Volume and OrderFlow Setup on MotiveWave (Fabio Valentini Edition)

0:00 If you've been around the volume and orderflow space in YouTube, then you will probably know who this guy is. If you don't, his name is Fabio Valentini, and he is well known in the orderflow and volume trading space, especially if you're using big trades, an indicator that plots the bables, that's my attempt at an Italian accent, onto your chart. And it is very useful to see in real time cuz you can see real time exhaustion, absorption, aggression of the buyers and sellers in the market. When you use that with volume profile, you can do some pretty cool things. Now, I'm not here to teach you how to use these things. I am here to show you how to set it up, though. Fabio uses a platform called Deep Charts. And while that is a very good platform, it is very hard to get access to and to use a lot of the tools on there. So, what I'm going to do today is I'm going to show

0:46 you how you can set up exactly how Fabio will trade just on Motive Wave instead of deep charts because Motive Wave, if you aren't aware, you can get access to through Lucid for a onetime fee, extremely cheap. I have a video that goes over it that will be in the description, and it is what I use day-to-day in my trading. So, let's get started. This is what your chart is going to look like at the end of this video. We're going to basically start with a fresh chart, and I'm going to show you step by step what you're going to need to add in. So, let's build a new chart. And I'm not going to do all the colors and stuff. You can do that yourself. It's pretty self-explanatory. I'm just going to show you how to set up the actual things you want on the chart. So, first things first, you want to come up to configure and then we're going to go to settings. And then I want you to go over to the toolbar and you're going to choose toolbar top two. And you're just going to go through this section and find the two tools that we are going to use in here, which is the volume

1:32 profile and the delta profile. So find them in here and just move them across to this side of the toolbar and then hit apply. And then you will see these appear in your top left toolbar right here. Once you've got that, you'll be able to just click up here and drag and click and draw the profile wherever you want it. Your profile won't look like this. If you want the exact settings, I will click on it here. You don't want to use historical minute bars because that is going to use tick volume. We want to use tick data, which is a more accurate version of the volume profile. You can only get access to that sort of thing on professional orderflow platforms like Motive Wave. And you can see here my default settings for the display. So you can just copy these if you want to. I do have different templates set up. So this is my base template. It shows you all these different things. You can see the colors that I have on here. If you want this exact color, this is for my bars.

2:18 So you can copy this and then have the exact color that I do. But if I just come back to the display and swap this to something like a previous volume profile, that is going to change some of these settings. And that is just because I have a couple different templates. So if I just hit apply on that template, you can see that it's going to actually plot the value area high, the point of control, and the value area low on the chart for me. like you see on the value area here. Those are my settings for that. So, you can just have a play with this. It's really up to you how you want to customize it. I'm just making sure that you are using the right tools. Now, I will do a separate video going over the volume profile, but we are now going to add on the big trades, which is obviously something Fabio is very, very fond of. So, we're going to come up to study, and we're just going to go all studies. And then all you need to do is search in here for big trades, and hopefully it should pop straight up. Now, I've just reset it to the default settings because this is what yours will look like when you first plot this on.

3:05 We do want to keep auto circle. This is again something that's a bit personal preference. I like auto circle because that's going to make it so that the big bubbles are larger orders and smaller bubbles are smaller orders. Max circle size is something you'll play with as the day goes on because you'll just know what you want that to be based on how many bubbles are on your chart and how big they are. You can also add a minimum circle size because sometimes when you have auto circle [ __ ] flies trying to get me. Sometimes when you have auto circle on there'll be some really big bubbles and then some really small ones you can't even make out. So having a minimum circle size is a little bit useful. Minimum trade size. This is something that is going to be very dependent on what you're trading and when you're trading it. I can't really give you a fixed rule for this. All I can do is tell you what I do and what Fabio does. I know that Fabio uses a minimum trade size on ENQ. That is set

3:52 to about 30 or 40 contracts for the New York session. If he's trading London session, he will drop that down to 20. I have kind of experimented with converting that to ES because obviously it's not the same asset. So the contract sizes are going to differ. So on ES I've been using anywhere from 70 to 90 for the New York session and then dropping it as low as like 4050 for the London session if I'm trading the London session. So yeah, that is very case dependent on what you are trading and when you are trading it. The advanced sections here and all the signal stuff, this is all literally going to say the exact same. I'm not going to touch any of that. We will just add this on so you can get an idea of what this is going to look like. So you can see right now that the colors are relatively okay. There's nothing wrong with these colors. But one thing I personally don't like with the big trades thing is I don't really like seeing the number because I can tell how

4:39 big of an order it is from the size of the bubble. So here's one little cool trick that I will do to make the bubbles a little bit more cleaner. First things first is I will drop the opacity down to about I I normally keep this at about 75%. I find that that's nice for for me. You can again choose whatever fits your personal preference. And then the trick for the bubbles is to click on the font and then you can select your text color, your fill color. And what I will do is I'll make this bold. I will drop the size of the font all the way down to one, which is the minimum that it can be. And I will just set the two colors as the same colors and hit okay. So then when we do that, you can see that my green bubbles now have a little bit of an opaque look to them, which I like. So I can still make out the candles. Then if I just do that exact same thing to the red bubbles. And like I said before, you can mess with the opacity setting to

5:24 whatever suits you. Again, you can also mess with the circle size if you want really small circles or [ __ ] massive balls. And remember that this minimum circle size does also exist. So, if I set that at say 30, you're going to see that the small bubbles are just a little bit bigger. I do quite like to have that minimum size filter on there, like I said, cuz if you don't have that, some of the balls will be tiny, and no one likes tiny balls. That's what she said. So, now you've got that set up. I will delete that just to clear it off the chart. And the final thing that Fabio will use is the delta profile. So this is going to show you where the aggressive buyers and sellers were transacting. And if we just take this and draw it across a price range, you can see here the red is the negative delta. So we have a lot of negative delta in the red sections. And we have positive delta in the blue sections. This is not what yours will look like.

6:10 So if I just double click on this, I like having a tick interval of two on this. It does make it a little bit less accurate, but if I drop it to one, you can just see it becomes a little bit messy, a little bit harder to make out. and upping it to two really isn't going to damage it that much. You still got the general idea. Again, we are not wanting to use historical minute bars here. That's going to mess up how accurate it is. We don't want a size filter on this. But the thing I do change is the display, which you can see right here. So, you can just copy the settings I have for this and your delta profile will look exactly like mine. The only downside to motive wave compared to deep charts is that on deep charts, you kind of have the delta profile and the volume profile in one profile, if that makes sense. It's called deep profile. Don't have that on motive wave. you just kind of have to draw them both and then they might overlap a little bit. So you have to just kind of separate them, get

6:55 an idea for where the delta is. You don't have to use delta. I have found that it is sometimes a bit useful, but not something you have to use. The volume profile is absolutely a tool that just does the job without having to see the delta. It's just about how much detail you want. And then one final tool that you can use is the CVD, which I have at the bottom of the chart here. So very, very easy one to get. Again, you just want to come up to study, all studies, search for the CVD. Sorry, not CVD. You want to shoot search for the cumulative volume delta since that's what it's actually called. Make sure the bar type is set to candlestick so you can get that nice comparison instead of it just being a line. Hit okay and that will plot onto your chart there. So you can compare the price to the CVD and do some volume spread analysis if you want to use Fabio's terms. Definitely a very useful tool. Again, I'm not going to teach you how to use all these things.

7:40 I'm just teaching you how to plot them onto your chart and how to get them for a very cheap price instead of going on to deep charts. So there you go. You now know exactly how to set up your motive wave chart to be as in line with how Fabio trades on deep charts. All you need now is an Italian accent that is better than mine. And then you will be able to bring in a 350% return and smash the Robins Cup. But yeah, that's all from me in this video, boys. I'm going to leave it there. I hope you enjoyed and I hope I was able to help you set that up. Any questions, leave them in the comments down below. And if you want to know how to get access to Motive Wave for an insanely cheap price, much cheaper than you can get Deep Charts, like I said, and Motive Wave is Mac friendly. Deep Charts is not at the minute. But if any of that interests you, then check out that video right there because I'll go over exactly that. That is all for me in this video, boys. So, I'll wish you good luck, good

8:26 trading. Catch you later.