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Date/Time: Fri, 29 Mar 2024 14:21:56 +0000



Post From: Visualise large limit orders in the chart

[2019-01-11 10:29:33]
JanS - Posts: 46
This question relates to limit orders by general market participants as shown in the DOM graph.

The DOM graph shows current limit order quantities at the various price levels.

A study could filter for a certain quantity (i.e. everything above 20 contracts) and then place a dot above or below the current price in the chart at the price level at which limit orders of that quantity were placed.

This dot stays in the chart whether the orders were executed or not. The trader can thus easily see price levels of high-quantity limit orders. These usually act as support or resistance.

I take it that this is not possible with the studies currently available, correct?