
up or heavy volume on the top offer side that decreases on the way down. A sign of absorption as traders are
being “sucked” in by strong passive traders.
Default is disabled.
A Stacked Imbalance is when there are 3 (you can adjust it) or more imbalances stacked on top of each other
in a bar.
A Bullish Stacked Imbalance (Stacked Buying Imbalance) occurs when there are 3 or more buying imbalances in
a green up candle.
A Bearish Stacked Imbalance (Stacked Selling Imbalance) occurs when there are 3 or more selling imbalances
in a red down candle.
The Stacked Imbalance zones can be drawn out a fixed number of bars or until the market restest the level.
Default is enabled.
Orderflows Trader 7 – Chart Examples – Bullish Stacked Imbalance.
Orderflows Trader 7 – Chart Examples – Bearish Stacked Imbalance.
Orderflows Trader 7 – Properties Settings – Thin Prints.
Thin Prints in a bar is a sign of momentum. What is happening is there is very little counter trade in the two-
way auction. Similar to a Market Sweep, the difference being a bar can exhibit several thin prints spread out in
a bar, while a Market Sweep is looking for activity over a consecutive range.
Thin Prints is meant for most markets. However, if you are trading a market with thin volume you will see a lot
of Thin Prints simply because there is little volume trading.
You can filter for bars with Thin Prints at Swing Highs/Lows
Thin Prints is disabled by default. To enable Thin Prints, simple check the box to the right of Enable Thin Prints.
Orderflows Trader 7 – Chart Examples – Bullish Thin Print.
Orderflows Trader 7 – Chart Examples – Bearish Thin Prints.
Orderflows Trader 7 – Properties Settings – Value Area.
Highlight the Value Area of a bar. In the previous version of Orderflows Trader the Value Area was Gray. Now, if
the candle is a green up candle, the Value Area is colored Green and if the candle is a down red candle, the
Value Area is colored Red. This gives the trader a much clearer visual of the direction of value.
Doji candles, bars that open and close at the same price are still colored gray as they are a sign of market
indecision and can give you a clue as to when the market is pausing.
Default is enabled.
Orderflows Trader 7 – Chart Examples – Bullish Value Areas are shaded green..
Orderflows Trader 7 – Chart Examples – Bearish Value Areas are shaded red.
Orderflows Trader 7 – Properties Settings – Engulfing Value Area (EVA).
Engulfing Value Area (EVA as we refer to it) is when the current Value Area engulfs the previous bar’s Value
Area.
A Bullish Engulfing Value Area occurs when the Value Area of a green up candle engulfs the Value Area of the
previous bar. The Bullish Engulfing Value Area is colored Blue to stand out over the normal Value Area.
A Bearish Engulfing Value Area occurs when the Value Area of a red down candle is engulfs the Value Area of
the previous bar. The Bearish Engulfing Value Area is colored a darker shade of Red to stand out over the
normal Value Area.
Default is enabled.
Orderflows Trader 7 – Chart Examples – Bullish Engulfing Value Area (EVA) are shaded blue.
Orderflows Trader 7 – Chart Examples – Bearish Engulfing Value Area (EVA) are shaded darker red.
Orderflows Trader 7 – Properties Settings – Vertical Liquidity.
Vertical Liquidity occurs when there is heavier than normal volume being traded on the bid or offer over
consecutive levels.
Default is disabled.
Volume Decline occurs when volume being sold into the bid declines of bought from the offer declines.
Bullish Volume Decline occurs in green-up candles when the volume being sold into the bottom bid side of the
bar decline from the 3rd price level to the 2nd price level to the 1st price level. Aggressive sellers are getting
weaker in pushing the market lower.
Bearish Volume Decline occurs in red-down candles when the volume being bought from the offer side
declines from the 3rd price level to the 2nd price level to the 1st price level. Aggressive buyers are getting
weaker in pushing the market higher.
Default is disabled. But I highly suggest you use enable the Swing Filter.
You can also adjust the font and size of the font by
clicking the sideways arrow to expand the selection.
A Buying Zero Print will appear on the bottom bid side of a bar.
A Selling Zero Print will appear on the top offer side of a bar.
Default is disabled.
Orderflows Trader 7 – Chart Examples – Bullish Zero Print.
Orderflows Trader 7 – Chart Examples – Bearish Zero Print.
Orderflows Trader 7 – Properties Settings - Unfinished Business.
By default this setting is disabled. If you want to enable it, you must click on the box to the right of Detect
Unfinished Business.
Let's you set up the bar data you want to see at the bottom of
the chart.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the colors.
Orderflows Trader 7 – Chart Examples – Bullish Extreme Delta/Volume Threshold.
Orderflows Trader 7 – Chart Examples – Bearish Extreme Delta/Volume Threshold.
Orderflows Trader 7 – Properties Settings - Summary Content.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the colors.
Orderflows Trader 7 – Chart Examples – Bullish Extreme Delta Threshold.
Orderflows Trader 7 – Chart Examples – Bearish Extreme Delta Threshold.
Orderflows Trader 7 – Properties Settings - Summary Content.
Let's you set up the bar data you want to see at the bottom of
the chart.
You can adjust the threshold based on the market you are
trading. You can also adjust the color.
Orderflows Trader 7 – Chart Examples – Bullish Small Min/Max Delta.
Orderflows Trader 7 – Chart Examples – Bearish Small Min/Max Delta.
Orderflows Trader 7 – Properties Settings – Volume Profile.
Display the day’s volume profile. By default this is disabled. If you want to enable the volume profile, check the
box to the right of Display Volume Profile. You can also choose to display the profile on the right or left of the
chart.
Orderflows Trader 7 – Chart Examples – Volume Profile.
Orderflows Trader 7 is a very robust order flow analysis platform. It was designed to help traders comprehend
what is happening in the market and make better trading decisions.
Trading is not easy and reading order flow is not as simple as some people would lead you to believe. However,
when you have the proper tools that format the data in an easy-to-read format, the market makes sense.
Order flow is just data, and the Orderflows Trader allows you to understand the data to make more informed
trading decisions.
This is the end of the Orderflows Trader User Guide.