Documentation

Installation and usage guides for FlowMatrix

Installation

Installing FlowMatrix on NinjaTrader 8 is simple and quick. Follow these steps to get started:

Prerequisites

  • NinjaTrader 8 installed and configured
  • Connection to a data provider (Kinetick recommended for tick-by-tick data)
  • Windows 10 or higher

Installation Steps

  1. Join our Discord community and download the latest FlowMatrix .zip file
  2. Open NinjaTrader 8
  3. Go to Tools > Import > NinjaScript Add-On
  4. Select the downloaded .zip file
  5. Restart NinjaTrader 8

Note: After installation, all FlowMatrix indicators and drawing tools will be available in your NinjaTrader indicator and drawing tool lists. No license key or activation is required.

Initial Configuration

After installation, a few configurations are recommended to optimize your experience with FlowMatrix.

Data Feed Configuration

For optimal Order Flow indicator performance, make sure your data provider supports tick-by-tick data. Kinetick is recommended for its reliability and comprehensive market data coverage.

Recommended Chart Settings

Chart Settings:
  - Bar Type: Minute or Tick
  - Days to Load: 5-10 days minimum
  - Tick Replay: Enabled (required for backtesting order flow)

Connection Settings:
  - Data Provider: Kinetick (recommended)
  - Historical Data: Tick-by-tick enabled
  - Market Data: Level II enabled (for DOM indicators)

Adding Indicators to a Chart

  1. Right-click on your chart and select Indicators
  2. In the search box, type FlowMatriX to filter all available indicators
  3. Select the desired indicator and click Add
  4. Configure the indicator settings as needed and click OK

Getting Started

FlowMatrix is 100% free — no license key or activation is required. Simply install the .zip file and all tools are immediately available.

  1. Join our Discord to download the latest FlowMatrix .zip
  2. In NinjaTrader 8, go to Tools > Import > NinjaScript Add-On
  3. Select the downloaded .zip file
  4. Restart NinjaTrader 8
  5. Open a chart and add any FlowMatrix indicator from the Indicators menu

Tip: Join our Discord community for configuration help, market analysis discussions, and direct access to the development team.

DOM On Chart

DOM On Chart displays the full depth of market directly on your chart, allowing instant visualization of available liquidity at each price level. Execute orders without leaving your chart view.

Key Features

  • Click Trading: Click any price level in the DOM ladder to place limit or stop orders instantly
  • Drag & Drop: Drag existing orders to new price levels directly on the chart
  • Vertical Scrolling: Navigate through price levels beyond the visible chart range
  • Auto-Scaling: Automatically switches between DOM cell view and dual trading bands display modes
  • 6 Data Columns: Bid, Ask, Inside Print, Delta, Price, and PnL
  • 3 Display Modes: Standard, Histogram, and Heatmap for different analysis needs

Settings

  • Display Mode: Standard, Histogram, or Heatmap
  • Levels: Number of price levels displayed
  • Click Trading: Enable/disable one-click order placement
  • Columns: Toggle individual data columns on/off

DualBands

Trade directly from your chart with Buy/Sell bands, bid/ask depth visualization, quick quantity presets, real-time PnL tracking, and one-click position management.

Trading Features

  • Click Trading: Click any price level to place limit or stop orders
  • Market Execution: Dedicated market buttons for instant order execution
  • FLAT Button: Close all positions with a single click
  • Break Even: Automatic break-even button appears when position is profitable
  • Quantity Presets: Up to 5 quick-select quantity buttons for rapid size changes
  • Chart Trader Sync: Full synchronization with NinjaTrader Chart Trader

Market Depth

  • Volume Bars: Bid/ask volume visualization with linear or logarithmic scaling
  • Threshold Colors: Three custom volume threshold colors to identify liquidity zones
  • PnL Display: Real-time unrealized profit/loss with progress tracking

Display Options

  • Theme: Dark, Light, or Gray
  • Size: 5 size options to fit any chart layout
  • Rendering: DirectX rendering for optimal performance on dense charts
  • Execution Mode: StopMarket or StopLimit
  • Right Margin: Adjustable for multi-panel layouts

Tape Reader

The Tape Reader visualizes real-time transactions with automatic detection of significant order flow patterns. Display recent trades with time, price, volume, and directional highlighting — available on-chart or as a floating window.

Key Features

  • Sweep Detection: Identifies rapid cross-level trades with directional vs. absorption classification
  • Volume Bubbles: Volume-scaled circular markers for large trades exceeding configurable thresholds
  • Delta Statistics: Real-time delta statistics displayed on chart
  • Sound Alerts: Up to 12 independent alerts across 3 tiers and 4 categories with custom sounds and trigger modes
  • Toolbar Controls: Quick-toggle controls for fast configuration changes

Customization

  • Colors, sizes, and symbols for trade markers
  • Opacity and format settings
  • Alert volume thresholds per tier
  • Sweep sensitivity and detection parameters

Volume Profile

Analyze volume distribution by price level to identify support/resistance zones and key market levels. Automatic Point of Control and Value Area detection across multiple timeframes.

Display Modes

  • Standard: Total volume distribution per price level
  • Buy/Sell: Volume separated by trade direction
  • Delta: Net buying/selling pressure per level
  • Standard + Delta: Combined view showing both total volume and delta

Key Metrics

  • Point of Control (POC): Highest volume price level — automatically detected
  • Value Area: Configurable zone containing 70% of total volume (VAH/VAL boundaries)
  • Dynamic Extensions: POC and Value Area lines extend automatically until price crosses them

Available Periods

  • Session
  • Daily
  • Weekly
  • Monthly

Settings

  • Tick Resolution: Configurable for high-frequency analysis
  • Value Area %: Default 70%, adjustable
  • Extensions: Enable/disable POC and VA line extensions

VWAP

The VWAP (Volume Weighted Average Price) calculates the volume-weighted average price, an essential reference for institutional traders to assess fair value.

Period Types

  • Daily: Resets at session start
  • Weekly: Resets at week beginning
  • Monthly: Resets at month start

Features

  • Deviation Bands: Three configurable standard deviation band sets (1σ, 2σ, 3σ) with customizable multipliers
  • Previous Session Levels: Display VWAP levels from previous trading sessions
  • ProJector Integration: Multi-timeframe VWAP display via the ProJector companion tool

Price Sources

  • Close
  • HLC3 (typical price)
  • HL2 (median price)
  • OHLC4
  • HLCC4

ProJector

ProJector is a companion tool that brings together Daily, Weekly, and Monthly VWAP perspectives within a single chart view. It receives prepared data from existing VWAP instances for efficient multi-timeframe analysis.

Features

  • Multi-Timeframe Display: Intraday, weekly, and monthly VWAP levels with their standard deviation bands on one chart
  • Historical Memory: Up to 1,000 historical periods per timeframe
  • Age Labels: Optional temporal context labels showing period age
  • DataHub Architecture: Efficient design that avoids redundant calculations by receiving data from existing VWAP instances
  • Selective Visibility: Toggle visibility per timeframe independently

Setup

  1. Add the VWAP indicator to your chart with the desired period (Daily, Weekly, or Monthly)
  2. Add the ProJector indicator to the same chart
  3. ProJector automatically detects and displays data from all active VWAP instances

Tip: ProJector is optimized for multi-monitor trading environments, letting you consolidate VWAP data that would normally require multiple chart windows.

Anchored VWAP

Calculate the Volume Weighted Average Price from any significant point on the chart. Ideal for tracking institutional positions, identifying mean reversion levels, and understanding fair value from key events.

Calculation Methods

8 price calculation methods available:

  • HLC3, HLCC4, OHLC4, HL2
  • Individual OHLC values (Open, High, Low, Close)

Features

  • Triple Deviation Bands: Three standard deviation bands with customizable multipliers
  • True Volume Weighting: Tick-by-tick volume calculation (not bar-based approximation)
  • One-Click Anchoring: Click any bar on the chart to set the anchor point
  • Anchor Marker: Distinctive visual marker with extending lines at the anchor location

Usage

  1. Select the Anchored VWAP tool from the drawing toolbar
  2. Click on the desired anchor point (swing high/low, gap, news event, etc.)
  3. The VWAP and deviation bands are automatically calculated from that point forward

Volume Profile Drawing Tool

Create custom volume profiles on any area of your chart. Reveals volume distribution across price levels for detailed analysis of specific chart regions.

Operational Modes

  • Dynamic: Updates in real time as new data arrives
  • Fixed: Stays frozen on the selected area for completed session analysis

Analytical Features

  • Point of Control: Automatic POC identification at the highest volume level
  • Value Area: Customizable zone (default 70%) with VAH/VAL boundaries
  • Delta Profiling: Directional volume visualization for each price level
  • Line Extensions: POC and Value Area lines extend beyond the profile for S/R tracking
  • Volume Aggregate: Total volume display within the selected area
  • Status Indicators: Professional loading/updating/fixed status display

VP ● VWAP

The ultimate combined tool that synchronizes Volume Profile and VWAP at the same anchor point. Identify high-probability zones where volume structure converges with volume-weighted pricing levels.

Integrated Features

  • Synchronized Analysis: Volume Profile and VWAP share the same anchor point for perfect alignment
  • Full Volume Profile: POC, Value Area, delta profiling, and line extensions
  • Complete VWAP System: Three standard deviation bands with flexible price source options
  • Adaptive Extension: VWAP line extends automatically beyond the profile area
  • Auto Mode Detection: Automatically switches between live and fixed modes based on the selected range

Tip: Use VP ● VWAP at key market events (earnings, economic releases, session opens) to identify where volume concentration and fair value converge.