FlowMaster™ Alpha Omega
Also Known As "AO"
Last updated
Also Known As "AO"
Last updated
The AlgoBox™ FlowMaster™ Alpha Omega algorithm performs Real Time Order Flow Analysis (RTOFA) in combination with volume-at-price and other proprietary calculations.
The AO indicator plots colored crosses when price reaches prior auction zone highs and lows and large algorithmic order flow activity is detected.
There are four types of Alpha Omega crosses:
Alpha (Bullish) 1) Green 2) Blue Omega (Bearish) 3) Red 4) Pink
Note how price subsequently bounces off each Alpha & Omega's horizontal lines.
Blue Alphas are generally a stronger bullish signal than green Alphas. Likewise, Pink Omegas are generally a stronger bearish signal than red Omegas.
Each AO has a strength number indicating the current market imbalance. Higher numbers suggest stronger bullish or bearish pressure.
For example, a green Alpha with a 12.4 reading indicates that the buy order activity at that area is a 12.4 multiple of the selling activity in that same area:
When a smaller "time frame" chart such as the Ripple chart gets a lot of Alphas and Omegas on a directional move ("Clustering") this can indicate a potential trend on the higher time frames.
Alpha Omega Clustering does not indicate direction alone, only a potential for trend.
Alpha Omega Clustering is abbreviated as "AOCLTF" which stands for Alpha Omega Clustering Lower Time Frame.
The audio alerts you once a FlowMaster™ Alpha Omega is plotted on the chart. You can customize these alerts by changing the audio to a preferred voice or sound, or turn them off entirely.
Sound Off/On: Toggle On or Off to receive sound alerts for AudioBox.
Alpha Omegas Up: You can select a custom sound for any bullish Alphas that appear on the chart.
Alpha Omegas Down: You can select a custom sound for any Bearish Omegas that appear on the chart.
AlgoVoice: You can enable or disable real-time audio alerts as per your preference.
Voice Rate: You can customize the speed of the AlgoVoice alerts to your preference.
All
custom sounds must be in .wav file format only.
Allows you to control how frequently the FlowMaster™ Alpha Omega indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.
Calc Override: Default setting is unchecked. Check this setting to customize and utilize Calc Interval.
Calc Interval: Set your custom desired calculation interval. The smaller the number, the more frequently the indicator will recalculate, which increases processing load on your system's CPU. The default setting of 1000 is in milliseconds, which is equal to 1 second. If you wanted the FlowMaster™ Alpha Omega to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.
Low Strength Threshold: This is used to set the minimum strength required for Alpha Omegas to be displayed. Adjusting this setting filters out weaker signals, ensuring only those with sufficient strength or the lowest plotted number are shown on the chart. (Note: Alpha Omegas require tuning for performance. For detailed guidance on tuning Alpha Omegas, please refer to the video tutorials)
High Strength Threshold: This setting displays Alpha Omegas that are plotted above the specified threshold, indicating they are potentially stronger.
Turbo Risk: Adjusts the sensitivity of risk indicators in turbo mode. You can toggle this setting ON or OFF.
Drawing Horizontals: Controls whether horizontal lines are displayed on the chart. You can toggle this setting ON or OFF to show or hide these lines.
Drawing Verticals: Manages the visibility of vertical lines on the chart. You can toggle this setting ON or OFF to enable or disable these lines.
Global Horizontals: Sets the global display of horizontal lines across all charts. You can toggle this setting ON or OFF to apply or remove these lines universally.
Global Verticals: Manages the display of vertical lines across all charts. You can toggle this setting ON or OFF to apply or remove vertical lines globally.
Number of Horizontals: Defines the maximum number of horizontal lines shown on the chart.
Click here to learn more about drawing global objects across all charts.
Draw Rectangles: This setting enables the display of Alpha Omega crosses on the chart. You can toggle this option ON or OFF as needed.
Reticle Opacity (1-100): Adjust the visibility of the Alpha Omegas by selecting the desired opacity level from 1 to 100.
Draw Strength Value: This setting displays the strength numbers of Alpha Omega crosses on the chart. You can toggle this option ON or OFF as needed.
Visual Settings allow for the personalization of colors and line styles (dashed or solid) for various settings, including Alpha and Omega indicators, as they appear on the chart.
Displays the current chart instrument, contract date and configurations applied.
Input Series: This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.
Allows you to add a label, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.
On Price Change: Updates the indicator only when there is a change in the instrument's price.
On Bar Close: Updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.
On Each Tick: Updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This setting increases CPU processing load.
Allows you to customize button colors, adjust the button placement, and modify the font type and size to suit your preferences. The Visual Settings shown are default settings which usually do not need to be changed unless specified in release notes or instructional video, live stream or on Discord etc. Auto scale is recommended to be unchecked.
Auto Scale: Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.
Displacement: Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.
Display in Data Box: Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.
Panel: Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.
Price Markers: Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.
Scale Justification: Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.
Visible: Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.
All settings displayed in the settings image are the current default configurations provided by NinjaTrader and/or the AlgoBox™ Pro software, and may change at any time in future software updates without notice.
The FlowMaster™ AO indicator can and should be "tuned" to the specific instrument and trading session being analyzed. For complete details and instructions, watch the tutorial on YouTube here:
AlgoBox™ and all FlowMaster™ tools only require Level 1 data to operate. Level 2 data is not required.
Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.
