ZTP Order Flow Signal
The ZTP Order Flow signal is an exclusive order flow tool that is incorporated into the Order Flow Suite. The indicator has two purposes. On a smaller time frame chart it is used as an entry confirmation signal. ZTP Order Flow does a great job at calling tops and bottoms. This is what you want to see when the signal is coinciding with a ZoneTraderPro price pattern.
It can also be used to confirm a POC Absorption or Extension signal that occur on a higher time frame chart.
It is very important to note this about the indicator. The ZTP Order Flow indicator does a great job at calling a reversal and it can call reversals on a short time frame chart like on the left. Or it can call a reversal on a larger time frame which will have more significance. However, as in the example to the left, it is not meant to scalp 4-5 ticks. It is meant to be used with the other order flow patterns on a larger time frame chart and with a known trading pattern. That way you employ appropriate risk and reward and a proven strategy.
Higher Time Frame Charts
The ZTP Order Flow Signal is even more powerful on a higher time frame chart. This is because it is identifying even more traders that got caught in the wrong trading direction.
When used in combination with the POC Absorption/Extension Signal or an Exhaustion signal, it is a combination you can not trade without.
But the combination becomes unbelievable when you add the new Delta Strength indicator with Tape Reconstruction Filtering. Here we have the filter set to only show the large traders and we see 3 great signals with the ZTP Order Flow.
Click HERE to read more about Tape Reconstruction filtering.
