Orderbook Overlay Indicator for TradingView?

Saw a video by a trader who uses a tool called LMS (Liquidity Mapping Suite) which overlays major buying and selling points on the chart, so you can visually identify support and resistance levels. This sounds so convenient to me. Like yeah you can see the orderbook if you want, but to overlay is visually on a chart just makes it so much more useful.

It's happened many times that I think a stock will explode, and I see some profit, but it deflates instantly and I exit at cost to cost. This'll help me avoid that and at least take some profit if I know in advance that a wave of selling is coming.

But I looked up the tool, it's only available for US futures trading on NinjaTrader. Do you guys know any alternative for this that's available on TradingView and would work with Indian stocks?

Thanks!

reddit.com
u/OnlyFemboys777 — 17 hours ago

Orderbook Overlay Indicator for TradingView?

Saw a video by a trader who uses a tool called LMS (Liquidity Mapping Suite) which overlays major buying and selling points on the chart, so you can visually identify support and resistance levels. This sounds so convenient to me. Like yeah you can see the orderbook if you want, but to overlay is visually on a chart just makes it so much more useful.

It's happened many times that I think a stock will explode, and I see some profit, but it deflates instantly and I exit at cost to cost. This'll help me avoid that and at least take some profit if I know in advance that a wave of selling is coming.

But I looked up the tool, it's only available for US futures trading on NinjaTrader. Do you guys know any alternative for this that's available on TradingView and would work with Indian stocks?

Thanks!

reddit.com
u/OnlyFemboys777 — 1 day ago

3 Stocks for Birthday

My birthday is coming up soon and I want to gift myself stocks. I've never bought stocks before in any significant capacity, so this'll be my first time. Which 3 would you guys recommend? Not looking for any quick gains, I won't even consider selling until my next birthday.

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u/OnlyFemboys777 — 6 days ago

A question about options

This month when Tata Motors PV fell around 8% in one day, I bought some cheap OTM calls thinking that it'll bounce back soon and I can make a small profit. It hasn't and I'm in a loss. The issue is that they expire tomorrow and I can't unload some of these calls even at a loss because there are literally no buyers. Is there a chance the guy on the other side of the trade exercises these calls? How does that work? I've never held an option beyond expiry so this is whole new territory for me

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u/OnlyFemboys777 — 7 days ago

Reason for HMT rise?

I bought an HMT watch a while ago and quite liked it, so recently added the stock to my watchlist and pretty much every day I notice it goes up like 5%. Any idea why and should I buy?

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u/OnlyFemboys777 — 14 days ago

Visual SL/TP on Kite?

I’ve just recently got into trading (I use Kite currently) and one issue I’ve noticed with it is that it’s very hard to trail profits using that platform.

I’ve been seeing a trader online, and he’s able to set target and stoploss visually on a chart. He can move the SL/TP and it also tells him the profit or loss he’ll get if the order gets executed at that price.

From what I see, on Kite you can’t really do that. You need to specify a price rather than setting a point on a chart. It’s really unintuitive for me to trail profits like this.

I believe a visual approach will let me trade better. Does anyone have any info if this feature is available on Kite or I need to shift to another platform?

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u/OnlyFemboys777 — 1 month ago

Pandemic Stocks

Okay I know this may sound a bit evil but I'm looking into stocks to buy that will see a gain in case another pandemic happens. Which ones do you guys suggest I should look into?

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u/OnlyFemboys777 — 2 months ago