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[User Discussion] - Order Flow: Depth & Sales DOM

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[2013-12-07 04:02:16] #1 [Go To First Post]
User96105 - Posts: 113
Jigsaw (http://www.jigsawtrading.com/order-flow-software/depthsalesorderflow) have a Depth & Sales DOM available for Ninja. I wonder is anything like this is available for SierraChart? (sorry, just noticed I have the column headers for the Buy/Sell market orders transposed on the attachment) Date Time Of Last Edit: 2013-12-07 04:10:07


Depth&Sales.pdf - Attached On 2013-12-07 03:59:54 UTC - Size: 937.67 KB - 698 views

[2013-12-09 02:57:24] #2 [Go To First Post]
emp0804 - Posts: 31
SC, Can you add an addtional column type to view added or pulled contracts from the bid side and the ask side of the DOM depth? The column (from the Depth&Sales.PDF) that shows -144 contracts were just pulled off the bid. This shows clearly the fake orders that are placed... I feel this column is extremely important and would be very beneficial to the SC community.

[2013-12-11 03:49:55] #3 [Go To First Post]
emp0804 - Posts: 31
Support Any input about this can you add the addtional column?

[2013-12-11 09:44:21] #4 [Go To First Post]
User96105 - Posts: 113
I wasn't necessarily suggesting that Jigsaw's excellent work be plagiarized (although no doubt others have "acquired" SierraChart's work!). But it would be very helpful to have something along these lines available, both for scalping and for indicating turning points....

[2013-12-11 20:24:24] #5 [Go To First Post]
TastyRisk - Posts: 119
"This shows clearly the fake orders that are placed" They're not fake orders. They can be traded. You say that 144 were pulled off the bid... How do you even know they weren't icebergs ? Even if they weren't; How do know that it wasn't someone trying to make the market look weak and their real order was just below -hoping that you'd sell into it ?!! Actually; from what I've seen it's the static orders that are most often wrong. So, using the above information (changing bid) if the sell limit orders above weren't changing then it would be better to buy them. Try thinking like this: If there wasn't an offer then the market couldn't even trade up. The limit orders are like steps on a ladder the enables price to change. Vis-a-Vis; If someone pulls the bid then it can't trade there can it? Basically; aggressive traders move price - not passive traders or market maker's orders. Date Time Of Last Edit: 2013-12-11 20:45:51

[2013-12-11 20:58:32] #6 [Go To First Post]
Futurestrader77 - Posts: 126
I too am interested in this DOM (I requested it some weeks ago). Perhaps in the futures it could be added?

[2013-12-11 21:40:36] #7 [Go To First Post]
SgtJ - Posts: 154
I think an interesting idea w/ regard to pulled/added depth orders is to include two more categories for the DOM/chart trader. They would be 1)recent pulled bids/offers and 2) recent added bid/offers. It would work just like the newly added recent volume bid/offers.

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