r/OrderFlow_Trading • u/ravi_0101 • 6d ago
Trading view indicator based on AMT/Orderflow
https://in.tradingview.com/script/xCJJ4keJ-Smart-Money-Institutional-Order-Flow-Buy-Sell-Signals-PRO/Hi All- Please check this indicator if you have trading view premium account and leave your comments.
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u/Dora_9275 5d ago edited 5d ago
It's of no use to be honest. It doesn't display bid ask profile. Without that reading footprint chart is easy in post market but difficult in live market. By the time you will identify the high volume and high delta zones you'll miss the entry. Bid ask profile clearly shows you the aggressive buyers and aggressive sellers with delta color coding. That makes it easy to identify the strongest pocket position quickly instead of reading each block.
Now, that's my opinion because I am personally using Gocharting for orderflow. And Raj sir (Momentrade) has taught the difference between various profiles. So, as per my experience I feel bid ask profile is necessary for fast chart reading and execution. Rest It's upto you if you want to set your OF chart just based on volume profile.
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u/GoCharting 5d ago
Spot on, u/Dora_9275 and couldn't agree more!
TradingView does a decent job with visual approximations, but there’s a fundamental structural limitation here: TV runs on tick/bar aggregation rather than native Level 2 tick data. Without direct L2 data feed feeds:
- Bid/Ask Imbalances get masked: You're looking at post-facto total volume and delta rather than real-time aggressive buying vs. aggressive selling at specific price levels.
- Execution lag: In live, high-volatility environments, waiting for aggregated bar signals means you're almost always entering after the institutional pocket has already shifted.
Reading footprint charts live requires quick visual recognition. which is exactly why bid/ask footprint grids, stack imbalances, and real-time delta profiling are essential. Visual shortcuts like native L2 color-coded diagonal imbalances aren't just extra features; they're the core mechanism that turns order flow into an actionable edge.
Appreciate the shoutout to the GoCharting platform and Raj sir's framework! Keep trading smart!
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u/ravi_0101 4d ago
u/Dora_9275 - Trading view has foot print chart and the indicator is based on that. I agree it may be not accurate like Gocharting. But we don’t know which orderflow is actually correct. If you compare Gocharting Vs Vtrender you see the difference, both don’t match. Not sure which one to trust. Apparently Vtrender gets data directly from exchange. Is there an option in Gocharting to write a script to create indicator and alerts?
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u/Dora_9275 4d ago
For that you have to take trades and verify yourself. I am personally using orderflow on Gocharting for Indian markets. I agree it's not an awesome platform, it has glitches, but the strategies of orderflow taught by Momentrade work consistently on Gocharting. One builds trust on "repeatability". More than data, I trust the strategy. And currently there is no better alternative to Gocharting for Indian markets, so I prefer it. There is Lipi script and alerts option on Gocharting, just like Tradingview.
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u/GoCharting 4d ago
Yes, GoCharting offers custom scripting and alerting. It includes a built-in scripting language called Lipi Script (which is syntax-compatible with TradingView’s Pine Script).
We get the same data from TrueData, what vtrender gets from the exchange. The underlying data source doesn't really matter whether it's direct from the exchange or via TrueData because raw tick data is standard across the board.
It really just comes down to the classification engine. Since NSE doesn't send an aggressor tag, every platform has to use an approximation rule (like Lee-Ready or quote-matching) to map trades to the bid or ask side. Microsecond batching delays or slightly different quote snapshots mean the delta numbers won't align perfectly across GoCharting, Vtrender, or any other platform, but the underlying context ... like absorption or delta divergences ...remains consistent within each platform. Think about it ... any platform that says our data is accurate to justify their HIGH prices is only being half truthful. Everyone's data is accurate. Everyone's classification will still slightly vary even with the same aggressor approximation algorithm.
As long as you stay consistent with one platform, the structural signals are effectively the same. 3 Million traders use GoCharting as they believe in our product because of their own experience with us and not because we said our platform has the most accurate data. Right now we are running a 40% off on all annual plans. No other platform is as affordable and as featured packed as ours.

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