The Geiger Counter was designed to enable you to easily add Buying and Selling Pressure analysis and Time and Sales data to any chart. With this indicator you can see the Pace of the Tape and Order Flow Analytics in an easy to understand Tape Speed Monitor format that allows you to quickly Read the Tape.
Use the Geiger Counter’s rate intensity histogram to determine reversal points. A large block of spikes at a fast rate shows either buyers or sellers hitting their stops/removing their position.
-The white line on the histogram and needle shows a running moving average of the buyers vs sellers. A rise/fall cross zero, above/below zero indicates if the Buyers or Sellers are in control.
Additionally, the Geiger Counter gauge is an instantaneous indicator of order flow shift.
Advantages of the Geiger Counter:
The horizontal display of the tool summarizes bid/ask time and sales data. This is trades at bid or ask and the net calculation. Moving averages are used to more readily spot trends.
The net calculation is particularly useful when looking for upward or downward slope – since it shows the pressure moving in the opposite direction from where it was. For example, there is a consistent shift in bid vs. ask pressure at each sample.
Finally, the rate at which this display scrolls to the left is based on the time between each trade coming in. This directly shows how active the market is at any given time.
The circular gauge display references inside bid and ask numbers.
The trend indication element is a weighted look at all the individual indicators combined. It is useful to identify short-term trends. For example on a Mean Renko chart, the Geiger Counter is very good at identifying trend change prior to a reversal shown in the bars.
Important Design Notes:
1. Geiger Counter only works with data feeds delivering bid/ask VOLUME data. Typically, this means Futures, Stocks/Equities, FX Futures and some Spot Forex. Please check with your data provider.
2. If you use NinjaTrader’s Market Replay with the Geiger Counter, it will get out of sync if you fast forward. Due to the precision accuracy of this trading tool, time samples must be done using the real clock.
TESTIMONIAL DISCLOSURE: Testimonials appearing on www.IndicatorWarehouse.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
LIVE TRADE ROOM DISCLOSURE: All presentations, videos, and information are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Use of any of this information is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors.